Realism emphasizes power and the national interest and generally directs more
attention to security than economic issues.
Liberalism, which is more concerned with socioeconomic issues, has therefore been
the dominant perspective in IPE.
Russia enters two extremely distinct phases during the last twenty years or so. The first noncommunist government occurred under the presidency of Boris Yeltsin, a period which fit the
criteria of democracy (more or less); free elections, competing
April 9th Post Communism
Former Soviet and satellite countries of Eastern Europe
Were going to be talking about the situation these countries find themselves in and their
respective abilities at developing capitalistic societies. Time for some background:
This course changes from comparative to domestic political economy.
What caused the shift towards the left? It was not because of an ideological shift and
while high inequality is persuasive, LA had experienced
q1 kuw2 many, many years of inequa
The rise of left-wing political parties and left-wing governments in Latin America is a topic Ive
talked about a lot. The Chavez regime is of special concern.
Why did so many Latin American countries turn to leftist parties in the 2000s?
2/15/12 Trade Regimes
International trade has grown considerably since WW2, as countries trade increasingly with one
another since that long time period. In general, trade policy among all countries has become more
and more open; over the 50s/60s/70s, tra
Lecture 6 2/6/12
In terms of fiscal policy, some argue that in the short term deficit running is necessary to promote
employment, but over the long-term this behavior is not sustainable. In terms of monetary policy,
short-term money printing helps investm
Lecture 4 1/30/12
Economic policy tools: how do governments manage capitalist economies?
- Fiscal Policy
- Monetary Policy
- Exchange Rate Policy
Governments always have some kind of management role, and while its true that they may
mismanage and misuse t
Lecture 3 1/25/12
Last Time: International Architecture
This time: theoretical interpretations of the interest and power relations that underlie this
- Who wins and loses; what kinds of resources
- What are the policy implications,
1/23/12 Lecture 2
International Architecture of the International System
Premise: Political power and economic interests determine rules that regulate international trade
Post-War System established by victorious powers, domina
State sovereign territorial unit
Market a coordinating mechanism where buyers and sellers exchange goods and
services at prices and output levels determined by supply and demand.
Canada-U.S. Free Trade Agreement (CUSFTA) established an open market betwe
REalists argue that financial tranactions have increased with the permission and
sometimes encouragement of the most powerful states and that these states
continue to dictate the terms for such transactions.
Liberals by contrast assert that the increased
LDCs that follow open economic policies and increase linkages with the North are
more likely to achieve successful development.
Because some LDCs such as East Asian and Latin American NIEs were successfully
industrializing, world-system theorists modifie
Polarized politics, 1955 1976
o Personist unions versus military and business
o Liberal exporters versus ISI industrialists
o Extreme policy instability
Military dictatorship (1976 - 1983) : Effort to crush labor unions imposed
Property owned by staste
Prices set by planners
Breakdown of system
Liberalization under Gorbachev
Fall of Berlin Wall 1989
Collapse and breakup of USSR 1991
DURING THE LATE 1970 AN
Final Starts at 9am
Review session last day of class
He will release the slides the end of next week before the review session.
Fyre : Political Patisanship
Neocommunist and Liberal Parties
Polarized : where neither dominates : divided government. Inv
Russia : 2 periods
Yeltsin (1991 -1999) : democratic, but highly polarized
Putin (1999-2011) : less polarized, but increasingly less democratic
Appointed as prime minister under yeltsin
In 2008 he gave way to the new president and hes prime minister a
Last time : international architecture
The time : theoretical interpretations of the interests and power relations that underlie
Who wins and loses; what kinds of resources?
What are the policy implications, and problems?
Based in highly disciplined military. Pinochet faced little opposition from within his own
Repression of labor and the left
Exclusion of centrist and right parties from access
Reduction of access to import-substituting in
Part 1. 5 essay questions of general themes in lecture or readings (1 or two pages) 5 out of
Part 2: short answer/identification: identify and discuss the significance of something 10 out
of 11: people, concepts, terms,
Part 3: true false
For example, internationalist firms that depend on exports, imports, and multinational
production pressure for global and regional trade liberalization agreements; but
domestically oriented firms threatened by import competition may oppose these
This is foreign direct investment (FDI), which involves management rights and
Portfolio investment, by contrast, is investment without control; it involves the
purchase of bonds, money market instruments, or stocks simply to realize a financial
1/18/12 Wednesday Lecture 1
Economics: the production and distribution of wealth. This is studied by economists. More
precisely, they study three aspects of the production and distribution of wealth. They are:
1. Markets: networks of demand for particular