IR Exam 2 Flashcards
(42 cards)
Drones
- Another term for unmanned aerial vehicles; these small flying vehicles, which can be armed or unarmed, are increasingly used in combat and reconnaissance operations
- No laws that govern them
Tactical Nuclear Weapons
- Low-yield devices with about a third of the explosive power of the atomic bomb used in Hiroshima; designed for battlefield use; can take the form of artillery shells, bombs, or short-range missiles
North Korea/ Kim Jong-Un
- An authoritarian state led by Kim Jong-Un since 2011, known for its pursuit of nuclear weapons, military-first policies, and isolationist stance; often in conflict with the U.S. and allies but occasionally engages in diplomacy, highlighting the complex balance of conflict and cooperation in global politics.
Mercantilism
- an economic policy that combines business and
government. The government uses its power to enhance private business,
and private business provides revenues to the government to maintain
and enhance its power
Protectionism
- protecting a state’s economy from foreign competition
Tariffs
a tax levied on imported goods and services
Non-tariff Barriers
- Restrictions on trade that do not involve tariffs, such as quotas, import licenses, subsidies, or strict regulations and standards; often used to protect domestic industries and can lead to international trade disputes, affecting cooperation between states.
Ex: Quotas, Subsidies
Quotas
- limit the amount of a particular good that can be imported within a given time period
Subsides
- providing money or other valuable assets designed to lower the cost of production or to shield a product from global competition
Comparative Advantage
- countries should
produce the goods and services that they can produce most efficiently in comparison to other goods and services. Focus on what you are good at – trade for the rest!
General Agreement on Trade and Tariffs (GATT)
- A 1947 international treaty aimed at reducing trade barriers like tariffs and promoting free trade. It later led to the creation of the World Trade Organization (WTO) in 1995.
World Trade Organization (WTO)
- established in 1995 to replace GATT
– currently 164 members
- An international organization that regulates global trade by enforcing trade agreements, resolving disputes, and promoting free trade; aims to reduce conflict and encourage cooperation among member states through rules-based economic interaction.
International Monetary Fund (IMF)
- provides financial assistance to countries facing deep and persistent balance-of-payments difficulties
(when the net flow of money out of the country is much greater than inflow)
World Bank
- focuses mainly on lending money to countries for long-
term economic development projects
Ex: Dams, road construction, poverty reduction initiatives
Foreign Direct Investment
- the acquisition by residents
of one country of control over a new or existing
business in another country
KOF Index of Globalization
- measures the
economic, social and political dimensions of
globalization.
Ex: Top 5 Most Globalized Countries: Netherlands, Switzerland, Belgium,
United Kingdom, and Germany.
United Nations (UN)
- An international organization founded in 1945 to promote peace, security, human rights, and development. It provides a global platform for diplomacy and cooperation among 190+ member states.
Security Council
- The UN body responsible for maintaining international peace and security. It has 15 members—5 permanent (U.S., U.K., France, Russia, China) with veto power, and 10 rotating members elected for 2-year terms.
General Assembly
- The main deliberative body of the UN where all 193 member states have equal voting power. It discusses global issues, passes non-binding resolutions, and approves the UN budget.
International Court of
Justice (ICJ)
The UN’s main judicial body that settles legal disputes between states and gives advisory opinions on international legal issues. Located in The Hague, its rulings are binding but rely on state compliance.
Mutually Assured Destruction (MAD)
- A Cold War-era doctrine where two opposing states possess enough nuclear weapons to destroy each other, deterring both from launching a first strike due to guaranteed catastrophic retaliation—promoting stability through fear of total annihilation.
P-5
- The five permanent members of the UN Security Council—China, France, Russia, the United Kingdom, and the United States—who hold veto power and play a dominant role in maintaining international peace and security, reflecting post-WWII power dynamics.
What are some examples of protectionist trade policies? What are some benefits to free trade? Why are some opposed to free trade?
- Protectionist Policies: Tariffs, import quotas, subsidies to domestic industries, and import bans.
- Benefits of Free Trade: Lower prices, more choices for consumers, access to foreign markets, and increased economic efficiency.
- Opposition to Free Trade: Fears of job losses, harm to local industries, wage suppression, and poor labor/environmental standards abroad.
Which countries have nuclear weapons? What is the Non-Proliferation Treaty (NPT)?
- Countries with Nuclear Weapons: U.S., Russia, China, U.K., France (recognized by NPT); plus India, Pakistan, North - Korea (not in NPT), and Israel (undeclared).
- NPT: A 1970 treaty aiming to prevent the spread of nuclear weapons, promote peaceful nuclear energy, and work toward disarmament.