CPE Notes Feb 20 2008

CPE Notes Feb 20 2008 - CPE NOTES FEB 20 2008 King and...

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CPE NOTES FEB 20 2008 King and Wood: 1. Why US / UK differ from CME's 2. Why UK and US differ from each other Neo-liberalism- Very radical market reforms that reduce the state and state intervention in the market. More free trade and decrease in welfare state. Pressure in the 70's and 80's to move toward this kind of market in the world This movement went further in the US and UK then continental Europe This movement is linked to Reagan in the US and Margaret Thatcher in the UK Thatcher transformed Great Britain much more than Reagan did the US Opening of trade and capital markets accelerates during the 70's ad also technological change (Leads to globalization) Tools with which governments used to manage economies diminished during the globalization period Keynesian approaches to government tended to fail during globalization because when the government put money in people's hands they wouldn't necessarily spend it on domestic goods Monetary policy is a problem because of globalization because money tends to flow out
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This note was uploaded on 04/13/2008 for the course POLISCI 357 taught by Professor Kaufman during the Spring '08 term at Rutgers.

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CPE Notes Feb 20 2008 - CPE NOTES FEB 20 2008 King and...

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