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U.S. International Economic Policy

as a means of emphasizing "'acting as a leader' or 'going in front.'" The basic relationship was perceived in the model as "that of the world power providing, among its range of political goods/services and through its own international economic policies and its initiatives in world arrangements, the political basis for global economic relations" (Modelski, 1982, p. 105).

Modelski's (1982, p. 109) model of alternating innovations assumed that "both global politics and global economics 'listen to the same drummer,'" and, thus, "are coordinated by the same valueprice priority system, both by being affected by, and both responding to, the same movements in social valuations. When the demand for political goods/services . . . and particular political innovations rises, the scarcity of resources . . . will increase and the general price level is likely to rise. But then as the demand for guns goes down, we would expect that to reduce pressures of an inflationary kind. For those reasons we must anticipate the demand for basic resources, hence also the general price level, to move in the same manner as the demand for political goods/services of world order. More broadly still, we would expect periods of highsaliency politics to be periods when attempts are made to improve the operations of politics through

major innovation and the launching and establishing of new political industries."

Modelski (1982, p. 109) postulated that the "actual length of these phases . . . must have some relationship to the time needed to complete a political project of world proportions or to conceive, or to launch and consolidate, a leading sector." Modelski (1982, p. 109) further postulated that "the requirements of rebalancing, of solving problems left unsolved in the previous phase, might in fact conduce to giving these structures a rough equality and the two phases comparable length."

Within this research framework, Modelski (1982, p. 110...

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U.S. International Economic Policy. (1969, December 31). In LotsofEssays.com. Retrieved 03:42, May 05, 2024, from https://www.lotsofessays.com/viewpaper/1700364.html