Final Vocab Flashcards
National Assembly
South Africas bicameral legislature
Congress of South African Trade Unions
South Africas most important trade union confederation
Truth and Reconciliation commission
The post apartheid body established to document apartheid era human rights abuses and to give reparations to victims and amnesty to perpetrators who confessed to crimes
Growth, Employment, and Redistribution
1996 liberal macroeconomic structural adjustment plan that moved ANC to a more market friendly political party
Broad-based black economic empowerment
South Africas affirmative action program that aims to create a new class of black business owners and managers through a series of quotas and targets
Patrimonialism
A ruler depends on a collection of supporters within the state who gain direct benefits in return for enforcing the rulers will
Federal character principle
Nigerian quota system designed to ease ethnic tension by requiring the president to appoint ministers and civil servants from each nigerian state
House of representatives
Lower house of nigerians parliament
Derivation formula
Formula for distributing oil revenues between national and local government in Nigeria
Movement for the survival of the ogoni people
Ethnic association to promote the interest of ethnic ogoni in the niger delta
Movement for the emancipation of the niger delta
Militant separatist group from the niger delta
Resource curse
Theory of development in which the existence of natural resources in a given state is a barrier to modernization and democracy
National economic empowerment and development strategy
ranging nigerian reform program designed to stem government corruption and enhance economic infrastructure
Globalization
Process of expanding and intensifying linkages between states, societies, and economies
Multinational Corporation (MNC)
Firm that produces, distributes, and markets its goods or services in more than one country
Nongovernmental organization (NGO)
National or international group, independent of any state, that pursues policy objectives and fosters public participation
Intergovernmental organization (IGO)
Group created by states to serve particular policy ends
International regimes
Fundamental rules and norms that link states together and shape their relationships to one another, usually regarding some specific issues
Bretton Woods system
Economic regime that manages international economic relations (IMF, WTO, and World Bank)
Foreign Direct Investment (FDI)
The purchase of assets in a country by a foreign firm
Offshore outsourcing
Process by which a firm moves some of its work to a secondary business, outside the home country, that can do the work more efficiently or cheaply
Trans-Pacific Partnership (TPP)
Proposed agreement between 12 countries to liberalize trade through reduced tariffs and common regulation. US withdrew in 2017
North America Free Trade Agreement (NAFTA)
Canada, US, and Mexico agreement that liberalizes trade. Renegotiated in 2020 to USMCA
