Chapter 11 - Globalization and the Future of Comparative Politics

Bretton Woods System

A post-WWII international financial order establishing fixed exchange rates and institutions like the IMF and World Bank.

Foreign Direct Investment (FDI)

Investment made by a company or individual in one country into business interests in another country.

Globalization

The process of increasing interconnectedness and interdependence among countries in economics, politics, and culture.

Intergovernmental Organization (IGO)

An entity created by multiple countries to promote cooperation and address common issues, such as the UN or NATO.

International Regime

A set of principles, norms, and rules that govern international relations in specific areas, like trade or climate change.

Multinational Corporation (MNC)

A large company operating and producing goods or services in multiple countries.

Nongovernmental Organization (NGO)

A nonprofit group operating independently of governments to address social, political, or environmental issues.

Offshore Outsourcing

The practice of contracting business processes or services to foreign companies to reduce costs.

Trans-Pacific Partnership (TPP)

A proposed trade agreement aimed at deepening economic ties among Pacific Rim countries, emphasizing trade liberalization and cooperation.