Commercial Liberalism
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Commercial Liberalism
The capitalist peace, or capitalist peace theory, or commercial peace, posits that market openness contributes to more peaceful behavior among states, and that developed market-oriented economies are less likely to engage in conflict with one another. Along with the democratic peace theory and institutionalist arguments for peace, the commercial peace forms part of the Kantian tripod for peace. Prominent mechanisms for the commercial peace revolve around how capitalism, trade interdependence, and capital interdependence raise the costs of warfare, incentivize groups to lobby against war, make it harder for leaders to go to war, and reduce the economic benefits of conquest. Scholars have debated the empirical and theoretical validity of the commercial peace thesis, as well as the mechanisms behind the theory. According to Erik Gartzke and Jiakun Jack Zhang, the evidence on the relationship between economic interdependence and conflict is inconclusive. History The philosophical root ...
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Market Openness
The term open market is used generally to refer to an economic situation close to free trade. In a more specific, technical sense, the term refers to interbank trade in securities. In economic theory Economists judge the "openness" of markets according to the amount of government regulation of those markets, the scope for competition, and the absence or presence of local cultural customs which get in the way of trade. In principle, a fully open market is a completely free market in which all economic actors can trade without any external constraint. In reality, few markets exist which are open to that extent, since they usually cannot operate without an enforceable legal framework for trade which guarantees security of property, the fulfillment of contractual obligations associated with transactions, and the prevention of cheating. A physical open market is a space where anyone wishing to trade physical goods may do so free of selling charges and taxes, and has come to be regard ...
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Abraham L
Abraham, ; ar, , , name=, group= (originally Abram) is the common Hebrew patriarch of the Abrahamic religions, including Judaism, Christianity, and Islam. In Judaism, he is the founding father of the special relationship between the Jews and God; in Christianity, he is the spiritual progenitor of all believers, whether Jewish or non-Jewish; and in Islam, he is a link in the chain of Islamic prophets that begins with Adam (see Adam in Islam) and culminates in Muhammad. His life, told in the narrative of the Book of Genesis, revolves around the themes of posterity and land. Abraham is called by God to leave the house of his father Terah and settle in the land of Canaan, which God now promises to Abraham and his progeny. This promise is subsequently inherited by Isaac, Abraham's son by his wife Sarah, while Isaac's half-brother Ishmael is also promised that he will be the founder of a great nation. Abraham purchases a tomb (the Cave of the Patriarchs) at Hebron to be Sarah' ...
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Richard Rosecrance
Richard Newton Rosecrance (born 1930) is an American political scientist. His research and teaching is focused on international relations, in particular the link between economics and international relations. His research and writing has also touched upon the study of history. Rosecrance is considered an adherent of liberal international relations theory. Education Rosecrance received his BA from UCLA, his MA from Swarthmore College, and his PhD under William Yandell Elliott from Harvard University. Career During the 1960s, Rosecrance taught at the University of California, Los Angeles. He was Director of what later became known as the Burkle Center for International Relations at UCLA. During the 1970s, Rosecrance was on the faculty of Cornell University, where he was the Walter S. Carpenter Jr. Professor of International and Comparative Politics. He served on the Policy Planning Council of the U.S. Department of State and has received Guggenheim, Fulbright, Rockefeller, Ford, ...
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The Unknown Ideal
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pr ...
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Statism
In political science, statism is the doctrine that the political authority of the state is legitimate to some degree. This may include economic and social policy, especially in regard to taxation and the means of production. While in use since the 1850s, the term statism gained significant usage in American political discourse throughout the 1930s and 1940s. Opposition to statism is termed anti-statism or anarchism. The latter is characterized by a complete rejection of all hierarchical rulership. Overview Statism can take many forms from small government to big government. Minarchism is a political philosophy that prefers a minimal state such as a night-watchman state to protect people from aggression, theft, breach of contract and fraud with military, police and courts. This may also include fire departments, prisons and other functions. The welfare state is another form within the spectrum of statism. Authoritarian philosophies view a strong, authoritative state ...
