This is the immediate result of overproduction of goods in the world market.
Falling Prices
100
__________ respond to globalization by strengthening markets
What is Liberal Market Economies (LME)
100
Germany’s corporatist system long used tripartite agreements among business, government, and ______________ to set major social and economic policies
What is labor
100
The various institutionalized relationships in each kind of economy are complementary. The sum of the institutions is more important than any of its parts. This is ___________
What is Comparative Institutional Advantage
100
To manipulate International Trade to strengthen/shelter a particular domestic industry (through tariffs, subsidies) is
What is protectionism
200
A postindustrial country’s economic focus is on
What is Service, high technology
200
Strong anti-monopoly laws are a feature of
What is LME
200
This country starts economic reforms in the 1980s to become more like a LME
What is UK
200
Movements of capital in the form of money across international borders are known as
What is International Capital Flows
200
Countries that refuse international trade and strive for complete self-sufficiency
What is Autarky
300
Hyperglobalizers predict ___________ on economic policy
What is convergence
300
VOC claims that economic policies are influenced by
What is Type of institutions
300
In the United States, _______________ makes it difficult to pass rapid reforms
What is
1. Divided Congress
2. Federalism
300
The World Bank increasingly emphasizes
What is Good Governance
300
Promotes no barriers to trade between states
What is Free Trade
400
The debate on globalization starts in the 1970s as a response to
What is deindustrialization
400
This type of trade ensures that the producers get enough money for their work.
What is fair trade
400
This country has been extremely successful reducing inflation
What is Turkey
400
According to the “hyperglobalization” idea, globalization will eventually overwhelm the power of
What is nation-states
400
This theory is focused on absolute gains: traders gain collectively
What is liberalism
500
Hyperglobalization theory does not hold true on:
What is
1. Taxation
2. social spending
3. power of unions
500
Marginal innovation is a feature of
What is CME
500
This type of regime provides a better economic climate for investors
What is Authoritarian
500
Often, when economic growth increases, __________ either remains the same or increases.
What is inequality
500
Focus on relative gains: states must protect their interests relative to others