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19 Cards in this Set

  • Front
  • Back

geopolitics

Association between states political relationship and it's geographical location

International anarchy

condition when there is no world government the sovereign nationstate is the highest authority in the international system

negotiation

bargaining process in which the parties involved try to resolve the dispute in a mutually satisfactory manner

mediation

voluntary process using an impartial party to resolve a dispute

arbitration

Authoritive dispute resolution made by an impartial party and agreed-upon by all parties involved

peace keeping

Pleason of military and civilian personnel in a conflict area is an attempt to stop Or contain hostilities or supervise the carriying out of peace agreement

trade protection

tendency of countries to safeguard their own economic sectors or industries using tariffs, quotas or other forms of trade and investment legislation

corn law

set of laws regulating the British grain trade, the abolition of these laws in 1846 opened up British agricultural trade

reciprocity

complementary or mutual behaviour among two or more actors ;view that liberalization of trade would be beneficial for all parties concerned if cooperative policies were pursuit

nondiscrimination

principle that no member of an organization should be excluded from the benefits that one member state extends to another

Uruguay round

longest found of GATT negotiations eventually leading to the establishment of the world trade organization

dispute

process by which trading disagreements between member states can be resolved by an impartial tribunal that's preventing such disputes from becoming too political or controversial

International financial and monetary system

set of rules ,institutions and agreements governing the flow of money in the international system the relative values of Currensy and the settling of accounts

Marshall

US government loan program designed to help the devastated countries of the western Europe after World War II

bilateral aid

military or government assistance given by one country to another

non-system

System of international money and finance Deborah please the Breckenwood system so called because it lacked explicit rules

debt crisis

situation in which a country is unable to meet an international debt obligation sometimes used to refer to the Latin American situation in the 1980s

Liquiddity

rate at which assets may be converted to cash

seven sisters

Group of major oil companies in the mid-20th-century esso,shell, British Petroleum ,mobil,Chevron ,golf and texoco