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GPE Chapter 1: Introduction
Terms in this set (28)
refers to the interdependence amongst nations
ex. EU, WTO, RTAs/FTAs
an ideology based on the premise that the individual's loyalty and devotion to the nation-state surpass other individual or group interests
the number of expected babies per woman
what is considered a falling fertility rate?
less than 1.0
the number of children that a couple would need to have to have over the course of their reproductive years in order the replace themselves
what is the numerical value of the replacement rate?
2.1 children per couple
the continuing breakdown of disciplinary boundaries between economies, politics, and physical and social disciplines
the organization, immaterial and nonphysical objects
the group of people or administrative bureaucracy that controls the state apparatus at a given time
-groups of people with coercive powers, who monopolize political decision-making and are separated by status and organization from the general population
economic role of the state
a. domestic economic growth policy and execution; economic policy making
b. international economics (trade, international finance, monetary policy)
c. foreign policy and diplomacy, relates to economics and commerce and trade
the state is a polity that maintains a monopoly on the legitimate use of violence via a ________ _________
index of openness equation
four criteria for judging the degree of openness
trade flows, capital flows, people flow, similarities of prices in separate prices
what does the index of openness indicate?
how open the economy is to global trade
who is the least integrated large economy?
as national economies become more interdependent, ________ and _______ generally move more easily across international boundaries
what are the benefits of economic integration?
technological innovation, less expensive products, and greater investments in scarce resources
a proposed trade agreement under negotiation by AUS, Brunei, Chile, Canada, Japan, Malaysia, Mexico, NZ, Peru, U.S., Vietnam
-purpose=to enhance trade and investment among TPP countries, promote innovation, economic growth and development, and support creation and retention of job
established after U.S. left a previous trade agreement
-has 13% of the GDP
has 15 members, includes China, Japan, and South Korea
belief in the benefits of profitable trading
measure of the statistical dispersion intended to represent the income distribution of a nation's residents
-reducing inequality and bolstering growth may be two sides of the same coin
three features of contemporary international economic relations
deeper integration, multilateral organizations, RTAs
how can globalization and international economic integration be measured?
trade flows, factor movements, convergence of prices
what type of assets are stocks, bonds, and currency?
what is the name for physical assets such as real estate, manufacturing facility, hotel, hospital, etc.?
Foreign Direct Investments (FDI)
what are china's savings compared to the U.S.?
weak points for FDIs in U.S.
competitive markets, decreasing productivity, high public debt, political polarization, Trump protectionist measure, high gini co-efficient, infrastructure in decay, dollar increases the trade deficit
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