Key Terms

balance of power
a situation in which no one nation or region is much more powerful militarily than any other in the world
balance of trade
the relationship between a country’s inflow and outflow of goods
Cold War
the period from shortly after World War II until approximately 1989–1990 when advanced industrial democracies divided behind the two superpowers (East: Soviet Union, West: United States) and the fear of nuclear war abounded
congressional executive agreement
an international agreement that is not a treaty and that is negotiated by the president and approved by a simple majority of the House and Senate
containment
the effort by the United States and Western European allies, begun during the Cold War, to prevent the spread of communism
diplomacy
the establishment and maintenance of a formal relationship between countries
foreign policy
a government’s goals in dealing with other countries or regions and the strategy used to achieve them
free trade
a policy in which a country allows the unfettered flow of goods and services between itself and other countries
hard power
the use or threat of military power to influence the behavior of another country
isolationism
a foreign policy approach that advocates a nation’s staying out of foreign entanglements and keeping to itself
liberal internationalism
a foreign policy approach of becoming proactively engaged in world affairs by cooperating in a community of nations
neo-isolationism
a policy of distancing the United States from the United Nations and other international organizations, while still participating in the world economy
neoconservatism
the belief that, rather than exercising restraint, the United States should aggressively use its might to promote its values and ideals around the world
North Atlantic Treaty Organization (NATO)
a cross-national military organization with bases in Belgium and Germany formed to maintain stability in Europe
protectionism
a policy in which a country does not permit other countries to sell goods and services within its borders or charges them very high tariffs (import taxes) to do so
selective engagement
a policy of retaining a strong military presence and remaining engaged across the world
soft power
nonmilitary tools used to influence another country, such as economic sanctions
sole executive agreement
an international agreement that is not a treaty and that is negotiated and approved by the president acting alone
treaty
an international agreement entered by the United States that requires presidential negotiation with other nation(s), consent by two-thirds of the Senate, and final ratification by the president
two presidencies thesis
the thesis by Wildavsky that there are two distinct presidencies, one for foreign and one for domestic policy, and that presidents are more successful in foreign than domestic policy
United Nations (UN)
an international organization of nation-states that seeks to promote peace, international relations, and economic and environmental programs

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