IPE 1
This is the idea that countries with checks and balances, where public opinion has an impact on leaders' decision making, will go to war with each other less
What is Democratic Peace Theory?
These three concepts are typical tools used for protectionism
What are import quotas, tariffs, and subsidies?
This is the definition of what key concept in IR?
"A legal entity made up of two or more countries working together toward a common goal"
The following is a definition of what concept?
"Goods that cannot be possessed or consumed exclusively by those who pay for it"
what is "collective good"
THIS THEORY uses a systemic unit of analysis and believes states are interested in power and security.
What is REALISM
This is is a policy of restricting (but not eliminating)
imports in an effort to maintain or nurture and
protect the economic viability of domestic
industries.
What is protectionism?
This concept is promoted by neoliberal theorists and calls for greater economic interdependence, even though it may harm some actors
What is free trade?
Countries need to forfeit THIS in order to gain benefits from THIS kind of organization. THIS organization is a great example of blank 2.
1) sovereignty
2) Supranational organizations.
3) The European Union
Name two ways in which monetary regimes help states.
2) help states maintain their reserve currencies
3) helps states regulate the movement of international capital.
The distribution of power in the international system can be categorized into three possible configurations
unipolar, bipolar, multipolar
Due to the financial barriers imposed on a country at war (think about opportunity cost mechanism and the guns vs. butter dilemma), states who trade with each other may think twice about going to war or try to avoid it as much as possible. What is this called?
What is Economic Peace Theory?
Name a following reason that intra-regional trade in Africa and the Middle East is
substantially lower than that in Americas, Europe and
Asia because
1) there are cooperation issues between these regions,
2) there is low manufacturing and processing capacity within these states,
3) some countries may not be integrated into the international trade system
The following theory results from a world power being both willing and able to provide goods (use economic power) and security (use military strength) to promote global stability
What is Hegemonic Stability Theory?
the "global south" has roughly BLANK % of the world's population, but only BLANK % of the world's wealth
what is 85% and 20%, respectively
BLANK is a key principal of the Universal Declaration of Human Rights (UDHR).
The UDHR is considered BLANK law.
1) right to education.
2) soft law
By fashioning a system of fixed exchange rates, this 1944 agreement was designed to provide stability and expand international trade.
What is the Bretton Woods System?
The following answer is often analogized as: you don't care that others get smaller pieces of the pie, as long as yours is the biggest.
The answer related to gains of trade.
What are absolute gains of trade?
Why are there different rules for non-members when thinking about Regional Trade Agreements?
Blocs have liberal rules for member countries because these countries have cooperated and agreed to work with one another, while non-members have no risk involved.
Explain the difference between dependency theory and modernization theory?
Dependency theory: The reasons for underdevelopment and poverty in the global South can be found at the system/international level. The global North exploits the labor and resources of the global South, keeping them from developing further. Question for you: could this be a modern day version of colonialism?
Modernization theory: The reason some states are underdeveloped and impoverished is can be found at the domestic level. In order to fix their problems, countries in the global south must work to attract foreign investors and work to create a booming economy.
When a state is inflicting violence against its own people, it is called:
When a state is aiding in acts of terrorism in another context/external of its own borders, it is called:
state terrorism, state sponsored terrorism.
Name the difference between fixed and floating exchange rates and name a country that enacts each.
fixed: nominal exchange rate set firmly by a monetary authority (like the FED in the US)with respect to a foreign currency (pegged). Example: Iraq currency is fixed to the USD
floating: determined by foreign exchange markets depending on demand and supply, and it fluctuates constantly. no government interference. Example: Mexicos currency is not pegged to another currency.
The following resulted from the enactment of the Smoot-Hawley Act of 1930.
what is: hurt - other countries retaliated with their own tariffs which then greatly impacted world trade and furthered the harm of the global economic crisis
Name the three institutions of the EU
1) council of ministers
2) European commission
3) European Parliament
True or False?
A country with a gini coefficient of .743 is more equal than a country with a gini coefficient of .262?
Name a country that has a low gini and one with a high gini.
False. a number closer to 1 indicates high levels of wealth inequality within a nation, a number closer to 0 indicates less wealth inequality.
High gini: Namibia, Lesotho, Botswana, Sierra Leone, CAR, Bolivia, Haiti,
Low gini: Bosnia/Herzegovina, Denmark, Sweden, Japan, Slovakia, Czech Republic, Finland.
HARD POWER includes there three powers
Military power, industrial power, and institutional power.
!!! Hard power does NOT include economic power!!!!