for first exam

Question 1

Bretton Woods

Answer 1

July 1944, Dollar was made king, and gold was made the standard- was revoked later. World Bank was made

Question 2

Treaty of Westphalia

Answer 2

gave rise to the modern state system.

Question 3

Realism

Answer 3

States are out to get each other

Question 4

Mercantilism

Answer 4

the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Question 5

Hobbes

Answer 5

He is the backbone to realism. HE wrote the Leviathan. State of Nature- People are bad it is the State of War. # causes quarrel- competition, diffidence, and glory

Question 6

Assumptions made by Realists

Answer 6

States are rational, Survival/thriving, Self help, zero-sum game.

Question 7

Realism and Globalization

Answer 7

economy is a monster of the state

Question 8

IMF

Answer 8

Monitor fixed exchange rates. Provide short term loans

Question 9

World Bank

Answer 9

Provide developmental assistance to love to middle income countries. Offers advice in private and public sectors.

Question 10

GATT/WTO

Answer 10

Only organization that tries to tame the world economy

Question 11

realism

Answer 11

States are important; States are just out for their selves. The global community is in Anarchy

Question 12

Liberalism

Answer 12

Diplomacy is king. States know working together will best the best

Question 13

absolute gains

Answer 13

Emphasizes the gains of
each state without concern for the gains of
others.

Question 14

Bretton Woods Conference

Answer 14

Bretton
Woods, New Hampshire, was the location of
the July 1944 meetings to establish the post-
war international economic order. The IMF
and International Bank for Reconstruction
and Development (or World Bank) were
established at Bretton Woods, as was the
monetary regime of pegged exchange rates.

Question 15

constructivism

Answer 15

A theory that examines the
role of collectively held (or “intersubjective”)
ideas in IR. Constructivists believe that reality
is socially constructed.

Question 16

dependency theory

Answer 16

A historical materialist
development theory that sees the world as
hierarchically organized, with the leading
capitalist states in the core of the global
economy exploiting the poorer states in the
periphery.

Question 17

globalization

Answer 17

A term that refers to the
broadening and deepening of interdependence
among people and states throughout the
world.