Europe and Russia - Exam 2 info Flashcards
largest island to the west of great britain
ireland
what parts of ireland belong to the UK? what does the remainder belong to?
northeast portion; republic of ireland
IRA
irish republican army
peace agreement in 1998 dismantled it
what is the main part of the irish economy? (service, agriculture, or industry?)
service
“celtic tiger”
rapid rate in which economy took off
Leprechaun economics
established low tax rate, allowed many companies to put head quarters in country for ireland’s profit (ex. apple, google, microsoft, etc.)
has since been mitigated
exclusive economic zones
extend 200 nautical miles off the coast
north sea
place of important fisheries and for oil production
territorial waters
extend 12 nautical miles off the coast
What countries are apart of scandinavia?
modern norway, sweden, denmark
GDP per capita rises _____ in norway, currently _____ highest in the world
rapidly, third
if prices increase, oil countries do (well/poor)
well
the resource curse -or- the paradox of plenty
countries that specialize in natural resource extraction often have lower economic growth than those with more diverse economies
counterintuitive - mining oil should lead to riches but cause spillover effect
what does the resource curse promote?
factionalism
petro-aggression
dutch disease
natural resource sector outcompetes other economic sectors making them less globally competitive
BeNeLux
belgium, netherlands, luxembourg
sometimes referred to as “the low countries”
specific french international holding
french guiana in south america