political culture
an overall set of values widely shared within a society
free enterprise
Economic system in which individuals and businesses are allowed to compete for profit with a minimum of government interference
Rule of Law
principle that the law applies to everyone, even those who govern
political ideology
a more or less consistent set of beliefs about what policies government ought to pursue
generational effect
a long-lasting effect of the events of a particular time on the political opinions of those who came of political age at that time
MNCs
multi-national corporations, which are companies that span multiple countries
global economy
economic activity that crosses national borders
Individualism
a social theory favoring freedom of action for individuals over collective or state control.
command-and-control economy
A type of economic policy in which government dictates much of a nation's economic activity, including the amount of production and prices for goods
Limited Government
A principle of constitutional government; a government whose powers are defined and limited by a constitution.
life cycle effect
People change as they grow older because of age-specific experiences and thus people are likely to hold age-specific attitudes.
NGOs
A non-governmental, non-profit organization that runs aid programs and lobbies for people's rights around the world
Outsourcing
obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.
equality of opportunity
a widely shared American ideal that all people should have the freedom to use whatever talents and wealth they have to reach their fullest potential
mixed economy
An economy in which private enterprise exists in combination with a considerable amount of government regulation and promotion.
political socialization
the process by which people gain their political attitudes and opinions
Globalization
the development of an increasingly integrated world economy
IGOs
institutions created and joined by states' governments, which give them authority to make collective decisions to manage particular problems on the global agenda