The Global Interstatesystem

Question 1

It is the whole system of human interactions. The modern world system is structured politically as an interstate system - a system of competing and allying states

Answer 1

Global interstate system

Question 2

The world is divided to 3

Answer 2

1. Core
2. Semi periphery
3. Periphery

Question 3

High income nations in the world economy. They are dominant capitalist that exploit peripheral countries for labor and raw materials

Answer 3

Core

Question 4

Closer ties to the core. These are the countries with middle income countries, such as India and brazil

Answer 4

Semi periphery

Question 5

Called as low income countries, whose natural resources or labor support the wealthier countries. They are dependent to core countries

Answer 5

Periphery

Question 6

Represent the short term fluctuation of economy, while secular trends mean deeper long run tendencies, such as general economic growth or decline

Answer 6

Cyclical rhythm

Question 7

Mean deeper long run tendencies, such as general economic growth or decline

Answer 7

Secular trends

Question 8

Occurs if constellation of circumstances bring about the end of the system

Answer 8

Crisis

Question 9

Countries in core area

Answer 9

United States
Canada
Germany
Italy
United kingdom

Question 10

Semi periphery countries

Answer 10

Turkey
India
China
South Korea
Indonesia

Question 11

Periphery countries

Answer 11

Bangladesh
India
Philippines

Question 12

Is a movement towards political cooperation among transnational actors, negotiating responses to problems that affect more than one state or region. It may mean the process of designating laws, rules, or regulations intended for a global scale

Answer 12

Global governance

Question 13

Refers to the increasing importance of international trade, international relations, treaties, alliances, and many more international means between nations

Answer 13

Internationalization

Question 14

Refers to global economic integration of many formerly national economies into one global economy, mainly by free trade and free capital mobility, but also easy or uncontrolled migration.

Answer 14

Globalization

Question 15

The people that lives together and share the same culture, history, language or ethnicity and have a government

Answer 15

Nations

Question 16

Refers to the ability of a certain country to produce more or better goods and services than somebody else

Answer 16

Absolute advantage

Question 17

Refers to the ability of a country to produce goods and services at a lower opportunity cost not necessarily at a greater volume or quality

Answer 17

Comparative advantage