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Budget Deficit
Spending is greater than revenue.
Trade Imbalance/Deficit
Imports are greater than exports.
Tariff
A tax on imported and exported goods.
WTO (World Trade Organization)
Enforces international trade laws and regulates trades.
Intellectual Property Laws
Protects inventions, brands, and other types of intellectual property.
Nuclear Arsenal
A collection of nuclear weapons kept by countries.
Superpower
A very influential and dominant nation.
Economic Refugees
People who leave their countries in search of better economic opportunities.
Free Trade
No fees or regulations placed on trade.
International System
Global relations including international cooperation, laws, and regulations.
Subsidies
Money given by government to industries.
Recalls
Products withdrawn due to dangerous properties.
Foreign Aid
Help in the form of money or basic necessities provided to areas in need.
Autonomy
Independence and self-determination.
Separatist
People wanting to become separate from their country.
Prison Labor
Using inmates as laborers, a controversial practice.
International Arms Market
Purchasing or selling of weapons globally.
Reunification
Rejoining previously separated countries.
Open Society
Free flow of information and ideas in a society.
Offensive Weapon
Weapons that attack rather than defend.
Coalition
An alliance made up of diverse groups for a common cause.
International Law
A set of rules for the entire globe.
Sanctions
Restrictions imposed on countries as punishment.
Non-Interventionist
Avoiding contact or intervention in other countries.
Dissident
Someone avoiding official policies.
Canton System
Restriction of trade with foreign merchants to the southern city Guangzhou.
Pan-Asianism
Asian unity or Japan’s excuse for taking over China.
Warlordism
Rule by regional military leaders during chaotic times.
Imperialism
Domination of a country by another.
Dazibao
Posters used to express opinions during the Cultural Revolution.
Proletarian
Working-class in Marxism.
Revisionist
Someone who changes core ideas of a belief or ideology.
Struggle Meeting
A meeting to humiliate opponents during the Cultural Revolution.
One Country, Two Systems
Hong Kong and Macau could keep separate systems after reunification.
Dynasty
A line of rulers from the same family.
Dynastic Cycle
The rises and falls in dynasties.
Mandate of Heaven
Rulers are chosen by divine right.
Confucianism
Emphasizes good character, morals, filial piety, and maintaining order.
Filial Piety
Respect for elders and parents.