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IPE > IPE > Flashcards

IPE Flashcards

1
Q

Supply and Demand of Currency

A

Floating System

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2
Q

State Intervention

A

Fixed/ Pegged rate system

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3
Q

States guarantee value of currency against gold convertability

A

Gold Standard

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4
Q

Benefits to the issuer of the currency ,

A

Signorage

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5
Q

Examples of Seignorage

A

Reduces cost and risk of currency volatility, trade and purchase in own currency, increase macroeconomic autonomy (artificial inflation), people want YOUR money

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6
Q

Liquidity OR Confidence

A

Triffin Dilemma

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7
Q

End of Gold Convertability, Imposed Tariffs to restore trade surplus, Depreciates US dollar

A

Nixon Shocks

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8
Q

The Euro is an example of

A

a Currency Union, reduces volatility and speculation.

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9
Q

State controlled investment vehicles, political agendas, control large amounts of global finance.

A

Sovereign Wealth Funds (SWF)

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10
Q

Ratio of debt payments to exports

A

Debt Service Ratio

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11
Q

OPEC Oil revenues deposited in commercial banks

A

Petrodollars

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12
Q

Unregulated competition in banking, cometitive.

A

Loan Pushing

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13
Q

Short to Medium Term Loans to reduce debt

A

Structural Adjustment Loans (SAL)

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14
Q

Poor country initiative, involving IMF, rescheduling and relief of debt, soft loans.

A

Heavily Indebted Poor Country Initiative (HIPC)

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15
Q

Political and Economic Paths followed by the North (Traditional Belief)

A

Modernization Theory

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16
Q

Money given at below market interest rate loans (grants)

A

Official Development Assistance (ODA)

17
Q

Reliance on natural resource exports, strategy, realist

A

Import Substitution Industrialization (ISI)

18
Q

Resource exporters suffered from declining terms of trade. IE: as income increases, demand for resource does not continue to increase.. demand for manufactured good often continues to increase. Inevitable relative economic decline

A

Singer-Prebisch Theory

19
Q

Replace manufatured products with local goods . Such as appliances, automobiles. Requires large investment, debt financing

A

Secondary ISI (Latin America Approach)

20
Q

Convert easy ISI producers into export industries. Large role for the state.

A

ISI - Export Substitution (EXPORT LED GROWTH, or East Asian Approach)

21
Q

ISI and infant industries, WTO trade rules, MNCs and investment rules

A

Strategic Trade Theory

22
Q

Firms that actively control operations in 2 + Countries, Direct control over foreign affiliates

A

Mulinational Corporations

23
Q

MNCs manage underdevelopment, locate key production regardless of economic justice

A

Dependency Theory

24
Q

MNCs are basis of transnational capitalist hegemony

A

Gramscian Theory

25
Q

Stabe supply chains

A

ertical Integration

26
Q

Economies of scale, technological change, improved abilities to control operations in other countries

A

Horizontal Integration

27
Q

MNCs have power initially but their investment becomes fixed.. bargaining power decreases

A

Obsolescing Bargain

28
Q

Production decisions not driven by comparative advantage, dependent on decisions of competitors, Fears of political instability

A

Ogopolistic Economic Trade Theory

29
Q

Principal of separate national accounts creates potential for tax avoidance, has an impact on national tax revenue, trade occurs within firms mostly (1/3)

A

Intrafirm Trade

30
Q

Regulatory effort that benefited MNC and did little to address policy challenges

A

Bilateral Investment Treaties (BIT)

31
Q

Comparative advantage comes from abundant factors of production

A

Heckscher Ohlin Theory

32
Q

In a resource dependent economy, free trade will benefit resource sectors, but not those who work in under endowed sectors of the economy

A

Stopler-Samuelson Theory

33
Q

benefits of free trade must outweight the cost of free trade for the HEGEMON

A

Hememonic Stability Theory

34
Q

Tariffs, Non Tariff Barriers (NTB) and Voluntary Export Restraints (VER) are examples of

A

Trade Barriers

35
Q

Anti Dumping Duties (ADD) and Countervailing Duties (CVD) are examples of

A

Trade Safeguards

36
Q

Bans performance requirements Stipulations on FDI

A

Trade Related Investment Measure (TRIM)

37
Q

Requires states to create patent and copyright protections systems to prevent theft of MNC intellectual property

A

Trade related Intellectual Property (TRIPS)

IPE (1 decks)

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