POSC 476 Study Guide - Fall 2018, Comprehensive Midterm Notes - Free Trade, Globalization, International Monetary Fund

• School: Towson University
• Department: Political Science
• Course: POSC 476
• Professor: Gorana Draguljic

Document Summary

Mercantilism is a national economic policy that is designed to maximize the trade of a nation. A paradox of the global market a theme that transcends throughout the chapter is whilst. Globalisation has benefited many countries, immensely, there are conflicts of interest including key themes such as democracy and the growing threat of monopolies. Rodrik epitomes this by depicting the fundamental instability of the global markets diachronically. From the outset, during the first chapter rodrick recounts the dilemma of globalisation. The historical nature of this chapter gives the reader an insight into a historical backdrop of globalisation. Rodrik guides the reader through many financial crises of various countries, explaining the domino effe(cid:272)t that has (cid:396)esulted as (cid:272)o(cid:374)se(cid:395)ue(cid:374)(cid:272)e (cid:862)thus was (cid:271)o(cid:396)(cid:374) the asia(cid:374) financial crisis, then spread onto russia the(cid:374) to b(cid:396)azil (cid:863). Also, by doing so rodrick is able to identify the weaknesses of historical globalisation, steering the (cid:396)eade(cid:396) to a (cid:373)o(cid:396)e (cid:858)(cid:396)esou(cid:396)(cid:272)eful glo(cid:271)alisatio(cid:374)(cid:859).