The Westphalian Idea of the Sovereign Equality of Member States

question 44

Multiple Choice

The Westphalian idea of the sovereign equality of member states is

• A) the basis for the structure of the UN Security Council.
• B) the basis for each state having one vote in the UN General Assembly.
• C) the basis for the veto power of the five permanent members of the Security Council.
• D) the basis for the role of certain states in the UN budget negotiations.

Explain the main tenets, criticisms, and applications of major development theories including dependency theory and modernization theory.

Define and analyze the role of technological advancements in facilitating globalization.

Discuss the reasons and implications of locating production facilities of developed country companies in underdeveloped countries.

Recognize the influence of globalization on international political, economic systems, and social structures.

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Definitions:

Cash Inflow

Money received by a business, typically from operational, investing, and financing activities.

Net Present Value

The difference between the present value of cash inflows and outflows over a period of time, used to assess the profitability of an investment.

Compound Interest

This refers to the calculation of interest on both the initial amount deposited or borrowed as well as on the interest that has already been accumulated over previous periods.

Desired Rate of Return

The minimum percentage of gain or profit expected by an investor from an investment.