Politics - Terrorism & Intro to Trade

Flashcards about Terrorism and Trade

Terrorism

Premeditated threat or use of violence against noncombatant targets by individuals or groups to obtain political or social objectives through intimidation of a larger audience.

Transnational Terrorism

Involves perpetrator and victim from different countries or aimed to alter behavior of a foreign government

Rationality

Purposive behavior or the strategies by which individuals or groups pursue their interests.

Extremist Interests

Interests not widely shared by others

Four principal strategies of terrorism

Coercion, spoiling, provocation, and outbidding

Coercion Strategy

Imposing (or threatening future) costs (usually civilian deaths and injuries) to coerce the target (the government) into making concessions

Provocation Strategy

Provoke target government into a disproportionate response that alienates moderates in the terrorists’ home society or in other sympathetic audiences

Spoiling Strategy

Sabotage a prospective peace between the target and moderate leadership from home society

Outbidding Strategy

When there is competition between two or more terrorist networks or factions for support within their home population

International Trade

Prices of imported goods are affected by tariffs and quotas!

Absolute Advantage

The ability for a country or firm to produce more of a particular good or service than other countries or firm can produce with the same amount of effort and resources

Comparative advantage

The ability for a country or individual to produce a good or service at a lower opportunity cost than another country or individual