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Bilateral Agreement
Bilateralism is the conduct of political, economic, or cultural relations between two sovereign states. It is in contrast to unilateralism or multilateralism, which is activity by a single state or jointly by multiple states, respectively. When states recognize one another as sovereign states and agree to diplomatic relations, they create a bilateral relationship. States with bilateral ties will exchange diplomatic agents such as ambassadors to facilitate dialogues and cooperations. Economic agreements, such as free trade agreements (FTA) or foreign direct investment (FDI), signed by two states, are a common example of bilateralism. Since most economic agreements are signed according to the specific characteristics of the contracting countries to give preferential treatment to each other, not a generalized principle but a situational differentiation is needed. Thus through bilateralism, states can obtain more tailored agreements and obligations that only apply to particular cont ...
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Sovereign State
A sovereign state or sovereign country, is a political entity represented by one central government that has supreme legitimate authority over territory. International law defines sovereign states as having a permanent population, defined territory (see territorial disputes), one government, and the capacity to enter into relations with other sovereign states. It is also normally understood that a sovereign state is independent. According to the declarative theory of statehood, a sovereign state can exist without being recognised by other sovereign states.Thomas D. Grant, ''The recognition of states: law and practice in debate and evolution'' (Westport, Connecticut: Praeger, 1999), chapter 1. Unrecognised states will often find it difficult to exercise full treaty-making powers or engage in diplomatic relations with other sovereign states. History Since the end of the 19th century, almost the entire globe has been divided into sections (countries) with more or less define ...
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Victor Cha
Victor D. Cha (born 1960) is an American academic, author and former national foreign policy advisor. He is a former Director for Asian Affairs in the White House's National Security Council, with responsibility for Japan, North and South Korea, Australia, and New Zealand.Victor Cha
– Whitehouse.gov
He was George W. Bush's top advisor on n affairs.Officials Head to Korea for GI Remains
– The ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The Financial contagion, economic contagion began around September and led to the Wall Street Crash of 1929, Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide Gross domestic product, gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International t ...
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League Of Nations
The League of Nations (french: link=no, Société des Nations ) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference that ended the First World War. The main organization ceased operations on 20 April 1946 but many of its components were relocated into the new United Nations. The League's primary goals were stated in its Covenant. They included preventing wars through collective security and disarmament and settling international disputes through negotiation and arbitration. Its other concerns included labour conditions, just treatment of native inhabitants, human and drug trafficking, the arms trade, global health, prisoners of war, and protection of minorities in Europe. The Covenant of the League of Nations was signed on 28 June 1919 as Part I of the Treaty of Versailles, and it became effective together with the rest of the Treaty on 10 January 1920 ...
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World War I
World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fighting occurring throughout Europe, the Middle East, Africa, the Pacific, and parts of Asia. An estimated 9 million soldiers were killed in combat, plus another 23 million wounded, while 5 million civilians died as a result of military action, hunger, and disease. Millions more died in genocides within the Ottoman Empire and in the 1918 influenza pandemic, which was exacerbated by the movement of combatants during the war. Prior to 1914, the European great powers were divided between the Triple Entente (comprising France, Russia, and Britain) and the Triple Alliance (containing Germany, Austria-Hungary, and Italy). Tensions in the Balkans came to a head on 28 June 1914, following the assassination of Archduke Franz Ferdi ...
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Bilateral Investment Treaty
A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the "friendship, commerce and navigation treaty" (FCN). This kind of treaty came in to prominence after World Wars when the developed countries wanted to guard their investments in developing countries against expropriation. Most BITs grant investments—made by an investor of one Contracting State in the territory of the other—a number of guarantees, which typically include fair and equitable treatment, protection from expropriation, free transfer of means and full protection and security. The distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been viola ...
