MercantilismMercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade. It promotes imperialism, colonialism, protectionism, currency manipulation, and tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current account deficit or reach a current account surplus, and it includes measures aimed at accumulating monetary reserves by a positive balance of trade, especially of finished goods.
Soft powerIn politics (and particularly in international politics), soft power is the ability to co-opt rather than coerce (in contrast with hard power). It involves shaping the preferences of others through appeal and attraction. A defining feature of soft power is that it is non-coercive; the currency of soft power includes culture, political values, and foreign policies. In 2012, Joseph Nye of Harvard University explained that with soft power, "the best propaganda is not propaganda", further explaining that during the Information Age, "credibility is the scarcest resource".
Pax BritannicaPax Britannica (Latin for "British Peace", modelled after Pax Romana) was the period of relative peace between the great powers during which the British Empire became the global hegemonic power and adopted the role of a "global policeman". Between 1815 and 1914, a period referred to as Britain's "imperial century", around of territory and roughly 400 million people were added to the British Empire. Victory over Napoleonic France left the British without any serious international rival, other than perhaps Russia in Central Asia.
Pax RomanaThe Pax Romana (Latin for "Roman peace") is a roughly 200-year-long timespan of Roman history which is identified as a period and golden age of increased and sustained Roman imperialism, relative peace and order, prosperous stability, hegemonial power, and regional expansion. This is despite several revolts and wars, and continuing competition with Parthia. It is traditionally dated as commencing with the accession of Augustus, founder of the Roman principate, in 27 BC and concluding in 180 AD with the death of Marcus Aurelius, the last of the "Five Good Emperors".
Vassal stateA vassal state is any state that has a mutual obligation to a superior state or empire, in a status similar to that of a vassal in the feudal system in medieval Europe. Vassal states were common among the empires of the Near East, dating back to the era of the Egyptian, Hittite and Mitanni conflict, as well as ancient China. The use of vassal states continued through the Middle Ages, with the last empire to use such states being the Ottoman Empire. The relationships between vassal rulers and empires was dependent on the policies and agreements of each empire.
Ruling classIn sociology, the ruling class of a society is the social class who set and decide the political and economic agenda of society. In Marxist philosophy, the ruling class are the capitalist social class who own the means of production and apply their cultural hegemony to determine and establish the dominant ideology (culture, mores, norms, traditions) of the society. In the 21st century, the worldwide political economy established by globalization has created a transnational capitalist class who are not native to any one country.
Divide and ruleDivide and rule policy (divide et impera), or divide and conquer, in politics and sociology is gaining and maintaining power divisively. Historically and presently this strategy was and is used in many different ways by empires seeking to expand their territories. However, it has been hard to distinguish between the exploitation of pre-existing divisions by opponents, and the deliberate creation or strengthening of these divisions implied by "divide and rule".
Regional hegemonyIn international relations, regional hegemony is the hegemony (political, economic, or military predominance, control or influence) of one independently powerful state, known as the regional hegemon over other neighboring countries. The relationship between regional hegemons and the other states within their spheres of influence is analogous to the relationship between a global hegemon and the other states in the international system.
Tributary stateA tributary state is a pre-modern state in a particular type of subordinate relationship to a more powerful state which involved the sending of a regular token of submission, or tribute, to the superior power (the suzerain). This token often took the form of a substantial transfer of wealth, such as the delivery of gold, produce, or slaves, so that tribute might best be seen as the payment of protection money.
Dominant ideologyIn Marxist philosophy, the term dominant ideology denotes the attitudes, beliefs, values, and morals shared by the majority of the people in a given society. As a mechanism of social control, the dominant ideology frames how the majority of the population thinks about the nature of society, their place in society, and their connection to a social class. In The German Ideology (1845), Karl Marx and Friedrich Engels said that "The ideas of the ruling class are, in any age, the ruling ideas" applied to every social class in service to the interests of the ruling class.
