Poly 2

Front 1

Global North

Back 1

Describes the worlds wealthy, industrialized states located primarily in the Northern Hemisphere

Front 2

Global South

Back 2

Describes less developed states located primarily in the Southern Hemisphere ...It is used instead of "Third World"

Front 3

Indigenous Peoples

Back 3

the native ethnic & cultural inhabitant populations within countries ruled by a government cnontrolled by others referred to as the "FOURTH WORLD"

Front 4

THIRD WORLD

Back 4

A Cold War term to describe LESS DEVELOPED COUNTRIES
EX: Africa, Asia, Latin America & the Caribbean

Front 5

First World

Back 5

wealthy, industrialized countries that share varying forms of DEMOCRATIC politicial instituions and developed market economies

Front 6

Second World

Back 6

during the Cold War the group of countries that embraced communism and central planning to propel economic growth

Front 7

Global South=
Global North=
Global East=
Inbetween=

Back 7

=Third World
=First World
=Second World(used during cold war)

Front 8

Least Developed of the less Developed Countries (LLDC)

Back 8

These are the most IMPOVERISHED countries in the Global South

Front 9

Global East

Back 9

Rapidly growing economies of East Asia that have made them competitors with the Global North countries

Front 10

Colonialism

Back 10

European CONQUEST of indigenous peoples and the seizure of their territories exclusivley for their gain

Front 11

Decolonization
(decolonize to soverntize)

Back 11

Acheivment of SOVEREIGN INDEPENDANCE by countries that were once colonies of the great powers

Front 12

Nonstate Nations

Back 12

national or ethnic groups STRUGGLING TO OBTAIN POWER

Front 13

Neocolonialism
(neoconomize your ass!)

Back 13

ECONOMIC rather than MILITARY domination of foreign countries

Front 14

Mercantilism
(Me cant import, me must export)

Back 14

a government trade strategy for getting state wealth and power by ENCOURAGING EXPORTS and DISCOURAGING IMPORTS

Front 15

Classical Liberal Economic Theory
(liberate when you regulate)

Back 15

Adam Smith's idea that about the forces of SUPPLY and DEMAND in the marketplace focusing on the benefits of MINIMAL government regulation of the economy and trade

Front 16

Laissez-faire economics
(Frenchy likes it free!))

Back 16

principal of FREE MARKETS and FREE Trade to give people free choices with little government regulation

Front 17

Spheres of Influence

Back 17

an area DOMINATED by a GREAT POWER

Front 18

World Systems Theory
System divides rich & raw

Back 18

the widening INEQUALITY among states is explained by capitalisms international DIVISON of LABOR and production wich allows for wealthy countries to get RICHER and the peripheral states that supply raw materials and cheap labor become POORER

Front 19

Realpolitik
(Real power and wealth to dominate everyone else)

Back 19

Routlook that countries should INCREASE their POWER and WEALTH in order to COMPETE and DOMINATE other countries

Front 20

Gross National Income (GNI)

Back 20

Measure of the production of goods and services within a given time period- measures production by a states citizens or companies, regardless of where the production occurs

Front 21

Development
(develop my needs)

Back 21

economic and political processes through which a country develops to increase its capacity to meet its citizens BASIC HUMAN NEEDS and RAISE their STANDARD OF LIVING

Front 22

Modernization
(Mo production, mo technology, mo education means MO MONEY)

Back 22

View popular in the GLOBAL NORTHS LIBERAL DEMOCRACIES that wealth is created through efficient production, free enterprise and free trade, and that countries relative wealth DEPENDS on TECHNOLOGICAL INNOVATION and EDUCATION more than on natural endowments such as climate and resources

Front 23

Dependancy Theory
(Global Capitalism SUCKS)

Back 23

Says that less developed countries are exploited because global capitalism makes them dependant on the rich countries that create EXPLOITIVE RULES for trade production

Front 24

DUALISM
(One rich one poor, same place)

Back 24

the SEPARATION of a country into 2 sectors the first modern and prosperous centered in major cities and the second at the margin neglegted and poor

Front 25

OUTSOURCING

Back 25

transfer of jobs by a corporation usually headquartered in a Global North state to a Global South state to supply trained workers at lower wages

Front 26

OUTSOURCING

Back 26

transfer of jobs by a corporation usually headquartered in a Global North state to a Global South state to supply trained workers at lower wages

Front 27

Nonalignment
(neutral nonalignment)

Back 27

rejects participating in military alliances with rival blocks for fear that formal alignment will entangle the state in unnecessary involvment in war

Front 28

neo mercantilism

Back 28

A contemporary version of classical mercantilism that advocates promotig domestic production and a balance of payment surplus by subsidizing exports and using tariffs and nontarriff barriers to reduce imports

Front 29

Liberal Internationl Economic Order

Back 29

Free trade & current stability, exchange of currencyvalues of currency relatively stable

Front 30

4 Core Values of the UN

Back 30

International Security & peace
Human rights
Economic & social Coperation

Front 31

Internatioal Monetary Fund (IMF)
(SHORT $%^& MAN)
(IMF- IM Fucked.)

Back 31

One of the 16 specialized institution in the U.N system (165 members) SHORT TERM EMERGENCY FUNDS