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The 4 Most Important Things about IPE 1. What IPE is 2. The IMS 3. The ITS 4. II & IF 5. IPE & the GS.

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Presentation on theme: "The 4 Most Important Things about IPE 1. What IPE is 2. The IMS 3. The ITS 4. II & IF 5. IPE & the GS."— Presentation transcript:

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2 The 4 Most Important Things about IPE 1. What IPE is 2. The IMS 3. The ITS 4. II & IF 5. IPE & the GS

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4 # 1 What IPE IS IPE= 3 Parts 1. International Monetary System Currency exchange 2. International Trade System Exchange of goods & services 3. International Investment & Finance Funds invested abroad How funds affect states’ economies

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6 #2 The IMS 1. About the IMS Measures of monetary wealth of countries Gross Domestic Product (GDP) Gross National Product (GNP)

7 # 2 The IMS 2. IMS is interdependent In 2011, $410.6 T flowed through the system That’s about $1.1 T/ per day 60% of global capital through 4 cities  London  New York  Paris  Tokyo

8 # 2 The IMS 3. IMS is Western Dominated Colonization Post WWII US Goals Institutions International Monetary Fund (IMF) Structural Adjustment Plans (SAPs) 1 st World Bank institution- IBRD Support Western allies GN currencies = more buying power Big Mac Index India-$117/mo. ; BMcosts $1.62= ~ 3% of income

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10 # 3 The ITS 1. About the International Trade System Exchange of goods & services 2 types of trade 1. Merchandise trade Primary goods Foods, fuels, fibers, minerals, water Manufactured goods Processed 2. Service trade

11 #3 The ITS 2. ITS is Interdependent 3 countries accounted for >1/4 of world merchandise trade in 2010world merchandise trade Merchandise flow (p.3) Merchandise flow 5 countries accounted for 1/3 of world service trade in 2010world service trade Goods & Services 1913$20 Billion 2011$4.15 Trillion

12 #3 The ITS 3. ITS is Western Dominated Colonization GS focus on primary goods Uneven trade GN & Emerging Economies dominate GATT  WTO Trade as political tool Economic sanctions Policies Iran sanctions bite, but will they work?

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14 # 4 II & IF 1. About II & IF Foreign Direct Investment (FDI) MNCs Control assets  $$$ Foreign Portfolio Investment (FPI) Stocks, bonds, etc Earn dividends Countries’ ‘checking accounts’

15 # 4 II & IF 2. II & IF is Interdependent FDI and FPI increased since WWII $1.5 T FDI in 2011FDI Investment is not evenly distributed Investment

16 # 4 II & IF 3. II is Western Dominated Measured in Gross Corporate Product (GCP) Value of goods & services revenues for one year Product of post-WWII US hegemony Top 500 MNCs  80% GN80% GN

17 # 4 II & IF 3. II is Western Dominated MNCs rival states in power Wal-Mart: top for 2 nd yeartop for 2 nd year GCP of $421.8 B in 2011 Would be 24 th largest economy in world MNCs ranked with countries

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19 # 5 IPE & the GS GS =Emerging Economies & Lesser Developed Countries Africa has poorest countries in the world US (GDP per capita=ranks 10th) at ~$46,500 Average GDP per capita of poorest at $750 Burundi, Congo, Somalia at $200 GDP per capital

20 # 5 IPE & the GS Development Factors & Economy Human Development Index Health and income over 200 years Corruption and transparency

21 Thai jungle irrigation system

22 Solar cells on Turkish apartment buildings

23 GS landscaper

24 Hauling goods & people

25 Spice market, Morocco

26 Central Market, Cambodia

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28 # 1 What IPE IS 3 Main IPE Parts 1. International Monetary System Currency exchange 2. International Trade System Exchange of goods & services 2 types of trade 1. Merchandise trade Primary goods Manufactured goods 2. Service trade 3. International Investment Foreign Direct Investment (FDI) Foreign Portfolio Investment (FPI)


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