week 5 - people at the top benefit a bunch, at the bottom...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Week 5 18:02 Discussion 1. Domestic Policies Become international exchange rates o Currency determines consuming/exporting etc o Purchasing and building new technology with another country Search for international resources LA wanted a metro Value of yen increased stopping programming protection: tariffs and taxes o domestic policies are part of globalization tariffs are lowers and taxes are raised Dollar value increases in US leads to better lifestyles Currency has a massive effect Massive Consumption jumpstarts economy International economics effects domestic politics 2. Capital mobility and state spending o “embedded liberalism” o “race to the bottom” developing countries making themselves more competitive, but citizens  suffer
Background image of page 1

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

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3

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

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: people at the top benefit a bunch, at the bottom they do benefit but also take some consequences Progressive Taxes o Income inequality: different effects on different groups People at the top arent worried At bottom: losing job- might not have unemployment insurance 3. Economic shocks and political stability o Loss of control & Contagion More integration equals less control Greece cant control their own fiscal because they dont have one. Too integrated Cant dig itself out Suffers from Contagion o Protests 4. War: increase or decrease? o Countries are now dependant o War would be a bad idea o Everyone needs advantage: more likely for war 18:02 18:02...
View Full Document

Page1 / 4

week 5 - people at the top benefit a bunch, at the bottom...

This preview shows document pages 1 - 4. Sign up to view the full document.

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