INTB 3351 week 11 frieden

INTB 3351 week 11 frieden - Reading Study Guide INTB 3351...

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Reading Study Guide INTB 3351 History of Globalization Reading Study Guide The Emergence of the Second Global Economy Readings: Jeffrey Frieden, Global Capitalism , 321-385 1. How did the Soviet-style socialism change after the death of Joseph Stalin? How effective was this change in improving the Soviet and Eastern European economies? (pp. 323-329) How did the evolution of Chinese communism differ from the Soviet model? (pp. 329-334) 2. When and how did the Bretton Woods system end? (pp. 339-342)? What were the trends that undermined the system? (pp. 342-346) What were the forces challenging international trade and investment in the 1960s and 1970s? (pp. 346-351) 3. What was Import-Substitution Industrialization (ISI), and what kind of nations pursued it? What were the desirable and undesirable effects of ISI? How did the East Asian model differ from ISI? (pp. 351-356) 4. How did the “oil shock” of 1973 reverberate through the world economy? What were the effects on prices, interest rates, debt? (pp. 364-372) 2 5. How did a new global economy emerge from the crisis of the 1970s? Make a time line marking four or five key developments in this process. (pp. 372-385) Terms (Identify by historical significance, time, and place) Great Leap Forward (pp. 329-334) Non-tariff barriers (NTBs) (pp. 347-348) Group of 77 (p. 356) Paul Volcker (pp. 372-373) Maastricht Treaty (p. 383-384) North American Free Trade Agreement (NAFTA) (p. 385) Uruguay Round (p. 385) The Emergence of the Second Global Economy 1. The socialist world’s orderly forward march broke apart, and national paths separated. Most of Central and Eastern Europe and the Soviet Union softened the Stalinist model, providing more benefits to consumers, less favor to heavy industry, and more market- like incentives to managers and workers. The conditions of the 1960s reflected informal political and economic compromises. Socialist governments were supported by the party members and industrial managers who ran these societies. Higher wages and favored access to services privileged the urban working class. Farmers, professionals, and others were allowed to make decent livings so long as they accepted
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INTB 3351 week 11 frieden - Reading Study Guide INTB 3351...

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