POLS10200 Study Guide - Midterm Guide: Environmental Law, Common External Tariff, Montreal Protocol
Document Summary
Definition: the study of the interplay of politics and economics in international relations. Places the importance of the state front and center. How states shape political economy and how political economy shapes states. Oftentimes conflictual: states want to maintain their sovereignty, but markets. Oftentimes complementary: rules to enforce contracts, regulate wealth and finance; markets generate wealth, and wealth generates power. System: ipe makes some states richer and some states more poor. Multinational corporations and their impact on the global. 70s: decline in economic power in the us. Practical: great deal of international activity does not have to do with war, security agreements. Normative: the international structure benefits some states more than others. Potential for mutual gains, very long shadow of the future and there are institutions that push for prosperity. Krasner: realist approach in the international economy. Nineteenth century trade grew exponentially, faster than population and gdp up until wwi. Tariffs: tax as goods cross the border into a country.
