POL S 121 Lecture Notes - Lecture 12: Economic Collapse, Human Security, International Trade
Document Summary
If you are a state experiencing poverty, you"re also experiencing conflict. Stable economy means populations are more secure and state is stronger. If you"re. a wealthy state, you"re also a strong state because you have a lot to protect. Economic stress matters the most - being attached to the international trade regime and suffering the consequence of trading with great powers that abuse the relationship. Focus on changes of economic markets - continually being built and destroyed generating instability. States don"t plan correctly and expose their populations to whims of international order. Financial crises lead to conflict, as soon as conflict ends it reorganizes society as a way to "fix it" Series of monarchies that instituted bargains with landowners (charging landowners rent, then monarchies turned rent into power) Having cash on hand and creating a banking system (lending) Only way to pay off debt is extract resources (increase taxes) Incurring of debt led to collapse of the system.
