CONTEMP Flashcards
What does it mean to other scholars?
for economist
they would look to changing patterns in international trade and commerce
What does it mean to other scholars?
•For historians
they would look if whether or not globalization is a modern phenomenon
•What does it mean to other scholars?
For political scientists,
they would focus on impact of the forces of globalization
•Globalization is brought about by changes in technology and the political, cultural, and economic aspects of human existence.
TIME: 1980
Agency/Domain:”Internationalization of the State”, INGO’s Keywords: Competitor states, post international politics, Global civil Society
political science
Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war has been central to the evolution of international relations.
who stated this?
robert gilpin
Birth of World Bank
Birth of World Bank
Jul 1944
Birth of International Monetary Fund
Dec. 1945)
Birth of General Agreement on Tariffs and Trade
oct. 1947
axis powers
Italy, Germany, and Japan
Allied powers
USA, UK, France, and USSR
grants long-term loans for the economic development of less developed countries and war-torn countries
THE WORLD BANK
two institutions of world bank
International Bank for
Reconstruction and Development (IBRD) - for middle and low-income countries
b. International Development Association (IDA)
IBRD STANDS FOR?
international Bank for revonstruction and development
IDA STANDS FOR?
INTERNATIONAL DEVELOPMENT ASSOCIATION
for middle and low-income countries
(bank)
International Bank for reconstruction and development
for lowest-income countries
(bank)
international development association
Globalization involves “broadening and deepening of interdependence among people and states”
who stated this?
theodore cohn
Defined economic globalization as “a process making the world economy an ‘organic system’ by extending transnational economic processes and economic relations to more and more countries by deepening the economic dependencies among them”
who stated this? Defined economic globalization as “a process making the world economy an ‘organic system’ by extending transnational economic processes and economic relations to more and more countries by deepening the economic dependencies among them”
tamas szentes
kapag mataas ang pera mas mataas ang huhulog
which orgs is this?
world bank and imf
World Bank and IMF: its money came from its members, they base it on their quota and economic position.
IMF was founded when?
1945
PURPOSE: promote global monetary cooperation and international financial stability
● Rates of currencies were related to gold and
U.S. Dollar ($)
imf