Contemporary World Flashcards
This treaty was responsible for the creation of nation states
Peace Treaty of Westphalia
This organization was formed after the first world war. Its goal was to ensure peace and prevent another war.
League of Nations
This term describes the phenomenon of the entire world becoming more interconnected as the result of the propagation of media technologies throughout the world.
Global Village
[blank] emerges due to shared problems which threaten people in multiple countries.
Global Risk Consciousness
A process/phenomenon where people question their traditional beliefs about religion, gender, etc. as a result of globalization.
Detraditionalization
These type of people insist that globalization is a positive action as it results in economic uplift, high propensity, and the spread of democracy.
Hyperglobalists/global optimists
These type of people insist that globalization is exaggerated; it may not exist, and they possess reservations about the idea of global economic integration.
Skeptics
These type of people insist that globalization is both a positive and negative phenomenon. There are benefits but the consequences of it are unpredictable.
Transformationalists
A trade theory that deals with the natural order and movement of trade. Adheres to the idea of laissez faire (invisible hand); individuals are the best agents to solve economic problems.
Descriptive Theory
A trade theory that prescribes whether governments should intervene in trade.
Prescriptive Theory
[blank] is a set of unified rules and policies that provided the framework necessary to create fixed international currency exchange rates.
Bretton Woods System
These three new bodies were established as a result of the Bretton Woods System
- The International Monetary Fund (IMF)
- World Bank or The International Bank for Reconstruction and Development (IBRD)
- The General Agreement on Tariffs and Trade (GATT), which was replaced by the World Trade Organization (WTO)
The IMF and World Bank were after after which world war?
WWII
If Tim will work for the General Assembly of the UN, what would he be expected to do?
Will represent the Philippines and engage in discussions with other representatives of member-states
If Tim will work for the Security Council of the UN, what would he be expected to do? How many permanent and non-permanent members are there?
International peace and security. He will either be one of the 5 permanent members or one of the 10 non-permanent members.