Economic Determinants of Foreign Policy
Economics and IR Theory Marxism Realism – Mercantilism Liberal Theory – Laissez Faire or Complex Interdependence
Economics Drives Foreign Policy? Imperialism MNCs Dependency Economic driver of development Military-Industrial Complex Availability of Resources Overpopulation Economic Interdependence
Models of Political Economy Economic Liberalism – Liberal Theory Socialism – Marxism Economic Nationalism – Realism, Mercantilism
The US Economy Good News/ Bad News
Trade History of Trade Relations Bretton Woods - Gold Standard Subsidies GATT WTO US responsibility
Foreign Aid National interest v. Economic need US is generous or greedy? Security Commitments trump the aid budget
Economic Sanctions Do they work? Who do they hurt? Multilateral v. Unilateral