superpowers EQ2 Flashcards
sanction
ways of persuading countries not to step out of line and abide to international agreements.
types of sanctions
military - banding trade in weapons and military cooperation
economic- banding trade , puts pressure of country without military force
name 2 military alliances
ANZUS , EU , shanghai cooperation organisation
name 2 economic alliances
NAFTA, ASEAN
2 types of TNC
publicly-traded - US TNCs such as walmart
state-led - chinese TNCs such as petrochina
cultural globalisation
transmission of ideas and values around the world. diffused by the internet and travel. it claims to promote a more western culture
World Bank
advice, loans, grants, poverty reduction. offer long term assistance.
IMF
to monitor economic and financial development. loans to troubled countries
world trade organisation (WTO)
Focus is on trade and its rules aim to free up global trade and reduce trade barriers
NATO
military alliance between US and Europe
global security pillars
political, economic, social, judicial
in the 2000s global trade increased in value by ….
85%
free trade
the exchange of goods and services free of taxes and tariffs .removes barriers of taxes which protected local producers get fair prices for their products
SAPs
structural adjustment programmes- economic policies for developing countries that have been promoted by world bank or IMF. they reflect the neo-liberal ideology that drives globalisation
