IR system
An agreement between two or more countries on trade and protections
what is a free trade agreement
The ability to produce a good at a lower cost than another trading partner
What is comparative advantage
consumption, investment, government spending, and exports
What is GDP?
This treaty has provisions for safe nuclear power technology
Stakeholders include: producers, vendors, manufacturers, transporters, retailers, and consumers
What is a supply chain?
A concept of sharing responsibilities for global issues across many states
What is Burden Sharing?
What clause authorizes the UNSC to send peacekeepers?
What is Chapter VII authority?
Group of countries with a common system of rules and regulations for trade in goods and services
What is a Customs Union?
What is protectionism?
A status given by one country that it promises to offer the same benefits to any other country that receives preferential treatment
What is most favored nation status?
A rapid increase in housing prices, driven by outsized demand and speculative practices
What is a housing bubble?
Also thought of as "Free Market Reforms," these policies, as conditions of loans, include: privatizing state-owned enterprises, cutting public sector employment or subsidies, closing tax loopholes, and devaluing a country's currency
What are Structural Adjustment Programs?
What is the spiral model?
A tool that can be used deliberately, by either a business or a government, to help stimulate the economy or maximize future earnings opportunities
What is a deficit?
Trade negotiations that were stalled due to many reasons, particularly, a shift in power from OECD nations to emerging economies and domestic political pressures limiting international policy choices
What is the Doha Round?