Podcast
Questions and Answers
Considering the Russia-Ukraine war and its global consequences, which levels of analysis are most relevant for understanding this situation?
Considering the Russia-Ukraine war and its global consequences, which levels of analysis are most relevant for understanding this situation?
- Interstate only
- Individual, global, and interstate
- Global only
- Domestic and global only
- Domestic, interstate, and global (correct)
Which of the following is NOT typically considered a core structural component of the International Political Economy (IPE)?
Which of the following is NOT typically considered a core structural component of the International Political Economy (IPE)?
- Production and trade
- Security
- Knowledge and technology
- Neo-liberalism (correct)
- Money and Finance
Given the trade actions of President Trump involving tariffs and the responses from Canada, Mexico, and China, which levels of analysis are most applicable in examining this scenario?
Given the trade actions of President Trump involving tariffs and the responses from Canada, Mexico, and China, which levels of analysis are most applicable in examining this scenario?
- Interstate and individual only
- Individual, global, and interstate (correct)
- Global and individual only
- Interstate only
- Global and interstate only
Which of the following refers to the use of government spending and taxation policies to influence macroeconomic conditions?
Which of the following refers to the use of government spending and taxation policies to influence macroeconomic conditions?
Which perspective asserts that government intervention is necessary to address the shortcomings of unregulated free markets?
Which perspective asserts that government intervention is necessary to address the shortcomings of unregulated free markets?
Flashcards
Levels of Analysis
Levels of Analysis
A framework for examining how international actors interact, focusing on individual, state, and global factors.
Structures in IPE
Structures in IPE
The key areas shaping the global economy, including money/finance, production/trade, security, and knowledge/tech.
Inter-state relations
Inter-state relations
Actions taken by countries against each other, such as tariffs imposed by one country causing another to respond in kind.
Fiscal Policy
Fiscal Policy
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Modern Liberalism
Modern Liberalism
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Study Notes
- In February 2022, Russia launched an attack on Ukraine, resulting in war.
- The United Nations denounced Russia's invasion of Ukraine.
- Western nations have placed economic sanctions on Russia, a major exporter of gas and petrol to European nations, with Russia restricting deliveries to several European nations.
- Worldwide petrol and gas prices have gone up as a result.
- In Sudan, increased petrol prices & COVID-19 have caused stagflation.
- The levels of analysis in the Russia-Ukraine case are domestic, inter-state, and global.
- Neo-liberalism is not one of the structures in IPE (International Political Economy).
- President Donald Trump imposed tariffs on imports from Canada, Mexico, and China recently.
- Canada, Mexico, and China have retaliated against the United States after tariffs were imposed.
- China has announced they will file a complaint with the World Trade Organization against the United States.
- The levels of analysis in Trump's tariff case can be individual, global, and inter-state.
- Fiscal policy involves changes in government spending, taxation, and borrowing to achieve macroeconomic management goals.
- Modern liberalism believes in state intervention to fix free market failures.
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Description
Analysis of the Russia-Ukraine war's impact on the global economy, including rising petrol and gas prices and stagflation in Sudan. Examination of economic sanctions, trade tariffs, and the roles of organizations like the United Nations and World Trade Organization. Levels of analysis include domestic, inter-state, and global perspectives.
