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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. |
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Liberalize |
they mean to make freer and more open, i.e. make trade more free so that it can be done earlier.
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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. |
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Sanctions
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Penalties on trade or similar actions one or more countries can take against one another. |
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Sub cities
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are when government helps to pay for something.
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WTO (World Trade Organizations)
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seeks to bring developing economies into the global capitalist system. Benefit: kept peace Negative: more powerful then national governments. |
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IMF- (International Monetary Fund)
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was established to smooth world commerce by reducing foreign exchange restrictions. |
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World Bank |
given the task of making post-war development loans for infrastructure projects. |
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Kony
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is a criminal in Africa who abducts kids and uses them for sex slaves and soldiers.
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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. |