Geopolitics

Economic

Free trade agreements

Reduces tarrifs and trade barriers

Sanctions/Tarrifs

Exports/Imports

Countries rely on exports/imports from developed countires

---->

Trade

Liberalized economies

^

Technological Innovation

Liberalized economies

May lead to job displacement (affecting social barries)

----->

Global interdependence

EX. NAFTA

Monopolies

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

^

Nationalism

Politcal/ Power

Cold war

Conflict between ideologies: capitalism and communism

Proxy war

Vietnam war, Afghanistan war

Terrorism

--->

Power Dynamics

Hard Power

leads to economic power (Aid/bribes)

<----

Soft Power

Government Diplomacy

Militarism

<----

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

^

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

^

<----

Major Outcomes

Lead to

Main advancements in communication and transportation technologies

Consumerism

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

⬆️

----->

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


^

--->

<----