Ps 120 Final

Front 1

--relationship between power and wealth (two most important themes)
--the study of the intersection of politics and economics that illuminates the reasons why changes occur in the distribution of states’ power and wealth

Back 1

International Political Economy

Front 2

—comes from liberal economy thought
--the concept in liberal economics that a state will benefit if it specializes in those goods it can produce comparatively cheaply and acquires through trade goods that it can only produce at a higher cost

Back 2

Comparative advantage

Front 3

—government is just police state; “let do”; liberal economy thought; driving force of economy is market
--commercial liberals used to describe the advantages of free-wheeling capitalism without government interference in economic affairs

Back 3

Laissez-faire

Front 4

—decrease imports and increase exports to make nation stronger; balance payment surplus by using tariff and non-tariff barriers
--a contemporary version of classical mercantilism that advocates promoting domestic production and a balance-of-payment surplus by subsidizing exports and using tariffs and non-tariff barriers reduce imports

Back 4

Neomercantilism

Front 5

measures that discriminate against imports without direct tax levies and are beyond the scope of international regulation

Back 5

Non-tariff barrier (NTB)

Front 6

—not strong enough to compete; each country has its own competitive industries; should be protected so they can develop
--a newly established industry that is not yet strong enough to compete effectively in the global marketplace

Back 6

Infant Industry

Front 7

—create barriers (tax/non-tax) to foreign trade that protect local industries from competition
--a policy of creating barriers to foreign trade, such as tariffs and quotas, that protect local industries from competition

Back 7

Protectionism

Front 8

—dominant power in world politics
--the ability of one state to lead in world politics by promoting its worldview and ruling over arrangements governing international economics and politics

Back 8

Hegemon

Front 9

the proposition that free trade and interstate peace depend on the existence of a predominant great power willing and able to use economic and military strength to promote global stability

Back 9

Hegemonic stability theory

Front 10

everyone can enjoy and no one can be excluded from (air, transportation, defense, etc.)

Back 10

Collective good

Front 11

those who enjoy the benefits of collective goods but pay little or nothing for them

Back 11

Free-rider

Front 12

the processes for determining the rate at which each state’s currency is valued against the currency of every other state, so that purchasers and sellers can calculate the costs of transnational financial transactions such as foreign investments, trade, and cross-border travel

Back 12

Monetary policy

Front 13

—sometimes more important than monetary policy
--the rate at which one state’s currency is exchanged for another state’s currency in the global marketplace

Back 13

Exchange rate

Front 14

levels of 1) credit (exports, profits from foreign investment) and 2) debts (imports)

Back 14

Balance of payment

Front 15

a system in which a government sets the value of its currency at a fixed rate for exchange in relation to another country’s currency (usually the U.S. dollar) so that the exchange value is not free to fluctuate in the global money market

Back 15

Fixed Exchange Rate

Front 16

Market forces, rather than government actions, are expected to adjust the relative value of states’ currencies to reflect the underlying strengths and weaknesses of their economies.

Back 16

Floating Exchange Rate

Front 17

pessimists who warn of the global ecopolitical implications of uncontrolled population growth

Back 17

Neo-Malthusians

Front 18

optimists who question limits-to-growth analyses and contend that markets effectively maintain a balance between population, resources, and the environment

Back 18

Cornucopians

Front 19

how political actors influence perceptions of, and policy responses to, changing environmental conditions, such as population density

Back 19

Ecopolitics

Front 20

a concept recognizing that environmental threats to global life systems are as dangerous as the threat of armed conflicts

Back 20

Environmental security

Front 21

economic growth that does not deplete the resources needed to maintain growth

Back 21

Sustainable development

Front 22

the phenomenon producing planetary warming when gases released by burning fossil fuels act as a blanket in the atmosphere, thereby increasing temperatures

Back 22

Greenhouse effect

Front 23

--the use of threats or limited armed force to persuade an adversary to alter its foreign and/or domestic policies
--Bush administration

Back 23

Coercive diplomacy

Front 24

the liberal theory that lasting peace depends on the deepening of liberal democratic institutions within states and their diffusion throughout the globe, given the “iron law” that democracies do not wage wars against one another

Back 24

Democratic peace

Front 25

the tendency of states to view the defensive arming of adversaries as threatening, and when they arm in response, everyone’s security declines

Back 25

Security dilemma