Содержание
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How has realismimprovedtheworldeconomy?
Aaron De Gelder Matteo Falcioni
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Realism - Introduction
The theory of Realism ComparingRealismwith 4 tenets Characteristics of Realism (In economics) Examples
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The theory of RealismEconomic view
People are self-interested, self-serving World politics/economy is a struggleagainstself-interestedstates A strugglefor power andpositionunderanarchy Each state pursuitsit’sownnationalinterests Economic power is seen as achieving power anddomination over otherstates
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ComparingRealism
Fourstruturaltenets 1. Colonialism 2. Mercantilism 3. Neo-Colonialism 4. Ethno-Nationalism
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Characteristics of these tenets
Free trade Capitalmarkets Open economies
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ExamplesFree Trade
The European Union Transatlantic Trade andInnvestment Partnership World Trade Organisation Free Trade Agreement
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ExamplesCapital Markets
Companies usecapitalmarketstoraise money for a project Stock market Bond market Example: A company needs 10000£ The company offers a 10-year bond The bond is boughtbysomeonewho wants toearn interest on the 10000£ After 10-years he gets back the 10000£ + the interest
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Open EconomiesExamples
The European Union Chile and Argentina (managedeconomyopeneconomy)
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