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plsc 3389 > IPE Ch3 > Flashcards

IPE Ch3 Flashcards

1
Q

What is International Political Economy?

A

“what” is being studied; the field of study focusing on inter/transnational actors & issues

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2
Q

IPE

A

“verb”; method of inquiry to explain global processes

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3
Q

What are the 4 dominant IPE perspectives?

A

constructivism, economic liberalism, mercantilism, & structuralism

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4
Q

What is the primary focus of mercantilism?

A

Accumulating power & wealth in order to protect one state from the harm or influence of another (primarily through trade)

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5
Q

What does structuralism value?

A

Social equality & state ownership (rooted in marxist analysis)

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5
Q

What is another name for mercantilism?

A

Economic nationalism

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6
Q

What does constructivism focus on?

A

Understanding the driving forces behind actors behaviors & interests

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7
Q

What does economic liberalism focus on?

A

Markets

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7
Q

What are the 2 groups of economic liberalism?

A

Heterodox and orthodox

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8
Q

What do heterodox economic liberals believe?

A

They want more trade regulations & protections

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9
Q

What do orthodox economic liberals believe?

A

The want traditional free markets & trade

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10
Q

What are the 4 levels of IPE analysis?

A

individual, state, international, & global

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11
Q

What is a zero-sum outlook?

A

The belief that absolute gains for one state are absolute losses for another (I only win if everyone else loses)

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12
Q

What is a nation?

A

Collection of people who group themselves together based on shared cultural factors (ethnic background, language, etc)

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12
Q

What kind of economic power is more likely to result in an open trading structure?

A

Hegemonic (dominant/ruling in political/social contexts)

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12
Q

What is a theory?

A

A set of laws & propositions about how the world works

12
Q

What are the 4 major state interests?

A

Political power, aggregate national income, economic growth, & social stability

13
Q

What is a state?

A

The legal identity of a nation; able to exercise physical force in society & have sovereignty within a given territory

13
Q

What is the most important factor in the IPE?

A

Power!

14
Q

What is the goal of most states?

A

To maximize their power

14
Q

__ of __ - How power is distributed throughout systems

A

Balance of power

14
Q

Which philosopher said that a powerful state is necessary to protect individuals?

A

Hobbes

14
Q

If there is a good balance of power, there is less __?

A

war

15
Q

What does the Hegemonic Stability Theory State?

A

If you want an open & strong economy w/ good trade, a hegemonic system is essential

15
Q

Why is power such an important factor in intl. politics?

A

Because there is no central authority or world government

16
Q

Hegemons (single dominant states) are more likely to keep the international system __?

A

stable

16
Q

How do idealists look at the world?

A

As it ought to be

17
Q

What is one essential economic factor for hegemons?

A

Having a strong economy (especially currency)

17
Q

Governance

A

Process of governing (broad, relies on cooperation, relationships, etc)

17
Q

How do realists look at the world?

A

As it currently is

18
Q

For the global market to function, __ must be respected?

A

Contracts (if there is no obedience to rule of law, there will be trouble)

18
Q

Markets always produce positive & negative __ as a result of producing/consuming goods?

A

Externalities

18
Q

What is an example of an externality?

A

Pollution (neg), Research & Development (pos)

18
Q

What is an externality?

A

A side effect/consequence of the production/consumption of a good

19
Q

Government

A

Office/function of governing, (less broad, involves elections, societies, etc

19
Q

A state can also be defined as a __ __ __?

A

Unitary national actor

20
Q

How does a unitary national actor behave?

A

As a single entity, and with its own interests at heart

21
Q

Define NGOs (with examples)?

A

Non-governmental organizations operate independently of governments and work to address political issues (Red Cross, Amnesty)

22
Q

Define IGOs (with examples)?

A

Inter-governmental organizations: Groups of members (sovereign states/countries) working together on issues of mutual self-interest (Model UN)

plsc 3389 (1 decks)

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