exam 3 Flashcards

1
Q

How/ why do regimes change?

A
  • result of military coups
  • global trends
  • democratic backsliding of recent democracies such as eastern europe
  • rights freedoms of citizens diminish -> democratic institutions weakened
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2
Q

Democratic Backsliding

A

A decline in the quality of democracy, including the extent of participation, the rule of law, and vertical and horizontal accountability

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3
Q

Failed pro-democracy demonstrations/ revolts

A
  • pushback from authoritarian elites who make a comeback and cling to power
  • weakness of newly established democratic institutions brings about weak or failed states anarchy
  • polarization and gridlock
  • challenge of electoral results attacks on checks and balances, attacks on political opponents
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4
Q

Military Coups

A
  • pretext= bringing stability
  • motivator= unhappy with civilian rule -> once they control military they want full rule
  • external threats low= no need to expense efforts globally, military starts looking inward
  • external threats high= distrust in how CA is dealing with global threats
  • EX. 1964 brazil= military overthrew pres. Joao Goulart -> military dictatorship
  • military generals -> civilians -> lower ranks
  • 50% successful (486 total coups since 1930s only 242 successful)
  • military coups depend on state’s founding (colonial powers -> military ran by one ethnic group)
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5
Q

Civillian Coups

A
  • pretext= civilian opposition forces take control of the gov.
  • motivator= under threat of violence/gridlock
  • backed by foreign forces
  • EX. right wing coups in latin america during cold war era
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6
Q

Neopatrimonial

A

Rule achieved -> self-serving interests of military elites met (wealth, social standing)

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7
Q

Self-Coups

A

Leaders launch coups against their own gov. (EX. Putin in Russia)

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8
Q

Nationalization

A

Taking resources by private corp. and bringing them under gov. control -> hurts U.S. economic interests

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9
Q

Political Economy

A

Interaction between politics and economics, occurring around well established parameters

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10
Q

How and why should the government intervene in the economy?

A
  • with no gov.= NO laws, infrastructure, functions, institutions aka basic elements
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11
Q

Essential Government Roles

A
  • security, laws, currency
  • gov. issues currency -> facilitate exchanges
  • general public security and protection/ specifically property and commercial exchanges
  • laws ensure fair market exchanges (enforcing contracts/then repercussions)
  • national bank= issues national currency/exchanges
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12
Q

Beneficial Government Roles

A
  • public goods AND prevents market failure
  • public goods that are too essential to function of economy to be left to private entities
  • EX. police, transportation, clean water/air, public parks, drainage
  • europe= education and healthcare -> educated and healthy workforce -> benefit econ in long term
  • prevents: market failures, monopolies, externalities, spread of imperfect info. (EX. 2008-10 US false advertising mortgages -> great recession)
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13
Q

Externality

A

A cost or benefit of the production process that is not fully included in the price of the final market transaction when the product is sold i.e. market failure

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14
Q

Politically Generated Roles

A
  • proactive citizens that ask gov. to intervene for protection
  • rights/safety > profits
  • work hour limits, PTO, min. wage, pension plans
  • extended public goods and protections from market= welfare state
  • income redistribution= tax the rich, free education up to college
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15
Q

The GINI Index

A
  • prevent massive inequality -> GINI index= measures equal or inequality in the country
  • germany: powerful unions -> extensive welfare, started social democracy
  • US= powerful corporations -> no limited welfare
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16
Q

World Dominance of Market Economies

A
  • majority of global economies= free market
  • free market= supply and demand
  • world’s wealthiest econs.= free market
  • all market econs. the same? not the same in all countries
  • gov. intervention in all market econs. the same? “varieties of capitalism” phenomenon-market econs of wealthy countries can differ
  • if gov has more than 50% control, NOT free econ.
17
Q

Keynesianism

A
  • gov. and economy NOT exclusive (no balance = failure)
  • gov. intervention -> spend and stimulate growth (EX. Bush)
  • goal= stability
    -result= CME
18
Q

Neoliberalism

A
  • limited gov. intervention IF at all
  • supply and demand= invisible hand
  • S/D= determines economic decisions/outcomes
  • goal= privatize/deregulate econ.
  • result= LME (EX. US, UK, Australia, Ireland, Swiss, Singapore)
19
Q

Varieties of Capitalism

A

School of thought analyzing wealthy market economies that focuses primarily on business firms and how they are governed; divides such economies into liberal market economies and coordinated market economies

20
Q

Coordinated Market Economies

A
  • in the varieties of capitalism approach, capitalist economies in which firms, financiers, unions, and government consciously coordinate their actions via interlocking ownership and participation
  • EX. Germany and Japan are key examples
  • PROS= voices heard, happy people, workers rights/protection, fewer economic crisis, bigger middle class/more equal society, fewer monopolies/externalities
  • CONS= High taxes, lower market competition, less innovative, less competitive globally
21
Q

Liberal Market Economies

A
  • in the varieties of capitalism approach, countries that rely heavily on market relationships to govern economic activity
  • EX. the United States and United Kingdom are key examples
  • PROS= more competitive, more innovation, lower taxes, better suited for globalization
  • CONS= high wealth inequality, race to the bottom -> more exploitation, less government prevention of monopolies, externalities, more economic crisis
22
Q

Development

A
  • poor, or third world countries becoming more like wealthy ones
  • they want economic growth, democratization, peace, stability
  • Amartya Sen (1999) human capabilities theory= enhance capabilities of human beings to lead fulfilling lives as they define them
23
Q

Measurements of Development

A