VCE Australian & Global Politics Unit 2 AOS 1
Colour coding: Case studies
State: Central actor in global politics w/ a permanent population, defined territory and recognised sovereignty.
Citizenship: Member of a community w/ specific rights, privileges and responsibilities.
Environmentalism: Concern about and action towards protecting the environment.
Global community: People, states and non-state actors that are connected by technology who are economically, socially and politically interdependent.
Global actor: A state, IGO, NGO or TNC that is involved in global politics.
National interests: Pursued to ensure survival and potential growth of the state. States implement policies and harness types of powers to achieve national interests and maintain state sovereignty.
Non-state actors: Global actor that is not a state and not required for global governance. This includes non-profit organisations and terrorist groups.
Social connectedness: the frequency and ways people come together and interact with each other
Power: Ability of a global actor to be influential to others.
Multilateralism: A system of coordinating relations between 3+ states to pursue certain objectives.
Unilateralism: When a state is acting alone, with little consideration for other global actors when pursuing foreign policy objectives.
Globalisation: The acceleration of exchanges of goods, services, labour and capital. This promotes global independence. This is aided by rapid changes in tech and communication.
Iron Curtain: A political, military and ideological barrier inflicted by the Soviet Union following WWII to block itself + central Europe from communicating with the West and noncommunist areas. The division between communist countries in Eastern Europe and Western Europe.
Fall of the Iron Curtain: When the Berlin Wall fell in 1989 which lead to the reunions of families and communication between different sides of Europe. It represents the collapse of the Soviet Union and the abandonment of the one-party rule.
Bretton Woods Agreement: This
Arab Spring - Internet: h
Transnational Corporations: Companies involved with the production of goods and services across different countries.
Examples of transnational
corporations: Apple, McDonalds, Nike, Amazon
Australian Free Trade Agreements: An international treaty between two or more economies which reduces or removes barriers to trade in goods and services.
Advantages of FTAs | Disadvantages of FTAs |
---|---|
It can lead to less expensive prices through the 5% tariff on products manufactured in China. | The other country that a state signs a FTA with has the authority to sue the state’s government if there are policy changes that do not align with their interests. |
It can allow for more exports of Australian manufactured goods through tariffs of 3-14% to be eradicated in 4 years. | There can be restrictions placed on the quantity of products (beef or milk products) and if the limit is exceeded, additional custom duties are imposed. |
Pre-globalised world:
difficult and infrequent communication
expensive technology
unreliable without high tech items
communication worldwide was through a letter or overpriced phone calls
Post-globalised world:
instant and continuous communication
relatively affordable/inexpensive technology
technology is more reliable due to frequent software updates
instant communication through social media, texts, calls, etc
The law of comparative advantage
The idea of factor price equalisation
The concept of economies of scale
IMF:
Colour coding: Case studies
State: Central actor in global politics w/ a permanent population, defined territory and recognised sovereignty.
Citizenship: Member of a community w/ specific rights, privileges and responsibilities.
Environmentalism: Concern about and action towards protecting the environment.
Global community: People, states and non-state actors that are connected by technology who are economically, socially and politically interdependent.
Global actor: A state, IGO, NGO or TNC that is involved in global politics.
National interests: Pursued to ensure survival and potential growth of the state. States implement policies and harness types of powers to achieve national interests and maintain state sovereignty.
Non-state actors: Global actor that is not a state and not required for global governance. This includes non-profit organisations and terrorist groups.
Social connectedness: the frequency and ways people come together and interact with each other
Power: Ability of a global actor to be influential to others.
Multilateralism: A system of coordinating relations between 3+ states to pursue certain objectives.
Unilateralism: When a state is acting alone, with little consideration for other global actors when pursuing foreign policy objectives.
Globalisation: The acceleration of exchanges of goods, services, labour and capital. This promotes global independence. This is aided by rapid changes in tech and communication.
Iron Curtain: A political, military and ideological barrier inflicted by the Soviet Union following WWII to block itself + central Europe from communicating with the West and noncommunist areas. The division between communist countries in Eastern Europe and Western Europe.
Fall of the Iron Curtain: When the Berlin Wall fell in 1989 which lead to the reunions of families and communication between different sides of Europe. It represents the collapse of the Soviet Union and the abandonment of the one-party rule.
Bretton Woods Agreement: This
Arab Spring - Internet: h
Transnational Corporations: Companies involved with the production of goods and services across different countries.
Examples of transnational
corporations: Apple, McDonalds, Nike, Amazon
Australian Free Trade Agreements: An international treaty between two or more economies which reduces or removes barriers to trade in goods and services.
Advantages of FTAs | Disadvantages of FTAs |
---|---|
It can lead to less expensive prices through the 5% tariff on products manufactured in China. | The other country that a state signs a FTA with has the authority to sue the state’s government if there are policy changes that do not align with their interests. |
It can allow for more exports of Australian manufactured goods through tariffs of 3-14% to be eradicated in 4 years. | There can be restrictions placed on the quantity of products (beef or milk products) and if the limit is exceeded, additional custom duties are imposed. |
Pre-globalised world:
difficult and infrequent communication
expensive technology
unreliable without high tech items
communication worldwide was through a letter or overpriced phone calls
Post-globalised world:
instant and continuous communication
relatively affordable/inexpensive technology
technology is more reliable due to frequent software updates
instant communication through social media, texts, calls, etc
The law of comparative advantage
The idea of factor price equalisation
The concept of economies of scale
IMF: