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Unformatted text preview: GS Study Guide 07:34 Study Guide 2009-Key Concepts Pillar 1: Governance, Pillar 2: Markets, Pillar 3: Culture-Why keep coming back to the IT Revolution? Information a function of technology; technology a function of markets; markets a function of governance. IT reduces transaction costs ; the lower the costs, the easier it is to move things around the system. Transaction costs o 1) Search and information costs (how much time is spent; time=money) and money (i.e., subscription to Consumers Digest) you spend to find the thing you want to buy at the lowest price. o 2) Bargaining costs: (how much you lose by bargaining) i.e. you spend three days at the car dealership trying to get a better price-thats three days of some other thing you dont have) o 3) Enforcement costs: (how much it costs to be sure the contact is fulfilled) often associated with government. We are mostly interested in enforcement costs when thinking about Pillar 1; we are mostly interested in bargaining costs when thinking about Pillar 2-Not enough to say that technology has changed things. Technology always changes things. What is globalization? o Movement towards greater interdependence and integration o A social process-requires choice o Process that moves at different paces with different levels of stickiness National interest-the traditional explanation for the policies of nation-state. Assumes that it can be defined (i.e. it is objective) o At a minimum, nation-state prefers to be as independent (in choice) as possible-State based theories of international politics assume a competitive international system-Interdependence-precursor to Globalization Reflects growth in the number of links between nation-states These links reflect nation-states self-interest you wouldnt do it if it didnt benefit you Functional-they are intended to achieve some discrete goal Risk: They can create dependence-leaving a relationship imposes costs Nothing fair about them-as long as your utility increases by 1, some deal is better than no deal Complicates sovereign decision-making: now you have to take someone else into account These decisions are still Governmental Politics!-Trans-governmental politics Non-governmental politics-things that affect states but are not done by states Role of Institutions-Institutions A venue within which nation-states can interact A forum for accomplishing some discrete goal (i.e. Functionalism) Can take on their own identity (dont always) Creates possibility of weakened nation-state BUT a nation-state itself is an institution...
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This note was uploaded on 09/23/2011 for the course GLOBAL STU 1 taught by Professor Staff during the Spring '11 term at UCLA.
- Spring '11