Notes on class # 8

Notes on class # 8 - Class notes International Political...

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Class notes International Political Economy Epiphenomenal: Benefits Specialization allows us to consume and develop more goods More room for more goods Increased international trade helps countires have more variety of products More elaborated goods Greter consumtion and greater production Everyone is better off More specilaizzed jobs are created Provides some discipline to countries Bad things Kills domestic industries Other industries are going to go to areas where thye can be done more cheaply US used to be a steel maker and a ship bulder. Also chips maker. Unemployed people Major political problems Vulnerable to big shots You give up your control over the domestic policy Economic Paradox: Short term and long term benefits and costs Political Paradox: Encouragement to autarchic (North Korea) but encouragement for International Political Trade. Autarchic system: only rely in your army and in yourself. International institutions: they manage conflicts between trades and they provide aan authority and
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Notes on class # 8 - Class notes International Political...

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