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International Political Economy

International Political Economy. The 4 Most Important Things about IPE What IPE is The IMS The ITS II & IF IPE & the GS. #1 What IPE Is. # 1 What IPE IS. IPE= 3 Parts International Monetary System Currency exchange International Trade System Exchange of goods & services

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International Political Economy

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  1. International Political Economy

  2. The 4 Most Important Things about IPE • What IPE is • The IMS • The ITS • II & IF • IPE & the GS

  3. #1What IPE Is

  4. # 1 What IPE IS IPE= 3 Parts • International Monetary System • Currency exchange • International Trade System • Exchange of goods & services • International Investment & Finance • Funds invested abroad • How funds affect states’ economies

  5. #2The International Monetary System

  6. #2 The IMS • About the IMS -Currency -GDP measures of monetary wealth

  7. #2 The IMS • Interdependence • In 2011, $410.6 T flowed through the system http://www.joneslanglasallesites.com/gcf/wp-content/uploads/2011/08/GlobalCapitalFlowQ4.pdf • ~$1.1 T/ per day • 60% of global capital through 4 cities

  8. #1 London #3 Paris #2 NYC #4 Tokyo

  9. # 2 The IMS • Western Dominated • Colonization • Post WWII US Goals • Support allies • Institutions • International Monetary Fund (IMF) • World Bank (IBRD was 1st) • GN currencies = more buying power • Big Mac Index

  10. #3The International Trade System

  11. # 3 The ITS • About the ITS • Exchange of goods & services • 2 types of trade • Merchandise trade • Primary goods • Foods, fuels, fibers, minerals, water • Manufactured goods • Processed • Service trade

  12. #3The ITS • Interdependence

  13. http://www.wto.org/english/res_e/statis_e/its2011_e/its11_world_maps_merchandise_e.pdfhttp://www.wto.org/english/res_e/statis_e/its2011_e/its11_world_maps_merchandise_e.pdf

  14. http://www.wto.org/english/res_e/statis_e/its2011_e/its11_world_maps_serv_e.pdfhttp://www.wto.org/english/res_e/statis_e/its2011_e/its11_world_maps_serv_e.pdf

  15. #3The ITS • Western Dominated • Colonization • GS primary goods • Uneven trade • GATTWTO  • Trade as political tool • Economic sanctions • Iran http://www.bbc.co.uk/news/business-19800532

  16. #4The International Investment

  17. # 4 II & IF • About II & IF • Foreign Direct Investment (FDI) • MNCs • Control assets $$$ • Foreign Portfolio Investment (FPI) • Stocks, bonds, etc. • Earn dividends • Countries’ ‘checking accounts’

  18. # 4 II & IF • Interdependence • FDI, FPI  WWII • Investment not evenly distributed, EEs http://www.economist.com/node/21543571

  19. # 4 II & IF • Western Dominated • Gross Corporate Product (GCP) • Post-WWII US hegemony • Top 500 MNCs 80% GN

  20. # 4 II & IF • Western Dominated (cont.) • MNCs’ power • Wal-Mart: Top for 2nd year • GCP of $421.8 B in 2011 • = 24th state GDP http://money.cnn.com/magazines/fortune/global500/2011/full_list/ http://www.businessinsider.com/25-corporations-bigger-tan-countries-2011-6?op=1

  21. #5IPE & the GS

  22. # 5 IPE & the GS GS =Emerging Economies & Lesser Developed Countries • Poorest in Africa • GDP p/c = $750 (ave. of 10 poorest) • Burundi, Congo, Somalia = $200 GDP p/c http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29_per_capita

  23. # 5 IPE & the GS Economic Development • General development issues • Corruption • Health • Infrastructure http://hdr.undp.org/en/statistics/hdi/

  24. Political Candidate Symbols in the Fez, Morocco Race

  25. Thai jungle irrigation system

  26. Solar cells on Turkish apartment buildings

  27. Guatemalan landscaper

  28. Electrical lines in Lima, Peru

  29. Internet Café, Belize

  30. Central Market, Cambodia

  31. Bronze shop, Morocco

  32. Hauling goods & people in Thailand

  33. Harvest transport, Peru

  34. Recap

  35. # 1 What IPE IS 3 Main IPE Parts • International Monetary System • Currency exchange • International Trade System • Exchange of goods & services • 2 types of trade • Merchandise trade • Primary goods • Manufactured goods • Service trade • International Investment • Foreign Direct Investment (FDI) • Foreign Portfolio Investment (FPI)

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