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The Arms Race and Detente
What is Détente? The process of easing tensions between the superpowers Although Détente wasn’t fully realized until Nixon and Brezhnev, when did the idea of it begin? From the mutually assure destruction, and Khrushchev and Eisenhower. What was the firs...
The Cuban Missile crisis
How did the USSR feel about the USA and Cuba in 1960’s? That USA would overthrown the Cuban regime Who came to power in Cuba in 1959? Fidel Castro What was deliberately vague about the Cuban Revolution? Castro’s exact ideology program Ultimately sought t...
The Sino-US agreements
USA and China In 1954, what did U.S. secretary of state John Foster Dulles refuse to do at the Geneva Accords? To shake Zhou Enlai’s hand What did Mao declare about the United States and China in 1960? USA is the number 1 enemy Which country was China’s o...
The Beginning of Cold War
Post-WW2 Germany The Grand Alliance countries were in agreement about what goals for post-WW2 Germany? Complete removal of the government, aggressive re-education, elimination of the Nazi party and its affiliated groups from public life, and the prosecution ...
The Berlin crisis
Although Potsdam determined how Berlin was to be governed, what was never negotiated between the superpowers concerning the city? That Berlin is treated separate from the Germany Even though the Soviets controlled military traffic into Berlin, who effectivel...
The Hungarian Uprising
The death of Stalin What two sides did Khrushchev’s “secret speech” divide the communist world into 1.Those who reject his call to end the “cult of personality” 2. Those who saw it as a release. In 1953, who did world leaders assume would replace Stalin as ...
The Non Alignment Movement
Korea After the Korean War, how did the Soviet’s appear to be doing in the Cold War? They gain power Describe the relationship between China and the USSR after Korea. Their relationships Deteriorated US and decolonized states What did the United State...
The Prague Spring
President Johnson In November of 1963, what happened to President John F. Kennedy? Kennedy was assassinated Who replaced Kennedy? his vice-president Lyndon B Johnson assumed power How was Johnson different from Kennedy? he represented a very different Am...
The Soviet Invasion of Afghanistan
The Afghanistan state When did the period of Détente end for the Cold War superpowers? 1979 What invasion marked the beginning of the “Second Cold War?” The invasion of Afghanistan What neutral policy of the Afghanistan government in the 1970’s? Receive ...
The USA war in Vietnam
The French in Vietnam In the 17th century, what had the French sent to Vietnam in hopes of converting the population? Were they successful? military, and had a marginal success When did the French formally created a protectorate state in Vietnam? 1859 Alt...
Barriers
A poverty cycle (poverty trap) Arises when low incomes result in low savings, permitting only low investments in physical, human and natural capital, and therefore low productivity of labor and of land. This gives rise to low, if any, growth in income (sometim...
Economic development
An improvement in economic welfare. It is wider than economic growth and involves, for instance: a reduction in poverty increased life expectancies a greater range of economic and social choice health and education environmental protection and per capita inco...
Strategies 1
Import substitution To reduce domestic consumers’ dependence on imported goods, for which they substitute domestic goods and services, thus promoting the development of domestic industries. AD Greater diversity of economic activities. Supply-side improvement...
Strategies 2
Multinational competition Companies that have established a presence has productive units in more than one country. Multinational corporation One that has business operations in two or more countries. Foreign direct investment (FDI) Long-term investment where ...
Strategies 3
Non-government organization The private organizations that pursue activities to relieve suffering, promote the interests of the poor, protect the environment, provide basic social service, or undertake community development. Types of foreign aid Humanitarian a...
Strategies 4
Market based supply-side policies They can be used as a development strategy when the government allows the market to facilitate economic development in an ELDC. Encouraging export promotion strategy through liberalized free trade Decreasing direct taxation ...
Balance of payment
Balance of payment Definition: Record of all economic transactions between the residents of a country and the rest of the world in a particular period. Balance = Credit – Debit Money coming into the country is recorded as credit items Money leaving the country...
Economics integration
Economic integration It describes a process whereby countries coordinate and link their economic policies. As the degree of economic integration increases, the trade** barriers** between countries decrease and their fiscal and monetary policies are more closel...
Exchange rate
Exchange rate The price of one currency in term of another currency. Exchange rate index: the price of one currency in term of a basket of the other currencies, weighted according to the importance in the country’s international transaction. Floating exchange ...
Introduction
International trade It means the exchange of goods and services between countries. Cost and Benefit Analysis benefit: Lower prices——(factor endowment & comparative advantage) Greater choice Differences in resources —— chance to access to import the commoditie...