Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.
John F. Kennedy
Former President of the US
During the Session
The teacher will explain the main concepts included in the following conceptual map.
Class Activity
After the explanation you will gather in pairs and discuss the advantages and disadvantages of International Trade and Economy on the present world economical situation. You will deliver this reflection handwritten at the end of the class.
Homework
Try testing your knowledge of this concepts on the following quiz. When your done take a picture of the last screen where your result is shown and send it to your teacher by e-mail.
International Political Economy
JQuiz Instructions
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Studies the politics of international economical activities like: trade, monetary relations and multinational corporations.
- Mercantilism
- Liberalism
- International Political Economy
- International Trade
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Economical theory that says that states interact in an anarchycal system, emphasizes power and conflict of interests.
- International Political Economy
- Liberalism
- Marxism
- Mercantilisim
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International theory that says that states interact with cooperation, that they should allow the interference of IO's and that everyone should be benefitted of the operations in absolute terms.
- Liberalism
- Marxism
- Mercantilism
- Protectionism
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The benefit that different states enjoy in producing different goods, each state should specialize in producing goods for which it has a comparative advantage and trade it for other goods.
- Competitive Advantage
- Protectionism
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Mercantilism
- Autarky
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Manipulation of intl. Trade to strengthen domestic industries.
- Autarky
- Protectionism
- Balance of Trade
- Liberalism
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Value of state’s imports relative to its exports.
- Balance of Trade
- Protectionism
- Autarky
- Competitive advantage
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Third theoretical approach of economy that has almost disappeared as an economical model in the world, that says that economic exploitation is a force that shapes political relations.
- Liberalism
- Mercantilism
- Marxism
- Idealism
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The United States Government bought and supported the operations of Harley Davidson during a period of crisis in order to avoid the bankrupcy of this important industry. This is an example of:
- Protectionism
- Competitive Advantage
- Balance of Trade
- Autarky