Future of Comparative Gov.

Question 1

Bretton Woods System

Answer 1

An economic regime that manages international economic relations; this includes the International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO)

Question 2

Foreign Direct Investment (FDI)

Answer 2

The purchase of assets in a country by a foreign firm

Question 3

Globalization

Answer 3

The process of expanding and intensifying linkages between states, societies, and economies

Question 4

Intergovernmental organization (IGO)

Answer 4

Groups created by states to serve particular policy ends

Question 5

International Regime

Answer 5

The fundamental rules and norms that link states together and shape their relationships ot one another, usually regarding some specific issues

Question 6

Multinational Corporations (MNC)

Answer 6

Firms that produce, distribute, and market their goods or services in more than one country

Question 7

Nongovernmental organization (NGO)

Answer 7

National or international groups, independent of any states, that pursue policy objectives and foster public participation

Question 8

Offshore Outsourcing

Answer 8

Moving the production of goods and services to another country to take advantage of cheap labor or other savings

Question 9

Trans-Pacific Partnership

Answer 9

Proposed agreement among 12 countries to liberalize trade through reduced tariffs and common regulations, abandoned by the United States in 2017