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World-systems theory (also known as world-systems analysis or the world-systems perspective) [3] is a multidisciplinary approach to world history and social change which emphasizes the world-system (and not nation states) as the primary (but not exclusive) unit of social analysis. [3]
The economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic cooperation—such ...
The triangular trade or triangle trade was a system used to connect three areas of the world through trade. [43] Once traded, items and goods were shipped to other parts of the world, making the triangle trade a key to global trade. The Triangle Trade system was run by Europeans, increasing their global power. [43]
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
The Westphalian System is the preeminent world-system operating in the contemporary world, denoting the system of sovereign states and nation-states produced by the Westphalian Treaties in 1648. Several world-systems can coexist, provided that they have little or no interaction with one another.
Along with the political institutions of the UN, the post-war years also saw the development of organizations such as the General Agreement on Tariffs and Trade (GATT) (now the World Trade Organization), the World Bank, and the International Monetary Fund (IMF) (the so-called 'Bretton Woods' institutions), and other technical institutions that ...
On the System or Theory of the Trade of the World is an immediate precursor to the first modern economic texts, written by Isaac Gervaise and published in 1720. [1]Along with several other early economic texts, Gervaise was building on the efforts to understand the catastrophic damage that the unstable value of gold had wreaked upon Europe during the two centuries of price revolution that had ...