neoliberalism is
an economic and political philosophy which promotes free markets, minimal government intervention, deregulations and privatisation.
trickle down means
is the idea that wealth, benefits coming from the top of social or economic hierarchies will at one point be distributed to people at the bottom (through jobs and higher wages)
What does MGO stand for
multi government organisation
what does NAFTA stand for
North American Free Trade Agreement
when was NAFTA created
1994
between who was NAFTA created
US, Canada, Mexico
what does NAFTA aim to do
to reduce trade barriers, and increase economic integration across North America.
how does NAFTA work (4)
It removes tariffs on most goods traded between the countries, making import and export cheaper
Encourages FDI by protecting investor’s rights
Allows specialisation, so each country focuses on industries where it has a comparative advantage
Increasing market access, creating a large integrated market of hundreds of millions of consumers
example of NAFTA in operation
Car parts are produced in Mexico where labour costs are lower.
Engines or high-tech components are made in the United States or Canada.
Parts cross borders multiple times tariff-free during production.
Final vehicles are assembled and sold across North America at lower overall cost.
why is NAFTA important and how is it bad (2)
Shows global production networks, trade liberalization, and economic interdependence.
Demonstrates winners and losers: cheaper cars and more trade, but job losses in some manufacturing regions.
whats an MGO
multi government organisation
how many countries in UN now
193
how many countries were in UN in 1945
51
when was UN formed
1945
what is the charter in the UN
Founding legal document of the United Nations.
What is the general assembly
main deliberative body of the United Nations, where all member states are represented equally.
what is the strength of the UN
Promotes international cooperation in global trade
What does the UN do
creates agreements on global issues that impact us all and ensure that countries follow them
5 UN fields
for peace and security, whats the UN’s aim (3)
prevent conflict, helping make peace, creating conditions for peace to thrive and flourish
example of the UN working for peace and security
United Nations Mission in South Sudan (UNMISS) - A peacekeeping operation deployed to support stability, protect civilians, and promote human rights in South Sudan
successes of the UN for peace and security (2)
challenges of the UN for peace and security (3)
Geopolitical tensions and divisions
especially in the Security Council, can block action or decisions.
Resource constraints
peacekeeping missions often lack enough funding, personnel or equipment.
Trust deficits
between conflicting parties and global actors make diplomacy harder.
UN aims in human rights field (4)
Set universal human rights standards (through international declarations, conventions, and treaties that define and protect fundamental rights and freedom for everyone)
Promote respect for human rights globally (by encouraging states to adopt laws and policies consistent with international human rights norms)
Monitor and address violations (through reporting, investigation, and dialogue with governments to improve compliance)
Integrate human rights into wider UN work (linking rights with peacemaking, development like SDGs, democracy support and humanitarian action)