-after WWII, US and others est. number of institutions to prevent future conflict
-a forum for negotiation (think of the Uruguay Round)-regularized set of mtgs and
procedures to negotiate trade treaties multilaterally
Dangers to multilateralism/WTO/ world trading system:
The assumption is that globalization and market liberalization are not inevitable. They
require constant bargaining by the state actors involved.
-regional integration/trade agreements (ex NAFTA,
Modern Trade Theory Notes
Of course, theres a possible time dimension here. Factors of production are likely to be
immobile in the short run, and mobile in the long run.
The point is that in modern trade theory, there are always some who gain, and oth
Rational Deterrence Theory: a deductive approach, draws game theory,
economics notions !
Psychlogical Theories of Deterrence: a more inductive approach, focus on nonmil actos, domestic pol constraints, misperceptions!
-Ex. Korean War: Chinese try de
Free Trade Debate
This public debate occurs in the face of a near consensus among economists (a rare thing)
over the general desirability of free trade, though they also agree that there are winners
and losers. As may be expected, the winners are ag
Midterm Study Guide
-some short answers, paragraph or two
-choice of two essays, pick 1. heres recent news article ask about concepts that
relevant to article, or other more traditional essay question about
-not obscure footnotes
-based on readings an
Gelb and Betts: Irony of Vietnam!
-Stakes vs. Leverage: as a country becomes more committed to the security of a
client, its leverage over the govt diminishes!
-ex. US in Afghan. American will be here no matter what, Karzi govt might take
Cultural Protection (France and Canada)
Labor and Environment Standards
On the face, sounds like a sensible idea. The fear is that with no standards we witness a
race to the bottom (Delaware Effect: loose credit card standards in Delaware attrac
Globalization and Trade
* know comparative trade/advantage
benefits of trade go to all consumers (very diffuse), but costs are very specific-how do
convince everyone that free trade is in best interest?
political problem: how keep promoting free trade w
War: use of force with the purpose of military defeat of an opposing
country or alliance!
War Termination: !
-Paths to War Termination:!
-Military defeat of one side-no capability to continue prosecuting the war!
-hurting stalemate and negotia