Chapter 11 - Globalization Flashcards Preview

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Flashcards in Chapter 11 - Globalization Deck (11):
1

Globalization

Linkages between states, societies, and economics intensifying.

2

Multinational Corporations (MNCs)

Firms that produce, distribute, and market goods and services in more than one country. (Apple)

3

Non-governmental Organizations (NGOs)

National and International groups that are independent of any state and pursue policy objectives that foster public participation. (Green-Peace, Amnesty International)

4

Intergovernmental Organizations (IGOs)

Groups created by states to serve police ends. WTO, EU, UN.

5

International Regime

Linkage of states through rules and norms that shape their relationships to one another, regarding some sort of issue.

6

Bretton Woods System

Economic regime created in 1944 to manage development, loans to states, and facilitate trade.

7

IMF

Manage exchange rates between countries and provide loans to states in financial difficulty.

8

WTO

Facilitates and manages trade agreements.

9

WB

Provides loans and technical assistance to advance development in LDC.

10

Foreign Direct Investment

Purchase of assets in a country by foreign firm.

11

Offshore outsourcing

Firm moves some of its work to a secondary business that can do it more efficiently or cheaply.