AP®︎ Comparative Government: Topic 5.1 Flashcards

Master key terms and definitions for Topic 5.1 of AP Comparative Government – Impact of Global Economic and Technological Forces to help you prep for quizzes and the AP exam.


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Term

Economic Globalization

Definition

Growing interconnection and interdependence of national economies through cross-border networks, worldwide markets, and reduced state control over economic activity

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Economic Globalization
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Growing interconnection and interdependence of national economies through cross-border networks, worldwide markets, and reduced state control over economic activity

IEF-3.AIEF-3.A.1
Foreign Direct Investment
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A lasting investment by a person or company from one country in productive operations in another, giving the investor an enduring role in the enterprise

IEF-3.AIEF-3.A.1
Economic Liberalization
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Policies that reduce the state's direct economic role and increase reliance on markets, such as lowering trade barriers, opening to foreign investment, deregulating, and privatizing

IEF-3.AIEF-3.A.2
Neoliberalism
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A policy orientation favoring competitive markets, private enterprise, free trade, privatization, deregulation, and fewer restrictions on economic actors

IEF-3.AIEF-3.A.4
International Monetary Fund (IMF)
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International organization that promotes monetary stability and assists states facing serious financial or balance-of-payments problems, often encouraging economic reform

IEF-3.AIEF-3.A.2
World Bank
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International organization that finances development projects and programs and often encourages market-oriented economic reforms

IEF-3.AIEF-3.A.2
World Trade Organization (WTO)
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International organization that administers rules intended to facilitate international trade and reduce discriminatory trade barriers

IEF-3.AIEF-3.A.2
Multinational Corporation (MNC)
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A firm that owns, controls, or coordinates operations in multiple countries and can challenge domestic policies on labor, the environment, land, taxation, and budgets

IEF-3.AIEF-3.A.3
Political Culture
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Widely held attitudes, values, and beliefs about politics, authority, citizenship, identity, and government's proper role

IEF-3.A
Nationalism
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An ideology emphasizing the interests, identity, and sovereignty of the nation

IEF-3.AIEF-3.A.4
Populism
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An approach that frames politics as a struggle between a virtuous ordinary people and a corrupt or unresponsive elite

IEF-3.AIEF-3.A.4
Regime Stability
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The ability of a political system and its governing institutions to persist without breakdown or fundamental displacement

IEF-3.AIEF-3.A.1
Cultural Stability
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The persistence of broadly accepted identities, values, and social expectations

IEF-3.AIEF-3.A.1