Cohn GPE Outlines

Cohn GPE Outlines - Cohns GPE Outlines Chapter 1 What is...

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Cohn’s GPE Outlines Chapter 1 What is International Political Economy? State- a sovereign territorial unit Market- a coordinating mechanism where buyers and sellers exchange goods and services at prices determined by supply and demand Infrastructure- the underlying facilities, equipment, institutions, and installations crucial for the growth and functioning of an economy Economism- an overemphasis on the importance of the economic sphere along with an underemphasis on the autonomy of the political sphere Politicism- an overemphasis on power and an underemphasis on economic structures and processes The IPE Theoretical Perspectives IR is a “self-help” system w/out a centralized authority in which states must build up their power or form alliances to prevent being dominated by others Realists see IR as zero-sum game , in which one’s state’s gain is another state’s loss, and they focus on relative gains or the gains a state achieves in relation to another state Liberals view economics as a positive-sum game , in which all states benefit, even if they do not benefit equally Purposes and Themes of this Book Globalization: Globalization -a term that refers to the broadening and deepening of interdependence among people and states throughout the world Hyper-globalists -believe that globalization involves the creation of a “borderless world” in which MNCs lose their national identities, and regional and global markets replace national economies Internationalists -recognize that interdependence in increasing but they believe that the world is no more “global” than it was in 19 th cent. Moderate Globalists -globalists who view the state as a viable actor but who differentiate international relations among states from global relations that take place without regard to territorial boundaries Globalization is not a uniform process throughout the world Globalization is not causing the state to wither away
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Globalization can result in fragmentation and conflict as well as unity and cooperation Interdependence and globalization are not unique to present-day world North-North Relations: Gross Domestic Product (GDP) -the total value of goods and services produced within a country’s borders during a given year Gross National Product (GNP) -records income according to who owns the factors of production rather than where the income is earned Gross National Income (GNI) -virtually identical to GNP, measures the value of the GNP rather than the value of the product itself North-South Relations: South includes Latin America, Asia, the Carribbean, Oceania, Africa and the Middle East Most of these countries are LDC’s, countries with lower levels of social and economic development LDC’s Low levels of social development Inadequate education facilities Health and sanitary facilities Literacy rates More likely to have unstable/authoritarian gov’ts Less influence in most international economic organizations such as the IMF, World Bank, and WTO Focus of this Book
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Cohn GPE Outlines - Cohns GPE Outlines Chapter 1 What is...

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