The Global Interstate System Flashcards
a territorially bounded sovereign polity that is ruled in the name of a community of citizens who identify themselves as a nation.
Nation-State
▪
Nation–states: territorial organizations characterized by the monopolization of
legitimate violence
qua states
Nation–states: membership associations with a collective identity and a
democratic pretension to rule
qua nation
The belief that globalization imposes a FORCED CHOICE upon states either to conform to free market principles or run the risk of being left behind
Golden straitjacket
Illustrate the forcing of states into policies that suit the preferences of investment
houses and corporate executives (Electronic Herd-live nervous system of the world’s
capital markets such as New York, London, Paris, Hong Kong) who swiftly move
money and resources into countries favored as adaptable to the demands of
international business and withdraw even more rapidly from countries deemed
uncompetitive.
Golden straitjacket
Illustrate the forcing of states into policies that suit the preferences of investment houses and corporate executives (Electronic Herd-live nervous system of the four world’s capital markets such as _______) who swiftly move money and resources into countries favored as adaptable to the demands of international business and withdraw even more rapidly from countries deemed uncompetitive.
New York, London, Paris, Hong Kong
Countries are compared to __________ ____ where the states and their government are rewarded and punished similar to buying and selling shares of individual companies.
individual stocks
States also have lost an important element of ___________________ and that neo liberalism is beyond contestation
economic sovereignty
two things that will happen if a country is in Golden Straitjacket:
the economy grows and politics shrinks.
It is a straitjacket because it narrows the _________ and _________________ of those in power to relatively tight parameters.
political and economic policy choices
A contemporary economic ideology that emphasizes the value of FREE market competition and is most commonly associated with LAISSEZ-FAIRE.
Neoliberalism
used to refer to market-oriented reform policies such as: eliminating price controls, deregulating capital markets, lowering trade barriers, and reducing, especially through privatization, state influence in the economy.
Neoliberalism
The power of the national governments to make decisions independently from those made by other governments.
Economic Sovereignty
Globalization as an increase in the international integration of markets for goods, services, capital and labor, is also a ____________ of national sovereignty.
counterpoint
Four Different Concepts of Sovereignty
International Legal Sovereignty
Westphalian Sovereignty
Interdependence Sovereignty
Domestic Sovereignty