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30 Cards in this Set

  • Front
  • Back

Major question that international political economy asks? Why does it matter?

What explains events in the global economy?


No one state or organization controls it, so unpredictable. World is so connected that booms or busts affect everyone.

What problems did world powers set out to solve in 1944?

1. How do we prevent another great depression?


2. How do we repair war-torn Europe?

3 institutions created to manage global economy

1. International Monetary Fund


2. World Bank


3. World Trade Organization

International Monetary Fund (IMF)

- Goal: keep global financial system stable


- IMF lends money to countries


- Weighted voting: more you pay, more votes you have

World Bank

- Goal: Reduce poverty


- Loans to poor countries (initially helped Europe)

World Trade Organization

- Goal: seeks free trade among nations


- Makes sure countries follow rules and negotiate properly

Microfinacing (what is it? Goal? Downside?)

Small loan given to individual


Goal: escape poverty by establishing incomes generating activity


Downside: possibility of debt trap (taking one loan to pay off another)

Informal economy

Any work that's untaxed and unregulated

Why don't govts like informal economy?

Reduces revenues for public services, can foster crime

"Beggar thy neighbor" trade policies in 1920s/1930s

Countries put up trade barriers, devaluing their currency

What was the NIEO campaign? Why did it fail?

- New International Order


- Poor countries wanted more representation in global economy


- UNGA wasn't powerful enough to enact their agenda, and new, big govts didn't care.

Keynesians

Believe govt should play active role in economy

Neo-Liberals

Sought to leave economy to the market

3 major traditional approaches to IPE

1. Liberal: free market


2. Mercantilist: world economy is an arena among states seeking self-sufficiency. Strong states are in control.


3. Marxian: oppressor vs. oppressed (those who own means of production vs. working class)

Define war

Conflict among political groups, between sovereign States, lasts for a considerable length of time

Why is war paradoxical?

Shows best and worst in human nature (working selflessly to kill others)

3 universal characteristics of war

1. Paradoxical


2. Bring about change


3. Has rules

What do realists, pacifists, and just war theorists say about war rules?

- Realists: rules don't matter unless powerful accept them


- Pacifists: few (or no) wars are justified


- Just War: when is it okay to go to war? How should you behave during war?

Jus ad bellum

"Right to war"

2 legal ways to start wars

1. In self defense


2. As a last resort, and approved by United Nations Security Council

Jus in bello

Guideline for how to act during war

2 major rules of jus in bello?

1. Distinguish combatants from noncombatants


2. Don't cause more harm than you suffered

How is postmodernity affecting how wars are fought?

- wars using mass armies is less common


- having best weapons doesn't mean you'll win (e.g. terrorism)

Total war

Complete mobilization of human, economic, and military forces of state for victory. Few moral restraints.

3 tiers, defined by Steven Metz

1. States that are effective (economy, government). Highly stable.


2. Periodic instability. Some areas not controlled by govt. State not in danger of collapse.


3. States marked by crisis. Considerable areas where govt. has lost control.

Civil war

1. Inside a country


2. Rebel groups vs govt


3. Rebels can cause real damage

Syria

- Sunni, Shia, and Christian


- Baath party in power, rivaled by Sunni groups

Key fighters in Syria

1. Assad regime: army and security forces


2. Anti-Assad: political opposition, organized armed opposition, foreign fighters

Who supports Syria? Why?

1. Russia, China, Iran, Hezbollah


2. Russian weapon sales (material interests), Russian port at Tartus (geopolitical), Hezbollah and Iran both major Shia forces (identity reasons)

What does IR lit say about civil wars?

Civil wars last longer, foreign involvement makes them more violent, victory on one side more common than settlement