superpowers Flashcards
Unipolar
One dominated by one superpower
Bipolar
one in which two superpowers, with opposing ideologies, vie for power
Multipolar
many superpowers and emerging powers compete for power in different regions
imperialism
a policy of extending a country’s power and influence especially by direct territorial acquisition or by gaining political and economic control of other territories and populations.
neocolonialism
the continued dependence of former colonies on other countries after their independence. often an exploitative relationship between more powerful developed countries who are using their relationship with less developed countries for their own benefit.
Strategic alliances
military alliances between developing nations and superpowers make the developing nation dependent on military aid and equipment from the superpower.
Aid
development aid comes with ‘strings attached’, forcing the recipient to agree to policies and spending priorities suggested by the aid donor.
TNC investment
investment from abroad may create jobs and wealth, but be dependent on the receiving country following ‘friendly’ policies.
Terms of trade
Low commodity export prices contrast with high prices for imported goods from developed countries, inhibiting development.
debt
developing countries borrow money from developed ones, and then end up in debtor-creditor relationship.
BRICS
a group of 5 major emerging economies: Brazil, Russia, India, China, South Africa.
G7
an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the UK and the USA
G20
the G7 members plus Argentina, Australia, Brazil, China, the EU, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea, turkey and Russia.
UN
the United Nations- an intergovernmental organisation aiming to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonising the actions of nations.
OECD
Organisation for Economic Cooperation and Development.
MINT
a group of four countries with the potential to realise rapid economic growth: Mexico, Indonesia, Nigeria and Turkey.
COP
Conference of the Parties
IGO
Intergovernmental Organisation
IMF
International Monetary Fund
WTO
World Trade Organisation
WEF
World Economic Forum
TNC
Transnational Corporation
Modernisation Theory
Capitalism is the fundamental solution to poverty- the USA believed that if investment was made into countries bordering China and the USSR, this would prevent communism from spreading.
What are publicly traded TNCs?
Shares held by a range of players around the world. shareholders receive dividends based on profits each year.
what are state owned TNCs?
majority or whole of the TNC is owned by government. all profits go to the state.
What can the UN Security Council do?
apply sanctions to countries that are a security risk, authorise the use of military force against a country and authorise a UN peacekeeping Force.