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What is nato?
A collective defence of 31 Western aligned member states
Attack on one is an attack on all
Pros and cons of nato
us funds 70% of nato budget - this unequal burden gives them more power + current events
NATO expansion prospects create tension eg Ukraine in 2022
what is ANZUS?
an alliance promoting regional security as China grows in influence
Economic interdependence for these nations
Military cooperation
Pros and cons of ANZUS
Promotes trade between US and the nations
New Zealand anti nuclear law strained relations w/ US and got them banned from ANZUS
Strong alliance w/ US alienates them from Pacific nations
What is the EU
Sort of a regional superpower
Tariff free trade among member states
Key players in global agreements
Pros and cons of the EU
Powerful member nations give it high negotiating power around trade etc
Economic and political differences between member states hinder decision making
Uk leaving degreases power as UK is a major soft power
Relies on un and us for military security
What is the USMCA?
a North American trade bloc which allows free trade between member states
Pros and cons of USMCA
Economic interdependence
FDI into Mexico → aids development
promotes regional manufacturing
USA dominates the agreement + benefits most
Focusing on regional trade may reduce competitiveness
What is ASEAN?
an alliance between SE Asian nations which promotes economic and political collaboration
Pros and cons of ASEAN
stronger ties w/ Japan china and South Korea
Unity of South China Sea disputes
Developmental disparity means different goals
High reliance on china - their largest trading partner
China looms
What is R2P?
it’s the responsibility to protect populations from genocide, war crime, crimes against humanity and ethnic cleansing
It is a global principle since the UN world summit 2005
What is the OECD?
an IGO which makes decisions on economic policy
Made up of 38 member nations committed to democracy and market economy
Pros and cons of OECD
market economy increases profit for TNCs → more profit for nations
Most oecd countries are ‘developed’ and this can lead to preferential decision making