The End Of The World

Question 1

What is keeping the world from being perfectly integrated?

Answer 1

Investments biased to home country, labor flow restricted, borders & shifting laws have stopping power.

Question 2

What is the Intl Trilemma of trade

Answer 2

Pick 2: independent monetary policy, fixed exchange rates, open capital account

Question 3

What is the Trilemma of politics?

Answer 3

Pick 2: intl Econ integration, nation states, mass politics

Question 4

What is global federalism

Answer 4

Having a intl. govt take care of the intl economy(relocating politics to the super national)

Question 5

What is another way to have full integration of economies?

Answer 5

Create really open economies with the golden straight jacket. Economy grows and politics shrinks

Question 6

Where does the author predict we are headed eventually

Answer 6

Global federalism b/c labor unions & environmentalists& multinational corps will all want it

Question 7

What does Ferguson say about the end of nations?

Answer 7

It’s almost always economic and sudden. We operate on the verge of collapse all the time. Greece could happen here. We still haven’t fixed the problems from 2008

Question 8

What does the cyclical theory of demise say is usually the cause

Answer 8

Imperial overreach(or environmental overreach today)