Please enable JavaScript.

Coggle requires JavaScript to display documents.

The Nation-State, Reading 9: Gilpin, CHAPTER FOURTEEN The Nation-State in…

- - - - taxation and government expenditures.
        
        Through lowering or raising taxes and/or increasing or decreasing
        national expenditures
    - - works through its determination of the size and velocity of a nation’s money supply
        
        the national
        level of interest rates;
        
        a low interest rate stimulates economic
        growth, a high rate depresses it
      - The mechanisms employed to conduct monetary policy have not
        been seriously affected by globalization
    - - independent monetary policy and
        freedom of capital movements
      - sacrifices exchange rate
        stability
    - - a common currency
      - fixed exchange rates
- - - - economic and political developments
- - - - the form of the greatly increased
        speed and absolute magnitude of economic flows across national borders
        
        North
        America, Western Europe, and Pacific Asia
        
        The largest portions of foreign direct investment flows
        
        “law of
        one price.”
        
        lowered economic barriers
      - a shift in industrialized countries
        from manufacturing to services
        
        revolutionary technological
        developments