Drivers of Globalization

Question 1

what is the GATT

Answer 1

General Agreement on Tariffs and Trade: treaty designed to promote free trade by reducing tariffs and nontariff barriers to international trade

Question 2

What is the WTO

Answer 2

World Trade Organization:
the international organization that enforces the rules of international trade

Question 3

What are the other 3 drivers of globalization (falling barriers to trade and investment)

Answer 3

1. regional trade agreements (ex; USMCA, EU, APEC)
2. other international organizations (ex: the world bank)
3. international monetary fund

Question 4

What are the 3 drivers of globalization (e-commerce)

Answer 4

1. e-commerce
2. internet
3. company intranets and extranets

Question 5

What are the 3 drivers of globalization (digital transformation)

Answer 5

1. digitization
2. digitalization
3. digital transformation

Question 6

What are the 2 drivers of globalization (communication and transportation)

Answer 6

1. communication
2. transportation