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55 Cards in this Set
- Front
- Back
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Who wrote The World is Flat, and characterized the three stages of globalization?
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Thomas Friedman
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What does the acronym VER mean?
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Voluntary Export Restraint
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What does the acronym NIC mean?
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Newly Industrialized Countries
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What economic philosophy dominated Globalization 1.0?
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mercantilism
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What was the "Washington Consensus"?
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the policy movement in the 1990's advocating market-oriented ideas for developing nations
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What does MFN mean?
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Most Favored Nation
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The Post-WWII economic system that fixed exchange rates and liberalized multilateral trade was called:
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Bretton Woods
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What are "beggar-thy-neighbor policies"?
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competitive trade and exchange rate policies reducing imports and increasing exports
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What is Colbertism?
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an economic policy based on high tariffs
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What economic model calls for more activist government intervention to stimulate domestic growth, protect imports, and adjust exchange rates more frequently?
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Keynesian Economics
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What is financial repression?
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A policy in which states extract savings from one sector, such as agriculture or labor, to benefit another sector, such as industry.
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Loans made to developing nations a subsidized interest rates are called ____.
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concessional loans
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What is the biggest problem facing the political and economic future of the Middle East?
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the Youth Bulge
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Juan Tokatlian's opinion of how the US should conduct its foreign policy falls into which school of thought?
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Liberal
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What is ODA?
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Official Development Assistance.
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What does GDP mean?
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Gross Domestic Product
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What is an HPAE?
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High Performing Asian Economy
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What does MENA mean?
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Middle East and North Africa
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What does SSA mean?
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Sub-Saharan Africa
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Which factors were key to the development of Asia?
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All of these answers are correct.
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According to the Nau book, policies affecting a government's budget that when it is in surplus stimulate the economy and when it is in deficit contract the economy are called ______.
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fiscal policies
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Government policies such as regulations, subsidies, price controls are _______.
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microeconomic policies
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If you have a capital account surplus, then you are _____.
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borrowing more than you are lending
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Noted economist Barry Eichengreen is discussed at length in this chapter (which was a good hint that he would be on and exam). His ideas about international relations could best be summarized as coming from a _________ perspective.
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liberal
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What is a convertible currency?
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currencies that are free of government controls and can be bought and sold in the foreign exchange market.
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If you have a current account deficit, then ______.
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All of these answers are true, except the one that says "None of these answers are correct.".
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What is FDI?
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foreign direct investment
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What is quantitative easing?
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When central banks buy long-term securities (state bonds) to lower long-term interest rates directly.
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What is a dirty float?
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When exchange rates that are not fixed, but are kept within certain ranges by governments intervening, sometimes secretly, in exchange markets.
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When the central bank takes action to offset the increase or decrease of local currency in circulation caused by interventions to affect exchange rates, this is called _________.
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sterilization
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What is GATS?
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General Agreement on Trade in Services
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What did the Basle Accords do?
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regulate international financial institutions
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What are SWFs?
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Sovereign Wealth Funds
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According to the Nau book, what is offshore investment?
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the production of the components of a product overseas, followed eventually by the assembly of the components abroad as well
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What does BIS mean?
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Bank for International Settlements
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What are GSPs?
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General System of Preferences
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What is trade adjustment assistance?
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cash benefits or retraining programs for workers displaced by trade
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What is the Hecksher-Ohlin Theory?
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over time, trade will not only equalize world prices for products but also for labor and other factors of production
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What is productivity?
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output per unit input
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Which of the following rounds have failed?
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Doha
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What does David Brooks argue?
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That the US should espouse its values loudly and carry a big stick.
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What is CEDAW?
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UN Convention on the Elimination of All Forms of Discrimination Against Women.
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What is the Council of Europe?
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A European organization founded to promote human rights in Europe. It demands that members eliminate the death penalty and establish gay rights.
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What does IGO mean?
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Intergovernmental Organization.
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What did the Kyoto Protocol attempt to do?
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Cut greenhouse gas emissions.
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What are pollution rights?
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Credits that a country accumulates when it does not exceed its pollution cap and then trades with another country that exceeds its pollution gap.
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What is the WHO?
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World Health Organization, one of the UN's many bureaucracies. It helps to provide coordinated efforts against disease outbreaks.
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What did the Montreal Protocol do?
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Reduced chloroflurocarbons, which were harming the ozone layer.
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To what does the term "OIC" refer?
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Organization of the Islamic Conference.
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What is the "youth bulge"?
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The demographic pattern in which a substantial percentage of the population is an given country is young, typically below the age of 15.
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In "Biblical" Non-Resistance, who has the right to bear and use arms?
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the state, but not the Christian
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The approach that argues that intergovernmental organizations, such as the institutions of the EU, transform state loyalties and identities directly is known as ___________.
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neo-functionalism
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The idea that states will decline in significance as expert intergovernmental organizations solve practical problems is known as ________.
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functionalism
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Myron Augsburger is a famous representative of which view of war?
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total pacifism
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What position does Dr. Meyer hold?
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pre-emptive war but non-rebellion
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