global interstate

• Interstate system


  The modern world system is structured politically as an interstate system of competing and allying states
• International system

  The focal point of the field of international relations
• Cooperation and collaboration between countries

  Through international organizations like the IMF and the World Bank
• Interstate


  The relationship of each state with each other
• Global


  The relationship of countries globally around the world
• World systems


  • Defined by the existence of a division of labor, which consists of three zones: core, semi-periphery, and periphery
• Core


  High-income nations with a strong manufacturing base and dominant capitalist countries that exploit peripheral countries for labor and raw materials
• Semi-periphery


  Middle-income countries with closer ties to the global economic core
• Periphery


  Low-income countries that support wealthier countries as colonies or through multinational corporations
• World system theory


  • Stresses that the world systems should be the basic unit of social analysis and focuses on the relations between groupings: the core, the semi-periphery, and the periphery
• Core countries


  Dominant capitalist countries characterized by high levels of industrialization and urbanization (e.g. US, Japan, Germany)
• Global governance


  The movement towards political cooperation among transnational actors negotiating responses to problems that affect more than one state or region
• Goals of global governance


  • Provide global public goods, functioning markets, and unified standards for trade and industry
• Effects of global governance

  Restraining governments by inducing increased budgetary pressure and potential attempts to curtail the budget for the welfare state
• Aims of global governance

  • Provide peace and security, justice and mediation systems for conflict, and functioning markets
• Internationalization


  The increasing importance of international trade, international relations, treaties, and alliances
• Nation


  A group of people who share the same culture, history, language, or ethnicity
• Globalization


  The global economic integration of formerly national economies into one global economy, mainly by free trade and free capital mobility
• Internationalization vs Globalization


  International trade governed by comparative advantage becomes inter-regional trade governed by absolute advantage
• Absolute advantage


  The ability of a certain country to produce more or better goods and services than another country
• Comparative advantage


  The ability of a country to purchase goods and services at a lower opportunity cost, not necessarily at a greater volume or quality
• National community


  • Embraces both national labor and national capital, and these classes cooperate to purchase national goods largely with national natural resources
• National goods are purchased in international markets against goods and services