Ünite Sınavı Soruları

_________________________ is concerned with the international division of labor created by the capitalist system. It sees that the division of labor is unfair, creating categories of rich and poor people, as well as rich and poor nations, at the macro level.

A: Advanced capitalism divides people into several classes, two of which are especially important: the capitalists and the workers, or the rich and the poor. The capitalists own everything, have all the power and all the money, whereas the workers do all the work, but have no power and no money.

B: The simple formula is that industrial power equals national power and national power equals independence.

Which of the following matching is true according to expressions of A and B?

I. All economic decisions should be made by the market place and by the market place, it is meant free market.

II. Along with innovation, a division of labor is needed. Everyone finds a niche to make a living. If one loses a competition, he or she moves on to another one.

III. nations can and should be specialized in certain arenas as well.

Which approach is described by the above sentences in international political economy?

Which IPE approach argues that closing off an economy to external influences can be beneficial to growth and economic progress?