Prompt 2thegood

Prompt 2thegood - P rompt 2 Two contrasting"ideal types...

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Prompt 2 Two contrasting "ideal types" have been proposed by scholars to describe the contemporary world economy: an "inter-national economy" model and a "globalized economy" model. Describe what distinguishes each of these two types and discuss which, in your opinion, more closely approximates the reality of the international political economy today. Defend your opinion with evidence-drawn from at least two of the issue areas (trade, money, economic development, etc.) that we have studied in this course. What distinguishes inter-national economy from a globalized economy? Inter-national economy: Contemporary world economies based on national economies, the state remains the predominant actor in Global Economic outcomes—states can still enact protectionist policies if they want, they still have sovereignty over their economic policies. This demonstrated through the IMF structure Globalized Economy: World economy exists outside of states, the weakening of the state as an actor in favor of market actors—states are losing the ability to control the market, a loss
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This note was uploaded on 06/06/2010 for the course POL S 186 taught by Professor Cohen during the Winter '10 term at UCSB.

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Prompt 2thegood - P rompt 2 Two contrasting"ideal types...

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