Chapter 1 Flashcards
Collective Action Problem
a situation wherein each individual has incentives not to participate in an action that benefits all members of the group (paying taxes)
State
A political legal organization with sovereign power over a particular geographic territory and the population that resides within that territory
Sovereignty
Supreme legal authority over people within a certain territory
Society
all formal and informal organizations, social movements, and interest groups that attempt to articulate their own interests or remain autonomous.
NAtion
a collectively held political identity
Early-forming state
a state that managed to consolidate sovereignty centuries ago
Late forming state
a state that only consolidates sovereignty in recent decades
Failed state
a state where soveirngty has collapsed or was never effectively established
Foreign Direct Investment
the purchase or creation of assets in one country by an individual, firm, or government based in a different country
Mulitnational Corps (MNCs)
firms that are headquartered in one country but operate in others
Democracy
political regime that allows for government accountability to all citizens through institutionalized participation and contestation
Non-democracy
a system in which rulers are not accountable to the ruled because rulers restrict political participation and contestation
unitary system
a state in which the constitution grants the central government exclusive, final authority over policy making w/in the nation
Federal system
system in which the constitution grants two or more governments overlapping political authority over the same group of people and same territory
presidential system
a democratic constitutional design in which voters directly elect a legislature as well as an executive