{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Study Guide for Final Exam 11-30-09

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

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

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

View Full Document Right Arrow Icon
Special Drawing Right (SDR)-world currency (can only exchange for other currency) Balance of Payments-financial statement of a state Keynesian Economics-gov’ts can spend more than they bring in order to stimulate growth Fiscal Policy-gov’t 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
Image of page 2
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
Image of page 3

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

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern