WorksheetsGlobal Systems and Governance key terms
Total questions: 20
Worksheet time: 10mins
Jurisdictional gap
The gap between the increasing need for global governance in many areas and the lack of an authority with the power to take action.
A legal term referring to the authority of a court to hear a case.
The difference in laws between two jurisdictions that leads to confusion.
A situation where multiple jurisdictions overlap and create conflict.
empowerment
To give power or authority to someone.
To restrict someone's freedom or rights.
To ignore the contributions of a group.
To enhance competition among individuals.
Transatlantic Trade and Investment Partnership (TTIP)
A new trade deal being negotiated between the US and EU, aiming to liberalize 'one third of global trade'.
An agreement to reduce tariffs on agricultural products between the US and Canada.
A military alliance formed to counteract Russian influence in Europe.
A cultural exchange program between the US and European countries.
actors
Individuals who perform in movies and theater.
Players on the world stage that participate in global governance, exercise power, make decisions, solve problems, and improve lives.
Characters in a play or film.
People who watch performances.
Fairtrade
A trademark that guarantees the highest prices for farmers
A value-based organization that aims to tackle injustices of the globalized economy
A certification for organic farming practices
A government initiative to regulate trade prices
European Commission
An executive body responsible for proposing and implementing EU laws, monitoring treaties, and the day-to-day running of the EU. Members are appointed by EU national governments.
A legislative body that creates laws for the European Union and represents the interests of EU citizens.
A judicial body that interprets EU law and ensures its uniform application across member states.
An advisory body that provides recommendations to the European Parliament on economic and social policies.
global commons
Those parts of the planet that fall outside national jurisdictions and to which all nations have access.
Areas of the planet that are owned by specific countries.
Regions that are exclusively for the use of developed nations.
Parts of the world that are governed by international treaties.
agrotechnologies
The application of modern technologies, such as irrigation technologies, to agriculture.
A method of organic farming that avoids synthetic fertilizers.
A type of crop rotation that improves soil health.
The use of traditional farming techniques without modern tools.
bioprospecting
The process of discovery and commercialization of new products based on biological resources.
A method for conserving endangered species in their natural habitat.
The study of the effects of pollutants on biological systems.
A technique for cloning plants and animals for agricultural purposes.
trade protectionism
The use of barriers such as import duties (tariffs) or customs to increase the price of imports and protect domestic production.
A policy that encourages free trade and reduces tariffs on imports.
A strategy to promote international cooperation and reduce trade barriers.
An economic approach that focuses solely on domestic markets without considering international trade.
United Nations Environment Programme (UNEP)
The leading global environmental authority and advocate, setting the global environmental agenda and promoting sustainable development.
A non-governmental organization focused on wildlife conservation.
An international treaty aimed at reducing greenhouse gas emissions.
A financial institution providing loans for environmental projects.
glocalisation
A marketing strategy that focuses solely on global markets.
A combination of the words globalisation and localisation, describing a product developed globally but adapted for local markets.
A term used to describe the complete standardisation of products across all markets.
A process of eliminating local cultures in favor of a global culture.
transnational companies (TNCs)
Corporations or companies that operate in at least two countries.
Companies that only operate within one country.
Small businesses that have local influence.
Non-profit organizations that work internationally.
Dutch disease
The positive economic growth resulting from natural resource discovery.
The negative consequences as a result of large increases in a country’s income, usually associated with the discovery of natural resources, particularly oil reserves.
A term used to describe the economic benefits of foreign direct investment.
The phenomenon where a country becomes overly reliant on agriculture due to foreign aid.
colonialism
The policy or practice of a power in extending control over weaker nations or peoples.
A system of government where citizens have direct control over their leaders.
An economic system where trade is regulated by the state for national benefit.
A cultural movement aimed at promoting local traditions and customs.
Single-product economy
A country that exports a variety of manufactured goods.
A country which relies on one, or a very small number, of products (usually raw materials) for its export earnings.
A country that has a diverse agricultural sector.
A country that imports more than it exports.
Terms of trade
The value of a country’s exports relative to that of its imports.
The total value of a country's imports only.
The difference between a country's exports and imports.
The average price of goods traded internationally.
International Monetary Fund (IMF)
Standardises global financial relations and aims to promote global monetary and exchange stability by monitoring the global economy and encouraging the growth of international trade.
Provides loans to developing countries to support economic development.
Regulates international interest rates and currency values directly.
Acts as a global bank for individual savings and investments.
G20
An inter-governmental organisation comprising 19 individual countries plus the EU that discusses key economic issues.
A cultural exchange program between 20 countries.
A military alliance formed by 20 nations to ensure global security.
A trade agreement among 20 countries to promote free trade.
incentive gap
The gap between the need for international cooperation and the motivation to undertake it.
The difference in incentives between two competing nations.
The disparity in economic growth rates among countries.
The divide between public opinion and government policy.
