POLI/INTL 105: Review Sheet Exam 3: Spring 2018

Bill Newmann

This exam is non-cumulative. Questions will refer only to items on this review sheet, to the lectures given since the second exam, and to the readings scheduled for the third exam as indicated on the syllabus.

The exam format will be the same as the previous exam. There will be 65-75 questions. You will have the entire class period to take the exam.

List of Terms:

Introduction to IPE

Civilization Timeline
Computer/Digital Revolution

Impact of Globalization and Technological Change: Late 20^th-early 21^st Century

1. Marxism vs. Capitalism: Capitalism Won

· *Collapse of USSR and communist allies

2. *East Asian strategy success: Accept Globalization

3. *Rapid Growth in Developing World

· *Biggest increase in wealth in world history

· *Massive decrease in extreme poverty

· *definition of extreme poverty ($1.25 a day)

4. *Rise of China and India

5. *Slower Growth in Industrial World

· Decline of manufacturing?

· Competition or Technology?

6. Great Recession 2008 sharpens the new argument:

· Liberal Capitalism vs. State Capitalism

*Why rapid growth in the developing world since 1990s? (Radelet)

*collapse of communism

*computer/digital/information revolution: spread of technology

*encouragement of trade/expansion of trade

*globalization means integration

*expansion of democracy

*resolution of many regional conflicts

Theories of International Political Economy:

Questions:

*what makes a nation wealthy?

*what is the proper role of government in economic activity?

*Economic Liberalism

*Adam Smith

*imports

*exports

*tariff

*quota

*non-tariff barriers

*Smith's criticism of tariffs and quotas

*Market forces

*Invisible Hand

*comparative advantage

*Free Trade (laissez-faire economics)

*MNCs?

*Economic Nationalism (sometimes called Mercantilism)

*Nationalist's views of free trade

*Alexander Hamilton

*Industrial Power and National Power

*National Power and Independence

*Friedrich List

*Mature industries vs. infant industries

*Protectionism

*Free trade among equals

*MNCs?

Economic Structuralism

*International economic division of labor

*Marxism

*Karl Marx and Friedrich Engels

*Exploitation

*Workers Revolution

*Communism

*Lenin

*Imperialism

*Command Economy

*Soviet/Chinese Communism in practice

*MNCs

Northern/Industrial Economics

Hegemonic Stability Theory

hegemonic stability theory and realism

Interwar period and lack of leadership

The Great Depression

Importance of economic leadership

Driver of the world economy

Aspects of American Hegemony

Pax Americana

1.Currency -- Bretton Woods: The Dollar

2.*General Agreement on Tariffs and Trade

*World Trade Organization

3. *International Monetary Fund and Balance of Payments

*who contributes

*IMF conditionality

4. *World Bank -- IBRD

The Developing World:

Realities of Developing World

*Colonialism

Attempts at creating wealth in the developing world

Failure of other approaches

1. Modernization

a. EDCs and LDCs

2. Nationalization

a. Failures in Latin America

b. Debt

3. Marxism

a. The results

4. *East Asian Strategy/East Asian Miracle

a. Four Tigers (Mini-Dragons)

b. Japan as Model

c. Government-business partnership

d. Open up the economy to the world trading system

e. *Foreign Direct Investment (FDI)

f. *Export Power

g. *acceptance of globalization on their own terms

5. State Capitalism

a. Chinese model

b. State Owned Enterprises and problems with them

*China as economic leader

*BRICs

Growth in Developing World, but…

Who is left out?

1. *Nations in civil war

2. *Land locked

3. *Low technology (rich or poor nations)

4. *Climate problems

5. *Health crises

6. *Rising Inequality

7. *Backlash in Developed World

Human Rights and International Environment (readings from Haynes)

*Universal Declaration of Human Rights

*Civil and Political Rights (you don’t need to know the list; just the basic difference between this and the next term)

*Economic and Social Rights (you don’t need to know the list; just the basic difference between this and the previous term)

*International Criminal Court (its purpose)

*Biodiversity (definition)

*Trans-boundary Pollution

*Kyoto Protocol

*Intergovernmental Panel on Climate Change (IPCC)

*Causes of Migration