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Global Politics > Ch 15,16,17,21 > Flashcards

Ch 15,16,17,21 Flashcards

1
Q

Euro

A

Currency

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2
Q

Fiscal

A

Balance between taxes and government spending

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3
Q

Reserve currency

A

Stable, trusted money of a major country that is used for international trade

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4
Q

Euro dollars

A

US dollars circulating in Europe

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5
Q

EMU

A

European monetary union devised at Maastricht in 1991

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6
Q

ECB

A

European Central Bank

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7
Q

Sovereign debit crisis

A

A national government owes so much that it could default

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8
Q

Default

A

Country announces it cannot pay its debts

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9
Q

Devalue

A

Currencies worth the declines

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10
Q

Austerity

A

Cutting government expenditures in order to balance budget

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11
Q

Bailout

A

Emergency loan to country or company and difficulty

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12
Q

Soft power

A

Influence to cultural, legal, and moral example

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13
Q

NATO

A

National Atlantic treaty organization 1949

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14
Q

UNPROFOR

A

The 1992-1995 UN protection Force supposed to keep peace in Croatia and Bosnia

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15
Q

IFOR

A

The 1995 Implementation Force

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16
Q

KFOR

A

The 1999 Kosovo Force

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17
Q

North Atlantic Treaty

A

The 1994 treaty of alliance formed NATO

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18
Q

Common market

A

Early and in formal name for European economic community

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19
Q

Tariff

A

Tax on imports

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20
Q

Confederation

A

Political union looser and a federation

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21
Q

Technocart

A

On elected to governing official, usually a financial expert

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22
Q

Quota

A

Numerical limit on imports

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23
Q

Subsidy

A

Government payment to prop up an industry

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24
Q

Trade blocs

A

Geographic regions that trade mostly among themselves and keep non-bloc goods

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25
Q

Comparative advantage

A

the country should make only what they can produce efficiently and trade for other products

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26
Q

Dumping

A

Selling goods a board for less than it cost to produce them

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27
Q

Standing committee

A

Top governing body of China’s Communist Party

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28
Q

Cadres

A

Communist members in official positions, backbone of China system (framework)

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29
Q

Zhongnanhai

A

Beijing compound of China’s top officials

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30
Q

Archipelago

A

Cluster of islands

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31
Q

Totalitarian

A

Dictatorship that attempts total control

32
Q

Authoritarian

A

Dictatorial over regime but milder Totaltarian

33
Q

Open door

A

1900 US policy of China trade open to all and keeping China intact

34
Q

Trade deficit

A

Buying more from other countries then you sell to them

35
Q

RMB

A

Renminbi “peoples money”, China’s currency

36
Q

Rapproachement

A

French for approaching

37
Q

Meiji

A

Japan’s period of rapid modernization starting in 1868

38
Q

Manchukuo

A

Japanese puppet stage in Manchuria, 1931 to 1945

39
Q

Non-recognition

A

Refusal to grant diplomatic recognition

40
Q

Embargo

A

Ban on shipping goods to certain countries

41
Q

Attaché

A

Military officer serving in an Embassy

42
Q

Second order consequence

A

Later impact of a policy choice

43
Q

MITI

A

Ministry of international trade and industry

44
Q

S curve

A

Typical pattern of economic growth

45
Q

Deflation

A

Overall, long-term full of prices

46
Q

Inflation

A

Overall, long term rise of prices

47
Q

Outsourcing

A

Moving production to lower-wage countries

48
Q

Peg

A

To fix one currency in relation to another, the opposite of float

49
Q

Yuan

A

China’s currency

50
Q

Float

A

To let market forces cause a currency to rise or fall in relation to others

51
Q

Protectionism

A

Policy of keeping out foreign goods

52
Q

Trade surplus

A

Selling more to other countries than you buy from them

53
Q

Recession

A

Transient, short term economic downturn

54
Q

Depression

A

Major, long term economic down fall

55
Q

Keynesian economics

A

Government spending to boost consumption and fight recession

56
Q

Exchange rate

A

How much one currency buys of another

57
Q

Fixed exchange rate

A

One currently buys a set number of other currencies

58
Q

Floating exchange rate

A

One currency buys varying number of other currencies

59
Q

Bubble

A

Market that has gone too high

60
Q

Bretton woods

A

1944 agreement to fix exchange rates

61
Q

International monetary fund

A

Makes loans to stabilize currencies

62
Q

World Bank

A

Makes loans to lift up poor countries

63
Q

Special Drawing Rights

A

Artificial currency the IMF uses to make loans

64
Q

Conventional wisdom

A

U examined but widely believed assumptions

65
Q

Purchasing power parity

A

True worth of currency

66
Q

Victorian

A

Related to reign Britians Queen of Victoria 1837-1901

67
Q

World Trade Organization

A

UN-related body, successor to GATT, promotes free trade

68
Q

European Union

A

Confederation of most of Europe. Began as common market in 1957

69
Q

Transnational

A

Related to the world as a whole.

70
Q

Collective group

A

Something that all use free, such as air

71
Q

Arable

A

Useable for food growing

72
Q

Green Revolution

A

The 1960s improvements in plant varieties, especially rice

73
Q

Desiccation

A

Drying out

74
Q

Sahel

A

Narrow band south of Sahara

75
Q

BTC

A

Baku-Tbilisi-Ceyhan, pipeline from Azerbaijan through Georgia to the Turkish coast

76
Q

Riparian

A

Country along and with rights to a river

Global Politics (5 decks)

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