Midterm Review part b
Protectionism- Internal pressures to raise trade barriers (a domestic response to dislocation in
inefficient sectors of the economy)
free trade economic liberalism
Treaty and law and positive law
pacta sunt servanda- (Latin for "agreements must be kept"
geneva convention (1864,1949)- addresses non-state factors, civilians in war
UN charter (1945)- THE CHARTER CREATED THE UN AND EXPRESSES THE UNS
PURPOSE, MOST COUNT
How can money be manipulated to a states advantage?
What is the iron law of international finance?
Currency Stability is another public good
(Public Good- benefits are inexhaustible and nonexcludable)
Countries manipulate currency values (r
David Ricardo and Comparitive Advantage
Absolute advantage-can produce a good more efficiently than any other producers
Comparative advantage 0 can produce a certain good more efficiently than any other good.
Free Riding-Failure to pay for the costs of a
The Tragedy of Common Goods
The Public Good Problem in Reverse: Public Bads
How can we encourage cooperation to solve joint problems when there an individual
incentive not to cooperate?
Earths population: About 7 Billion (2012)
Earths carrying capacity?
Essentialism: Nations are biologically, psychologically or culturally natural.
Functionalism: Nations serve a purpose (over time)
Constructivism: Nations are artificial constructs
The state of nature? Animals are highly social and cooperative
October 3, 2012
Mercantilism: World as an arena for economic competition
Control of trade routes
Examples: Competition in the extraction of gold bullion (Spain and Portugal)
Competition for the control of the Spice
October 17, 2012
Three Strategies of International Cooperation
Countries will cooperate if the shadow of the future is sufficiently long.
Tit for tat: 1st round do whatever you want, 2nd round do whatever they did l
November 5, 2012
Culture and Civilization Notes
Culture and Civilization as hierachy
Noble Savage (incorrectly attributed to Jean-Jacques Rousseau) V.S. High Culture: Culture
and civilization are marks of advancement