Important

Question 1

What are the four Marxist dysfunctions of capitalism?

Answer 1

1). The law of disproportionality

2). law of concentration of capital

3). law of the failing rate of profit

4). the law of uneven growth

Question 2

Interlinked Assumptions of Critical Theory/Post-modernism?

Answer 2

1) reality defined by discourse

2) perspective of reality depends on the reference point of the viewer

3) reality is relative

4) discourse represents power relations

5) critical theorists seek to liberate individuals

Question 3

Assumptions of Feminist Post-modernism?

Answer 3

1). the structure of language domination has given rise to feminine and masculine sets of ideas

2). there are no biological causes of behavioral differences between men and women

3). international state of affairs largely a product of masculine ideas

4). feminine ideals are desirable because they are life-giving and male ideals are undesirable because dominating

Question 4

What are the 3 Classifications of International Political Economy by Robert Gilpin?

Answer 4

Liberalism, Mercantilism, and Marxism.

Question 5

What is Import Substitution Industrialization?

Answer 5

Infant industries protected by high tariffs and restrictions against exporting raw materials.

Question 6

What are the two cases of market failure in which intervention is required in liberalism?

Answer 6

1). depression - a constant cycle

2). monopolization

Question 7

What are the critiques of Liberalism? (IPE)

Answer 7

1) liberals separate economics from institutional and political bases.

2) international free trade has never existed without a naval hegemon.

3) economic interdependence is not symmetrical.

4) state is non-interventionalist, except when public goods are involved.

5) state non-intervention is at the cost of public.

6) assume complete information.

7) assume technological growth