1/95
Flashcards summarizing key concepts and vocabulary from the International Studies lecture notes.
Name | Mastery | Learn | Test | Matching | Spaced |
---|
No study sessions yet.
Transnational
Issues that cross state boundaries, affecting multiple countries.
Relational
The concept that events in one part of the world can impact other regions.
Inclusive
Considering various perspectives from different countries and regions.
Interdisciplinary
Utilizing multiple academic disciplines to understand global issues.
Eurocentrism
A perspective that prioritizes Western Civilization in understanding global history.
Worldcentrism
A viewpoint that considers global historical influences beyond the West.
Contingencies
Historical events that depend on prior occurrences.
Accidents
Historical events caused by unpredictable natural forces.
Conjunctures
The interaction of accidents and contingencies that create significant historical events.
Capitalism
An economic system characterized by the continual expansion of capital through various stages.
Social Division of Labor
Assigning all tasks of producing a single commodity to one person.
Technical Division of Labor
Dividing labor into specialized tasks performed by different individuals.
Unequal Exchange
Exploiting wage differences by shifting labor from high-wage to low-wage countries.
Core Countries
Nations that are the most exploitative in the global economy.
GDP per capita
The monetary value of goods and services in a country divided by its population.
Global Militarization Index
Measures a country's military spending, personnel, and heavy weaponry.
Multinational Corporations
Companies that engage in foreign direct investments and can operate geographically flexibly.
Foreign Direct Investment
Investment in foreign assets by a corporation in another country.
Brownfield FDI
Acquisition of a majority stake in a foreign company through a merger.
Greenfield FDI
Building new facilities in a foreign country by a corporation.
Corporate Veil of Distance
Legal principle preventing CEO accountability for overseas operational wrongdoing.
Transfer Pricing
Accounting practice to declare profit differentials for tax advantages.
Creative Destruction
the destruction of a previous configuration of global capitalism in response to a crisis so that a new configuration of global capitalism can emerge
Neoliberalism
economic policies whose goal is to have wealth redistributed upward through privatization, deregulation, and low taxation.
Privatization
The shift of assets from public to private ownership.
Deregulation
Removal of government restrictions on how markets operate.
International Monetary Fund (IMF)
An organization that provides loans to countries in financial distress with conditions.
Balance of Payments
A financial statement detailing a country's credit and debt in global transactions.
Structural Adjustment
IMF loans with conditions aiming to implement neoliberal policies in borrowing countries.
Exports
Commodities produced in one country and sold to another.
Imports
Commodities that are purchased by one country from another.
Primary Sector
Economic activities based on extraction of raw materials.
Secondary Sector
Manufacturing activities converting raw materials into finished goods.
Tertiary Sector
Economic activities focused on providing services.
Core Model of Trade
Trade patterns defined by proximity and economic size.
Trade Liberalization
Reducing protection for domestic markets against foreign imports.
Subsidies
Government financial support to aid domestic exporters and limit imports.
Import Substitution Industrialization (ISI)
Trade policies aimed at replacing foreign imports with domestic production.
Most Favored Nation
A member country must grant the same trade concessions on a commodity granted to one member country to all member countries’ ‘like’ commodities → all foreign imports must be treated the same
National Treatment Policy
A member country must grant the same tax concessions on a domestic commodity to a ‘like’ foreign commodity from a member country → treat domestic goods the same as foreign goods
World Trade Organization (WTO)
An international body regulating global trade between nations.
Trade Dumping
Selling a commodity abroad at lower prices than in the domestic market.
Security Exceptions
WTO provision allowing trade restrictions for national security.
Labor Regulation
Rules governing the types of workers that can exist in a market.
General Conditions of Production
Infrastructure necessary for capital that is not provided by private enterprises.
Imperialism
A state's power extension to control other states for resource acquisition.
The Nation
A political community defined as limited, imagined, and sovereign.
Hot Nationalism
Political mobilization for the defense of a capitalist state.
Banal Nationalism
Everyday practices that reinforce national belonging and unity.
Negative Orientalism
Representations that portray the East as inferior to justify domination.
American Yoga
A form of yoga shaped by Western consumerism and Eastern positive orientalism.
Individual Capital
A single company's involvement in capital accumulation.
Sectoral Capital
A group of firms producing similar commodities.
