Ch. 1
Theories of GPE
Ch. 2
International Political Economy
Ch. 3
Forging a World Economy
Ch. 4
Industry, Empire, and War
Ch. 5
Growing a Global Economy
100
Emerging in Britain during the late 18th and 19th century, this perspective argued that protectionism and restriction of economic activity was actually impoverishing states.
What is the Liberal perspective.
100
This approach to understanding politics explains outcomes as the result of the choices of individual actors (states included) who are assumed to be maximizing their gains and minimizing their losses.
What is rational choice.
100
The development of banks and provision of credit was a great advance in financial history; This type of bank make takes deposits and gives loans to individuals (including corporations).
What are deposit banks.
100
This key event involved the application of machinery to production, the introduction of new energy sources to power the machines, and the reorganization of the labour force into factories.
What is the Industrial Revolution.
100
In this system, individuals and corporations own property, and the allocation of resources is largely determined by the supply and demand of the market.
What is capitalism/neoliberal capitalism.
200
Theories of this perspective stress the importance of the interests of the state in understanding activity, and argue that IPE is constituted through the actions of rational states.
What is the Economic Nationalist perspective.
200
This approach to IPE focuses on the role of formal and informal institutions in producing political outcomes. It stresses the importance of the "rules of the game".
What is Institutionalism.
200
The development of banks and provision of credit was a great advance in financial history; This type of bank makes deals between rich individuals (companies, too) to finance investments and corporate takeovers.
What are investment/merchant banks.
200
This system is the mechanism for exchanging one currency for another, and addresses three issues: the role of exchange rates the nature of reserve assets the control of capital movement.
What is the International Monetary System.
200
This system eliminates private property, and the state allocates resources through central government planning.
What is Communism.
300
Emerging in the 19th century, theories of this perspective stress the nature of oppression within and across societies and the struggle for justice wages by or on behalf of workers.
What is the Critical perspective.
300
This demonstration illustrates how some environments can lead rational actors to make decisions that lead to poor outcomes.
What is the Prisoners Dilemma
300
The development of banks and provision of credit was a great advance in financial history; This type of bank is run by the state government and is responsible for printing, distributing, and controlling the supply of money.
What are central banks.
300
The total of the value of goods and capital flowing in and out of a country.
What is the balance of payments.
300
Beginning post WWII, this process resulted in the emergence of new political and economic actors in the global economy, struggling to develop.
What is decolonization.
400
This liberal theory demonstrated that all nations can benefit from free trade even if they are not as competitive as other states.
What is the theory of comparative advantage.
400
This analysis sees beliefs and values as crucial in determining actors' interests. It stresses the need for attention to the role of ideas, norms, identities, and social understanding in guiding behaviour.
What is Constructivism.
400
The emergence of this political formation has several important consequences, including: the efficient mobilization of economic resources the destruction of trade barriers (like varying laws, tolls, currencies, and measuring systems).
What is the sovereign territorial state.
400
This international monetary system required states to: - fix their currency to in relation to a particular resource - allow the relatively free movement of this resource across state borders - allow currencies to change value in relation to each other while remaining fixed on the resource.
What is the Gold Standard.
400
This revolution: accelerated technological advancement increased the ease of financial transactions, created new economic sectors, increased agricultural yield changed the nature of warfare.
What is the Information Revolution
500
Why are there so many theories and what is the relationship between the various theories?
"Theory is always for someone and for some purpose." (O'Brien, 21)
500
This economic theory sees governments and their intervention in the market as inefficient, though they see the state playing a key role in providing public goods (like police forces) to ensure market functionality.
What is Neoclassical Economics.
500
A trade system that brought labour from Africa to the Americas for natural resource extraction, eventually bringing the resources to Europe for manufacturing, and then brought these newly manufactured goods back to Africa to trade for labour.
What is triangular trade.
500
A consequence of capitalism and state competition, this era of expansion in the late 18th and 19th century brought four significant developments: European powers enlarged their empires. Three new European states began to expand theirs Two Western, non-European states completed continental expansion and control. One Asian state began its empire-building.
What is 'new imperialism'.
500
Created in economically depressed areas to attract foreign direct investment, these operate under different economic regulations than the rest of the economy, allowing for increased profits by reducing the costs of complying with such regulations.
What are Economic Processing Zones.
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