Lecture 2-Week 2

Lecture 2-Week 2 - October 5 2009 INTRODUCTION TO...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: October 5, 2009 INTRODUCTION TO INTERNATIONAL POLITICAL ECONOMY MEREDITH HUBER Ps 186 LECTURE 2 Current Events: • European Union —used to be “European Common Market.” Now has 27 members, mechanisms of governance has been shifted to the EU. Any treaty among the EU must be ratified by every government. Ratification is done by the National parliament; Ireland differs because it has to be put to the public. I reland has accepted the Lisbon Treaty —only Poland and the Czech Republic who have yet to ratify it. • What does this mean if the Lisbon Treaty is ratified? Power will shift to the commission center in Brussels and the European Parliament. This represents a further shift from national governance to governance at the regional level. I t was started as an economic project, now there is a basis of government in the EU—acquired European law • The changing distribution of power in the World Economy o The economic growth of China—it has established not only China’s economic position but their political as well o The EU changes the distribution of power drastically • Lisbon Treaty calls for a PRESIDENT of the European Union and provides for the appointment of a FOREIGN SECRETARY—now exists at the Union level, not just the national level. • Istanbul Turkey: Annual meeting of the World Bank and the IMF (Britton Woods “twins”) Analytical Perspectives on I nternational Political Economy : Three Key Perspectives (A way of looking at the world—understanding of how the world works) 1. Liberalism 2. Realism (statism, economic nationalism, mercantilism) October 5, 2009 INTRODUCTION TO INTERNATIONAL POLITICAL ECONOMY 3. Marxism (structuralism, historical materialism) Analytical Perspectives on I PE—Liberalism [ADAM SMITH, “Wealth of Nations”] Liberalism—the move to “liberate” economies from the hand of government, Economy would function and grow under the “invisible hand”—outcomes superior to anything dictated by government. Liberalism is understood as a perspective equivalent to US “conservatism”— the government should get out of the market. Markets will produce net-gain (positive sum gain—gains will outweigh the losses). The world is a POSITVE-SUM GAME. Government gain—gains will outweigh the losses)....
View Full Document

{[ snackBarMessage ]}

Page1 / 6

Lecture 2-Week 2 - October 5 2009 INTRODUCTION TO...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online