The Reference Library
Sanctions & Economic Warfare — Glossary
Key terms and definitions from the Sanctions & Economic Warfare course. Each term links to a full explanation.
- Terms
- 10 terms
- Categories
- 3 categories
Showing 10 entries
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3 entriesEconomic Interdependence
A condition where countries are mutually reliant on each other for goods, services, and capital, affecting their political relations.
Economic Sanctions Evasion
Actions by states or entities to bypass or undermine international [Economic Sanctions](https://modeldiplomat.com/learn/glossary/economic-sanctions) imposed by other countries or organizations.
Economic Sanctions Snapback
The automatic reinstatement of previously lifted [Economic Sanctions](https://modeldiplomat.com/learn/glossary/economic-sanctions) when a party violates an international agreement. It serves as a mechanism to enforce compliance.
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2 entriesThe New International Economic Order
A set of proposals by developing countries in the 1970s to promote their interests through reforming global economic relations.
Trade Elasticity of Supply
The responsiveness of the quantity supplied of a good to changes in its price in international markets.
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2 entriesWorld Bank Development Projects
Initiatives funded by the [World Bank](https://modeldiplomat.com/learn/glossary/world-bank) aimed at reducing poverty and promoting economic development in low-income countries.
World Trade Organization (WTO) Dispute Settlement
A legal process resolving trade disputes between member countries to enforce WTO agreements.