term1 Definition1term2 Definition2term3 Definition3
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Anarchy (2)
A system with a lack of a central government that can enforce rules.
The international system is anarchic.
Balance of Payments
A summary of all flows of money in to and out of a country.
Includes the current account, flows of capital and changes in reserves. (pg. 333)
Bretton Woods System
-Established the IMF, World Bank and GATT (WTO)
- A post WWII arrangement for managing the world economy/rebuilding nations devastated by WWII.
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