WEEK 2: GLOBAL INTERSTATE SYSTEM Flashcards
this tried to address the different problems in the world
the united nations
8 millennium development goals of 2015
- eradication of the extreme poverty and hunger
- achieving universal primary education
- promoting gender equality and women empowerment
- reducing child mortality
- improving mental health
- combating diseases like hiv/aids and malaria
- ensuring environmental sustainability
- having global partnership for development
true or false: based on the 8 millennium development goals of 2015, standards of living in one country is equal to the standards of living of another country
false
in the philippines, a person is officially living in poverty if he makes less than this amount a year
100,534 pesos
a person is officially living in poverty if he makes less than 100,534 pesos a year; this is called the ________ or the ___________
poverty line, poverty threshold
according to UN (2015), this is a condition characterized by severe deprivation of basic human needs such as food, drinking water, sanitation facilities, health, shelter/home, education & information
extreme poverty
according to the UN (2015), extreme poverty is characterized by severe deprivation of basic human needs such as:
- food
- drinking water
- sanitation facilities
- health
- shelter / home
- education & information
3 types of fairness discussed in the presentation
equality, equity, liberation
this is the mortality of children under the age of 5
child mortality
child mortality is the mortality of children under the age of ___
5
this, also known as under-five mortality rate, refers to the probability of dying between birth and exactly five years of age expressed per 1000 live births
child mortality rate
another term for the child mortality rate
under-five mortality rate
the child mortality rate refers to the probability of dying between _________ and ________ expressed per 1000 live births
birth, exactly 5 years of age
global partnership = ?
development of the country
in 2015, UN reported _____ people still living in extreme poverty, but that is down to ______, so there is success or at least a lot of progress
836 million, 1.9 billion
this is the biggest contributor to the decreasing poverty rate
economic globalization
refers to the increasing interdependence of world economies as a result of the growing scale or cross-border trade of commodities and services, flow of international capital, and wide and rapid spread of technologies
economic globalization
2 types of economies associated with economic globalization
protectionism, trade liberalization
a policy of systematic government intervention in foreign trade with the objective of encouraging domestic production
protectionism
this involves giving preferential treatment to domestic producers and discriminating against foreign competitors
protectionism
trade protectionism comes in these 2 forms
quota & tariffs
this is the expected number of supplies regardless of the demand
quota
these are the required fees on imports and exports
tariffs
protectionism involves giving ___________ to domestic producers and _______________ against foreign competitors
preferential treatment, discriminating
this is said to be influenced by world war ii
liberalization
free trade agreements and technological advances in transportation and communication mean goods and services move around the world more easily than ever
liberalization
economists call the idea of liberalization as _______, the idea that countries can skip straight to more efficient and cost-effective technologies that were not available in the past
leapfrogging
social institution that organizes production, consumption, and trade of goods in the society
people
in market integration, production typically splits into these 3 sectors
primary sector, secondary sector, tertiary sector
major economies suffered because of these 3 causes
world war i, the great depression, and world war ii
the 5 key elements of the bretton woods system
- gold value
- official monetary authority
- overseer
- elimination of restrictions in currencies
- u.s. dollar became the global currency
was an international monetary system that established fixed exchange rates for currencies after world war ii. it was designed to promote economic growth and stability, and to prevent competitive devaluations
bretton woods system
these 2 establishments were founded after world war ii; their establishment was mainly because of peace advocacy after the war, and they aimed to help economic stability of the world
imf (international monetary fund) and the world bank
true or false: the reputations of the imf and wworld bank has been dwindling mainly because of wrong practices
true
trade pact between united states, mexico, and canada created on january 1, 1994, when mexico joined the otehr nations
north american free trade agreement (nafta)
this helps in developing and expanding world trade by developing international cooperation
nafta
when was nafta established
january 1, 1994
3 countries involved in nafta
united states, mexico, canada
nafta aims to increase _________ for improving __________ in north america by reducing barriers to trade as it expands the markets of these 3 countries
cooperation, work conditions
people learned how to domesticate plants and animals, they realized that it was more productive than hunter-gatherer societies
agricultural revolution
came newer economic tools, like steam engines, manufacturing, and mass production
industrial revolution
these are 2 competing economic models
capitalism, socialism
this means that all natural resources and means of production are privately owned
capitalism
this means that property is owned by the government and allocated to all citizens
socialism
4 factors behind the emergence of global governance
- declining power of nation-states
- vast flows of all sorts of things
- mass migration of people
- horrendous events within nation-states
these are the 2 effects of globalization to government
- each state is autonomous unto itself and responsible within its own system of government to those who are governed
- policy is developed and implemented in the interest of the people of a state by a specific government