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Patrick J
Patrick may refer to: *Patrick (given name), list of people and fictional characters with this name *Patrick (surname), list of people with this name People *Saint Patrick (c. 385–c. 461), Christian saint *Gilla Pátraic (died 1084), Patrick or Patricius, Bishop of Dublin * Patrick, 1st Earl of Salisbury (c. 1122–1168), Anglo-Norman nobleman * Patrick (footballer, born 1983), Brazilian right-back *Patrick (footballer, born 1985), Brazilian striker *Patrick (footballer, born 1992), Brazilian midfielder *Patrick (footballer, born 1994), Brazilian right-back *Patrick (footballer, born May 1998), Brazilian forward *Patrick (footballer, born November 1998), Brazilian attacking midfielder * Patrick (footballer, born 1999), Brazilian defender * Patrick (footballer, born 2000), Brazilian defender *John Byrne (Scottish playwright) (born 1940), also a painter under the pseudonym Patrick *Don Harris (wrestler) (born 1960), American professional wrestler who uses the ring name Patrick Fil ...
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Global Supply Chain
A global value chain (GVC) refers to the full range of activities that economic actors engaged in to bring a product to market. The global value chain does not only involve production processes, but preproduction (such as design) and postproduction processes (such as marketing and distribution). GVC is similar to Industry Level Value Chain but encompasses operations at the global level. GVC is similar to the concept of a supply chain, but the latter focuses on conveyance of materials and products between locations, often including change of ownership of those materials and products. The existence of a global value chain (i.e. where different stages in the production and consumption of materials and products of value take place in different parts of the world) implies a global supply chain engaged in the movement of those materials and products on a global basis. In development The first references to the concept of a global value chain date from the mid-1990s. Early references w ...
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Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ...
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Bargaining Model Of War
In international relations theory, the bargaining model of war is a method of representing the potential gains and losses and ultimate outcome of war between two actors as a bargaining interaction. A central puzzle that motivates research in this vein is the "inefficiency puzzle of war": why do wars occur when it would be better for all parties involved to reach an agreement that goes short of war? In the bargaining model, war between rational actors is possible due to uncertainty and commitment problems. As a result, provision of reliable information and steps to alleviate commitment problems make war less likely. It is an influential strand of rational choice scholarship in the field of international relations. Thomas Schelling was an early proponent of formalizing conflicts as bargaining situations. Stanford University political scientist James Fearon brought prominence to the bargaining model in the 1990s. His 1995 article "Rationalist Explanations for War" is the most assigned ...
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Bounded Rationality
Bounded rationality is the idea that rationality is limited when individuals make decisions, and under these limitations, rational individuals will select a decision that is satisfactory rather than optimal. Limitations include the difficulty of the problem requiring a decision, the cognitive capability of the mind, and the time available to make the decision. Decision-makers, in this view, act as satisficers, seeking a satisfactory solution, with everything that they have at the moment rather than an optimal solution. Therefore, humans do not undertake a full cost-benefit analysis to determine the optimal decision, but rather, choose an option that fulfils their adequacy criteria. An example of this being within organisations when they must adhere to the operating conditions of their company, this has the opportunity to result in bounded rationality as the organisation is not able to choose the optimal option. Some models of human behavior in the social sciences assume that hu ...
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Clientelism
Clientelism or client politics is the exchange of goods and services for political support, often involving an implicit or explicit quid-pro-quo. It is closely related to patronage politics and vote buying. Clientelism involves an asymmetric relationship between groups of political actors described as ''patrons, brokers'', and ''clients''. In client politics, an organized minority or interest group benefits at the expense of the public. Client politics may have a strong interaction with the dynamics of identity politics. This is particularly common in a pluralist system, such as in the United States, where minorities can have considerable power shaping public policy. The opposite of client politics is 'entrepreneurial' politics, or conviction politics. Although many definitions for clientelism have been proposed, according to the political scientist Allen Hicken, it is generally thought that there are four key elements of clientelistic relationships: * Dyadic relationships: S ...
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Michael Mousseau
Michael James Mousseau (born 1964) is a political scientist whose research and teaching is focused on international relations and comparative politics, in particular the link between economic conditions, institutions, and conflict. He is the creator of economic norms theory, which identifies how sustained and equal opportunity in a market can create popular interests in liberal democracy, and peace within and between nations. He advocates that wealthy countries make aggressive efforts towards bringing widespread economic opportunity to lesser developed countries, which he argues would result in a just and permanent global peace. Biography Michael Mousseau received his Ph.D. from Binghamton University in 1998, after years of ethnographic research in many regions that included the Middle East (1984), Central America (1985 and 1987), the Soviet Union (1991), East Africa (1991), the Indian sub-continent (1992), and China (1992). He joined Koç University in 1998, where he remained for ...
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