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POLS2094 terms

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POLS2094 terms

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IPE terms and definitions

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POLS2094 terms
 

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POLS2094 termsOnline version

IPE terms and definitions

by Som Person
1

Money is defined as a exchange , a store of and a . It must be portable , , divisible . There are 2 kinds of currencies : currencies and - backed currencies . The more people accept a currency , the more it becomes as a medium of , reinforcing its dominance - - this is .

2

There are multiple kinds of exchange rates , categorised as fixed exchange rates , exchange rates and . Dollarisation is the most version of a exchange rate in which a country its national currency and adopts the currency of another country eg . .

3

policy is the actions taken by a country's to influence the money supply whilst policy is the decisions about taxation and spending to influence the economy . A key era of monetary policy ( 1870s - ) is the Era where currencies were pegged to gold , a exchange rate to the value of the weight of gold in reserve .

4

The - fixed exchange rate system of - relied on the impossible monetary . It is also collapsed because of the Dilemma - a that the international demand for dollars would mean the risked losing all its .

5

The of account is a record of all international payments that are undertaken between residents of one country and residents of other countries during the span of each year . This includes which are non - commercial transfers of money from a foreign worker / citizen with familial ties abroad . The BOP is divided into two main categories : capital account and current account . The account is a country's trade balance plus net income and direct payments . The account shows the net change in physical or financial asset for a nation . Finally , the reserve account is money or other assets held by a country's .

6

globalisation is the , incomplete and selective nature of economic integration across the . It is affected by several factors including evenness , selectivity and network .

7

is when the financial sector grows larger as a percentage of economic activity and its over rest of the grows . This occurs through international institutions like the BIS - the for - a bank for central banks , and financialisation actors . 2 key financialisation actors are the and , which exercise power through sovereign debt and corporate securities .

8

The - claims that rates + investment rates remain correlated .

9

Financial crises are instances of financial instability that have developed and worsened . There are multiple types : banking crises , crises , inflation crises and crises . These crises have effects where one type of crisis often risks another .

10

There are two types of development : economic and human development . development is the process by which a country increases its productive capacity , income , and overall of . This is measured largely through GDP ( ) and GNI ( ) . development considers and is framed as what people can and 'do' . A measure of this is ( GNH ) .

11

A veto player is any or actor who can change from the

12

can address market in capital to provide - for development leading to capital . Development can also be facilitated through - which puts domestic resources into industries with a advantage and which bolsters domestic product by of .

13

There are two types of foreign policy : ( A - >B ) and . There are multiple drivers for providing this aid including strategic , and economic interest . Despite foreign aid having generally positive effects there are a few drawbacks to foreign aid such as . Debt can lead to - diplomacy where a country's debt is used as political by its . Another drawback to aid is which is when aid undermines local institutions and markets providing incentive for and supporting regimes .

14

Environmental threats are because they are global and universally - affected and thus need in response . Impediments to this includes - which is when parties that bear no cost of the action , still enjoy the benefits and thus don't have to contribute . is a that is suffered by a third party as a result of an economic transaction between the primary parties . The of the is a problem that occurs when individuals acting their self - interest exploit a resource to the extent that .

15

In order to facilitate international cooperation on environmental issues , there are several - approaches . This includes such as carbon which are applied on imports based on carbon use in making / shipping products and carbon which are applied on imports that are high - carbon products such as coal - based electricity , or iron . are a form of traditional market system where producers are given a .

16

The away from oil has been . There are several factors to this including a difficulty integrating new technology , which is when differences in environmental regulations can be exploited , furthering the use of a resource and slow between phasing out and implementing resources . Another challenge to governments is which include concentration , water stress , cyberattacks , physical attacks and .

17

There are multiple ways that governments intervene in illicit markets divided into supply - side and - side interventions . - side interventions include interdiction , and sanctions and - side interventions include , consumer awareness campaigns and market - based incentives . Government interventions can however have such as driving activity further underground , making it even harder to . The chain / stipulates that government crackdowns increase price which for successful smuggling and the more ruthless criminals .

18

Illicit economies involve markets that cannot easily be regulated or taxed this includes , trafficking , , counterfeiting and money laundering . Illicit goods are goods that have undergone but there is a disparity in this classification between countries which is called . This can lead to the of sovereignty where illicit market opportunities are created eg . .

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