Test 3 Flashcards

1
Q

how did costa rica change their government

A

they got the military out of power

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2
Q

what happened to Argentina

A

was once rich country that made poor decision after another

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3
Q

who is peron from argentina

A

he was a ruler between world wars for argentina

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4
Q

what was the problem with peronism

A
  1. highly clientelistic
  2. followed fascist ideology from hitler
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5
Q

who is the current president of argentina

A

javier milei

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6
Q

what is one reason africa is poor

A

they hold very tight ethnic groups so the physical borders do not mean much

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7
Q

why has indonesia grown more than nigeria

A

they put more importance on nationalism (one group)

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8
Q

what is the capital of kenya

A

nairobi

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9
Q

what is the capital of sweeden

A

stockholm

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10
Q

what is the currency of sweeden

A

krona

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11
Q

how did sweeden act in the 19th century

A
  1. built up infant industries to create cartels (like germany)
  2. allowed people to unionize (created very socialist democratic party)
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12
Q

what is the definition of corporations

A

collective action groups that pool resources together

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13
Q

how did the first world war affect sweeden

A

good, they were able to stimulate using exports

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14
Q

how did inter war time affect sweeden

A
  1. decided to deficit spend on infrastructure
  2. left and right agreed to create welfare state while keeping oligopolies (salts-juban agreement)
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15
Q

what are main points of the rehn-meiger model

A
  1. move up industries to higher level ones (lumber to tech)
  2. keep wages low to increase profits which would allow more productive industries to win
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16
Q

what is a problem with the rehn-meiger model

A

it left people in the slower industries behind or unemployed

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17
Q

what was the problem with sweeden in the 60s

A

younger people were free riders on the welfare state causing it to become very expensive

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18
Q

how did sweeden make their industries competitive internationally

A

invested in human capital to create a comparative advantage

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19
Q

things to know about meji japan business makeup

A
  1. very large corporations (modeled after germany)
  2. oligarchs ruled not the emperor
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20
Q

what group is the majority in china

A

Han chinese

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21
Q

who is the current leader of china

A

xi jingping

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22
Q

what is the political and economic makeup of china currently

A

politically communist but economically capitalism

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23
Q

what century is called the “century of humiliation” for china

A

19th

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24
Q

why is it called the century of humiliation

A

china lost…
1. hongkong to britain
2. taiwan to japan

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25
Q

who was the chinese civil war fought between

A

ccp vs kmt

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26
Q

who was the leader of the ccp

A

Mao zedong

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27
Q

who was the leader of the kmt

A

chaing

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28
Q

after the kmt lost where did they go

A

taiwan

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29
Q

what were the 2 big events started by Mao

A
  1. cultrual revolution
  2. great leap forward
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30
Q

what was the great leap forward

A

a developmental approach for economic change

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31
Q

what were the results of the great leap forward

A
  1. 30 million people died
  2. famine
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32
Q

what was the reason for the cultural revolution

A

to purge the country of anti-china values (no capitalism)

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33
Q

what was the result of the cultural revolution

A

3 million people died

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34
Q

what is china currency

A

yuan

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35
Q

who lead modernization and changes in china during the 70s

A

deng

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36
Q

how did the meji era of japan change the economy

A

there was massive industrialization and became a developmental state

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37
Q

what type of industries did Japan model theirs after

A

german cartels

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38
Q

what were the japan cartels called before ww2

A

ziabatsu

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39
Q

what were the japan cartels called after ww2

A

kieretsu

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40
Q

what caused japanese democracy to become unstable in the early 20th century

A

military coups

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41
Q

post ww2 what happened to the ziabatsu

A

they were forced apart by americans and top executives were forced into retirement

42
Q

what other economic ideas did americans introduce

A
  1. wanted new land reform for middle class
  2. allowed labor unions to form and negotiate
43
Q

why were the keiretsu created

A

to stop the spread of communism, they had to call back many executives from the ziabatsu

