POL 203 Final Review
POL 203 Final Review POL 203
Popular in International Relations
Popular in Political Science
This 10 page Study Guide was uploaded by Frannie Notetaker on Monday April 27, 2015. The Study Guide belongs to POL 203 at University of Miami taught by in Spring2015. Since its upload, it has received 535 views. For similar materials see International Relations in Political Science at University of Miami.
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Date Created: 04/27/15
Mercantilism shares with realism the belief that each state must protect their own interest at the expense of others not relying on international organizations to create a framework for mutual gains They believe the outcome of economic negotiations matters for military power Economic liberalism believes in the possibility of cooperation to realize common gains Balance of trade the value of a state s imports relative to its exports Exports gt imports positive balance of trade eg China Comparative advantage different states enjoy in producing different goods Selfrelianceautarky produce the products itself to avoid a toostrong trade partner Protectionism protection of domestic industries from international competition Quota limit on the amount that can be imported Subside payments by a government to a domestic industry to lower its price without losing money Free trade a policy in international markets in which governments do not restrict imports or exports Oligopoly a market structure in which a few firms dominate Cartel an agreement between competing firms to control prices or exclude entry of a new competitor in a market Dumping It occurs when manufacturers export a product to another country at a price either below the price charged in its home market or below its cost of production NAFTA Trilateral agreement among US Canada and Mexico OPEC Organization of the Petroleum Exporting Countries Centrally planned economy political authorities set prices and decide on quotas for production and consumption of each commodity according to a plan Mixed economies most industrialized West countries have both government controlled and private owned Transitional economies changing over to a marketbased economy connect to a world capitalist economy ln ation resulting from the printing of money is faster than the creation of new goods and products occurs more often in the global south Fixed exchange rates governments decide to establish of cial rates of exchange for their currencies Floating exchange rates more commonly used rates are determined by global currency markets Governments often prefer weak balance to promote exports and discourage imports Hard currency money that can be readily converted to leading world currencies Hyperin ation extremely high uncontrolled in ation Devaluation a unilateral move to reduce of one s own currency by changing a xed or official rate Balance of payment all the ows of money in and out of country Fiscal policy government decisions about spending and taxation Monetary policy decisions about printing and circulating money Foreign direct investment involves tangible including buildings and factories Supranational subsume a number of states and their functions within a larger whole International integration the process by which supranational institution replace national ones the gradual shifting upward of sovereignty from state to regionglobal structures Functionalism the integration theory that asserts that technological and economic development lead to more and more supranational structures as states seek practical means to ful ll certain activities Neofunctionalism the theory that economic integration generates a political dynamic that drives integration further Security community low expectation of violence Common market in addition to customs union member states allow labor and capital to ow freely across border Sustainable development economic growth that does not deplete resources and destroy ecosystems so quickly that the basis of that economic growth is itself undermined Epistemic community a network of professionals with recognized knowledge and skill in a particular issuearea Biodiversity the tremendous diversity of plant and animal species making up the earth s ecosystem Subsistence farming rural communities have grown their own food Urbanization people move to the city from the countryside Land reform break up large land holdings and redistribute land to poor peasants for use in subsistence farming Refugees people eeing to nd refuge from war natural disaster or political persecution Remittances money sent home by migrants to relatives in their country of origin World system theory the global system of regional class divisions Resource curse the problems of basing economic growth on resource exports Dependency theories a situation in which accumulation of capital cannot sustain itself internally Neocolonialism the period after independence the continuation of colonial exploitation without formal political control Economic development combined processes of capital accumulation rising per capita incomes increasing skills in the population adoption of new technology style and other related social and economic changes Import substitution the development of local industries to produce items that a country had been importing Exportled growth strategy seeks to develop industries that can compete in speci c niches in the world economy Microcredit uses small loans to poor people especially women to support economic selfefficiency Brain drain problem of losing skilled workers to richer countries Foreign assistance money or other aid made available to help states speed up economic development or simply meet basic human needs exchange rates exist when a government establishes official rates of exchanges for its currency whereas exchange rates exist when exchange rates are determined by global currency markets managed oat soft xed oaUng oating hard hard managed oat soft hard W009 If a government wants to increase the value of a currency it will intervene in currency markets A which negatively affects the value of a currency because governments control most of the money moving on such markets B which has no effect on the value of a currency because governments control none of the money moving on such markets C to sell a currency which increases the value of that currency D To buy a currency which increases the value of that currency When President Nixon took the United States off the gold standard in the 19705 the international economic system moved from exchange rates to exchange rates managed oat soft hard managed oat xed oaUng oating hard soft hard W009 The summary of a state s nancial transactions with the rest of the world including trade foreign aid and the remittance of income by citizens employed abroad is known as a A balance of payments B gross national product C world payment balance D balance of trade E gross word product Central banks in industrialized countries A are subject to in uence by politicians B maintain the value of the state s currency by limiting the amount of money printed and by preventing high in ation C Often do not have the public s trust D Focus primarily on their country s economy and have little concern for the international monetary system as a whole E Serve the government s interests The IMF and the World Bank use a system A onenation one vote B consensus voting C weighted voting D hegemonic voting E unanimous voting Building a factory in a foreign country is an example of remittances government transactions direct foreign investments indirect portfolio investments standing wealth investment W009 How is monetary policy distinguished from scal policy A Monetary policy is set by national governments whereas scal policy is set by the World Bank B Monetary policy