In: Economics
could someone answer these terms by defining it and explain the term as well of international relations course
5. Interstate/international system
6. Sovereignty
7. The New Deal
8. Cold War
9. Mutually Assured Destruction (MAD)
10. Proxy wars
5. Interstate or International system refers to a well defined framework under which nation-states act and interact with each other. For example the United Nations Vienna accord provides for exchange of embassies and envoys and thus set a system of political interaction amongst nations of the world.
6. Sovereignty refers to the ability to independently govern its internal and external affairs by a nation. For example USA, Britain and France etc are sovereign as they govern their own affairs independently. Most of the states in pre world war-II were under the occupation of Britain and hence were not sovereign.
7. The new deal refers to an economic and foreign policy program enunciated by President Franklin Roosevelt's administration in 1930's. Apart from the economic reforms for industrial and farm sectors, it included the good neighbor policy to avoid military interventions in Europe, additionally, it included the recognition of diplomatic relations with Soviet Union.
8. Cold War refers to the period of post world war-II till 1991, during this period the two global powers i.e USA and Soviet Union engaged in proxy wars and diplomatic embargo not reaching to the stage of full blown military engagement. The entire world during this period was divided into two camps, one aligned with USA and the other with Soviet Union. The cold war ended with the disintegration of USSR in 1991.
9. Mutually Assured Destruction is military strategy which argues that heavy nuclearization by the two parties to a conflict would act as a deterrent for both to attack each other. The rationale is that defender's capacity to destroy the attacker acts as a deterrent for both to attack each other. USA and former USSR both possessed heavy nuclear arsenal during cold war era to ensure mutually assured destruction in the event of an attack by one party.
10. Proxy Wars refer to a type of conflict between two or more states or non state entities that is prompted by other powers. The prompting powers in a proxy war provide funds, ammunition and military help to the parties. The prompting powers have a motive to engage with their rivals without getting engaged in a direct war.