Samenvatting
Samenvatting Global Political Economy International Business
- Instelling
- Rijksuniversiteit Groningen (RuG)
Samenvatting Global Political Economy International Business
[Meer zien]Voorbeeld 3 van de 20 pagina's
Voorbeeld 3 van de 20 pagina's
In winkelwagengesponsord bericht van onze partner
Verkoper
Volgen
Voorbeeld van de inhoud
Global political economy - IBLecture 1
What is international political economy?
: an academic field of study of the interaction of economic and political phenomena across
state borders
: an interdisciplinary social science field of study that investigates, analyzes and proposes
changes in the processes of economic flows and political governance that cross over and/or
transcend national boundaries
Global political economy
- the conomic & political environment since the 1970’s
International political economy
- history of economic and political activity across states until the 1970’s
- The academic field of study
GPE and related disciplines
- economics: choice under scarcity, comparative advantage, supply and demand,
the operation of markets
- politics: states and the use of power, the machinery of the government
- international relations: causes of war, foreign policy of states, international organizations
Approaches to economics
Neo-classical economics
- central problem: allocations of scarce resources
- solution: free markets allow for mutually advantageous exchange
- individuals: rational, free, equal, fully informed, utility-maximizing
Keynesian economics
- government intervention is crucial to:
- A well-functioning economy, especially in times of depression or recession
- The provision of a wide range of public goods
Institutional economics
- highlights the role of formal institutions and informal institutions
- markets are the results of institutions
- economics is embedded in and cannot be separated from the political and social systems
Realism: the international system lacks an overarching power and states continuously
compete for power
liberalism: possibilities for cooperation among states (free trade, democracy can foster
peace)
,Different methods of GPE
Case studies
small number: why did an event happen the way it did
- detailed investigations of an event/issue to understand the causal factors/pathways
- apply insights to similar situations
- starting point for theory-building
- disadvantage: may be unrepresentative
Statistical analysis
- statistical examination of larger datasets
- example: does free trade lead to prosperity?
Rational choice
explains outcomes as the results of actors’ choices
- actors are utility-maximizers
- actors calculate the costs and benefits before choosing an action
Prisoner’s dilemma: some environments can lead rational actors to make decisions that lead
to poor outcomes
Institutionalism
- mostly used among liberal scholars
- focus on rules, institutions which shape individual decisions
ex. What explains different sorts of capitalism in anglo-american countries vs. Germany vs.
japan.
Constructivism
- norms and values not only shape states’ interests but they are identities and
therefore interests themselves
- identities explain states’
interactions Key questions:
- what are actors’ beliefs & preferences, how have they been created and how might
they change?
- how do dominant ideas come about?
, Lecture 2
3 theoretical perspectives
Liberalism (cooperation, interdependence, positive sum game)
- The Roots
- Enlightenment/industrial revolution
- individuals are rational. individuals can comprehend natural and social
laws, therefore they can improve their condition and create a just society
through cooperation and exchange
- Locke: people are good-natured and governed by reason; the role of the
government is limited to protecting property
- Montesquieu: war is a product of society
- Kant: collective action of self-interested nations can overcome anarchy
- Adam Smith: opposed mercantilism, protectionism, and restriction of
economic activity
- David Ricardo: Theory of comparative advantage (all nations can benefit from
trade). Even if a state has no absolute advantage in producing any good, it should
specialize in products for which it had a relative advantage.
- Neoliberal institutionalism: why do we see so much cooperation?
- States cooperate most of the time
- States connect through multiple channels
1. Informal interactions
2. States care about issues other than security (ex. Environment, trade)
3. States interconnected through treaties & international institutions do not
fight one another
- Assumptions
- The free markt: at the core of economic life
- Letting diverse individuals pursue their own interests -> prosperity
- Exchange & economic integration: (positive-sum game, everyone benefits)
- Key Actors
- Individuals: self-interested and rational
- The firm is a source of economic wealth
- State control distorts market and leads to economic
failure liberals are suspicious of the state
- Key Dynamics
- IPE= search for wealth
- Free markets create growth
- The role of government intervention
Keynes: government intervention is needed to solve problems such as depressions
and recessions
Hayek: government intervention can never be the solution to market imperfections
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper minjonhoogvliets. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,49. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 48756 samenvattingen verkocht
Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen