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International Political Economy

International Political Economy. What is IPE?. IPE= 3 Areas International Monetary System International Trade System International Investment & Finance. #1 The International Monetary System. About t he IMS. About the IMS Currency exchange Int’l Monetary Fund ( IMF ) S tability

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International Political Economy

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  1. International Political Economy

  2. What is IPE? IPE= 3 Areas • International Monetary System • International Trade System • International Investment & Finance

  3. #1The International Monetary System

  4. About the IMS About the IMS • Currency exchange • Int’l Monetary Fund (IMF) • Stability • GDP measures of monetary wealth ¤

  5. China’s Income Distribution http://www.theatlantic.com/china/archive/2013/09/mapping-chinas-income-inequality/279637/

  6. IMS: Interdependent • Connected • Income from exports • Currency value • Interest rates • Currency exchanges • 2013- $5.3 T exchanged http://www.economist.com/news/economic-and-financial-indicators/21586351-global-foreign-exchange-turnover • ~$1.45 T/ per day • 60% of global capital through 4 cities ¤

  7. #1 London #4 Paris #2 NYC #3 Tokyo

  8. IMS: GN Domination • Colonization • Post WWII US Goals • Avoid repeating Post WWI errors • GN currencies buy more • Purchasing Power Parity (PPP) • Way to compare cost • Same goods in different countries • Big Mac index

  9. #2The International Trade System

  10. About the ITS • Exchange of goods & services • 2 types of trade • Merchandise trade • Primary goods • Raw foods, fuels, fibers, minerals, water • Manufactured goods • Processed • Service trade ¤

  11. ITS: Interdependent • Global trade flows • Who relies on what exports • Outsourcing • 3rd party • Offshoring • Abroad • Reshoring • Returning ¤

  12. ITS: How States Trade Bilateral • China- Japan, Canada- UK, US- EU • US- EU trade deal-- How does this deal affect you? • Cheaper shoes • Cheaper drugs • EU cars cheaper, more available • Dairy availability • Standardize products • Headlights issue • Gas exports to EU ¤

  13. ITS: How States Trade • What’s up with cheesemakers? • Proprietary names • When is ‘feta’ really ‘feta’? • EU demanding protection • 145 food names • Often city, region origin • How does/ could this proprietary issue affect trade? • Could stop trade agreements • EU- US TTIP pact • Viewed as trade barrier • Unless trademarked (ex.: ParmigianoReggiano) ¤

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