The future of comparative politics

Globalization

The process of expanding and intensifying linkages between states, societies, and economies

multinational corporation

A firm that produces, distributes and markets its goods or services in one or more countries

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Ex: Apple

nongovernmental organization

a national or international group, independent of any state, that fosters policy objectives and public participation

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Ex: Red Cross

intergovernmental organization

groups created by states to serve particular policy ends

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Ex: UN

international regime

the fundamental rules and norms that link states together and shape their relationship to one another, usually regarding a specific issue

Bretton Woods system

an economic regime that manages international economic relations: this includes the international monetary fund, the world bank and the world trade organization

forign direct invesment

the purchase of assets in a country by a foreign firm

offshore outsourcing

a process by which a firm moves some of its work to a secondary business, outside the home country, that can do the work more effectively or cheaper

Trans-Pacic Partnership

proposed agreement among 12 countries to liberalize trade through reduced tariffs and common regulations, abandoned by the U.S in 2017

North American Free Trade Agreement

an agreement between Canda, Mexico and the U.S that liberalizes trade between the three countries, renegotiated and replaced in 2020

ASEAN

Association of Southwest Asian Nations, no criteria trying to promote trade among themselves (1967)

APEC

Asia- Pacific Economic cooperation (1989) goal was to interact with ASEAN to get those countries to where they are

TPP

makes of 40% of global GDP

CPTPP

what TPP became after Trump pulled out in 2015

RCEP

Basically TPP with China and without the U.S, countries can be in both though

astroids

important material that will impact global development

democracy, economy, peace, climate change

4 problems tied to the fate of the world

Austerity

voluntary deflation

stimulus

going into more debt to have people boost revenue

\- was not successful in the US

Code red for humanity

In terms of climate change, according to the UN what are we in

true

We may reach 1.5 degrees celsius of warming much sooner than previously expected (2040)

True

Human-caused climate change is already affecting every region of the globe

true

Extreme weather will get worse

true

Many changes to the earth are irreversible for centuries and millennia

true

As emissions and temperature increase, earth’s water cycle becomes more intense

African Union

continental union with 55 member states in Africa, no membership required