PLSC/CF 3389 Study Guide Fall 2024 PDF

PLSC/CF 3389—Fall 2024 Prof. Hollifield Study Guide for Final Exam (Key, indicative terms for multiple choice/short essay topics*) International monetary system* International reserve currency Uruguay Round...

PLSC/CF 3389—Fall 2024 Prof. Hollifield Study Guide for Final Exam (Key, indicative terms for multiple choice/short essay topics*) International monetary system* International reserve currency Uruguay Round monetary and interest rate policy Capital controls Marshall Plan Point Four of the Truman Doctrine inflation & deflation Fiat money competitive devaluations Finance International finance Public finance currency convertibility Bretton Woods system Special Drawing Rights Balance of Payments* multilateralism Current Account Sovereign debt & BOP crises* Collapse of Bretton Woods exorbitant privilege Financial mania, panic, and crash capital flight and contagion Gold Standard Interwar gold-exchange standard Bank for International Settlements Basel II & III Foreign Exchange* The Old Lady of Threadneedle Street lender of last resort speculation Relative prices Relative rates of economic growth Lombard Street The City Lloyds of London The Impossible or Unholy Trinity* Exchange Rate systems* Mercantilism IMF and IBRD Monetarism v Keynesianism Eurocurrencies Hot money Smithsonian Agreement (rates) Plaza Accord Paul Volcker Louvre Agreement Hedging and Interest Arbitrage Brexit Economic and Monetary Union (EMU) and the euro Outward v Inward Investment Jean Monnet Jacques Delors Valéry Giscard d’Estaing Petro-dollars Mario Draghi European Central Bank (ECB) Stolper-Samuelson Theorem Plaza Agreement Federal Reserve Treaty of Rome (1957) Floating Exchange Rates Purchasing Power Parity (PPP) Fixed Exchange Rates maquiladoras Foreign Direct Investment (FDI) joint venture export-led growth portfolio investment Group of Seven (G-7) and Group of 20 (G-20) NAFTA & USMCA Resource curse Foreign Corrupt Practices Act (FCPA) Four development traps (Paul Collier)* CFIUS Sovereign wealth funds remittances International migration, theories of* demographic transition Demand-pull and supply-push Forced migration UNHCR Schengen & Dublin conventions (EU) well-founded fear of persecution asylum non-refoulement jus sanguis and jus soli Chinese Exclusion Act (1882) National Origins Quota Act Hart-Celler Act (1965) IRCA (1986) H1-B & human capital the “liberal paradox”* Rights-based politics lump of labor Dilemmas of Migration Governance* “people are not shirts” brain drain/gain Migration & (human) development* Trade & migration fiscal impact of immigration GATS Mode 4 Gastarbeiter Forced migration The ‘Missing Regime’ Bracero rules of entry and exit Theories of economic growth & development* conditionality Dependencia v. modernization theory* Import Substitution Industrialization (ISI) Stages of growth (WW Rostow) Malthusianism Washington consensus liquidity and structural adjustment developmental state capitalism dual economies and informality Zaibatsu, Keiretsu, and Chaebol maquiladoras ejidos global division of labor Infant industry human development index (HDI) official reserves isolationism/economic nationalism Economies of scale MNCs and FDI* Global commodity chains Product cycle theory Transactions costs Transfer pricing Appropriability proprietary assets Political Economy of Migration (Peters) global supply chains Internalization of markets tariff jumping OLI (Ownership, Location, Internalization) pros and cons of FDI* Sullivan Amendment sustainable development global public goods technology transfers free rider problems in global governance political economy of finance moral hazard government procurement measures of development Millennium Development Goals* ODA transparency *Starred items represent possible essay topics and should be studied in detail