ACCTG 1 Lecture Notes - Lecture 19: Diminution, Rulemaking, Nationstates
Document Summary
Task 2 the nation-state and the global market. Learning goals: definition of nation-state, global market, hot capital. Hot money is a form of short-term investing in which investors move their money between financial markets to take advantage of interest rate fluctuations. Generally, this refers to moving money between countries and currencies by taking advantage of interest rates and exchange rates. Hot because it tends not to stay in one market very long. Definition: an organization which controls the population occupying a definite territory insofar as. It is differentiated from other organizations operating in the same territory. Its division are formally coordinated with one another. Territory must have geographically distinct, fixed, continuous boundaries: be militarily defensible, soft aspects: To be centralized and united: each part deal with what is in its competences and with its related faculties and facilities, each part is not an independent power center, but they all enhance the state correct function.
