Political Science 2211E Chapter Notes - Chapter 1: Free-Trade Zone, Global Financial System, Foreign Exchange Market
4 Jul 2019
School
Department
Course
Professor
Document Summary
The emergence of an offshore economy - palan. Thesis: state system not disappearing but in process of creating secondary unregulated spaces where economy can develop w/o hinderance. Offshore = extension of social provisions that were traditionally provided by states. Theories of the future of state relations/international relations due to the globalization of production. State hollowed out from within and wither away. Emergence of global state to replace state system. State system may give way to new world dominated by regional giants like nafata, State system not disappearing but is in the process of creating secondary, unregulated juridical spaces in which economic activities can develop w/o hindrance. Judicial space of sovereignty is bifurcating into two simultaneous domains, one very much "on shore" - subject to strict rules of states; other "fictitious spaces/off shore" - unregulated where transaction take place w minimal intervention. Refers to unregulated international finance; replaced euromarket. Lack of clarity of what qualifies as offshore.
