Global Economic Regime
Rules/norms on specific issues & The state and non-state actors involved in making and implementing those rules
What is an international regime?
Type of governance most important in WTO
What is formal governance?
This event in 1999 marked a significant moment for the anti-globalization movement
The anti-globalization protests in Seattle
The approaches to the economic development regime
What are:
- orthodox/neoliberal
- critical/alternative
The types of environmental regimes
What are the global (many countries; broad issues) and restricted (few countries; narrow issues) regimes?
Non-binding list of 30 rights presented at the UN General Assembly in 1948
The creation and implementation of rules and norms in the absence of central authority
What is governance?
IMF actors (3)
What are
- the executive board
- the managing director
- the United States
- other major stakeholders
- all other member-states
Coalitions of like-minded countries
Plurilateralism
The goal of the Millennium Development Goals (MDGs)
What is eradicate all poverty through national policies?
This meets present needs without compromising future generations
What is sustainable development?
The features of human rights (3)
1. Universal
2. Individual
3. Protected by Contract
The competing approaches in modern international political economy
What are:
- liberalism/neoliberalism
- mercantilism
- Marxist perspectives
Types of IMF decisions primarily subject to formal governance and informal governance
Informal governance: lending decisions
Formal governance: matters of general policy, institutional reforms, and constitutional changes
Who are the winners and losers of globalization in the developed and developing world
Winners: economic elites in developed world
Losers:
- Economic elites in developing countries
- Labor force in developed and developing countries
The orthodox explanation for global hunger
What is that food production cannot keep up with population growth?
This plays a central role in shaping decisions in the environmental regimes
What is scientific knowledge?
Categories of Human Security (4)
Economic, Food, Health, Environmental, Personal, Community, or Political Security
The Washington Consensus
What are policy recommendations that propose privatization, liberalization, and a limited role of government in the economy?
The 3 processes at the WTO
What are
- trade negotiations/bargaining
- dispute settlement mechanism
- accession of new member-states
According to Froman (2025), this has happened to the WTO system...
It is effectively dead
The solution that the critical approach proposes for reducing global hunger
What is rebuiling local and regional food production systems?
Prominent Environmental Regimes (3)
1. Sustainable Development
2. Genetically Modified Organisms
3. Climate Change
The liberal conception of human rights is the combination of which two philosophies
Natural Rights and Charter Rights
Bretton Woods Regimes (+goals)
IMF: manage stability of exchange rates/financial assistance
World Bank: give low-interest loans for development projects
WTO: set rules of international trade
The principle of conditionality (how was it adopted)
the set of economic policy requirements that a country must agree to implement in exchange for receiving financial assistance (loans) from the IMF (consensus between US and Western Europe)
Joseph Stiglitz’s main critique in Globalization and Its Discontents
Globalization is poorly managed by key global institutions
Reasons (2) Africa continues to face economic challenges, according to Ibrahim (2022)
According to Yergin et al (2025), instead of a true energy transition, we are experiencing ____ ____
Energy Addition
Explain the difference between 1st, 2nd, and 3rd generation rights
1. protects individuals from abuse of the state (negative rights)
2. ensures a dignified standard of living (positive rights)
3. combination of positive and negative rights (group rights)