Midterm Flashcards
Peace of Westphalia
Established state sovereignty in europe, setting a precedency for the world. october 1648
Role of the state in a globalized world
Dominant forms of government and control over law. Cannot address all global challenges=importance diminished
global governance
NOT government, less power/orginization
think of the UN (previously the league of nations)
political globalization
political interdependencies/connections
interactions between states/nonstate actors/even people worldwide
International organizations (INOs)
Of which states are members
EU, IMF, UN, NATO, WTO, ICC (int’l criminal court)
Complex interdependence (keohane / nye)
established the idea
multiple channels of interaction+no heirarchy of interstate issues (we can face multiple)+diminished effectiveness/relevance of military
Adam Smith
father of capitalism and economics
proponent of : the free market, self interest, “the invisible hand” (if everyone works in their own self interest, that will lead to competition and growth)
Joseph Schumpeter
all about change : creative destruction under capitalism
favored capitalism and democracy (opposed social policies that would ‘undermine capitalism’)
Wallerstein’s World systems
Core, semi-periphery, periphery countries
Bretton Woods System
controlled capitalism : balance between free market and gov’t control/expenditures
Washington Consensus
fiscal discipline: Tax reform Free market Privatization Deregulation
Market globalism
the dominant ideology
- globalization (neoliberal) is inevitable and good
Steger (critique of market globalism)
- leoliberal globalization is the result of politics and NOT natural
- some profit at the expense of many
- creates democracies that are not really representative
Rodrik (trilema/capitalism 3.0)
Trilema : democracy, security, and global economic integration are not compatible. gotta try to balance
Capitalism 3.0 : moderate>hyper globalization (like krugman). Free national governments to adjust to the global economy in their own way
Stiglitz (winners and losers of glob’n)
Contries that had control before/during globalization are winners, while those who didn’t are losers. Opposes market fundamentalism (forcing laissez-faire economics onto developing economies)
Krugmans critique of globalization
opposes hyperglobalization (like rodrik) core = high tech, periphary = low tech
Amartya Sen’s development
development is freedom (see rodrik)
Colliers traps
Conflict trap
resources trap
neighbors trap
governance trap
Piketty’s inequality
inequality is a product of capitalism
tax the wealthy
state intervention
Milanovic’s inequality
growing middle class plutocracy - rule of the rich
Culture critical theory
fordism
culture –> commodities (music, movies, etc)
mass culture
Benjamin Barber’s Jihad v McWorld
Globalization leads to the homogenization of culture. The domination of the global mainstream (mcworld) –> pushback from cultural conservatives(jihad)
Homogenization vs Glocalization (Giulanotti v Robertson)
Homo’n : westernization (americanization), cultural imperialism. imbalance of cultural flows from core to periphary
Glocal’n : ppl in local cultures reinterpret global cultural products, react to globalization by strengthening their own culture (see jihad)
Hannerz
defines cosmopolitans:
Cultural diversity and coexistence
Participants in other cultures (not spectators)
Immerse in foreign cultures through media, friends, etc.
Appiah
you can be local AND cosmopolitan
global fundamentalism
Return to traditional religious values as a reaction to modernity and global culture (see jihad and glocalization)
meta analysis : counter globalization while being a result of globalization
Partners in health
healthcare as a human right
community based
addresses basic social/economic needs
Sachs
invest in everything (agriculture, infrastructure, edu, etc)
tax effectively
good governance
expand trade
^^solutions to global poverty
