INTSTDS 2500 Lecture Notes - Lecture 7: Paul Krugman, Comparative Advantage
23 Mar 2016
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Absolute gains (comparative advantage) vs relative gains (dependencia) Hegemon- a country that dominates the international system militarily and economically. Britain 1840 hegemon- could afford comparative advantage. Us 1940 hegemon maybe until today still hegemon. Paul krugman- he says even though the west makes more money at least the third world is making more than it would. Politics the means by which decisions who gets what where and how are made. > we established a government and stuck to it bc people believe in our system. Democratic: organized around the wishes of the people; power and decisions flow from the bottom to the top. Presidential: people elect the president; legislature is not always controlled by the same party as the president. Autocratic: power flows from the top to the bottom; only few people have power and change influence change. Monarchial: king acts as the judicial, legislative, and executive branches ex saudi arbia,
