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40 Cards in this Set

  • Front
  • Back
Nation state-
a group of people with a shared sense of cultural identity and territoriality with the state a legal concept describing a social group that occupies a territory and is organized under common political institution
Economic integration
the process by which a group of nation-states agrees to ignore their national boundaries for at least some economic purpose
Economic union-
a degree of economic integration that goes beyond that found in a customs union an economic union eliminates both tariff and nontariff barriers to trade and finance among a group of countries
Regionalism-
a movement towards clubs or associations of nation-states in a geographic area that cooperate to achieve goals that may be very specific or very general .
Currency devaluations
• By a devaluing their currency, depreciation thus tends to achieve the effects,temporarily at least of both a trariff aid or gifts raising import prices and an export subsidy lowering the costs of exports currency changes affect the prices of all traded goods however , whereas tariffs and subsidies generally apply to one goods at time.
Dumping-
the practice of selling an item for less abroad than at home . dumping is an unfair trade practice when it is used to drive out competitors from an export market with goal of creating monopoly growth
Zero sum game( realist- mercantilist )
page 23- a gain from one makes a lost for another –
Bretton woods system 48
IMF
Central bank
the chieft monetary institution of a nation. Central banks regulate domestic financial institutions and influence domestic interest rates and exchange rate the central bank of the us is the federal reserve
Cui bono?-
who benefits ..
Euphoria
when the purpose of buying becomes to sell and take a capital gain as the price rises higer and higer
Geopolitics
• The combination of political and geographic factors that influence a nation within a IPE structure especially the security structure
Depency theory
• A theory of the relationship between industrialized nations and less developed
Constructivism
a critique of international poltical economy which argues that the structures and institutions analyzed by ipe have no intrinsic causal power distinc from the values beliefs and interests that underline them .
3 traditional theoretical perspectives of IPE central focus of each /mercantilism ,liberalism , structuralism – pg 16
• mercantilism looks at the ipe issues mainly in terms of national interest and state struggle for wealth and power
• Liberalism- rooted mainly in terms of individual interest
• Structuralism- looks at the issues in terms of how classes class interest and ultimately all of society one shaped by the dominant economic structure of society
3 elements used to define the political basis of classical socialism-pg 265-- three parts power, ideology and government .’
• power- politics
• ideology – beliefs
• government -
4 levels of analysis/ individual ,state,international system, global market pg 16/17
• System-level analysis is a "top-down" approach to studying world politics.


• State-level analysis, a second approach to understanding world politics, emphasizes the national states and their internal processes as the primary determinants of the course of world affairs.


• Individual-level of analysis focuses on human actors on the world stage. This approach begins by identifying the characteristics of the complex process of human decision making which includes gathering information, analyzing that information, establishing goals, pondering options, and making policy choices.
THIS ARUGES THAT STATES ARE NOT POLICIATL ACTORS NORMS CONSTRUCTS THAT REFLECTS
CONSTRUCTIVISM
THE AGREEMENT BETWEEN UNITED STATES AND CANADA MEXICO
NAFTA A RESULT OF FREE TRADE AREAS
THE SYSTEM OF AGRUCLUTRE ---
CAPS
According to belum and s- the most successful economics is us
true
Accoding to b – mercanislitm to protect the economiy against political forces ?page 30
malevolent mercantilism – destroy another country products make them depend on you
John steward new- limited action by the state so supplement the market and weakness PAGE 46
PAGE 46 true – john for limited action
Carl marx- the law of disproportion the problem of undercunsumpiton ---
true
Expansion is the stage of fiancé crisis
crisis by a increase in liqudidyt which provides mean to group page 158 boom is fed perhaps becoming a bubble – so most likely true
According to structurlist – the invisible hand fails the market and the ldc –
and that’s true on page 169
Process innovation and service innovation two variety of innovation process and innovation
and its false
Trademark protect the brand Wal-Mart –
copy right -expression of idea
A political economy based on a –(missing the question) -bottom up approach ?
true page 263 bottom of it -
Marketization involves the transfer of state into private hands..
.. false privatization does , marketization moves it to the market
The process innovation –is dev of lower lower cost production tecnquies – and that’s
true - 199
Hw does liberalism compare with mercantilism ---
libersalis only cares about the economy improve
Mercantilism - cares about economy ---
trade mark protect ideas- true or false ?
false copy rights do
lezzi fair of economics who created it
adam smith
what established EU in 1992
– European and coal and steal community and organization ..
what are common misconceptions about middle east terriosm 291
• Islamic terrorists are not necessarily the main groups using violence
• 2nd the mena is hardly the only region in the world where groups instrumentalize religion in pursuit of violent political goals
• historically violence has been used by movements seeking independence from colonial rule or liberation from oppression
The 8th round Uruguay became famous by
went 15 years
what replaced the gatt…./
WTO
3 analytical building blocks – state ,markets, society (page 10)
state – legal entity –well defined border ,state has to be sovereignty
hard power- military complex
soft power- human side culture beliefs influcing bk in the middle east,
markets- where goods and services are exchanged
building blocks or tools analytical
classical mercantilism
– a period of time – to achieve wealth and power for the sake of national security –