National Capital
The overall sum of individual and sectoral capital in a capitalist state.
Flagging
Subtle everyday reminders of national identity.
Founding Myths
Narratives explaining the emergence of a nation and its values.
Trade Protectionism
the protection of a domestic market from the competition of a foreign country’s imports
Tariffs
Taxes on foreign imports that make them more expensive to domestic consumers
Quotas
Limits imposed on the number of imports into a domestic market during a govern period of time
Technical Regulations
rules imposed on the features of a product, such as size, shape, performance, or labeling
Nondiscrimination
WTO trade policy stipulations that members must treat other members equally in international trade.
Trade Related Aspects of International Property Rights (TRIPS)
An international agreement that establishes minimum standards for the legal protection of copyrights (works of authorship) and patents (technological inventions) among WTO members)
Agreement on Agriculture (AoA)
establishes the reduction of WTO member countries’ domestic subsidies for specific agricultural products, agriculture infrastructure, and agricultural research
Ongoing Disputes
trade conflicts between core member countries that continue for decades without immediate resolution
The Capitalist State
a political entity made up of state managers (politicians and bureaucrats) whose responsibility is to ensure the reproduction of national capital as whole
Labor Discipline
the use of legal or police force towards labor to ensure capital has the upper hand
Competition Cost Reduction
The distribution of government support and money to private companies to reduce the costs and risk of market competition
Ultimate Guarantor
The guaranteed support of the capitalist state in the event of a crisis of national capital
Remembering and Forgetting
A form of flagging that involves forgetting a nation’s history of hot nationalism that is remembered only as patriotism throughout national history
Symbols of Statehood
items that bear national emblems or icons such as flags, coins, banknotes, license plates.
Patriotic War
conflicts that test and solidify the nation
Inside and Outside
A form of flagging that involves the naturalization of national borders and peoples as patriotic that were historically constructed by hot nationalism.
Orientalism
A colonial system of representation that establishes a binary opposition between the West and the East
Postive Orientalism
representations that define the “rational” West as “inferior” and the “irrational East as “superior to justify appropriation of the East.
Common Stereotypes
The East as all of these traits with their various connotations based on whether positive or negative orientalism is in use: Irrational (violent/spiritual); Ahistorical (static/authentic); feminine (profane/sacred), inscrutable (dangerous/mystical).
Body postures
Improving the body is the primary end that reflects a person’s self-development
Physical Health
medical explanations of the benefits of body postures are emphasized (BMI, flexibility, blood pressure, heart rate, body fat, etc.)
Universal
Available to anyone in the market regardless of one’s ethical, philosophical, national, ethnic, or religious identity.
Individualistic
Consumers can choose from a variety of individual regiments according to their personal lifestyle and schedules.
Spirituality
representations that emphasize the East as a place of spiritual rejuvenation.
Femininity
representations that emphasize the East as divinely feminine
Inscrutability
Representations emphasize the East as ultimately unknowable and mysterious
Unequal Exchange Principle
trade flow between core and periphery are unequal due to respective differences in goods traded with each other (cheap labor, raw materials from periphery, and high profit consumption goods from the core)
Distance Principle
Countries that are close together often trade with each other. The larger the distance, the more expensive the trade becomes
Size Principle
Countries that have similar sized economies are more likely to trade with each other
Capital goods
goods that being bought and sold between companies
Consumer goods
a finished good that is sold in the consumer market
Quota system
A subscription amount that is based on the size of member country’s economy that also determines a member country’s voting power in the IMF
Loans with Conditionalities
A loan that has policy conditions attached to it that a borrowing country must agree to in order to receive the money
Macro-Conditionalities
A loan with conditions that stipulate what a borrowing country must do
Micro-Conditionalities
A loan with conditions that stipulate what a borrowing country must do AND how they are going to do it
Balance of payments crisis
when a country is paying out a lot more to other countries than what they’re getting from them in trade and they can’t afford to pay the difference with their national assets.
Low Taxation
Reduction of personal and corporate tax rates for the wealthy
Subscription Amount
countries that have a larger economy have to pay more money to be a member of the IMF
Voting Power
the amount of voters is determined by the amount of money you pay (in the size of your economy)
Global Diplomacy Index
measures the total amount of embassies, consulates, and permanent missions of a country in a year