All Flashcards
What is the goal of Economic Liberalization?
Boost economic growth by opening up the country's economy.
What is the goal of Import Substitution Industrialization?
Increase self-sufficiency and pursue specific domestic goals.
International vs. Supranational Organizations?
International: Cooperation, diplomacy | Supranational: Shared rules, enforcement power.
Economic Liberalization vs. ISI?
Economic Liberalization: Open economy, reduced tariffs | ISI: Domestic focus, tariffs, subsidies.
Nationalistic vs. Receptive Regimes?
Nationalistic: Wary of organizations, prioritize autonomy | Receptive: Value cooperation, open to agreements.
Cause & Effect: Conditionalities from IMF/World Bank?
Cause: Seeking loans/aid | Effect: Economic reforms, potential loss of national control.
Cause & Effect: Adoption of ISI?
Cause: Desire for self-sufficiency | Effect: Increased domestic production, potential trade conflicts.