Details Title: 203 final chart Description: Fair trade, globalization, environment Total Flash Cards: 14 Created: 12/07/2008 19:39:09		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Political Studies Flashcards
Cards in this set: Term WTO, Realist Definition 1. works because of US hegemony - advanced capitalism and democracy - impose will on others Term WTO, Liberal Definition 1. promotes free trade -governs int'l trade - helps all countries 2. US as liberal allows spread of democrcy Term WTO, Marxist Definition 1. in interests of corporations - materialistic 2. works because US is capitalist country Term Globalization, Liberal Definition 1 promotes world economy Term Free Trade, Liberal Definition 1. Politics and Economy should be independent 2. absolute gain, positive sum 3. trade leads to peace Term Comparative advantage, Marxist Definition 1. supports corporations giving capital/labor mobility - corporation "blackmail" 2. imperialism of free trade give North power, creating segregation Term Comparative advantage, Realist Definition 1. fear of dependence on others (weapons vs. wine) 2. strategic trade: create comparative adv. (crugeman) Term Global economic forces affect: Definition 1. democracy 2. sovereignty 3. accountability Term Free Trade, Realist Definition 1. politics determine economy 2. relative gain, zero sum 3. trade causes conflict Term Globalization, Realist Definition 1. undermines domestic legislation and nationalism 2. barriers will rise because of self-interests Term Globalization, Marxist Definition 1. Supports imperialism and capitalist interests Term Free trade, Marxist Definition 1. economics determine politics 2. relative gains, zero sum (unequal distribution of wealth creates class struggle) 3. trade can lead to conflict ( WWI -> imperialism) Term Free trade, Marxist Definition 1. economics determine politics 2. relative gains, zero sum (unequal distribution of wealth creates class struggle) 3. trade can lead to conflict ( WWI -> imperialism) Term Comparative advantage, Liberal Definition 1. main force behind free trade and WTO 2. efficiency promotes trade