Introduction

Question 1

States seek to increase

Answer 1

Power

Question 2

Markets are associated with

Answer 2

Reduced State Power

Question 3

International Political Economy is a subfeild of

Answer 3

International Relations

Question 4

High Politics are politics which matter to the

Answer 4

State

Question 5

Low politics matter on a lower level

Answer 5

To individuals, no influence on state

Question 6

_________ Is an academic discipline that does not cover IPE effectively because it does not have the tools to assess how states matter in IPE

Answer 6

Economism (Economics)

Question 7

More reliance on international markets in allocating ressources is

Answer 7

Globalization

Question 8

Formation of regional blocs to insulate states/societies from global competitiveness and uncertainty - (names of agreements)

Answer 8

NAFTA (north american free trade agreement) or EU (european union)

Question 9

State being replaced by system of intense multilevel governance. Single, global economic system that dominates

Answer 9

Hyper Globalists ** (Globalist Theory)

Question 10

Interdependence among states. State is still the central actor and interstate relations must be in focus - interdependence is not new. Dismisses globalization as a buzzword.

Answer 10

Internationalists (Globalist Theory)

Question 11

Much has cvhanged in the modern period, but changes are uneven . Agriculture and financial industry fluctuations are a good example.

Answer 11

Transformationalist (Globalist Theory)

Question 12

Three Globalist theories are:

Answer 12

1- Hyper Globalist, 2- Internationalists, 3- Transformationalists

Question 13

KIEOS are

Answer 13

Keystone International Economic Organizations

Question 14

KIEO Examples

Answer 14

World Bank, International Monetary Fund (IMF), World Trade Organization (WTO)

Question 15

Informal North to North cooperation structures

Answer 15

G5, G7, G8, G20…. Organization for Economic Cooperation and Development (OECD)

Question 16

North has dominated globalization through __________

Answer 16

Hegemony

Question 17

North and South relations demonstrate an imbalance in wealth and _________

Answer 17

power

Question 18

Opposition to Norths Dominance

Answer 18

G77

Question 19

Economically and Politically marginalized regions

Answer 19

The South

Question 20

NIE or NIC stands for

Answer 20

Newly Industrialized Economies (ex. South Korea, Taiwan, Singapore)

Question 21

BRIC is an acronym representing what countries

Answer 21

Brazil, Russia, India, China

Question 22

Major Theoretical Approaches of IPE

Answer 22

1. Realism // 2. Liberalism // 3. Historical Structuralism // 4. Feminism // 5.Constructivism

Question 23

Embedded Liberalism began with

Answer 23

Breton Woods Conference (1944)

Question 24

Breton Woods Conference (1944) established :

Answer 24

KIEO’s , supported embedded liberalism (international free trade) and social stability.

Question 25

Breton Woods System required _____________.

Answer 25

Keyneianism - particularly concerned about financial problems, reduce exchange rate volatility.

Question 26

GATT stands for

Answer 26

General Agreement on Tariffs and Trade

Question 27

GATT established to -

Answer 27

Promote free trade - reduce tariffs. Is informal but effective, North dominate and It is not under formal UN control.

Question 28

IBRD stands for

Answer 28

International Bank for Reconstruction and Development - loans to poor regions - however loans were given to those who did not need it.

Question 29

IMF established for

Answer 29

International Monetary Fund - establish monetary and currency stability. Fixed exchange rate (Canada’s dollar relative to US), IMF involved in LDC debt crisis.

Question 30

LDC means

Answer 30

Least Developed Countries

Question 31

Embedded Liberal arrangements promoted

Answer 31

Economic Growth and Cooperation in North