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10 Cards in this Set

  • Front
  • Back

Protectionist

Government policies that put high taxes or barriers on trade with one or more countries in order to protect business at home or to retaliate against another country.

Liberalize

they mean to make freer and more open, i.e. make trade more free so that it can be done earlier.

Sovereignty

the power to rule or have a say over a place, i.e. national sovereignty is the power of a national government over the land in its control.

Sanctions

Penalties on trade or similar actions one or more countries can take against one another.

Sub cities
are when government helps to pay for something.
WTO (World Trade Organizations)

seeks to bring developing economies into the global capitalist system. Benefit: kept peace Negative: more powerful then national governments.

IMF- (International Monetary Fund)

was established to smooth world commerce by reducing foreign exchange restrictions.

World Bank

given the task of making post-war development loans for infrastructure projects.

Kony
is a criminal in Africa who abducts kids and uses them for sex slaves and soldiers.

Apartheid

to separate South Africa’s white minority from its non-white majority and to separate non-whites from each other, and to divide black South Africans along tribal lines in order to decrease their political power.