TRUE/FALSE

• MARKET INTEGRATION IS THE FUSION OF MANY MARKETS INTO

ONE.
TRUE/FALSE

• THE BRETTON WOOD SYSTEM USED THE GOLD STANDARD BEFORE

THE US-DOLLAR STANDARD.
TRUE/FALSE

• WHEN OUR CURRENCY IS STRONG, EXPORT PRODUCTS FROM THE

FOREIGN MARKET WILL BE LESS EXPENSIVE.
TRUE/FALSE

• ONE OF THE CHARACTERISTICS OF THE BRETTON WOOD SYSTEM IS

THAT IT IS NOT AN ADJUSTABLE PEG SYSTEM.
TRUE/FALSE

• The IMF provides policy advice and financing to members in

economic difficulties and also works with developing nations to
help them achieve macroeconomic stability and reduce poverty.
Global Inter-State System
• IS STATE AND NATION THE SAME?
Let’s identify if the following key words are
in line with nation or state.

• Definite Territory
• Race
• Clan
• Union of families
• Religion
• Sovereignity
• Tribe
• Community of persons
DIFFERENCE BETWEEN NATION AND STATE

• In terms of territory, a state is comprised of four

elements: government, territory, population, and
sovereignty. However, a nation can be defined as a
population who shares a similar culture and ideals.
• In terms of political and social organization, state is a
political term and refers to an area that is organized for
the security of people. On the contrary, a nation tends
to focus less on the people’s physical needs and more on
metaphorical or emotional terms.
DIFFERENCE BETWEEN NATION AND STATE

• A state has police power and individuals who disobey are

punished. On the other hand, a nation doesn't possess strong
powers. In other words, It is a unity rather than a political
organization.
INTERNATIONALISM AND GLOBALISM

• Globalism means “networks of connections spanning

multicontinental distances, drawing them close together
economically, socially, culturally and informationally” (Das
2011:18).
• Economic globalism-is a constructive and creative dimension
of globalism and visualizes global economy as an integrated
marketplace.
• On the other hand, internationalism is only in the same line as
Globalization, but to limited field. Though internationalism is
also a process among countries but it is not as wide as
Globalization. Example: WTO VS SAARC
COMPETING CONCEPTIONS OF INTERNATIONALISM

• Internationalism comes in different forms, but the

principle may be divided into two broad categories:
liberal internationalism and socialist internationalism.
1. IMMANUEL KANT-LIBERAL INTERNATIONALISM
• Without a form of world government, he argued the
international system would be chaotic.
• In short, Kant imagined a form of global government.
2. KARL MARX-SOCIALIST INTERNATIONALISM
• He placed a premium on economic equality; he did not divide
the world into countries but into classes.
THE INSTITUTIONS that GOVERN INTERNATIONAL RELATIONS

• Of growing significance in the realm of global civil

society is the wide range of organizations dealing
primarily with issues that relate to the environment,
human rights, and economic development.
• International Nongovernmental Organizations (INGOS)
• These are international not-for-profit organizations that perform
public functions but are not established or run by nation-states
• INGOS are often grassroots organizations and therefore
are much more in touch with the needs and interests of their
membership
THE INSTITUTIONS that GOVERN INTERNATIONAL RELATIONS

• CARE INTERNATIONAL
• is a global force and partner of choice within a world-wide
movement dedicated to ending poverty. It is known everywhere
for its unshakable commitment to the dignity of people.
• WORLD WIDE FUND FOR NATURE
• WWF works with its partners worldwide to develop and implement
lasting solutions to the environmental challenges we face
• WWF focuses its efforts on two broad areas: biodiversity and
footprint
THE INSTITUTIONS that GOVERN
INTERNATIONAL RELATIONS

• GREENPEACE
• Greenpeace is an independent, campaigning organization which uses
non-violent, creative confrontation to expose global environmental
problems, and to force solutions for a green and peaceful future.
• AMNESTY INTERNATIONAL
• are campaigning for a world where human rights are enjoyed by all.
It is independent of any political ideology, economic interest or
religion.
• It mobilizes millions of supporters around the world to campaign for
change and to stand in defense of activists on the frontline.