POL S 203 Lecture Notes - Lecture 5: French Wine, Comparative Advantage, Zero-Sum Game
Document Summary
Free trade, part 2 (february 26, 2016: focus on relative gains: liberals focus on absolute gains in comparison, politics determines economics: liberals see them as separate spheres in. Economics should be subordinate to the state and state interests. Nothing more important than maintaining sovereignty and power. Military power is the way of guaranteeing independence and economic prosperity. You also need economic growth to support military power. Wealth is relative and wealth is power, therefore power is relative. International politics is conflictual: trade can lead to war: zero sum is how they look at trade, fear dependence on others: wine/tanks/chips: priority on sovereignty and. B. realist view of comparative advantage: liberals differ in two ways. independence. One means power the other means a party. Don"t be dependent on others for things that are important. *rare earth minerals: something north korea will no longer be able to export after recent sanctions.
