Lecture 5 - October 14, 2009 INTRODUCTION TO INTERNATIONAL...

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October 14, 2009 INTRODUCTION TO INTERNATIONAL POLITICAL ECONOMY MEREDITH HUBER PS 186 LECTURE 5 Current Events: Greater globalization = greater integration in the stock markets o Cross-listing of companies o Development of information technology—easier to know what is going on in the stock markets of other countries o US economy = 23% of the world’s economy Globalization has proceeded economy—in finance the farthest 10/14 DJ closes at over 10,000, 50% rise since last march Turkey’s relationship with Israel—builds relationship with Syria instead—Turkey could unite itself with the Arab nations instead of European Turkey trying to become part of the EU—but they are Muslim and poor—they would cause a drain of resources—“Islamisation of Europe” is a concern MIDTERM-Monday October 19 th 1 st part = Identification Questions: Define, Identify, Significance (3pgs)—3 out of 4 (30 points) 2 nd part= Essay Question (70 points) Will cover the first 3 weeks—through Oct 14 th in the reading VI: International Economic History—Postwar Period 1. Major developments a. Creation of new international institutions: IMF, World Bank, GATT b. Cold War, leading to two separate blocs (East-West) and the rest (Third World) c. Unprecedented economic growth d. Rise of Europe, Japan, East Asia and China e. Globalization f. Increased instability after 1971-73
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October 14, 2009 INTRODUCTION TO INTERNATIONAL POLITICAL ECONOMY 2. Post WWII period a. Began at Bretton Woods NH—Mt. Washington hotel i. 45 countries represented ii. 44 countries in alliance and 1 neutral = Argentina b. Two major institutions at B.W. i.
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Lecture 5 - October 14, 2009 INTRODUCTION TO INTERNATIONAL...

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