Pol Sci terms

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Department
Political Science
Course
POLD89H3
Professor
Waldemar Skrobacki
Semester
Fall

Description
Examterms:POLA83H ASEAN: AgeopoliticalandeconomicorganizationofseveralcountrieslocatedinSouthEastHAsia.Initiallyformed asadisplayofsolidarityagainstcommunism,itsaimnowhavebeenredefinedandbroadenedtoinclude theaccelerationofeconomicgrowthandthepromotionofregionalpeace.By2005theASEANcountries hadcombinedforaGDPof$884billion. BrettonWoodsSystem: Itwascreatedtoavoidanotherwar,anotherdepression,toinfluencebusinesscycle,andtokeepthe worldstable.AttheBrettonWoodsConferencein1944itwasagreedthatallcountriescurrencies wouldbefixedatacertainvalue.TheybecamefixedtothedollarandtheUSgovernmentpromisedto convertalldollarstogoldat$35perounce.In,otherwords,exchangerateswereanchoredtoadollarH goldstandard.IntheBrettonWoodsSystem,anycountrywantingtochangethevalueofitscurrency hadtoapplytotheIMFforpermission.Theresultwasverystableandunchangingexchangerates. ColdWar: Extendedworldwideconflictbetweencommunismandcapitalismthatisnormallytakentohavebegun in1947andconcludedin1989withthecollapseoftheSovietPowerinEurope CommonAgriculturalPolicy(CAP): TheCAPcombinesadirectsubsidypaymentforcropsandlandwhichmaybecultivatedwithprice supportmechanisms,includingguaranteedminimumprices,importtariffsandquotasoncertaingoods fromoutsidetheEU.Thesixmemberstatesindividuallystronglyintervenedintheiragriculturalsectors, inparticularwithregardtowhatwasproduced,maintainingpricesforgoodsandhowfarmingwas organized.Thisinterventionposedanobstacletofreetradeingoodswhiletherulescontinuedtodiffer fromstatetostate,sincefreedomoftradewouldinterferewiththeinterventionpolicies.Some MemberStates,inparticularFrance,andallfarmingprofessionalorganizationswantedtomaintain strongstateinterventioninagriculture.Thiscouldthereforeonlybeachievedifpolicieswere harmonizedandtransferredtotheEuropeanCommunitylevel.By1962,threemajorprincipleshadbeen establishedtoguidetheCAP:marketunity,communitypreferenceandfinancialsolidarity.Sincethen, theCAPhasbeenacentralelementintheEuropeaninstitutionalsystem.Theinitialobjectiveswereset outto:increaseproductivity,bypromotingtechnicalprogressandensuringtheoptimumuseofthe factorsofproduction,inparticularlabor;toensureafairstandardoflivingfortheagricultural Community;tostabilizemarkets;tosecureavailabilityofsupplies;toprovideconsumerswithfoodat reasonableprices. Cosmopolitanism: Theultimatesourceofmeaningandvalueinhumanresideswiththeindividual(orperhapsGOD). Cosmopolitanismsaredisposedtofavorveryextensiveaccountsofuniversalhumanrights. Dumping: Theactofamanufacturerinonecountryexportingaproducttoanothercountryatapricewhichis eitherbelowthepriceitchargesinitshomemarketorisbelowitscostsofproduction.Priceandlabor costsHAstandardtechnicaldefinitionofdumpingistheactofchargingalowerpriceforagoodina foreignmarketthanonechargeforthesamegoodinadomesticmarket.Thisisoftenreferredtoas sellingatlessthanfairvalue. www.notesolution.com
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