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Torrijos–Carter Treaties
The Torrijos–Carter Treaties ( es, link=no, Tratados Torrijos-Carter) are two treaties signed by the United States and Panama in Washington, D.C. on September 7, 1977, which superseded the Hay–Bunau-Varilla Treaty of 1903. The treaties guaranteed that Panama would gain control of the Panama Canal after 1999, ending the control of the canal that the U.S. had exercised since 1903. The treaties are named after the two signatories, U.S. president Jimmy Carter and the Commander of Panama's National Guard, General Omar Torrijos. This first treaty is officially titled The Treaty Concerning the Permanent Neutrality and Operation of the Panama Canal ( es, link=no, Tratado Concerniente a la Neutralidad Permanente y Funcionamiento del Canal de Panamá) and is commonly known as the "Neutrality Treaty". Under this treaty, the U.S. retained the permanent right to defend the canal from any threat that might interfere with its continued neutral service to ships of all nations. The second tr ...
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Hay–Bunau-Varilla Treaty
The Hay–Bunau-Varilla Treaty ( es, Tratado Hay-Bunau Varilla) was a treaty signed on November 18, 1903, by the United States and Panama, which established the Panama Canal Zone and the subsequent construction of the Panama Canal. It was named after its two primary negotiators, Philippe-Jean Bunau-Varilla, the French diplomatic representative of Panama, and United States Secretary of State John Hay. Background Bunau-Varilla was originally involved in the building of the Panama Canal under Ferdinand de Lesseps, who had built the Suez Canal. After the collapse of the de Lesseps efforts to build the Panama Canal, Bunau-Varilla became an important shareholder of the ''Compagnie Nouvelle du Canal de Panama'', which still had the concession, as well as certain valuable assets, for the building of a canal in Panama. Although not Panamanian himself, Bunau-Varilla had provided financial assistance to the rebel side in Panama's independence from Colombia, which occurred two weeks pri ...
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Panama–United States Relations
Panama and the United States cooperate in promoting economic, political, security, and social development through international agencies. According to the 2012 U.S. Global Leadership Report, 32% of Panamanian people approve of U.S. leadership, with 16% disapproving and 52% uncertain. Overview 19th century Panama President James Polk's ambassador to the Republic of New Granada, Benjamin Alden Bidlack, negotiated the Mallarino–Bidlack Treaty with the government of New Granada in 1846. Though Bidlack had initially only sought to remove tariffs on American goods, Bidlack and New Granadan Foreign Minister Manuel María Mallarino negotiated a broader agreement that deepened military and trade ties between the two countries. The treaty also allowed for the construction of the Panama Railway. In an era of slow overland travel, the treaty gave the United States a route to more rapidly travel between its eastern and western coasts. In exchange, Washington guaranteed New Granada's s ...
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Rogue State
"Rogue state" (or sometimes "outlaw state") is a term applied by some international theorists to states that they consider threatening to the world's peace. These states meet certain criteria, such as being ruled by authoritarian or totalitarian governments that severely restrict human rights, sponsoring terrorism, or seeking to proliferate weapons of mass destruction. The term is used most by the United States (although the US State Department officially stopped using the term in 2000); in his speech at the United Nations (UN) in 2017, U.S. President Donald Trump reiterated this phrase. However, it has been applied by other countries as well.Minnerop, Petra. (2002)"Rogue States – State Sponsors of Terrorism?". ''German Law Journal'', 9. History of the term As early as July 1985, President Ronald Reagan stated that "we are not going to tolerate … attacks from outlaw states by the strangest collection of misfits, looney tunes, and squalid criminals since the advent of the ...
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Powerplay (theory)
Victor D. Cha (born 1960) is an American academic, author and former national foreign policy advisor. He is a former Director for Asian Affairs in the White House's National Security Council, with responsibility for Japan, North and South Korea, Australia, and New Zealand.Victor Cha
– Whitehouse.gov
He was 's top advisor on n affairs.Officials Head to ...
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North Korea
North Korea, officially the Democratic People's Republic of Korea (DPRK), is a country in East Asia. It constitutes the northern half of the Korean Peninsula and shares borders with China and Russia to the north, at the Yalu (Amnok) and Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone. North Korea's border with South Korea is a disputed border as both countries claim the entirety of the Korean Peninsula. The country's western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. North Korea, like its southern counterpart, claims to be the legitimate government of the entire peninsula and adjacent islands. Pyongyang is the capital and largest city. In 1910, Korea was annexed by the Empire of Japan. In 1945, after the Japanese surrender at the end of World War II, Korea was divided into two zones along the 38th parallel, with the north occupied by the Soviet Union and the south occupied by the Unit ...
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