POLITICS TERMS FOR FINAL POLA83H3 Tehreem
7 February 1992 by the members of the European Community in Maastricht, Netherlands.
On 9–10 December 1991, the same city hosted the European Council which drafted the
treaty. The treaty led to the single creation of the euro currency.
Mercantilism: is an economic theory, thought to be a form of economic nationalism, that
holds that the prosperity of a nation is dependent upon its supply of capital, and that the
global volume of international trade is "unchangeable". OR The theory and system of
political economy prevailing in Europe after the decline of feudalism, based on national
policies of accumulating bullion, establishing colonies and a merchant marine, and
developing industry and mining to attain a favorable balance of trade.
Mercosur: is a union between Argentina, Brazil, Paraguay and Uruguay. Founded in 1991
by the Treaty of Asunción, which was later amended and updated by the 1994 Treaty of
Ouro Preto. Its purpose is to promote free trade and the fluid movement of goods, people,
MNCs(A multinational corporations): also called a transnational corporation (TNC), or
multinational enterprise (MNE), is a corporation or an enterprise that manages production
or delivers services in more than one country. It can also be referred to as an international
Multilevel Politics: Multi-level governance is a public administration theory that
originated from studies on European integration. The authors Liesbet Hooghe and Gary
Marks were the first to develop the concept of multi-level governance in the early 1990s.
Their theory resulted from the study of the new structures that were put in place by the EU
(Maastricht Treaty) in 1992.
NATO(North Atlantic Treaty Organization): is an intergovernmental military alliance
based on the North Atlantic Treaty which was signed on 4 April 1949. The NATO
headquarters are in Brussels, Belgium, and the organization constitutes a system of
collective defence whereby its member states agree to mutual defense in response to an
attack by any external party.
Neoliberalism: A political orientation originating in the 1960s; blends liberal political
views with an emphasis on economic growth. describes a market-driven approach to
economic and social policy based on neoclassical theories of economics that stresses the
efficiency of private enterprise, liberalized trade and relatively open markets, and therefore
seeks to maximize the role of the corporate sector in determining the political and economic
priorities of the state.
NGOs(non-governmental organizations): is a legally constituted organization created by
natural or legal persons that operates independently from any government and a term