05262011 INTL4240

05262011 INTL4240 - May 26, 2011 INTL4240 Current Event:...

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May 26, 2011 INTL4240 Current Event: New IMF Director's Policy? Austerity Programs: a fiscal and economic policy that tries to reduce public debt with the long-term goal of making economies more healthy; makes risks of economy having too much debt lower Popular recently in Europe Keynesian Policy: for government to use countercyclical spending to stimulate demand -The role of government is to act against economic cycles -Creates infrastructure capable of growth when economy picks up again -In times of where economy is going very well, government is supposed to curve its spending 1. Collective Security 1. Not a modern idea 1. Existed all the way back to Ancient Greece 2. Alleviate security dilemma 1. both strength and weakness in national security can be provocative to other nations. If a nation is too strong, this can be provocative since “most means of self-protection simultaneously menace others.” [1] On the other hand, if a nation is too weak, “great dangers arise if an aggressor believes that the status quo powers are weak in capability or resolve." [2] Thus, directly and indirectly, both strength and weakness can upset the balance of security in international relations. 2. Provide alliance, ways to dispute peacefully 3. Provide information about capabilities 4. UN, League of Nations 2. The United Nations 1. UN were the key consequence of the League of Nations 1. The modern attempt at building a global security institution 2. UN Charter: Fundamental document 1. 1945 2. Sovereign Equality 1. All members of the UN are equal 2. Every state only has one vote, regardless of size 3. Problematic at times due to vote distortion 3. commitment of states to refrain from threatening or actually using force 1. Verbal commitment 2. Important commitment 4. commit to settle disputes by peaceful means 2. UNSC, UNGA, ECO, SOC, Trusteeship Council, ICJ, Secretariat 1. League of Nations had fewer institutions and did not cover as many aspects of world politics as the UN does 2. ICJ – the general institution that can judicate international law 3. Retaliation from international community 1. Kuwait
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05262011 INTL4240 - May 26, 2011 INTL4240 Current Event:...

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