Article 13 - POLI 212

Article 13 - POLI 212 - The World Political Economy and the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The World Political Economy and the Crisis of Embedded Liberalism- the political economies of modern Western European countries are connected on an internation- al level- what happens in one states economy transcends its borders and effects another states- Keohane argues that the common forces that come from an international community/ world economy - embedded liberalism: developed by John Ruggie, it describes the popular, global economic trends that occured after WWII to the 1970s- political economic choices favoured: 1) the extensiveness of the welfare state (state, not the market, reallocates resources to individuals, firms, etc) 2) degree of liberalism or protectionism in foreign trade and international monetary policy- at this time European societies entrusted the state with a large role in liberalist economic policies and the maintenance of a welfare state (developing the living standards of its citizens)- Role of the State:- laissez-faire system (liberal foreign economic policies, little state intervention and mar-...
View Full Document

This note was uploaded on 03/03/2011 for the course POLI 212 taught by Professor Meadwell during the Spring '08 term at McGill.

Page1 / 2

Article 13 - POLI 212 - The World Political Economy and the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online