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when markets to not perform their expected functions
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or welfare; primary goals reducing poverty and income inequality and stabilizing individual or family income
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benefits that governments provide to all citizens, more or less equally, usually funded through general taxation
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provides benefits to categories of people who have contributed to a public insurance fund
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| means tested public assistance |
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food stamps, subsidized public housing: America's idea of welfare
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different govts combine 3 types of programs in different ways
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| social democratic welfare states |
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emphasize universal entitlements to achieve greater social equality and promote equal citizenship: high rate of taxation
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| Christian democratic welfare states |
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emphasize income stabilization; social program or social insurance
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focus on preserving individual autonomy via market participation than with reducing poverty
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when someone does not bear the full consequences of his action in a transaction, gives him an incentive to overuse beneficial resource
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| national health insurance |
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government mandates all citizens must have insurance
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government financed and managed system; all citizens pay through a separate system or general taxation
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| market based private insurance system |
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rely on private insurance for the bulk of their health care
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unregulated use of free goods like water, air, land
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economic development that can continue over long term
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what the risks of damaging outcomes are
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policy used to keep those risks at acceptable levels
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emphasizes risk avoidance
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| command and control policies |
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governments set very specific limits on many pollutants from many sources and inspect possible polluters
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government sets an overall limit of how much of a pollutant is acceptable from an entire industry and issues pollutant vouchers to each company
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belief that different cultures in society ought to be respected
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| multicultural integration |
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accepts ethno-cultural identities matter to citizens, must be recognized within political institutions
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asks citizens not only to assume their rights and minimally participate through voting, but to engage actively in democratic discussions in effort to build a better society
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seeks to transform gender and sexual norms to liberate everyone to express whatever sexual orientation or gender identity they wish
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| comparative institutional advantage |
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different types of capitalist systems have different types of institutional advantages that they usually try to maintain
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the argument that globalization will force similar economic and social policies across countries
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| coordinated market economies |
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capitalist economies in which firms, financiers, unions coordinate their actions via interlocking ownership and participation
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convergence of economic policies occurring within LMEs and CMEs
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development policy based on encouraging economic growth via exports of goods and services
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| foreign direct investment |
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investment from abroad in productive activity in another country
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thesis that globalization is so powerful it will overwhelm the power of nation-states, forcing convergence of economic policies
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| international capital flows |
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movements of capital in the form of money across international borders
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countries that rely heavily on market relationships to govern economic activity
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| Millennium development goals |
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targets established by the UN to reduce poverty and hunger, improve education and health and status of women
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the flow of goods and services across borders
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| transnational corporations |
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large firms that operate in multiple countries simultaneously
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| varieties of capitalist approach |
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school of thought analyzing wealthy market economies that focuses primarily on business firms and how they are governed in terms of their interactions with governments
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parties that have a small membership of political elites who choose candidates and mobilize voters to support them
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| closed-list proportional representation |
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electoral system in which each party presents a ranked list of candidates, voters vote for the party and the party is awarded seats in legislature based on the percentage of total votes
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| collective action problems |
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the unwillingness of individuals to undertake political actions because they believe individual action has little or no effect
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party system in which multiple parties exist but one wins every election and governs continuously
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FPTP electoral systems will create 2 major political parties, eliminates smaller parties
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formal, legal mechanisms that translate votes into control over political offices and shares of political power
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Term
| "first past the post" (FPTP) |
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electoral system in which individual candidates are elected in single-member districts, the candidate with the most votes, but not necessarily the majority, wins
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in India, a movement to define the country as primarily Hindu
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the bringing together of a number of discrete interests into a coalition of a broadly shared interest, which enhances the power of individual votes by aggregating them and potentially overcomes the collective action dilemma
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an interest group system in which many groups exist to represent particular interests and the government remains neutral
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electoral systems in which, if no candidate wins an absolute majority, a second election is held between the top two candidates
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parties that recruit as many members as possible to gain financial support, labor and votes
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| mixed representation system |
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an electoral system that combines single-member district representation with overall proportionality in allocation of legislative seats to parties
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party systems in which more than 2 parties could potentially win a national election and govern
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Term
| nongovernmental organizations |
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volunteer orgs, most commonly working to make countries more democratic or to provide assistance with development
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| open-list proportional representation |
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electoral system with multiple candidates in each district; voters are presented with a list of candidates and vote for the individual candidate of their choice
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the number of parties and each one's respective strength as an institution
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orgs that bring together all interest groups in a particular sector to influence and negotiate agreements with the state
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the receipt of the most votes, but not the majority
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a broad and charismatic appeal to poor people on the part of a leader to solve their problems via governmental largess
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| proportional representation |
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electoral system in which seats in a legislature are apportioned on a purely proportional basis
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| single, nontransferable vote |
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electoral system in which multiple seats exist in each legislative district but each voter only votes for one candidate
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electoral system in which each geographical district elects a single representative to a legislature
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social networks and norms of reciprocity important for a strong civil society
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part of civil society, have a loosely defined organizational structure and represent people who have been outside the bounds of formal institutions
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corporatism that evolves historically and voluntarily
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corporatism mandated by the state; common in fascist regimes
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Term
| two and a half party system` |
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party system in which 2 large parties win the most votes but neither gains a majority, requires a third to join one of the major parties
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party system in which 2 parties are able to garner enough votes to win an election, though more may compete
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