International Political Econony

You should be familiar with the following from your reading assignment.  I.E., you should be able to define, give examples of, identify the significance of, or explain the following:

For 4/6

• The difference between merchandise and service trade
• The difference between foreign direct investment and foreign portfolio investment
• Factors that give multinational corporations (MNCs) advantages in the international system
• The advantages and disadvantages of exchanging currency; also consider having a weak v. strong currency
• What factors affect development in global south countries?
• What do economic sanctions include?  How effective are they?  Why are they used?

For 4/8

• The purposes the World Trade Organization (WTO)
• What incentives do countries have to join the WTO?
• The purposes of the International Monetary Fund (IMF)
• Is the IMF a fair institution?
• The purposes of the World Bank (WB)
• The purposes of the Group of 8 (G-8)
• The purposes regional trade organizations serve