IR-Notes.docx - IR Notes Wednesday Theme Global Markets...

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IR: Notes Wednesday, October 26, 2016 Theme: Global Markets, International Institutions, Global Governance The modern world system- a world in which nations are economically and politically interdependent o Society consist of interrelated parts assembled into a system. Societies are subsystems of larger systems, with the world system being the largest. o Wealth and power differentials extends beyond individual. Not just based on economic but also social o Economic and political relations o Countries within the world system occupy three different positions of economic and political power Core- controls profitable activities Semi-periphery (i.e. Brazil) Periphery (some form of industrialization has occurred) How did the world system emerge? o Trans-Atlantic trade-oriented economy o 15 th century Europe- Asia, Africa, and eventually the New World o New World and Old World forever linked Make more money to be able to pay taxes production needed to increase o The significances of sugarcane o Mono-crop production, demand for cotton (17 th century) Economics based on single crops, which thus created the trans-Atlantic slave trade and the economy then was based off of it. o Industrialization- through the industrialization of the economy changed the norms of labor division. Capital $$$ Machinery replaced self-sufficiency and people were now working for a collective not their own family. Home based v. factory based o Industrial Revolution 1900, US, iron coal cotton 1868-1900, Japan industrial, 1945-1970 moved to the core Mass production lead to consumption Industrialization lead to the use of fossil fuels U.S. represents 22.5% of the worlds annual energy consumption
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