Economic Liberalism
Mercantilism
Structuralism
IPE Level 1
IPE Level 2
100
This economist is known for the market concept of the “Invisible Hand.”
Who is Adam Smith?
100
This political philosophy is closely related to Mercantilism but also includes physical threats to a nation. (HINT: It’s not Neomercantilism).
What is Realism?
100
Structuralism is deeply rooted in this political and economic philosophy, which includes the last name of a German economist.
What is Marxism?
100
As global markets and production have emerged, these entities have amassed annual revenues that surpass the GDP of most nation states.
What are Transnational Corporations?
100
The theory that assumes that a society’s technology determines the development of its social structure and cultural values. The term is believed to have originated from Thorstein Veblen (1857–1929), an American sociologist and economist.
What is Technological Determinism?
200
A policy or attitude of letting things take their own course, without interfering and abstention by governments from interfering in the workings of the free market.
What is Lassiez-Faire?
200
This war spurred countries to embrace Mercantilist trade policies.
What is World War II?
200
Structuralism was called referred to by another name in the 2016 presidential election.
What is Social Democracy or Democratic Socialism?
200
The series of contemporary anti-government protests in Africa and Middle East that took the world by surprise in 2010 resulting from the withdrawal of U.S. troops from Iraq and the resignation of President Mubarak (replaced by a military council).
What is the Arab Spring?
200
The philosopher Hegel introduced the process that opposing economic forces and counterforces lead to crisis, to revolution, and to the next stage of history.
What is Dialectical Process?
300
The injection of money into the economy to restore confidence in it and to stabilize it is closely tied to this economist.
Who is John Maynard Keynes?
300
This mercantilist trade tool is often used by governments in the form of policy to thwart imports and to protect exports.
What is a Tariff?
300
Economic Liberals and Mercantilists often say that Structuralism often takes from one person and gives it to another, which refers to this objective.
What is Redistribution of Income?
300
According to Global Cyber Security Structure, U.S. administrations have pursued security policies unilaterally and multilaterally. This construct is demonstrated via these three configurations of power.
What is Bipolar, Multipolar, and Unipolar?
300
Marx believed that the abstract of ideas was the engine of change resulting from cultural institutions (e.g., religion, law, morality) and related outgrowth of collective economic activity. The economic forces of our relationship to the natural, biological, and physical world drive the dialectic process which he distinctively named.
What is Historical Materialism?
400
The manipulation of the state to rig markets in such a way as to reward powerful business interests with high prices and high profits.
What is Rent-Seeking?
400
This form of Neomercantilism used complex government regulations, health and safety standards, licensing and labeling requirements, domestic content requirements that blocked certain imported goods. (HINT: It’s called NTBs)
What are nontariff barriers?
400
This value is often proclaimed by Structuralist/Socialists.
What is Equality?
400
Investments made by a company (TNCs) in production, distribution, or sales facilities in another country.
What is Foreign Direct Investment?
400
The contemporary form of exploitation via financial, production, and trade without the use of military forces tool subjugate and dominate weaker nation states.
What is Neocolonialism or Neoimperialism?
500
President Reagan’s policies of lowering taxes instead of increased spending by government would increase the money supply and generate its own demand, unleashing capital to businesses and consumers. This approach was called Reaganomics, supply-side economics, or what contemporary IPE perspective?
What is Neoliberalism?
500
Mercantilism also goes by another name that was used during the 2016 presidential election.
What is Economic Nationalism?
500
Marxism gave these specific names to the wealthy and the poor to describe the inherent issues with capitalism?
What is the Bourgeoisie and Proletariat?
500
These two global banking entities are viewed as a necessary source of capital for less developed countries (LDCs) that sink them deeper into debt and dependency on TNCs and developed nations.
What is the International Monetary Fund (IMF) and World Bank (WB)?
500
A financial tabulation of all international economic transactions involving a nation in each year. How much money flows into or out of a country annually impacts the value of its currency, interest rates, and trade policy.
What is Balance of Payments (BOP)?
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