Beruflich Dokumente
Kultur Dokumente
Marxism
Presented by:
Marco Di Franco
Marta Gregori
Michael Wyss
Huang Wei
07/16/09 1
Table of Content
Introduction
Mercantilism
– 3 main types of Mercantilism
– Mercantilism and globalization
Marxism
– view of Capitalism
– Structuralism
Comparison of Mercantilism and Marxism
Discussion
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Introduction
IPE Perspectives
– Mercantilism
– Marxism
– Liberalism
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Mercantilism
07/16/09 4
Definition
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Types of Mercantilism
Neomercantilism since
WW II
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– Modern Neomercantilism
Classical Mercantilism
security
wealth power
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Classical Mercantilism
Main goals:
– Trade surplus
– Independence
– Wealth as a key to power
State policies:
– Protectionist trade
– Monetary measures
– Colonialism
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Economic Nationalism
Main goal:
– Internal development of the national
economy
Advocates:
– Alexander Hamilton (USA, 1755-1804)
– Friedrich List (Germany, 1789-1846)
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Economic Nationalism
State policies:
– Trade protection
– Protection of infant industries
– Promoting of domestic industries
• Subsidies internal and external
competitiveness
State policies:
– Export subsidies
– Import tariffs and quotas
– VER and NTV
– Consulting, loans, and investment promotion
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Modern Neomercantilism
„The capacity to generate wealth is as
important as the capacity to produce
military weapons“
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Statism
Mercantilism as an economic
management
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Globalization and
Mercantilism
There are two ways states can deal
with:
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Who is Karl Marx?
Born in Prussia (now Germany) 1818
Studied philosophy
Member of „Communist League“
He wrote with Engels „The
Communist Manifesto“
Studied concepts of Adam Smith
Died in 1883
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Why do we study Marxism in
the context of IPE?
07/16/09 18
Marx and crisis of capitalism
Quote:
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Marx and crisis of capitalism
Three laws
– Falling rate of profit
– Disproportionality
– Concentration
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The law of falling rate
Unemployment increases
Profit decreases
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The law of disproportionality
Overprduction
Underconsumption
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The law of accummulation
of capital
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Aspects of structuralism
Economic structure – it influences the
distribution of wealth and power
Being dependent
– Colonial dependence
– Financial-industrial dependence
– Structure of dependence
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Structuralism in Perspective
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Sources
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