44
Q

what did the keiretsu promise

A

lifetime employment

45
Q

what type of system did japan have in place for policy making

A

unitary system

46
Q

why was there deflation caused in the japanese economy

A

underconsumption due to saving and living simplistic lifestyles

47
Q

how did abe die

A

assassinated

48
Q

what are things classical liberals like

A
  1. low taxation
  2. low spending on social programs
49
Q

what is the currency of russia

A

ruble

50
Q

what was the name of the social democratic party in russia

A

Mensheviks

51
Q

what was the name of the communist party in russia ww1

A

Bolsheviks

52
Q

who was the leader of the bolsheviks

A

lenin

53
Q

what was one of the things the bolsheviks wanted

A

collectivism– giving land from large landowners to small

54
Q

what did the bolsheviks do with the industries in USSR

A

nationalize all of them

55
Q

what is the new economic policy in russia

A
  1. privatized some sectors but kept all heavy ones nationalized
  2. created a different tax structure based on percentage instead of forcing
56
Q

what did stalin do with the new economic policy after lenin died

A

he went away from it (state owned everything)

57
Q

who came to power after stalin in 1953

A

Nikita Khrushchev

58
Q

what were the russian elites called

A

nomenklatura

59
Q

what were the main points of shock therapy given to russia after 1991

A
  1. tried to privatize in 500 days
  2. created a voucher system of everyone owning a share of companies
60
Q

what was the problem with the voucher system in russia

A

a regular person did not know what to do with them so they quickly congregated into the hands of the nomenklatura

61
Q

what did the nomenklatura become after buying up all the vouchers

A

oligarchs

62
Q

who was the leader before putin

A

yeltzin

63
Q

who was the leader before yeltzin and in between Khrushchev

A

Gorbachev

64
Q

what did putin do when he came into power

A

break up and build up different oligarchs

65
Q

where is the european union capital

A

brussels

66
Q

where is the EU central bank

A

frankfurt germany

67
Q

what is the arab spring

A

uprising in the middle east due to a vendor being abused, lead to the government falling in tunisia

68
Q

what happened in lybia post arab spring

A

US helped overthrow Ghaddafi

69
Q

why did the arab spring have trouble causing more democratic institutions to be put into place

A

the anti-government movement was based on tribal lines making it hard for everyone to come together

70
Q

what type of political leaders does the middle class strive for

A

western democratic leaders

71
Q

what type of political leaders do poor people strive for

A

populist candidates

72
Q

what is political islam

A

political ideologies that have risen up based on islam that are authoritarian ideologies

73
Q

what is the capital of turkey

A

ankara

74
Q

what is the currency of turkey

A

lira

75
Q

where was the muslim brotherhood created

A

eygpt in the 1920s

76
Q

what was the difference between ron inglehart and william easterly thinking

A

Ron: richer the country the more they care about non-materialistic things
William: the more they care about materialistic things

77
Q

what did mathlus propose would happen

A

the more people means less food for people, the longer living societies will eventually collapse

78
Q

when was the chinese civil war

A

1949

79
Q

why does globalization hurt the middle class

A

outsourcing labor costs causes people to make less money in the country

80
Q

what type of culture does china have

A

merit based

81
Q

where would industrialization take place during the great leap forward

A

in the back of farms (called collectivized farming)

82
Q

what happened to the products made during the great leap forward in china

A

they were poor quality

83
Q

what did the soviets do during the great leap forward

A

took all the blueprints and left because they did not like it

84
Q

who replaces mao

A

deng

85
Q

what did deng to do change china

A

introduced state capitalism and imported from other countries

86
Q

what is a special economic zone (SEZ) in china

A

smaller areas where shock therapy could be tested and used to allow foreign countries to invest

87
Q

why were people protesting in Tiananmen square in 1989

A

they wanted more democratization and representation

88
Q

what was the outcome of tiananmen swuare

A

deng brought 200k army and hundreds were killed

89
Q

what are the 2 things political decay come from

A
  1. cognitive (fail to realize the change and adapt)
  2. political actors/elites (insiders to new system can game it)
90
Q

what is ISI

A

import substitution industrialization

91
Q

what does ISI do

A

helps protect domestic industries to allow them to grow until they can compete globally

92
Q

what type of law does iran use

A

shira law

93
Q

who is reza shah

A

the leader of iran during the world wars

94
Q

who did reza shah agree with

A

hitler

95
Q

who was the 1979 iranian revolution fought between

A

shah (backed by US and britain) vs Khomeini

96
Q

who won the iranian revolution

A

khomeini

97
Q

what is south koreas cartel called

A

chaebol

98
Q

what is the korean currency

A

won

99
Q

what was the problem economically with korea in the 90s

A

the chaebols were too big to fail but they still allowed them to fail (daewoo)

100
Q

after ISI what did korea change to

A

export lead growth