Political science

Political science

The social science discipline concerned with the study of the state, government and politics.

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Political science

balance of payments

Politics; Political Science

A statistical record of all the economic transactions between one country and all other countries over a given period. The transactions include goods, services (including investments) private and ...

The concept that world peace is best served when no one power in any region gains sufficient military strength to dominate other states in that region. The term was first used to describe European ...

balance of power policy

Politics; Political Science

The active prevention of any one state becoming too strong by the major powers in the system.

balance of terror

Politics; Political Science

The phrase was coined by British prime minister Winston Churchill (1874-1965). It refers to the situation during the Cold War, when both the United States and the Soviet Union had the capacity to ...

balance of trade

Politics; Political Science

The balance between what a country spends on imports and what it earns by exports. A favorable balance of trade is when revenue from exports is greater than expenditure on imports.

balanced budget

Politics; Political Science

A budget in which expenditure is equal to, or not greater than, income. In the 1990s, there has been growing concern about the federal budget deficit, and a proposal for a constitutional amendment ...

balkanization

Politics; Political Science

To break up into small, hostile units, as happened to the Balkan states (Yugoslavia, Bulgaria, Greece, Albania, Turkey and Romania) after World War I. A more recent example occurred in Lebanon during ...