Global Governance

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The movement towards political co-operation between transnational actors
Global Governance
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An organisation formed in Washington in April 1949 to deter soviet aggression while preventing the revival of European militarism.
NATO
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The notion of humankind being united under one single political authority.
World Government
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The idea of an authority that exceeds that of a nation state and is capable of imposing its will on it.
Supranationalism
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A system of monetary management which established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia and Japan in the mid-20th century.
Bretton-Woods System
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A standard set of 10 economic policies which are regarded to be the standard reform package for countries that have experienced an economic crisis and developing countries.
Washington consensus
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An organisation established as part of the Bretton Woods agreement. It's job is to oversee international economic systems, to ensure exchange rate stability and to encourage members to eliminate restrictions on trade and currency exchange
International Monetary Fund
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An international organisation, established in 1995 under the Marrakesh agreement which regulates world trade and establishes agreements that member states adhere to when it comes to trade.
World Trade Organisation
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An intergovernmental organisation which was established after the end of the Second World War to promote peace and economic stability throughout the globe. They provide humanitarian intervention through peacekeeping missions among many other things.
United Nations
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A group of finance ministers and central bank governors which was established in 1999 both in response to the financial crises of the late 1990s and a growing recognition that key emerging states were not included in global economic discussion.
G20
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An intergovernmental political forum of highly industrialised economies who consider themselves to be democracies.
G8
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The idea of a single state which, on a global scale, has pre-eminent military, economic and ideological resources so as to act as the "world's policeman".
Global Hegemon
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A process which coordinates behaviour among three or more countries on the basis of generalised principles of conduct. There are three main principles which are non-discrimination, indivisibility and diffuse reciprocity. Usually formal.
Multilateralism
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A term first coined in 2001 in a report by the Goldman Sachs investment bank, to refer to and to highlight the significance of the growing economic might of five large, fast growing economic powers.
BRICS
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A multilateral trade agreement established in 1947, with the aim of reducing tariffs and other trade barriers on trade between states.
GATT
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An international financial institution that provides loans to developing countries for capital programs.
World Bank
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Other cards in this set

Card 2

Front

An organisation formed in Washington in April 1949 to deter soviet aggression while preventing the revival of European militarism.

Back

NATO

Card 3

Front

The notion of humankind being united under one single political authority.

Back

Preview of the front of card 3

Card 4

Front

The idea of an authority that exceeds that of a nation state and is capable of imposing its will on it.

Back

Preview of the front of card 4

Card 5

Front

A system of monetary management which established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia and Japan in the mid-20th century.

Back

Preview of the front of card 5
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