POLS 1020 week 12 part II
POLS 1020 week 12 part II Political science 1020
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This 2 page Class Notes was uploaded by Eunji Kim on Tuesday March 29, 2016. The Class Notes belongs to Political science 1020 at Clemson University taught by Aron G. Tannenbaum in Spring 2016. Since its upload, it has received 12 views. For similar materials see Introduction to International Relations in Political Science at Clemson University.
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Date Created: 03/29/16
POLS 1020 WEEK 12 Part II The Liberal International Economic Order (LIEO) Day 2: Economic Liberalism – Free Trade Free Trade: the political economy of the LIEO LIEO Goal: Increase Global Wealth LIEO Goal: Decrease Global Conflict LIEO Method: Increase World Trade LIEO Key Terms: o Imports and exports o Tarif o Non-tarif barriers o Free Trade o Comparative advantage Key concept: Free Trade o A tarif is a tax on imports o Free trade means reducing/ending tarifs o Imports become less expensive o So more countries export more and import more LIEO Theory: Theory of comparative Advantage Free Trade destroys US jobs Free Trade creates US Jobs The LIEO and the American World Order The LIEO is the Economic Foundation for the American World Order Part of the American/Liberal World Order (Kagan) since WWII, 1945 Goal is to produce more global wealth Reflects American values in foreign afairs US is a commercial-oriented society Not religious proselytizing Not military conquest Not racial superiority o Free Trade Strengthens the Strong and Weakens the Weak o US Created LIEO-supporting international economic Institutions American politics in support of the LIEO “The Free Traders:” Who are the LIEO Winners? Multinational corporations Wall St., international bankers and financiers Some American workers and farmers Most American consumers Young people who can acquire adaptive skills The Politics of the “Free Traders” o Most (pre-Tea Party) republicans o Political conservatives o A few Democrats, including Bill Clinton and Barak Obama o Politicians from export-producing states, districts o IR Liberals American politics in opposition to the LIEO “The Protectionists:” Who are the LIEO Losers? Smaller businesses which cannot relocate abroad Most workers who are losing or fear losing jobs to ofshoring Communities, states, cities losing jobs to ofshoring Older people who are set in their ways The Politics of the “Protectionists” o Many or most democrats o Bernie Sanders and Donald Trump Hilary Clinton? o Organized labor o Many or most political liberals o Many Tea Party Republicans (?) o Politicians from job-losing states, districts o IR Realists Politics Makes strange bedfellows o Workers and consumers o Political liberals on same side as IR Realists o Political conservatives on same side as IR Liberals o Businesses that are hurt by more imports versus businesses that are helped by more exports The Curious LIEO Politics of the Carolinas o The textile industry has been nearly wiped out so white textile workers “should” have been voting against LIEO = against Republicans o But Carolinas’ voters are very socially conservative and they vote for Republicans o What gives? For Southern White Textile Workers: o Culturally conservatives values (vote republican) trumped o Economic anti-free trade interests (vote Democratic)