POLS 2880 Lecture Notes - Lecture 2: Franklin D. Roosevelt, Free Trade, Mercantilism
8 Sep 2017
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Mercantilism: wealth accumulation, gold, positive trade balance to get the gold, trade strategy based on exports, not imports, which provides currency to buy gold. John keynes: critic of smith, argues that the only way out is for significant state stimulus, needs to get involved, only state can provide those resources, managed markets. Keynesian economics to some degree in the post war period. Singapore, hong kong, switzerland, us (up to 2000: minimal state intervention. Most western states: canada, government intervention, dairy supply management to keep prices high, lcbo, telecommunications, banking, us. Foreign policy decision: all states have active foreign policy. Goal selection what are you hoping to achieve, rank goals if there are more than one: 3. Identification of alternatives to obtain goals pros and cons: 4. Even if some of the people believe that. Had they not been in a leadership position, it would not have happened.
