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Unformatted text preview: Economic Order in Anarchy? Can it Endure? 04/02/2008 16:38:00 OUTLINE Liberal International Economic Order (LIEO) LEIO as a public good Cooperation after hegemony? Liberal International Economic Order (LIEO) Set of regimes established after WWII to promote monetary stability and the free flow of trade and capital o WTO/IMF/World Bank spurred by globalization and interdependence Commercial Liberalism Optimistic Humans naturally want to cooperate Trade can benefit all and promote peace Absolute gains of trade more important than relative gains Mercantilism Pessimistic Government regulates economy to increase power and security Economy is subordinate to needs of state Trade: relative gains more important than absolute gains International politics as zero-sum game Has become less and less popular and is being replaced by neo-liberal thought LIEO as a Public Good...
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This note was uploaded on 04/14/2008 for the course POLY SCI 7 taught by Professor Ginjer during the Winter '08 term at UCSB.
- Winter '08