Questions and Answers
NATO was formed during the Cold War to protect Europe against the threat of the ______
Soviet Union
The Organization of Petroleum Exporting Countries (OPEC) is highly dependent on ______
oil
The Non-Aligned Movement was created in 1961 by the presidents of Ghana, India, and Yugoslavia to pursue world ______ and international cooperation
peace
The Thai economy collapsed in 1996 after foreign currency speculators and troubled international banks demanded the Thai government should pay back its ______
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Latin American dependency theory describes that Latin America is not developing because of the global stratification, which is a product of ______
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A World of Regions is defined as a group of countries located in the same geographically specified area or an amalgamation of the regions or a combination of two or more regions organized regulate and oversee flows and policy choices.
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REGIONALIZATION is the regional concentration of economic flows and it is the ______ of dividing an area into that smaller segments called regions.
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REGIONALISM is often seen as a political and economic phenomenon, a political process characterized by economic policy cooperation and coordination among countries.
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COUNTRIES RESPOND ECONOMICALLY AND POLITICALLY 1. Some are large enough and have a lot ______ resources to dictate how they participate in processes ______ Global integration.
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COUNTRIES RESPOND ECONOMICALLY AND POLITICALLY 2. Other countries make up for their small size but taking advantage of their lack strategic location.
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Study Notes
Cold War and International Organizations
- NATO was formed during the Cold War to protect Europe against the threat of the Soviet Union.
Economic Organizations
- The Organization of Petroleum Exporting Countries (OPEC) is highly dependent on oil exports.
Non-Aligned Movement
- The Non-Aligned Movement was created in 1961 by the presidents of Ghana, India, and Yugoslavia to pursue world peace and international cooperation.
Economic Crisis
- The Thai economy collapsed in 1996 after foreign currency speculators and troubled international banks demanded the Thai government pay back its debts.
Dependency Theory
- Latin American dependency theory describes that Latin America is not developing because of the global stratification, which is a product of imperialism.
Regionalization and Regionalism
- A World of Regions is defined as a group of countries located in the same geographically specified area or an amalgamation of regions or a combination of two or more regions organized to regulate and oversee flows and policy choices.
- Regionalization is the regional concentration of economic flows, dividing an area into smaller segments called regions.
- Regionalism is often seen as a political and economic phenomenon, a political process characterized by economic policy cooperation and coordination among countries.
Country Responses
- Large countries with abundant resources can dictate how they participate in processes of global integration.
- Small countries with strategic locations can make up for their lack of resources by taking advantage of their location.
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