Midterm Flashcards

1
Q

Peace of Westphalia

A

Established state sovereignty in europe, setting a precedency for the world. october 1648

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2
Q

Role of the state in a globalized world

A

Dominant forms of government and control over law. Cannot address all global challenges=importance diminished

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3
Q

global governance

A

NOT government, less power/orginization

think of the UN (previously the league of nations)

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4
Q

political globalization

A

political interdependencies/connections

interactions between states/nonstate actors/even people worldwide

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5
Q

International organizations (INOs)

A

Of which states are members

EU, IMF, UN, NATO, WTO, ICC (int’l criminal court)

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6
Q

Complex interdependence (keohane / nye)

A

established the idea
multiple channels of interaction+no heirarchy of interstate issues (we can face multiple)+diminished effectiveness/relevance of military

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7
Q

Adam Smith

A

father of capitalism and economics
proponent of : the free market, self interest, “the invisible hand” (if everyone works in their own self interest, that will lead to competition and growth)

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8
Q

Joseph Schumpeter

A

all about change : creative destruction under capitalism

favored capitalism and democracy (opposed social policies that would ‘undermine capitalism’)

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9
Q

Wallerstein’s World systems

A

Core, semi-periphery, periphery countries

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10
Q

Bretton Woods System

A

controlled capitalism : balance between free market and gov’t control/expenditures

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11
Q

Washington Consensus

A
fiscal discipline:
Tax reform 
Free market
Privatization
Deregulation
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12
Q

Market globalism

A

the dominant ideology

- globalization (neoliberal) is inevitable and good

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13
Q

Steger (critique of market globalism)

A
  • leoliberal globalization is the result of politics and NOT natural
  • some profit at the expense of many
  • creates democracies that are not really representative
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14
Q

Rodrik (trilema/capitalism 3.0)

A

Trilema : democracy, security, and global economic integration are not compatible. gotta try to balance
Capitalism 3.0 : moderate>hyper globalization (like krugman). Free national governments to adjust to the global economy in their own way

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15
Q

Stiglitz (winners and losers of glob’n)

A

Contries that had control before/during globalization are winners, while those who didn’t are losers. Opposes market fundamentalism (forcing laissez-faire economics onto developing economies)

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16
Q

Krugmans critique of globalization

A
opposes hyperglobalization (like rodrik)
core = high tech, periphary = low tech
17
Q

Amartya Sen’s development

A

development is freedom (see rodrik)

18
Q

Colliers traps

A

Conflict trap
resources trap
neighbors trap
governance trap

19
Q

Piketty’s inequality

A

inequality is a product of capitalism
tax the wealthy
state intervention

20
Q

Milanovic’s inequality

A
growing middle class
plutocracy - rule of the rich
21
Q

Culture critical theory

A

fordism
culture –> commodities (music, movies, etc)
mass culture

22
Q

Benjamin Barber’s Jihad v McWorld

A

Globalization leads to the homogenization of culture. The domination of the global mainstream (mcworld) –> pushback from cultural conservatives(jihad)

23
Q

Homogenization vs Glocalization (Giulanotti v Robertson)

A

Homo’n : westernization (americanization), cultural imperialism. imbalance of cultural flows from core to periphary
Glocal’n : ppl in local cultures reinterpret global cultural products, react to globalization by strengthening their own culture (see jihad)

24
Q

Hannerz

A

defines cosmopolitans:
Cultural diversity and coexistence
Participants in other cultures (not spectators)
Immerse in foreign cultures through media, friends, etc.

25
Q

Appiah

A

you can be local AND cosmopolitan

26
Q

global fundamentalism

A

Return to traditional religious values as a reaction to modernity and global culture (see jihad and glocalization)
meta analysis : counter globalization while being a result of globalization

27
Q

Partners in health

A

healthcare as a human right
community based
addresses basic social/economic needs

28
Q

Sachs

A
invest in everything (agriculture, infrastructure, edu, etc)
tax effectively 
good governance
expand trade
       ^^solutions to global poverty