exam terms - 1. ASEAN (Association of Southwest Asian...

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1. ASEAN (Association of Southwest Asian Nations) - a geo political and economic organization of 10 countries - located in south east asia - formed in 1967 - aims to accelerate: o economic growth o social progress o cultural development o protection of peace and stability among its members - Members: Indonesia, Malaysia, Cambodia and Vietnam - 2. Bretton Woods System: - a system of monetary management which established the rules for commercial and financial relations along the world’s major industrial states - first example of a fully negotiated monetary order - intended to govern monetary relations along independent nation states 3. Cold War - 1945-1991 - State of political conflict, military tension, and economic competition existing after WW2 - Between Soviet Union and the powers of the Western World - Soviet Union, US, United Kingdom, France disagreed during and after WW2 about configuration of the post-war world - Soviet Union collapsed in 1991, leaving US as the dominant military power 4. Common Agricultural Power (CAP) - The creation of a common agricultural policy was proposed in 1960 by European Commission - CAP is a system of European Union agricultural subsidies and programs o Represents about 44% of the EU budget - Six member states intervened with regard to what was produced, maintaining prices for goods, and how farming was organized - Main objectives: a.i. Increase productivity a.ii. Ensure a fair standard of living for the agricultural community a.iii. Stabilize markets a.iv. Secure availability of supplies a.v. Provide consumers with food at reasonable prices 5. Cosmopolitanism - The argument that morality is universal: a truly moral rule/code is applicable to everyone - The idea that humans should be considered as a single moral community with some rules that applies to everyone - The ultimate source of meaning and value in human life resides in the individual (or God.) - Argue that despite this division of humanity into seprate communities, it is possible to identify with and have a moral concern for humanity - Humanity= single moral community Includes: there is no good reason for ruling any person out of ethical consideration Obligations and rules that govern the universal community - Major tasks: o defend moral universalism
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6. Dumping - the act of a manufacturer in one country - exporting a product to another country at a price which is either below the price it charges in its home market or is below its costs of production - supporters of free market see “dumping” as beneficial for consumers o they believe that protectionism to prevent ‘dumping’ would have net negative consequences 7. Europeanization - referred to as “becoming more European like” - emphasises what is known as the “top-down approach” with change derived fro the impact of the Union onto the national policy - state is viewed as re-active towards changes in the union - “bottom up approach” occurs when states begin to affect the policy of the European Union in a given area
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exam terms - 1. ASEAN (Association of Southwest Asian...

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