Superpowers key words

Assets
item of property owned by a person/company regarded as having value & available to meet debts, commitments or legacies
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ANZUS
Aus, NZ & US security treaty- an agreement which binds the countries to co-operate on military matters in pacific ocean region
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Austerity
Policy of reducing govt. spending & debt
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ASEAN
Organisation of countries in SE Asia set up to promote cultural, economic & political development in the region
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Bi-polar
2 hyperpowers
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BRIC's
collective term for Brazil, Russia, India & China which were predicted to show rapid economic growth
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Colonialism
where ane xternal nation takes direct control of a territory, often by force
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Consumer goods
Goods bought & used by consumers, rather than manufacturers that use them for producing other goods
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Culture
ideas, beliefs, customs & social behaviour of a group or society
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Dependency theory
resources flow from 'periphery' of poor & underdeveloped states to a 'core' of wealthy states, enriching the rich at the expense of the poor
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Economic restructuring
Western urban areas shifting from a manufacturing to a service sector economic base
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European Union
Political union based on the Maastrict treaty, envisioning the eventual establishment of common economic, foregin, security & justice policies
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Foreign policies
Govt strategy in dealing with other nations
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G8
Group of 8 highly-industrialised countries- hold annual meetings on global issues like economic growth, crisis management, global security, energy & terrorism
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G20
informal group of 19 countries & EU with representatives from IMF and World Bank- began meeting in 99 in response to financial crisis 1997-99
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Geo-strategic location
where the global positioning of a country would affect its ability to dominate the world
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Geopolitics
politics, especially international relations, as infuenced by geographical factors
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Global reach
The ability of a company or industry to have customers in many different parts of the world
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Hard power/ cultural imperialism
expression of a country's will or influence through coercive measures, including economic sanctions & military force or threat
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Heartland
an area of the 'world island'- a country that controls this has the ability to control the world
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Hegemon
unchallenged superpower that is dominant in all aspects
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Intellectual property rights
general term for the assignment of property rights through patents, copyrights & trademarks= allow holder to excercise a monopoly on the use of an item over a specific period
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IPCC
Scientific & intergovernmental body providing objective view of climate change & its political & economic impacts
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Internation Court of Justice
division of the UN that settles legal disputes submitted to it by member nations
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International governmental organisation
Organisation composed primarily of sovereign states or of other IGO's established by treaty or other agreement that acts as a purpose to create the group
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International Monetary Fund
Organisation framework for international economic co-operation conceived by the UN
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Islamist uprisings
series of revolts & armed attacks performed by extremist muslims in the name of Allah
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Modernisation theory
theory used to explain the process of modernisation that a nation goes through as it transitions from traditional society to a modern one- Rostow
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Multi-polar
complex systems between multiple equally powerful countries
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Nationalise
transfer from private to state ownership or control
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Neo-colonialism
an indirect way of controlling somewhere (usually through economic, political, or cultural ideas)
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NAFTA
agreement among USA, Canada & Mexico to remove tariff barriers between the 3 countries
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NATO
Intergovernmental military alliance between several North American & European states, based on North Atlantic treaty signed 1949
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OECD
Organisation for Economic Co-operation & Development- intergovernmental economic organisation with 35 member countries founded in 1960 to stimulate economic progress & world trade
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Patent
Govt. authority or license conferring a right/title for a set period, especially the sole right to exclude others from making, using or selling an invention
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Peer-reviewed
process by which something proposed is evaluated by a group of experts in the appropriate fields
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Political values
Political relationships, institutions, organisations, views & ideas
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Proxy war
War instigated by a major power which does not itself become involved
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Soft power
power that arises from a country's political & conomic influence, moral authority & cultural attractiveness
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Sub-prime lending
making loans to people who may have difficulty maintaining the re-payment schedule, sometimes reflecting setbacks, such as unemployment, divorce etc...
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Superpower
Nation with the ability to project its influence anywhere in the world & will be a dominant global force
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TRIPS
rights given to people over the creation of their minds- usually give the creator an exclusive right over the use of his/her creations for a certain period of time
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Uni-polar
dominated by 1 hyperpower
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UNSC
one of 6 principal organs of UN- maintains international peace & security
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Vicious cycle
repeating situation/condition in which one problem causes another problem which worsens the first issue- demultiplier effect
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Virtuous cycle
Recurring cycle of events, result of each one beginning to increase the beneficial effect of the next
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Wallerstein's world systems theory
Approach to world history & social change that suggests there is a world economic system in which some countries benefit while others are exploited
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World Bank
international financial institution that provides loans to countries of the world for capital programmes
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World Trade Organisation
Sets rules for international trade- oversees 97% of World trade Aim: achieveing removing obstacles to trade
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Other cards in this set

Card 2

Front

ANZUS

Back

Aus, NZ & US security treaty- an agreement which binds the countries to co-operate on military matters in pacific ocean region

Card 3

Front

Austerity

Back

Preview of the front of card 3

Card 4

Front

ASEAN

Back

Preview of the front of card 4

Card 5

Front

Bi-polar

Back

Preview of the front of card 5
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