Week 15 Political economy1

Week 15 Political economy1 - SHOW ME THE MONEY $ $ Lecture...

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SHOW ME THE MONEY $$$ $$$$
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Lecture Outline Political economy defined Basic economic principles Controlling the flow of money The Bretton Woods system IMF World Trade Organization World Bank (IBRD)
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Political Economy Defined The study of the relationship between economies and politics
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Some Basic Principles of International Economy 1. Stability is important 1. States seek to maintain the value of currency 2. High interest rates lead to high currency value 3. States try to own their own currency so they are not vulnerable
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Two Approaches to Control the Flow of Money 1. Liberal capitalism (laissez faire) suggests open markets; little government regulation 2. Mercantilist suggests expanded exports and reduced imports; involves government management of the economy
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a new Global Economic System 1. International Monetary Fund (IMF) (Sustaining currency) 1. General Agreement on Tariffs & Trade, World Trade Organization (Open trade)
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This note was uploaded on 09/07/2010 for the course POLISCI 481 taught by Professor Frank during the Spring '10 term at CSU Sacramento.

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Week 15 Political economy1 - SHOW ME THE MONEY $ $ Lecture...

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