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3 Cards in this Set

  • Front
  • Back

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.