CH 8 Flashcards
What is interdependence?
Mutual dependance (Onderlinge afhankelijkheid), where the condition of one depends on another and vice versa. can be good or bad
What is globalization?
The worldwide networks of interdependence
What is enviromental globalization?
- Diseases
- Spread of foreign species of flora and fauna to new areas
What is military globalization?
Consists of networks of interdependence in which force, or the threat of force, is employed
What is social globalization?
- Spread of peoples, cultures, images and ideas.
- Migration
What is political globalization?
Spread of constitutionals arrangements, the increase in number of countries that have become democratic and the development of international rules and institutions.
What is contemporary globalization?
Contemporary globalization is “thicker and quicker” or “farther, faster, cheaper and deeper.”
What is “network effects” ?
A term economists use to refer to situations in which a product becomes more valuable once many other people also use it.
What is thickness of globalization?
The density of networks of interdependence. The effects of events in one geographical area, can have profound effects elsewhere. Globalization is accompanied by pervasive uncertainty and its effects are increasingly unpredictable
What are the four distinctions of interdependence?
- Its sources
- benefits
- relative costs
- symmenetry
Interdependence can originate in physical (natural) or social (economic, political or perceptual) phenomena.
Military interdependence is the mutual dependence that arises from military competition. Economic interdependence involves policy choices about values and costs. Social choices as well as physical shortages affect economic interdependence in the long run.
What are bennefits of interpendence?
Zero-sum: your loss is my gain and vice versa
Positive sum; we both gain
Negative sum: we both lose
Traditional international politics could be positive-sum, depending on the actor’s intentions. In politics of interdependence, the distinction between what is domestic and what is foreign becomes blurred.
The classical balance-of-power theory, which predicts that one country will act only to keep the other down lest the other gain preponderance (overwicht), is not valid in this situation. In economic interdependence, states are interested in absolute gains as well as gains relative to other states.
What are the short-run costs of interdependence?
Sensitivity, refers to the amount and pace of the effects of dependence.
What are the long-term costs of interdependence?
Vulnerability, refers to the relative costs of changing the structure of a system of interdependence.
- the less vulnerable of the two countries is not necessarily the less sensitive; rather, it is the one for whom adjustment is less costly.
- Vulnerability is a matter of degree
- Depends on aggregate measures, whether substitutes are available, whether there are diverse sources of supply.
What is symmetry of interdependence?
Symmetry refers to situations of relatively balanced versus unbalanced dependence. Being less dependent than others can be a source of power. Manipulating the asymmetries of interdependence can be a source of power in international politics
What is the IMF?
International Monetary Fund. Lends money, usually to developing countries and new market economies, to help when they have difficulties with their balance of payments or with paying interest on their debts.