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42 Cards in this Set
- Front
- Back
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Autarky |
Condition of complete self sufficiency and isolation from the rest of the system |
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Bretton Woods Agreement |
Post war system of fixed exchange rates & heavy controls on private banks & other financial institutions thereby limiting their roles in international finance |
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Colonialism |
Exploitation of a weaker country by a stronger for political, strategic, or resource interests |
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Common Agriculural Policy |
EU program that provides economic benefits to argiculture in all countries in order to allow stable pricing & profits for the industry |
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Common market |
economic agreement among states intended to eliminate barriers that inhibit the movement of factors of production-labour, capital, and technology-among its members |
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Concil of EU |
man decision making institution of the EU, made up of ministers from the EU national governments |
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Court of Auditors |
Body of European union that provides financial oversight on budget, revenues, and expenditures |
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Council of Justice |
EU court, responsible for ensuring that EU legislation is evenly interpreted in all member states; can also settle legal disputes between EU entities & declare certain legal instruments as incompatible with EU law |
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Developed world |
industrialized nations that are part of a structurally integrated system of global capitalism; includes countries of western europe, north america, japan, australia, & new zealand |
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Developing world |
Nations less developed than industrialized countries & that are not part of a structurally integrated system of global capitalism |
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Diet |
Japanese parliament |
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Electoral College |
officials chosen from each state based on population who then directly elect the president & vice president, the number of officials in each stat is based on population |
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Emerging markets |
poorer economies with potential for future growth |
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EURATOM |
community created to govern atomic energy in Europe, entered into force in 1958 |
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European Central Bank |
indipendant central bank of EU that implements economic & monetary policy |
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European Cole & Steel Community |
first institutional version of European integration involving Belgium, the Netherlands, Luxembourg, France, West Germany, & Italy |
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Eauropean Parliament |
Parliamentary assembly for EU |
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Feudal system |
Political/social system based on relation between landlords & those who have permission to use land in exchange for fees, loyalty, or other commitments |
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Foreign direct investment |
investment in real foreign assets, suck as domestic structures, equipment, & organization |
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Functionalism |
Collective approach bu countrues to provide full range of social & welfare services through functionally specific international organizations |
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Hegemon |
Country with inordinate capability to uphold & protect the system |
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Imperialism |
Extension of one country's authority over an other through conquest or political and economic control |
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Institutionalism |
Belief in utlity of institutions to provide collective goods |
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International organizations |
international grouping, governmental or not, with activites in several states |
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Inter-war period |
years between the two world wars |
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Keiretsu |
business group or set of companies in Japan that work together in decision making & production to provide increased benefits for all |
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Middle power |
country that does not have greater power but has significant influence in international relations |
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non-tarrif barriers |
national content requirments on certain products or quotas on their import |
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Neo-conservative |
indivudual wanting to return to conservative values and policies |
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North Atlantic Triangle |
geographic region of Canada, US, & EU. Most significant & strateguc modes of interaction for each other; historically, relationship between Canada, US, & UK |
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Post industrial |
developed economies that maintain a high-tech/high-value economy |
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Recession |
decline in economic productivity or affluence; specifically, decline in GDP for two or more fiscal quarters |
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Regional integration |
economic/political integration in a territorial area |
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Single European Act |
Removal of non-tarrif barriers allowing free movent of goods, services, capital, & labour, ratified in 1987 |
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Subsidiarity |
priciple law of EU dictating provision of powers; states that decisions should be made at the lowest government level whenever possible |
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Supranational |
international organization/union where decision making is shared by all members |
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Tariff |
duty placed on certain imported/exported goods/services |
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Third World |
Cold War catigorization of less developed nations that are not part of a structurally integrated system of global capitalism |
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Translatlantic bargain |
post war arrangement where former great powers of europe conceded to american leadership in exchange for the latter supporting european economic & military stablility |
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Treaty of Paris |
Euro treaty of 1951 that created European Coal & Steel Community |
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Trearies of Rome |
treaty of 1958 creating the European Economic Community & European Atomic Energy Community |
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Yoshida Doctrine |
post war Japanese political & economic policy to establish a more non interventionist role in international affairs, support the US as hegemony in global system, deepen links with US, & focus on domestic economy of Japan as a means of reassembling power & influnce. Named after the postwar Prime Minister, Shigeru Yoshida |
