1. Association of Southeast Asian nations (ASEAN) - is a geo political and economic organization of 10
countries located in South East Asia which formed in 1967. It aims to accelerate economic growth, social
progress cultural development, protection of peace and stability among its members which include
Indonesia, Malaysia, Cambodia and Vietnam.
2. Bretton Woods System ± a system of monetary management which established the rules for commercial
DQGILQDQFLDOUHODWLRQVDPRQJWKHZRUOG¶VPDMRULQGXVWULDOVWDWHVLQ the mid 20th century. It was the first
example of a fully negotiated monetary order intended to govern monetary relations among independent
nation-states. It was created when 730 delegates from 44 allied nations met at the Mount Washington hotel
in Bretton Woods New Hampshire with the purpose of rebuilding the international economic system after
WW2. They set up a system of rules, institutions and procedures to regulate the international economy
including the International Bank of Reconstruction and Development, the IMF and the WB.
3. Cold War - (1945±1991) was the continuing state of political conflict, military tension, and economic
competition existing after World War II (1939±1945), primarily between the USSR and its satellite states,
and the powers of the Western world, including the United States. Although the primary participants'
military forces never officially clashed directly, they expressed the conflict through military coalitions,
strategic conventional force deployments, a nuclear arms race, espionage, proxy wars, propaganda, and
technological competition, e.g. the Space Race. Despite being allies against the Axis powers, the USSR, the
US, the United Kingdom and France disagreed during and after World War II, especially about the
configuration of the post-war world. At war's end, they occupied most of Europe, with the US and USSR
the most powerful military forces. The Soviet Union created the Eastern Bloc with the eastern European
countries it occupied, annexing some as Soviet Socialist Republics and maintaining others as satellite
states, some of which were later consolidated as the Warsaw Pact (1955±1991). The US and some western
European countries established containment of communism as a defensive policy, establishing alliances
(e.g. NATO, 1949) to that end. Several such countries also coordinated the rebuilding of Western Europe,
especially western Germany, which the USSR opposed. Elsewhere, in Latin America and Southeast Asia,
the USSR fostered communist revolutions, opposed by several western countries and their regional allies;
some they attempted to roll back, with mixed results. Some countries aligned with NATO and the Warsaw
Pact, yet non-aligned country blocs also emerged. In the 1980s, the United States increased diplomatic,
military, and economic pressures against the USSR, which had already suffered severe economic
stagnation. Thereafter, Soviet President Mikhail Gorbachev introduced the liberalizing reforms of
perestroika ("reconstruction", "reorganization", 1987) and glasnost ("openness", ca. 1985). The Soviet
Union collapsed in 1991, leaving the United States as the dominant military power, and Russia possessing
most of the Soviet Union's nuclear arsenal.
4. Common Agricultural Policy (CAP) -
a. The creation of a common agricultural policy was proposed in 1960 by the European Commission.
It followed the signing of the Treaty of Rome in 1957, which established the Common Market.
b. CAP is a system of European Union agricultural subsidies and programs. It represents about 44%
c. The six member states individually strongly intervened in their agricultural sectors, in particular
with regard to what was produced, maintaining prices for goods and how farming was organized.
d. Its main objectives are: 1) To increase productivity, by promoting technical progress and ensuring
the optimum use of the factors of production, in particular labor; 2) To ensure a fair standard of
living for the agricultural Community; 3) To stabilize markets; 4) To secure availability of
supplies; 5) To provide consumers with food at reasonable prices.
5. Cosmopolitanism -
a. Argue that morality is universal: a truly moral rule/code is applicable to everyone.
b. The idea that humans should be considered as a single moral community with some rules that
applies to everyone.
c. The ultimate source of meaning and value in human life resides in the individual (or God).
d. Argue that despite this division of humanity into separate communities it is possible to identify
with and have a moral concern for humanity.
e. Humanity = single moral community and includes: There are no good reasons for ruling any
person out of ethical consideration; definition of the obligations and rules that govern the universal