POLS2402 Lecture Notes 10-26-2011

POLS2402 Lecture Notes 10-26-2011 - POLS2402 Lecture Notes...

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POLS2402 Lecture Notes 10-26-2011 So the course, and the assessment, demands that you take a stand on these conceptual aspects of the questions that preoccupy political economy You might want to illustrate parts of your answer with empirical or historical examples, o E.g. – cross-national movements of finance (mainly speculative) o Internationalization of production (division of labor) o Increased trade (as % of total economic activity) But the main task is to reflect on more general, timeless, recurrent, difficult intellectual conundrums – should political institutions have the capacity to disrupt market forces? Yes – lots of possibilities or no there aren’t; use references; sense of logical argument; refer to the 3 traditions The “Beijing consensus” China’s own path (self-conscious, politically-chosen development) for integration with the international economy o In a way that preserves independence and protects other political choices (a special case of “renaissance”, neo-mercantilist political economy approach, as in Erik Reinert?) China has its own path to development that is self-conscious; attempts to preserve autonomy Alternative to Washington The Chinese ascent: an “industrious revolution”? Want an export oriented (market) with strict capital controls and forms of industrialization The role of Chinese government in development /its re-engagement with the west Early (c19th) “market-based” but non-capitalist developments (i.e. export-oriented and with controls on capital movements and the form of industrialization) Direction foreign investment is subordinated to national interests (e.g. component-parts manufacturing, joint-ventures and “learning from competitors” included in demands on foreign investors) Domestically-oriented national economy with protections (networks etc. accessible only through local intermediaries), so subordination of purely capitalist interests State-owned enterprises forced to compete with each other Major infrastructure projects
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POLS2402 Lecture Notes 10-26-2011 - POLS2402 Lecture Notes...

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