Global political economy

Question 1

3 perspectives on global political economy

Answer 1

• Economic nationalist = realist, human nature is aggressive, TNCs are beneficial/harmful
• Liberal = human nature is cooperative, TNCs beneficial
• Critical = TNCs are exploitative, marxism, feminism, environmentalism

Question 2

Confirmation bias

Answer 2

We often identify relevant information and ignore other info, don;t get the full picture, intensely focus on your own POV and defensively hunker down when challenged so situation becomes trench warfare.

eg. social media can shape young people’s minds

Question 3

Equifinality

Answer 3

In open systems, an end state can be reached by many potential means.
eg. biological + social systems

In closed systems there is a direct cause-and-effect system between initial and final state.
eg. when a computer is turned on, the system powers up