Chapter 7 Flashcards
Those countries that have institutionalized “liberal democracy”, private property, open markets and possess a strong GDP and PPP (Purchasing Power Parity), as well as a service economy that has resulted in relatively high levels of prosperity.
Advanced Democracies
What refers to economically developed and democratic?
First world
Communist states
Second world
Less developed countries
Third world countries
List the 4 alternative country terminologies
- Developing Countries
- Developed countries
- Less-developed countries
- Postcommunist
Advanced democracies place different emphasis on what two things?
Freedom and equality
Modern institutions = what?
Advanced democracies
What does modern mean?
The status of being modern is that of being secular, rational, materialistic, technological, bureaucratic, and placing a greater emphasis on individual freedom than on collective equality.
What does modern mean?
The status of being modern is that of being secular, rational, materialistic, technological, bureaucratic, and placing a greater emphasis on individual freedom than on collective equality.
List the 3 country terminologies
- First world
- Second world
- Third world
This refers to a process by which states pool their sovereignty, surrendering some individual powers in order to gain political, economic, or societal benefits in return.
Integration
What is the process by which political power is devolved, or “sent down” to lower levels of government?
Devolution
This union of European States that maintain their individual statehood, yet relinquish through integration broad areas of economic, societal and political institutional power to a centralized political structure. What is this union?
European Union
Who proposes legislation in the EU structure?
The European Commission
Who approves or denies legislation in the EU Structure?
The Council of ministers
