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Global Political Economy: Protecting Wealth in the Global North
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Items that require substantial processing or assembly to become usable. Distinct from primary goods, such as agricultural and forestry products, that need little or no processing.
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A measure of the sum of all goods and services produced by a countrys nationals, whether they are in the country or abroad.
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Countries that have medium or low economic and human development. The Global South is made up of some 133 countries out of a total of 197. Most of them are in South and Central America, Asia, and Africa.
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An organization that has existed since 1948 (and since 1960 under its present name) to facilitate the exchange of information and otherwise promote cooperation among the economically developed countries.
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The entire scope of international money issues, such as exchange rates, interest rates, loan policies, balance of payments, and regulating institutions.
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An economic agreement among Canada, Mexico, and the United States that went into effect on January 1, 1994.
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The worlds primary organization devoted to maintaining monetary stability by helping countries to fund balance-of-payment deficits.
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A standing forum for economic summitry amongst sectoral policy officials (finance, environment, etc.) and heads-of-state from the worlds largest and fastest growing economies.
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The import and export of tangible manufactured goods and raw materials.
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The seven economically largest free market countries (Canada, France, Germany, Great Britain, Italy, Japan, and the United States) plus Russia (a participant since 1998, suspended in 2014).
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A theoretical approach holding that entities should and can conduct international economic relations cooperatively.
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Agricultural products and raw materials, such as minerals. Distinct from manufactured goods, which require substantial processing or assembly to become usable.