POLS 3053 International Relations

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POLS 3053International Relations

• Chapter 14International Political Economy in an
  Age of Globalization

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The institutions and frameworks of the world
economy have their roots in the planning for a
new economic order which took place during the
last phase of WWII, as policymakers gathered in
__ in the United States to consider how to
rebuild the war-torn economies of Europe

• a. Seneca Falls d. Greenwich
• b. Bretton Woods e. San Francisco
• c. New York

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The U.S. announcement of the __ Plan in 1947 was
driven by its Cold War policy of containment, and
involved a huge infusions of economic aid to help
rebuild Europes devastated economies.

• a. Truman d. Roosevelt
• b. Eisenhower e. Marshall
• c. Hoover

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The post-WWII monetary system was called

• a. the Yalta system.
• b. the General Agreement on Tariffs and Trade.
• c. the Cairo system.
• d. Pax Americana.
• e. all of the above.

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The U.S. changed the rules of the international
monetary system in __, when the government
announced it would no longer convert dollars to
gold at 35 per once, and that it was imposing a
10 surcharge on import duties.

• a. 1949 d. 1980
• b. 1963 e. 1992
• c. 1971

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Members of the Group of Seven include all of
the following EXCEPT

• a. the United States. d. Italy.
• b. Japan. e. Russia.
• c. France.

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In the 1970s, the gains that had been made in
reducing tariff barriers were reversed by
policies of __. As each country grappled with
stagflation, many introduced new forms of
barriers to keep out competitive imports.

• a. parochialism d. deregulation
• b. new protectionism e. Keynesianism
• c. neo-mercantilism

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Also in the 1970s, the developing nations of the
world launched a concerted campaign in the United
Nations General Assembly for better
representation in international economic
institutions, a fairer trading system, more aid,
and regulation of foreign investment. The
campaign was called

• a. New International Economic Order.
• b. Fair Trade.
• c. A New International Deal.
• d. GATT-Plus.
• e. Justice for the Developing World.

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Harvard political scientists Robert Keohane and
Joseph Nye developed the concept of __, a
condition where state are affected by decisions
taken by other, and can imply symmetric
(sensitivity) or asymmetric (vulnerability)
relationships.

• a. reciprocity d. interdependence
• b. imperialism e. economic
• c. mutuality equivalence

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The developing countries push for reform of the
international economic system reflected __
theory, which highlighted negative aspects of
economic relationships between North and South.

• a. idealist d. constructivist
• b. dependency e. deconstructionist
• c. Kantian

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The most sympathetic official Northern answer
to the concerns of the developing world was
voiced in the __ Report (1980)

• a. Carter d. Schultz
• b. Chirac e. Yamaguchi
• c. Brandt

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Among the traditional approaches to international
political economy, the __ tradition share the
presumptions of realists, assume competition
among states, and that individual states should
pursue policies of self-sufficiency.

• a. Liberal d. Kantian
• b. Mercantilist e. Stalinist
• c. Marxist

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Among the traditional approach to international
political economy, the __ tradition emphasizes
the free market, minimization of tariffs, and
that governments should seek to facilitate the
smooth operation of the marketplace.

• a. Liberal d. Kantian
• b. Mercantilist e. Stalinist
• c. Marxist

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Among the traditional approaches to international
political economy, the __ tradition views world
economic relations as best conceived as a class
struggle between the oppressor and the
oppressed.

• a. Liberal d. Kantian
• b. Mercantilist e. Stalinist
• c. Marxist

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One new methodological approach to international
political economy is __ theory, which draws on
economic concepts explain politics by focusing on
incentive structures of persons making political
decisions.

• a. structuralist d.
  deconstructionism
• b. interpretive e. rational
  choice
• c. hermeneutic

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Based on the __ approach to international
political economy, core actors are nation-states,
and institutions to which states delegate power.

• a. Neo-Gramscian d. structuralist
• b. institutionalist e. hermeneutical
• c. political economy

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According to the __ approach to international
political economy, the world economy is an
overarching structure of knowledge, ideas, and
institutions that reflects the interests of
dominant actors.

• a. Neo-Granscian d. institutionalist
• b. Foucauldian e. hermeneutical
• c. Chomsky

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Refers to the way modern communications made
possible by technological advances have made
distance and location less important factors for
governments and businesses.

• a. internationalization d. realism
• b. technological revolution e. liberalization
• c. deterritorialization

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Describes the increase in transactions among
states reflected in flows of trade, investment,
and capital.

• a. internationalization d. investment
  
• b. technological revolution amortization
• c. deterritorialization e.
  liberalization

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Refers to the diminution of influence of places,
distances and boundaries over the way people
collectively identify themselves or seek
political recognition.

• a. internationalization d. investment
• b. technological revolution
  amortization
• c. deterritorialization e.
  liberalization

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Describes government policies which reduce the
role of the state in the economy such as through
the dismantling of trade tariffs and barriers,
the deregulation and opening of the financial
sector to foreign investors, and the
privatization of state enterprises.

• a. internationalization d.
  liberalization
• b. technological revolution e. investment
• c. deterritorialization
  amortization

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In __, a financial crisis occurred in Asia,
beginning in Thailand and spreading rapidly to
Indonesia, Malaysia, and the Philippines. The
response of the International Monetary Fund has
subsequently been the subject of vigorous debate.

• a. 1994 d. 1997
• b. 1995 e. 1998
• c. 1996

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__ reject the idea that institutions emerge
primarily as a solution to universal problems,
and that policymakers should be primarily
concerned with relative gains rather than with
absolute gains.

• a. Institutionalists d. Rational
• b. Neo-Realists Choice
  theorists
• c. Hyper-Idealists e. Constructivists

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__ argue that states create and join
organizations for mutual gains, and believe that
such organizations can manage globalization to
insure a more fair global economy.

• a. Institutionalists d. Rational
  Choice
• b. Neo-Realists theorists
• c. Hyper-Idealists e. Constructivists

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__ argue that institutions arise as a reflection
of the identities and interests of states that
create them, and reinforce particular patterns of
interaction

• Institutionalists d. Rational Choice
• b. Neo-Realists theorists
• c. Hyper-Idealists e. Constructivists

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