GPE midterm

Between 1650 and 1860 _____________________________ enslaved people were transported from western Africa to the Americas. Most were shipped to the West Indies, Central America, and South America, and in all their lives laid the foundation for the evolution of modern capitalism and global economy.

10-15 mil

Which of these statements is correct and a fits the structuralist/Marxist perspective about the U.S. political economy?

All of these statement are correct.

Which of the following most closely resembles Marx's definition of class?

Class is determined by ownership of capital, which can be mixed with labor to form a commodity that is profitably so

Recent worldwide protests against police racism and brutality and the toppling of statues commemorating white supremacists have little relevance to the International Relations (IR) discipline because it is a value-free science and its founding and evolution over the years have been neutral about the historical legacy of systemic racism and the enduring inequalities it has created.

False

David Ricardo, who propounded the theory of "comparative advantage", favored free international markets. Which of the following ideas about free, open markets is not associated with Ricardo?

Free trade is a zero-sum game

Which pair of political economists is associated with the global political economy perspective called "mercantilism" or "economic nationalism"?

Friedrich List and Alexander Hamilton

Which is the best statement of the relationship between wealth and power according the mercantilist thought?

National wealth creates national power, and national power secures national wealth.

The Global Political Economy discipline developed in the North American academy in the 1970s due to one of the following events:

OPEC oil crisis and oil embargo against Israel

The Global Political Economy discipline developed in the North American academy in the 1970s due to one of the following events: OPEC oil crisis and oil embargo against Israel the Cuban Missile Crisis the resignation of US President Richard Nixon the US defeat by Vietnamese Communists

OPEC oil crisis and oil embargo against Israel

Only one of these options is not correct Food is a "private good" while fisheries is a "common pool resource" Public goods are "excludable" and "rival" in consumption while private goods are "non-excludable" and "non-rival" in consumption Defense is to "public goods" as toll roads is to club goods Healthcare has the characteristics of a private good because it is rival and excludable.

Public goods are "excludable" and "rival" in consumption while private goods are "non-excludable" and "non-rival" in consumption

One of these strategic games best explains the "inhibiting fear" of engagement in situations where collaboration will produce differing costs and benefits to governments.

Stag hunt

Which of the following is not usually regarded as typical of a populist-authoritarian political leader?

Support for globalization

One of the following factors contributed to the collapse of European colonialism based on the ideology of racism and white supremacy:

The United States abolished all forms of racial discrimination and dismantled all Jim Crow laws in the country.

Which of the following statements about the views of President Reagan and Prime Minister Thatcher is incorrect? They both agreed that the United States should have an empire like Great Britain did in the nineteenth century. They both recommended selling off (privatizing) public industries to allow for more competition and competitive pricing. They both owe a lot to the ideas of Adam Smith, David Ricardo, and Milton Friedman. They both favored market deregulation.

They both agreed that the United States should have an empire like Great Britain did in the nineteenth century.

Which of the following neomercantilist policies is most likely to be viewed as malevolent, i.e., capable of causing or escalating inter-state conflicts?

Trade embargos

Alexander Hamilton advocated US government support for manufacturers instead of agriculture.

True

Greater inflows of foreign capital will be (generally) opposed by local owners of capital, and supported by local landowners and workers. Correct!

True

Notwithstanding the brilliant disquisitions of European philosophers and pronouncements of presidents and prime ministers, democratic governance from India to South Africa to the American South has emerged principally through the activism and agency of subaltern populations—those subjected to the hegemony of a more powerful class or group, especially colonial subjects, and those victimized by anti-Black racism and other forms of discrimination.

True

Pan-Africanism is a movement founded in 1900 to unite all Africans wherever they may be against colonialism, racial operation and white supremacy and to restore the humanity of people of African descent. Correct!

True

The WTO Dispute Settlement Unit is an example of institutional solutions to "free riding temptation"

True

One of these is incorrect about the gold standard in the pre-1914 world economy.

fostered increasing democratization and popular demands (i.e. full domestic employment)

U. S. president Donald Trump has promoted all of the following policies

increasing the level of U.S. trade protectionism confronting North Korea over its development of nuclear weapons and long-range missiles pulling the United States out of the Paris Accord on climate change.

Adam Smith favored "laissez-faire" policies, where individuals, guided by the "invisible hand," would produce social benefits. The invisible hand stands for

individual self-interests and choices.

Which of the following would a Marxist/structuralist reject as a mechanism of "accumulation by dispossession"?

maybe privatization of state assets

Which one of the following refers to the privately-owned assets used to produce the commodities in an economy?

means of production

A mercantilist would most likely agree with which of the following statements about trade? a.Specialization in comparative advantage benefits all the parties engaged in trade. b.A persistent trade surplus will significantly harm a country. c.Trade rules should be grounded in the principle of most favored nation treatment.

none

One of the following is not normally associated with the "global flows" across physical and virtual borders that define contemporary globalized political economy: violence/terrorism Goods and services (trade) people finance

none

One of these is not one of the typical problems of associated with the process of global integration in situations where collaboration will produce differing costs and benefits to governments: a temptation to free ride an inhibiting fear a need to find meeting points only a temptation to free ride but unwillingness to find meeting points

only a temptation to free ride but unwillingness to find meeting points

Which period of history is often called the "mercantilist period"?

the period of nation-building in Europe—roughly 1600 to 1850

The basic idea behind structuralism is that

the structure of the global political economy—namely capitalism—conditions its outcome

