Trade Blocks Flashcards

(48 cards)

1
Q

neoliberalism is

A

an economic and political philosophy which promotes free markets, minimal government intervention, deregulations and privatisation.

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2
Q

trickle down means

A

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)

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3
Q

What does MGO stand for

A

multi government organisation

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4
Q

what does NAFTA stand for

A

North American Free Trade Agreement

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5
Q

when was NAFTA created

A

1994

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6
Q

between who was NAFTA created

A

US, Canada, Mexico

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7
Q

what does NAFTA aim to do

A

to reduce trade barriers, and increase economic integration across North America.

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8
Q

how does NAFTA work (4)

A

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

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9
Q

example of NAFTA in operation

A

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.

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10
Q

why is NAFTA important and how is it bad (2)

A

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.

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11
Q

whats an MGO

A

multi government organisation

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12
Q

how many countries in UN now

A

193

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13
Q

how many countries were in UN in 1945

A

51

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14
Q

when was UN formed

A

1945

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15
Q

what is the charter in the UN

A

Founding legal document of the United Nations.

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16
Q

What is the general assembly

A

main deliberative body of the United Nations, where all member states are represented equally.

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17
Q

what is the strength of the UN

A

Promotes international cooperation in global trade

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18
Q

What does the UN do

A

creates agreements on global issues that impact us all and ensure that countries follow them

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19
Q

5 UN fields

A
  • peace and security
  • human rights
  • humanitarian aid
  • sustainable development and climate
  • international law
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20
Q

for peace and security, whats the UN’s aim (3)

A

prevent conflict, helping make peace, creating conditions for peace to thrive and flourish

21
Q

example of the UN working for peace and security

A

United Nations Mission in South Sudan (UNMISS) - A peacekeeping operation deployed to support stability, protect civilians, and promote human rights in South Sudan

22
Q

successes of the UN for peace and security (2)

A
  • prevented escalation of many conflicts through meditation and diplomacy
  • peacemaking was an effective stabilising tool in fragile states
23
Q

challenges of the UN for peace and security (3)

A

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.

24
Q

UN aims in human rights field (4)

A

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)

25
example of UN working for human rights
UDHR (universal declaration of human rights) Adopted in 1948, it's the foundational human rights document of the UN and sets out fundamental civil, political, economic, social, and cultural rights to which all human beings are entitled. Has influenced constitutions, national laws and courts worldwide, and also inspired international law and treaties.
26
Successes of the UN for human rights (3)
- established universal standards created a comprehensive body of international human rights law - Norms diffusion ( human right norms have become widely accepted benchmarks that influence national legal systems and civil societies globally) - global monitoring and review ( mechanisms like the universal periodic review assess all 193 UN member states on their human rights records, promoting accountability and transparency
27
challenges for the UN for human rights (4)
Implementation gaps (states can ratify treaties but not fully implement them, creating a gap between international commitments and actual practise) Political and geopolitical limitations (UN depends on members cooperation, and geopolitical interests can limit action on serious rights violations) Resource constraints (Human rights bodies, such as the Office of the High Commissioner for Human Rights (OHCHR), often operate with limited budgets and staffing, reducing monitoring and response capacity.) Cultural and value debates (Some governments resist certain human rights norms on the basis of cultural or political differences, challenging universal application.)
28
UN aims in humanitarian aid (3)
- reduce human suffering (ensuring access to food, water, shelter and human care) - support recovery and resiliance (help communities rebuild and become less vulnerable in future crisis) - coordinate international response (ensure aid reaches most needed areas)
29
example of UN action in humanitarian aid
UN World Food Programme (WFP) in Yemen Since the war started in 2015 - the UN WFP has delivered food assistance to millions of yemeni children - WFP reached over 13 million people per month Provides food rations, nutritional support, and cash transfers to vulnerable families.
30
successes of the UN in humanitarian aid (4)
Life-saving support: In Yemen, the WFP reached over 13 million people per month at the height of the crisis. Global coordination: The UN works with NGOs and governments to streamline aid. Innovative delivery: Use of cash-based transfers or mobile vouchers to empower local markets and provide choice. Reducing mortality: Rapid deployment of medical teams, clean water, and food in disasters saves countless lives.
31
challenges the UN faces with humanitarian aid (4)
Funding shortages: UN aid programs rely on voluntary donations; underfunding limits reach. Logistics: Transporting aid in remote or disaster-affected areas is difficult. Corruption and diversion: Aid sometimes doesn’t reach intended recipients due to theft or political manipulation. Dependency: Long-term aid can reduce local self-sufficiency if not managed carefully.
32
aim for UN field of international law
to establish conditions under which justice and respect for the obligations arising from treaties and other sources of international law can be maintained
33
successes of international law field for the UN (3)
- provided legal framework for diplomacy and treaties - peaceful resolution of territorial and political disputes - strengthened international norms
34
challenges the UN faced in international law field (3)
- states can ignore rulings - no enforcement mechanism - some major powers refuse jurisdiction
35
UN aims for sustainable development and climate field (3)
- promote long term economic, social and environmental development - combat climate change - reduce global poverty and inequality
36
whats an example of the UN acting for the sustainable development and climate field
the SDGs
37
successes of the UN for the sustainable development and climate field (3)
- global framework adopted by nearly all countries - progress in education, health, and poverty reduction - increased international cooperation on climate issues
38
challenges UN faced with the sustainable development and climate field (3)
- climate change is progressing faster than action - inequality between developed and developing countries - lack of funding and political commitment
39
what is a trading bloc
an arrangement among a group of nations to allow free trade between member countries but to impose tariffs on other countries that may wish to trade with them.
40
examples of trade blocs (3)
EU ASEAN (association of south east asian nations) NAFTA (north american free trade agreement)
41
what are free trade areas
where members abolish tariffs and quotas on trade between themselves but restrict imports from non-member countries
42
customer unions are
a closer form of economic integration. As well as having free trade between members, all members operate a common external tariff on imports from abroad
43
common markets
are custom markets which also allow free movement of people and capital
44
economic unions
groups of nations which allow free trade but and free movement of people and capital but also require members to have common policies on sectors like agriculture, industry and regional development.
45
what are export processing zones
EPZs are fenced industrial estates that offer favourable conditions such as tax incentives, relaxed labor laws, and duty-free imports of raw materials and machinery.
46
purpose of EPZ
To encourage export-oriented industrialisation by providing an environment that reduces costs and bureaucratic hurdles for manufacturers.
47
how EPZs impact industrialisation (good) (6)
attract Foreign Investment: By offering incentives and infrastructure, EPZs attract multinational companies to set up factories, bringing capital, technology, and expertise. Job Creation: EPZs generate employment opportunities, often for low-skilled workers, which can reduce unemployment and improve livelihoods. Export Growth: They boost a country's export earnings by producing goods mainly for international markets, improving the trade balance. Technology Transfer: Foreign companies often introduce new production techniques and management skills, which can spill over into the wider economy. Industrial Diversification: EPZs can help diversify the industrial base, moving from traditional agriculture or raw material exports to manufacturing. Economic Growth: Increased industrial activity can stimulate growth in related sectors such as transport, services, and construction.
48
potential downsides of EPZs
Labor Exploitation: Sometimes, relaxed labor laws in EPZs lead to poor working conditions and low wages. Environmental Concerns: Rapid industrialisation in EPZs may cause pollution if environmental regulations are weak. Limited Linkages: EPZs may operate as enclaves with little integration into the domestic economy, limiting broader industrial development.