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.
Define International Organization.
Organizations with multiple countries participating, aiming for diplomacy and coordination.
Define Supranational Organization.
Large bodies where member nations operate under shared rules and agreements.
What are conditionalities?
Rules that countries must follow to benefit from international organizations.
Define Economic Liberalization.
Policies like privatization, tariff reductions, and reduced subsidies.
Define Import Substitution Industrialization (ISI).
A strategy where countries focus on strengthening domestic industries to reduce imports.
What is National Sovereignty?
The full right and power of a governing body over itself, without any interference from outside sources or bodies.
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.
