Final Review

Final Review - Short Answer Definitions G8 The Group of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Short Answer Definitions G8 – The Group of Eight is a an annual meeting of the heads of state from Canada, Russia, the United States, France, Britain, Germany, Italy, and Japan. Finance, state, and environment ministers also meet various times throughout the year. It was created in 1973 in the wake of the collapse of the Bretton Woods system with the goal of preventing a 1930s-like run on resources or hike in protectionism. Its primary function now is to attempt to coordinate the functions of other institutions of global governance, such as the IMF, WTO, and World Bank. This gives it great relevance to discussions of international relations and global governance; however the G8 has becoming increasingly controversial and arguably decreasingly effective. Global Governance – Global governance is the processes and institutions, both formal and informal, that guide and restrain the collective activities of the world’s peoples as a whole. It is therefore a combination of structures such as the WTO, IMF, and the UN, as well as more informal structures like multinational corporations and domestic laws of leading states. In either case, global governance is characterized by a normative foundation or shared understanding of desired goals and objectives, an agreed set of rules that give juridical shape to and operationalise the normative foundation, and a regulatory structure to monitor and enforce compliance with and determine changes to the rules, as well as solve disputes. Globalization – Globalization is the latest stage in a long accumulation of technological advances which have given humans the ability to conduct their affairs across the world without reference to nationality, government, time of day, or physical location. It is both a process and a condition. It began with the invention of the printing press and has accelerated from the industrial revolution through the advent of the internet. It is relevant to international relations because it has decreased the vertical concentration of power within states and increased the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/11/2008 for the course PSC 3315 taught by Professor Hinojosa during the Spring '07 term at Baylor.

Page1 / 4

Final Review - Short Answer Definitions G8 The Group of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online