can cause in ation whereas scal policy contributes to standing worth C Monetary policy is government decisions about printing and circulating money whereas scal policy is government decisions about spending and taxation D Monetary policy is the factored approach of the United States to managing the economy whereas scal policy is the favored approach of European countries E Monetary policy helped push countries into a depression in the 19305 whereas scal policy helped those countries recover from depression A state in which a foreign MNC operates is called the whereas the state when the MNC has its headquarters is called the A subsidiary country headquarters country B host country home country C home country host country D investor country investing country MNCs and the countries in which they invest often come into con ict over A environmental standards B taxation and the method of transportation of goods to and from the country Monetary policy and trade policy Fiscal policy and the language to be used in the negotiation Human rights policies and the employment of local workers WU International Integration is the gradual shifting upward of sovereignty from the state to regional or global structure The most successful example of international integration is A NAFTA B The European Union C The Association of Southeast Asian Nations D The United Nations E The Andean Common Market Integration primarily challenges the theory of international relations A liberalist B constructivist C realist The integration theory that asserts that technological and economic development lead to more and more supranational structures as states seek practical means to ful ll certain activities is functionalism neofunctionalism supranationalism security community theory transnationalism W909 is the theory that economic integration generates a political dynamic that drives integration further A intergrationism communalism neofunctionalism transnationalism communita rianism W009 European integration is following a certain plan from freetrade area to customs union to a common market According to the text what was the next step in the process A Integration of defense strategy B A more uni ed political structure C The establishment of an economic and monetary union D The inclusion of Eastern European states E None of the above Forty percent of the EU budget is spent on A the coal and steel industries B research on nuclear power C salaries for EU bureaucrats D subsidies to farmers E common foreign and security policies The quottragedy of the commonsquot metaphor suggests that A national interests should be de ned in zerosum terms B the pursuit of selfinterest will result in the greatest good for the greatest number C Solutions to national problems will lead automatically to the solution of international problems D If individuals act out of shortterm selfinterest all may suffer in long run Which of the following is the greenhouse gas that counts for most of global warming carbon dioxide methane CFC Nitrous oxide Sulfur dioxide W009 Which of the following is not a challenge presented by efforts to reduce global warming A Such efforts entail reducing economic growth B Such efforts require incurring longterm costs to realize short term bene ts C Such efforts require the use of entirely new technology to maintain levels of economic growth D Bene ts are shared globally but costs must be extracted from each state individually E The political costs of necessary actions could be severe Transnational communities of experts and policy makers concerned with particular environmental issues are known as W009 international regimes transnational focus groups epistemic communities environmental regimes sustainable communities UNESCO de nes literacy as the ability to read and write W009 a simple sentence three paragraphs at the third grade level at the sixth grade level at the twelfth grade level With respect to migrants and refugees A B E migrants ee their country to escape war natural disaster or political persecution Refugees move to a new country in search of better economic opportunities C States are migrated to let migrants leave for another country D Refugees may be granted asylum which allows them to stay in the new state Both A and B International law and norms A B Do not distinguish between refugees and migrants C D E obligate states to accept refugees who arrive at their borders Emphasize migrants economic impact on a state rather than their international security implications Provide guidance to receiving states as to how to distinguish political motives from economic motives Both B and C A remittance is A F1009 money sent home by migrants to relative in their country of origin The restriction of military force by a government The deferral of interest payments on loan debt Full payment of a loan to the lending country The inability of a country to receive payment on loan money In recent years states in which region have elected leftist presidents committed to changing course away from free market capitalism and toward a socialist philosophy with more state owned industries Latin America East Asia SubSaharan Africa Eastern Europe South Asia mane Worldsystem theory is based on what theoretical framework A Liberalism B Marxism C Realism D Constructivism E Hegemonic stability In the world system the regions that mostly extract raw materials are the third world regions and are referred to as the periphery According to the worldsystem theory which type of state develops most of the advanced products or quasimonopoly goods core states peripheral states semi peripheral states both A and C both B and C W009 In China Mao Zedong implemented an economic policy where the state all economic activity This type of economic policy called Laissez Faire Capitalism Central planning Mercantilism None of the above F1909 What is the relationship between the form of a state s government and economic development A Authoritarianism is necessary for economic development to take place B Authoritarianism leads to political stability which in turn encourages foreign investment C Democracy has not accompanied economy development in a systematic or general way D States that begin industrializing under authoritarianism but shift to democracy suffer economic decline E None of the above What does corruption has more of an effect on countries in the global south than on industrialized countries A B C D E There is more surplus to keep economic growth going Multinational corporates invest modern obey in the global South than in industrialized countries Dependence on exporting a few products presents a greater opportunity for corruption than in a more diversi ed economy Too much money is needed to fund military action against rebel groups All the above Which of the following is not a consideration of MNCs when deciding to invest in a foreign country A B C D E Geographical location Favorable regulatory environment Financial stability ldeology of the ruling government party Stable local labor supply Which of the following is NOT an economic impact of colonialism A B C D E Farmland was planted for export crops rather than subsistence crops The most easily accessible minerals were dug up and shipped away Infrastructure was built and cities expanded The education and skills needed to run the economy were largely limited to people from the economy were largely limited to people from the colonial power All of the above are economic impacts of colonialism During the cold war the classic third world revolutionary movement was W009 organized by peasants and laborers A military overthrow of the government A communist insurgency lslamic nature An attempt to remove dictators from power and replace them with demographic governments
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