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
refers to the acceptance of a given state as a member of the international community
International Legal Sovereignty
is based on the principle that one sovereign state should not interfere in the domestic arrangements of another.
Westphalian Sovereignty
is the capacity and willingness to control flows of people, goods and capital into and out of the country.
Interdependence Sovereignty
is the capacity of a state to choose and implement policies within the territory.
Domestic Sovereignty
The increase of the number of international organizations and the expansion of their functions have undeniably unrestricted an individual country’s sovereignty to certain extent. (T or F)
False (restricted)
The most typical example is the increasingly extensive involvement of the world’s three leading financial institutions:
The World Bank, the International Momentary Fund (IMF) and the World Trade Organization (WTO)
Many underdeveloped nations that resorted to foreign assistance and interventions resulted to the ____________ of government as regard control of their economy due to the disorderly domestic economic establishments.
deprivation
some of the world’s leading economic entities, such as the United States, the European Union and Japan, by taking advantage of their predominant economic status, are _________ or infringing upon other countries’ economic sovereignty.
affecting
While countries inevitably cede some control over their economic sovereignty to external actors, it is the “________ _____” of sovereign states which still dictates the terms and tenets of globalization.
structural power
is the process of industrial, political, legal, economic, social, and cultural integration of states wholly or partially in Europe and has primarily come about through the European Union and its policies.
European integration
, is an international organization comprising 27 European countries (United Kingdom has left EU last January 2020) and governing common economic, social, and security policies.
European Union (EU)
(EU), is an international organization comprising ___ __________________ (United Kingdom has left EU last January 2020) and governing common economic, social, and security policies.
27 European countries
can be defined as group of people who are bound together into a single
body, through history, customs, value, language, culture, tradition, art and religion.
Nation
can be defined as a patch of land with a sovereign government.
state
