Globalization
Define globalization?
Increasing connection between countries through tech, trade and interdependence.
What is a fixed currency?
The latest phase of globalization is associated with what?
Neoliberalism
What is currency manipulation?
Usage of mechanisms outside market to control the value of the currency?
What is the latest phase of globalization a response to?
1970 economic crisis
Neo-Marxist theories implied the world was divided into what?
Periphery and Core
How does globalization distort state priorities?
What international doctrine was first used to coordinate international currency arrangements?
Gold Standard
Is globalization global in effect?
No, as it primarily benefits the global north and creates a "rich club"
What term refers to measuring the relationship between the price that a country's exports can command versus the price a country pays for imports?
Terms of Trade