International Concepts, Organizations, Agencies Flashcards
Political and economic (cultural) domination by Western powers over less-developed countries
Colonialism
Similar to (blank), but Western powers give up direct political control
Neocolonialism
Assuming your own culture is superior to others
Ethnocentrism
Integration arising from interchange of world views, products, ideas, information, capital, services, etc.
Globalization
Extensive infusion of one culture with another
Cultural Imperialism
Controlling ownership of a business in one country by another country
(growth of internationals:
1980-6.5%
2006-31.8%)
Foreign Direct Investment
Assumes uni-linear development; LDC’s are simply at an earlier stage of development. Ways to promote development: infuse Western ideas, markets, technology, democracy, etc.
Modernization Theory
Colonial perspective; poor LDC’s provide natural resources and cheap labor to MDC’s. It also throws away obsolete products, technology, etc. Wealthy nations also perpetuate a state of dependency.
Dependency Theory
Critical of dependency theory; argues that nation states should not be the unit of analysis; believes countries should be divided by: 1) core-control global entities for power 2) periphery-low-skilled workers 3) semi-periphery-elements of both other two 4) one-world capital system
World Systems Theory
Taxes on imports
Tariffs
National policies to protect domestic products against foreign competition
Protectionism
International organization working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world
International Monetary Fund
International financial institution that provides loans to developing countries for capital programs
World Bank
Intergovernmental organization which regulates international trade; negotiations between importing/ exporting around the world
World Trade Organization
United States Government agency which is primarily responsible for administering civilian foreign aid
USAID