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Victor Cha proposed the Powerplay theory in his article "Powerplay: Origins of the U.S. Alliance System in Asia", which explains the reasons behind the United States' decision in creating a series of bilateral alliances with East Asian countries. Powerplay is commonly used in any political or social situation when one uses its knowledge or ...
In international relations, multilateralism refers to an alliance of multiple countries pursuing a common goal. Multilateralism is based on the principles of inclusivity, equality, and cooperation, and aims to foster a more peaceful, prosperous, and sustainable world. [1]
The second type is a bilateral trade agreement, when signed by two parties, where each party may be a country (or other customs territory), a trade bloc or an informal group of countries (or other customs territories). Both countries loosen their trade restrictions to help businesses, so that they can prosper better between the different countries.
Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio ...
1866 cartoon by Daumier, L’Equilibre Européen, representing the balance of power as soldiers of different nations teeter the earth on bayonets. The balance of power theory in international relations suggests that states may secure their survival by preventing any one state from gaining enough military power to dominate all others. [1]
International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP).
Organizations grouping almost all the countries in their respective continents. Note that Turkey is a member of both the Council of Europe (CoE) and the Asia Cooperation Dialogue (ACD). See also: international organization. Several smaller regional organizations with non-overlapping memberships. Several non-overlapping large alliances.
A common market is seen as a stage of economic integration towards an economic union [8] or possibly towards the goal of a unified market.. A single market is a type of trade bloc in which most trade barriers have been removed (for goods) with some common policies on product regulation, and freedom of movement of the factors of production (capital and labour) and of enterprise and services.