investigates political processes and their domestic and international economic consequences
examines various tactics political actors use in their attempts to decrease the scope of global governance
is another name for the World Bank
refers to the web of multinational corporations that exert varying degrees of control over individual world governments and international organizations
In a mercantilist economic system, ________.
wealth is evenly distributed among producers and consumers
wealth can be created
wealth is finite
wealth is shared within trade alliances
is based on degrowth
considers that wealth is composed of precious metals and paper currencies such as the dollar, euro, and peso
seeks a surplus in the balance of payments
favors trade liberalization policies
Adam Smith rejected mercantilism and proposed ________.
that trade barriers promote the economy
that trade liberalization benefits individuals and countries
that a country should invest in economic activities regardless of its comparative advantages
True or false? Enlightenment thinkers rejected the mercantilist idea that wealth is finite, proposing that wealth could in fact be created.
The three levels of analysis in IPE are ________.
local, domestic, and foreign
individual, state, and system
liberal, conservative, and authoritarian
economic, environmental, and social
The Bretton Woods Institutions include ________.
the World Trade Organization (WTO) and the United Nations (UN)
the League of Nations and NATO
the International Monetary Fund (IMF) and the World Trade Organization (WTO)
the International Monetary Fund (IMF) and the World Bank
The Bretton Woods Institutions were initially created to ________.
maintain peace and economic prosperity in the world
restrain trade liberalization
promote protectionist policies
Which institution was proposed but not created in the Bretton Woods Conference?
International Monetary Fund (IMF)
World Trade Organization (WTO)
International Trade Organization (ITO)
International Bank for Reconstruction and Development
The end of the Cold War resulted in ________.
increased focus on economic policies in authoritarian regimes
support for protectionist policies
majoritarian emphasis on trade relations among developed countries
furthering of economic growth and democratic institutions
The key tenet of modernization theory is that ________.
economic growth promotes the development of the upper classes in society
social capital hampers political representation
increased political representation promotes the establishment of democratic institutions
trade liberalization stunts economic growth
True or false? Modernization theory has clearly established a causal link between economic growth and democratic institutions.
An exchange rate regime in which governments allow their currencies to fluctuate within margins is referred to as a ________.
fixed (pegged) exchange rate
floating (flexible) exchange rate
multilateral exchange rate
variable exchange rate
________ determine(s) the price of currency in a floating (flexible) exchange rate regime.
The supply and demand of a currency
Domestic interest rates
The stock market
The gold standard
At the beginning of the 19th century, some political philosophers proposed responses to the problem of widespread policy and inequality. Although each of their proposals had singular characteristics, what did they have in common?
dictatorship of the proletariat
social ownership of the means of production by the people
laissez-faire economy, a free market with minimal government intervention
social security benefits
Literature on the possible ways to deal with the environmental crisis is divided into two currents of thought. These currents are ________.