PO102 Chapter Notes - Chapter 8: Neoliberalism, World Trade Organization, Good Governance
Document Summary
International political economy (ipe) is about the interplay of economics and politics in world affairs. Ipe tries to explain what creates and perpetuates institutions and what impact they have on the world economy. Globalization of politics involves a globalization of economics. The global trade and finance systems developed in reaction to the event that followed. People believed that the freewheeling capitalism of the roaring twenties helped cause the great depression. International trade measures (i. e. , increased tariffs) exacerbated the preexisting domestic market distortions. General agreement on tariffs and trade (gatt) secretariat took on the task on organizing global trade negotiations. 1944; policy makers gathered in new hampshire at the bretton woods resort to consider how to resolve 2 problems: Needed to ensure the great depression of the 30s wouldn"t recur. Had to find ways to ensure a stable global monetary system and an open world trading system. Needed to rebuild the war torn economies of europe.
