Study Guide for Final Exam 11-30-09

Study Guide for Final Exam 11-30-09 - GLS 116 Final...

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Unformatted text preview: GLS 116 Final Goldstein Text Chapter 5 Mercantilism-protect own interests at expense of others Liberalism-building international organizations, institutions, trade, trade beneficial, matter whether state is gaining in relative terms not in terms of other countries Autarky-self reliance Dumping-selling products in foreign markets at a loss to wield out international competition. WTO-promotes and monitors international trade, successor to GATT GATT-General Agreement on Tariffs and Trade (just a framework, WTO was the org) MFN-Most Favored Nation-trade restriction placed on one WTO member must be placed on everyone equally GSP-Generalized System of Preferences-Industrial states give concessions towards developing countries Uruguay Round- 1990s, Europe ended most Farm Subsides, Asia protected intellectual property Doha Round-2001 developing countries angry about subsidies, ended Hong Kong export subsidies NAFTA Hard Currency-readily convertible currency Floating exchange rate-exchange rates determined by markets Managed Float System-when a government buys and sells its currency to manipulate its value Devaluation-lowering the fixed value of a currency Discount Rate-interest rate government charges to private banks to loan money Bretton Woods System-World Bank was created International Monetary Fund-coordinates currency exchanges, balances of international payment Special Drawing Right (SDR)-world currency (can only exchange for other currency) Balance of Payments-financial statement of a state Keynesian Economics-govts can spend more than they bring in order to stimulate growth Fiscal Policy-govt decisions on taxation and spending Monetary Policy-Printing and circulating money Chapter 7 Millennium Development Goals-targets for basic needs measures Malnutrition is lack of proper foods and vitamins Undernourishment-lack of calories Subsidence Farming-communities grown their own food Refuges-people fleeing to find refuge from war Neocolonialism-continuation of colonial exploitation without political control Dependency theory-South has not growth because of debt, history, etc Enclave Economy-foreign capital is invested in order to extract natural resource NIC-Newly Industrialized Countries Four Tigers of East Asia-South Korea Taiwan Hong Kong and Singapore Microcredit-small loans to poor people who support each other in repaying loans Brain Drain-losing skilled workers to larger countries Paris Club-State Creditors Debt Renegotiation London Club-Private New International Economic Order-shift in terms of trade in to favor primary commodities needed in manufacturing Development Assistance Committee-rich states that give aid Bilateral Aid-State to State Multilateral Aid-through UN agencies UNDP-UN development Program Oxfam America Model-people need to be able to feed themselves Chapter 8 Tragedy of the commons-collective goods dilemma involving communal grazing land; becomes overcrowded and everyone is hurt Enclosure-Splitting commons into privately owned land...
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This note was uploaded on 06/26/2010 for the course HIST 105 taught by Professor Hannigan during the Spring '10 term at Bentley.

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Study Guide for Final Exam 11-30-09 - GLS 116 Final...

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