Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
60 Cards in this Set
- Front
- Back
What economic model calls for more activist government intervention to stimulate domestic growth, protect imports, and adjust exchange rates more frequently?
|
Keynesian Economics
|
|
What was the "Washington Consensus"?
|
the policy movement in the 1990's advocating market-oriented ideas for developing nations
|
|
What is Colbertism?
|
an economic policy based on high tariffs
|
|
What does MFN mean?
|
Most Favored Nation
|
|
The Post-WWII economic system that fixed exchange rates and liberalized multilateral trade was called:
|
Bretton Woods
|
|
What are "beggar-thy-neighbor policies"?
|
competitive trade and exchange rate policies reducing imports and increasing exports
|
|
What economic philosophy dominated Globalization 1.0?
|
mercantilism
|
|
Who wrote The World is Flat, and characterized the three stages of globalization?
|
Thomas Friedman
|
|
What does the acronym VER mean?
|
Voluntary Export Restraint
|
|
What does the acronym NIC mean?
|
Newly Industrialized Countries
|
|
What is the biggest problem facing the political and economic future of the Middle East?
|
the Youth Bulge
|
|
What is an HPAE?
|
High Performing Asian Economy
|
|
Loans made to developing nations a subsidized interest rates are called ____.
|
concessional loans
|
|
Which factors were key to the development of Asia?
|
All of these answers are correct.
|
|
What is ODA?
|
Official Development Assistance.
|
|
Securely Sourced Amortization
|
Middle East and North Africa
|
|
What is financial repression?
|
A policy in which states extract savings from one sector, such as agriculture or labor, to benefit another sector, such as industry.
|
|
What does GDP mean?
|
Gross Domestic Product
|
|
What does SSA mean?
|
Sub-Saharan Africa
|
|
Juan Tokatlian's opinion of how the US should conduct its foreign policy falls into which school of thought?
|
Liberal
|
|
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 _________.
|
sterilization
|
|
What is a convertible currency?
|
currencies that are free of government controls and can be bought and sold in the foreign exchange market.
|
|
What is FDI?
|
foreign direct investment
|
|
What is quantitative easing?
|
When central banks buy long-term securities (state bonds) to lower long-term interest rates directly.
|
|
Government policies such as regulations, subsidies, price controls are _______.
|
microeconomic policies
|
|
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 ______.
|
fiscal policies
|
|
If you have a current account deficit, then ______.
|
All of these answers are true, except the one that says "None of these answers are correct.".
|
|
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.
|
liberal
|
|
What is a dirty float?
|
When exchange rates that are not fixed, but are kept within certain ranges by governments intervening, sometimes secretly, in exchange markets.
|
|
If you have a capital account surplus, then you are _____.
|
borrowing more than you are lending
|
|
What does BIS mean?
|
Bank for International Settlements
|
|
What is GATS?
|
General Agreement on Trade in Services
|
|
Which of the following rounds have failed?
|
Doha
|
|
What is productivity?
|
output per unit input
|
|
What did the Basle Accords do?
|
regulate international financial institutions
|
|
What is trade adjustment assistance?
|
cash benefits or retraining programs for workers displaced by trade
|
|
What are SWFs?
|
Sovereign Wealth Funds
|
|
According to the Nau book, what is offshore investment?
|
the production of the components of a product overseas, followed eventually by the assembly of the components abroad as well
|
|
What are GSPs?
|
General System of Preferences
|
|
What is the Hecksher-Ohlin Theory?
|
over time, trade will not only equalize world prices for products but also for labor and other factors of production
|
|
What does IGO mean?
|
Intergovernmental Organization.
|
|
What did the Montreal Protocol do?
|
Reduced chloroflurocarbons, which were harming the ozone layer.
|
|
What is the WHO?
|
World Health Organization, one of the UN's many bureaucracies. It helps to provide coordinated efforts against disease outbreaks.
|
|
What is the Council of Europe?
|
A European organization founded to promote human rights in Europe. It demands that members eliminate the death penalty and establish gay rights.
|
|
What is the "youth bulge"?
|
The demographic pattern in which a substantial percentage of the population is an given country is young, typically below the age of 15.
|
|
To what does the term "OIC" refer?
|
Organization of the Islamic Conference.
|
|
What is CEDAW?
|
UN Convention on the Elimination of All Forms of Discrimination Against Women.
|
|
What did the Kyoto Protocol attempt to do?
|
Cut greenhouse gas emissions.
|
|
What are pollution rights?
|
Credits that a country accumulates when it does not exceed its pollution cap and then trades with another country that exceeds its pollution gap.
|
|
What does David Brooks argue?
|
That the US should espouse its values loudly and carry a big stick.
|
|
In "Biblical" Non-Resistance, who has the right to bear and use arms?
|
the state, but not the Christian
|
|
Christian Pacifists such as Hermann Hoyt say that a Christian Pacifist must reject what?
|
All of these are true.
|
|
Myron Augsburger is a famous representative of which view of war?
|
total pacifism
|
|
The approach that argues that intergovernmental organizations, such as the institutions of the EU, transform state loyalties and identities directly is known as ___________.
|
neo-functionalism
|
|
Which Christians have believed that you have the right to overthrow unjust government since it does not live up to its Romans 13 job description?
|
Rembert Carter and many others
|
|
The idea that states will decline in significance as expert intergovernmental organizations solve practical problems is known as ________.
|
functionalism
|
|
Problems that can be solved by informal means, rather than institutional solutions, are known as _______.
|
coordination problems
|
|
Problems that can be solved only when parties cooperate,usually through institutional means, are called __________.
|
collaboration problems
|
|
David reacted to King Saul's persecution and unjust authority by doing what?
|
Cutting off the tip of his cloak, which he later regreted because he felt it had dishonored God's annointed ruler.
|
|
What position does Dr. Meyer hold?
|
pre-emptive war but non-rebellion
|