Political leaders domestic decisions anti corporate

Info icon This preview shows pages 13–15. Sign up to view the full content.

View Full Document Right Arrow Icon
IMF vs. Political Leaders (domestic decisions) anti-corporate anti-capitalist institutions Globalization: Mutually beneficial Costs/Benefits: Stephen Haggard NICS (Newly Industrialized Countries) Taiwan South Korea Hong Kong Singapore ISI Import substitution industrialization protectionism (communism going around so local businesses trying to protect their businesses)
Image of page 13

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

View Full Document Right Arrow Icon
February 19, 2016 Questions: What is globalization? How can we think about it? What impacts does it have on poverty and underdevelopment? How can it be shaped to better assist those in the bottom billion or less developed countries? Hudson’s Bay Company: What did HBC do to overcome tradition costs? What lessons can we apply from this historical example? Transaction Costs: What are transaction costs? How do they impact the economy? What are different ways that buyers and sellers attempt to lower these costs? How to overcome transaction costs? (How to get out of speeding ticket) Hold up $40, would police let you go? Key Idea of Rodrik: Markets are not self-correcting, self regulating, self-stabilizing, and self-legitimating (p. 22) First Wave of Globalization: Repeal of Corn Laws in England Gold standard and financial globalization (Problems with gold is can’t contract and detract the money supply) Connection with empire and imperialism Why did the first wave of globalization fail? Denise of the Gold Standard: Economic changes Wages Unemployment Rise of Unions Politics- dealing with recessions and unemployment “Democratization of economic policies” Speculation, devaluation, and capital flight (bank run problem) On week 8 next week: page 158 in globalization paradox and 161 February 22, 2016 Brenton Woods Institutions: After World War II, a new trading regime was established
Image of page 14
avoided the autarky that existed during the Depression IMF *International Monetary Fund) World Bank GATT/WTO Response to Great depression was autocracy, withdrew within themselves Part of that was made worse because of the high tariffs, retreat from free trade made Depression that much worse If one country had a financial crisis then it easily spreads to another country Examining Globalization: Questions: What are impacts of globalization? What are ways that Bhagwati defends economic globalization? Governments can give incentives to relocate for corporations Poverty February 26, 2016 Environment: March 9, 2016: Globalization: War and conflict goes down Shared interests Shared benefits Intraction State to state internal conflict NGO Limitations: NGOs are concerned with goals, tactics, constituencies, and bottom lines (Bob) Use of shaming, strategy, and mobilization (Bell) Avoid sensitive issues and create international pressure (Bell)
Image of page 15
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern