Test 1 Flashcards
(37 cards)
Globalization
The process by which businesses or other organizations develop international influence or start operating on an international scale
Dimensions on globalization
Economic Political Military Cultural Ecological
Capitalist world economy
Book that focuses on the two central conflicts of capitalism, bourgeois verses proletarian and core verses periphery
Capitalism
An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state
Capital profit
A capital gain which is arise from the sale of capital asset such as a stock, bond, real estate, etc when the asset is sold at a price which exceeds the purchase price the profit is capital profit capital gain are also taxable
World systems theory
An approach to world history and social change that suggests there is a world economic system in which some countries benefit
Seniperipheqy nations
Middle income
Industrializing
Moving towards becoming core nations
Periphery nations
Low income
Need investment from other countries
Core nations
High income
Industrialized
International vs global
International has a smaller scope encompassing only two or more countries while global has a much larger scope which includes the whole world
The military industrial complex
An informal alliance between a nations military and the defense industry that supplies it
Hegemony
Leadership or dominance especially by one country or social group over others
Proletariat; bourgeoisie
The class that in contrast to the proletariat or wage-earning class is primarily concerned with property values
Imperialism
A policy of extending a country’s power and influence through diplomacy or military course (ruled by an emperor )
Colonialism
The policy or practice of aquiring full or political control over another country, occupying it with settlers and exploiting it economically
Neo-colonialism
The use of economic, political, cultural, or other pressures to control or influence other countries especially former dependencies
Global governance
A movement towards political cooperation among transnational actors aimed at negotiating responses to problems that affect more than one state or region
International Monetary Fund
An organization consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, etc
World bank
An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects
World trade organization
An intergovernmental organization that is concerned with the regulation of international trade between nations
GMO
A genetically modified organism that any organism whose genetic material has been altered using genetic engineering techniques
Supply chain
A network between a company and its suppliers to produce and distribute a specific product to the final buyer
The Cold War
A period of tension between the Soviet Union and the US and their respective allies from 1947-1991
Laissez-faire
A policy or attitude of letting things take their own course, without interfering
