Geopolitics

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Economic issue arise when a few big companies dominate the market, leading to increased prices and decreased innovation because of reduced competition.

Geopolitics

Consumerism

The Cold War encouraged economic rivalry and technological development between the US and USSR, which aided in the development of consumerism

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Main advancements in communication and transportation technologies

Major Outcomes

Lead to

degree of power is greatly influenced by a nation's reliance on and participation in global trade.

Politcal/ Power

Militarism

Ex. US Cold War military spending peak in 1985 ($1.3 Trillion)

Power Dynamics

Soft Power

Government Diplomacy

Hard Power

leads to economic power (Aid/bribes)

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Proxy war

Terrorism

Vietnam war, Afghanistan war

Cold war

Conflict between ideologies: capitalism and communism

Economic

Nationalism

Monopolies

Political concern occurs when a limited number of firms can influence policymakers to pass rules or regulations that favor their interests over others.

EX. NAFTA

Global interdependence

Liberalized economies

May lead to job displacement (affecting social barries)

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Trade

Technological Innovation

Liberalized economies

Exports/Imports

Countries rely on exports/imports from developed countires

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Free trade agreements

Reduces tarrifs and trade barriers

Sanctions/Tarrifs