Chapter 8 Intro To Ir Vocab

Front 1

neoliberal theory

Back 1

a philosophy that mainttains that peaceful change with prosperity can be encouraged through cooperation in institutions that knit the states and peoples of the world together into a true global community

Front 2

human security

Back 2

a concept that refers to the degree to which the welfare of individuals is protected and advanced, in contrast to national security, which puts the interests of states first.

Front 3

cosmopolitan

Back 3

an outlook that values viewing the cosmos or entire world as the best polity or unit for political governance and personal identityy, as opposed to other polities such as one's local metropolis or city of rsidence

Front 4

global village

Back 4

a popular image used to describe the growth of awareness that all people share a common fate stemming from a cosmopolitan perspective that the world is an intergrated and interdependence whole.

Front 5

digital divide

Back 5

the division between the int rich North and the lack of that in the south

Front 6

information and communications technology

Back 6

the technological means through which information and communications are transferred such as the WWW

Front 7

cartel

Back 7

a convergence of independent commercial enterprises or political groups that combine for collective action, such as limiting competition or setting prices for their services

Front 8

agenda setting

Back 8

the thesis that by their ability to identify and pubicize issues, the communications media determine the problems that receive attention by governments and international organizations

Front 9

New World Information and Communications Order

Back 9

the controversial 1980 call by the less-developed global south to combat what was termed "cultural imperialism" by circumscribing the news and information disseminated by the western transnational news agencies

Front 10

IOC

Back 10

International organized crime

Front 11

global migration crisis

Back 11

a crisis stemming from the growing number of people moving from their home country to another country, straining the ability of the host countries to absorb the foreign emigrants

Front 12

externalities

Back 12

the side effects produced by choices and behaviors in one activity that alter other conditions, for some beneficialy and for others negatively

Front 13

arbitage

Back 13

the seling of one currency and purchase of another to make a profit on the changing exchange rates

Front 14

trade integration

Back 14

extent by which world trade volume grows faster than world GDP

Front 15

digital world economy

Back 15

system based on globalized electronic dept and credit transfers

Front 16

commercial liberalism

Back 16

an economic theory advocating the removal of barriers to the flow of trade and capital as a locomotive for prosperity

Front 17

capital mobility hypothesis

Back 17

the proposition that the massive movement of investment capital across state borders has led to the globalization of finance

Front 18

foreign direct investment

Back 18

purchase of stock, property, or assets in another country

Front 19

strategic corporate alliances

Back 19

cooperations between MNCs and foreign companioes in the same industry, driven byt the same movement of MNC manufacturing overseas

Front 20

virtual corporations

Back 20

agreements between otherwise competitive MNCs often temporary, to join forces and skills to coproduce and export particular products in the borderless global marketplace

Front 21

GATT

Back 21

prequel to WTO (promote international trade, lower tariffs)

Front 22

foreign direct investment

Back 22

purchase of stock, property, or assets in another country with a goal of long-term involvement in the economy of that country

Front 23

relative versus absolute gains

Back 23

now versus deferred reward