All of the following statements related to GPE perspectives are correct. Liberal economic values were the basis of the globalization campaign. Mercantilists view the state as the dominant actor in the international system based on the principle that it has sovereignty authority over affairs within its territory. Structuralists focus on class divisions, exploitation, and imperialism that are not unique to capitalist societies.

true

Beginning with its creation as an academic discipline, mainstream IR has been entirely honest about its ideological or geographic origins. IR is built on a profound whitewashing of history and the erasure of the contributions of previously colonized people to wealth and advancements in the West. The journal that we know today as Foreign Affairs, was the original journal for American international relations scholarship from its founding prioritized addressing the central role of colonialism and decolonization in creating the contemporary international order. While many "founding fathers" of other social sciences like Political Science, Economics, Sociology, and Psychology in the United States were members and/or leaders of KKK, the "founding fathers" of IR were advocates of non-racialism and cosmopolitanism.

IR is built on a profound whitewashing of history and the erasure of the contributions of previously colonized people to wealth and advancements in the West.

One of these statements is not correct The money for IR's early initiatives, including its first institute, London's Chatham House, came from the South African mining magnate Abe Bailey, a key ally of the imperialist and racist politician Cecil John Rhodes. The money for IR's early initiatives, including its first journals, the Round Table: The Commonwealth Journal of International Affairs, came from the South African mining magnate Abe Bailey, a key ally of the imperialist and racist politician Cecil John Rhodes. At its founding in the 19th century, the stated purpose of the Journal of Race Development, the precursor of Foreign Affairs journal, was to present ideas about the methods that "developed peoples," and specifically colonial administrators, could use to help "uplift" "backward" and "under-developed" races. In the 1920s, W. E. B. DuBois was an editor of Foreign Affairs and he used the platform to prescient prophecy that "The problem of the 20th century is the problem of the color line."

In the 1920s, W. E. B. DuBois was an editor of Foreign Affairs and he used the platform to prescient prophecy that "The problem of the 20th century is the problem of the color line."

Which of the following nations have at various times used strongly neomercantilist policies to achieve economic growth in the post-World War II era?

Japan South Korea China

Which of the following statements related to GPE perspectives is incorrect? a.Liberal economic values were the basis of the globalization campaign. b.Mercantilists view the state as the dominant actor in the international system based on the principle that it has sovereignty authority over affairs within its territory. c.Structuralists (Marxists) focus on class divisions, exploitation, and imperialism that are not unique to capitalist societies. d. Realists/economic nationalists believe the argument that states are becoming more cooperative due to converging cultural norms and values.

Realists/economic nationalists believe the argument that states are becoming more cooperative due to converging cultural norms and values.

One of the following is not part of the black/African and African American experience that helped to shape the evolution of the global order in the 19th century: Roughly 179,000 black men (10% of the Union Army) served as enlisted soldiers in 175 regiments in the US Army and another 19,000 served in the Navy from 1860-1865. President Woodrow Wilson presided over "the worst attempt at Jim Crow legislation and discrimination in civil service that [blacks] had experienced since the Civil War (W.E.B. DuBois, 1916). The Haitian Revolution (1789-1804) was a major loss of source of Western revenue that shook Napoleon Bonaparte's faith in the Western world, compelling him to unload other French "possessions" in the Americas, including the Louisiana Territory. W. E. B. DuBois and his co-founders of the Pan-Africanism Movement prevailed on the Versailles Treaty negotiators to abolish racism and grant the right of self-determination to all formerly enslaved and colonized peoples of the world.

W. E. B. DuBois and his co-founders of the Pan-Africanism Movement prevailed on the Versailles Treaty negotiators to abolish racism and grant the right of self-determination to all formerly enslaved and colonized peoples of the world.

According to Lisa Tilley & Robbie Shilliam in "Raced Markets: An Introduction," New Political Economy, vol. 23, no. 5 (2018): Modern economics was born during a time where white supremacy ran universally throughout western trade, enabling "black bodies to function as capital." Capitalism was built as an instrument of exploitation of one person to another. The antebellum American cotton empire was simultaneously a crucible for the births of industrial capitalism, finance capitalism, and the ideology of white supremacy". Liberalism Didn't Create Modern Democracy; it emerged from the activism of the oppressed or subalterns.

all

Which of these economic nationalist policy has the Donald Trump administration pursued in in the past three and half years?

not- Re-introducing market competition in the US steel and coal industries maybe Resuscitation of manufacturing and preservation of manufacturing jobs??

A mercantilist would most likely agree with which of the following statements about trade?

not-A persistent trade surplus will significantly harm a country.

Compared to liberals/neoliberals, mercantilists/economical nationalists are less likely to believe in a.the ability of markets to self-govern b.the new constitutionalism. c.all of the above. d.the efficient market hypothesis. e.the need to cut taxes on the wealthy to spur investment.

not-a... maybe c

Following the OPEC oil price hikes of the 1970s, the United States set up a strategic stockpile of which resource?

oil? (not all of above)

One of these combinations of "winners" (on the left) and "losers" (on the right) not likely to result from the devaluation/depreciation of currencies by countries engaged in international trade: exporters vs. consumers who buy imports domestic tourist industry vs. residents who holiday abroad workers gaining jobs in export industry vs. firms which buy imported raw materials those on fixed income/wages who see incomes rise faster vs. foreign exporters/tourist industry

those on fixed income/wages who see incomes rise faster vs. foreign exporters/tourist industry