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Contemporary > Globalization G1 > Flashcards

Globalization G1 Flashcards

1
Q

increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies

A

Economic globalization

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2
Q

integration of the entire world into a unified market, facilitating global trade in goods, services, capital, and labor, while also promoting the seamless exchange of information and research outcomes across nations

A

Economic globalization

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3
Q

involved an increase in the international movements of goods and services, capital (portfolio investments or foreign direct investment by MNCs), and labor as people migrate for employment

A

Economic globalization

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4
Q

helps facilitate movement of goods from one country to another making goods and services available to all.

A

Economic globalization

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5
Q

has led to corporations opening up their branches in emerging nations which leads to the growth and development of these economies

A

Economic globalization

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6
Q

Result of human innovation and technological progress

A

International monetary fund

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7
Q

Integration of economy globally through goods and capital movement

A

International monetary fund

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8
Q

Traced back to historical economic movement in Asia, Africa, and Europe

A

International monetary fund

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9
Q

connected East (China) and West, leading discovery of Philippine Islands

A

Silk road
International monetary fund

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10
Q

Contemporary period: Foreign expatriates manage company’s foreign subsidiaries

A

International monetary fund

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11
Q

ancient trade route, connected the Western world to the Middle East and Asia

A

Silk road

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12
Q

facilitating trade between the Roman Empire and China, as well as fostering commerce between medieval European kingdoms and China

A

Silk road

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13
Q

International Financial Institutions

A

World bank
International monetary fund

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14
Q

fosters global monetary cooperation, ensures financial stability, support developing countries

A

International monetary fund

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15
Q

drive global cooperation, address disparities, and pave the way for more

A

International Financial Institutions

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16
Q

process of “making the world economy an ‘organic system’ by extending transnational economic processes and relations to more and more countries and by deepening the economic interdependencies among them

A

Economic globalization acc to Szentes 2003

17
Q

believed that there are four dimensions of the economy

A

BENZCES (2014)

18
Q

Dimensions of economy

A

1 globalization of trades and goods and services
2 Globalization of financial and capital markets
3 Globalization of technology and communication
4 Globalization of production

19
Q

founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity

A

International monetary fund

20
Q

It supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support

A

Asian development bank

21
Q

Top Countries in the Globalization Index

2023

A

Switzerland
Belgium
Netherlands

22
Q

established in the 1960s, focus on regional development

A

Asian development bank
African development bank

23
Q

spurs economic growth and progress, addressing poverty in Asia

A

Asian development bank

24
Q

focuses on regional development in Africa

A

African development bank

25
Q

ACTORS THAT FACILITATE ECONOMIC GLOBALIZATION

A

State
Non-state

26
Q

CERTAIN FORM OF STATE THAT DERIVES ITS POLITICAL LEGITIMACY FROM SERVING AS A SOVEREIGN ENTITY FOR A NATION WITHIN ITS SOVEREIGN TERRITORIAL SPACE.

A

Nation-state

27
Q

A POLITICAL AND GEOPOLITICAL ENTITY

A

State

28
Q

CULTURAL AND/OR ETHNIC ENTITY

A

Nation

29
Q

IMPLIES THAT THE TWO GEOGRAPHICALLY COINCIDE, AND THIS DISTINGUISHES THIS FROM THE OTHER TYPES OF STATE, WHICH HISTORICALLY PRECEDED IT.

A

Nation-state

30
Q

PROVIDES THE STRUCTURE AND FUNDING FOR MANY UNILATERAL AND MULTILATERAL DEVELOPMENT PROJECTS

A

INTERNATIONAL ECONOMIC AND FINANCIAL ORGANIZATIONS

31
Q

THEIR ACTIVITIES PROMOTE SUSTAINABLE PRIVATE AND PUBLIC SECTOR DEVELOPMENT PRIMARILY BY: FINANCING PRIVATE SECTOR PROJECTS LOCATED IN THE DEVELOPING WORLD: HELPING PRIVATE COMPANIES IN THE DEVELOPING WORLD MOBILIZE FINANCING IN INTERNATIONAL FINANCIAL MARKETS; AND PROVIDING ADVICE AND TECHNICAL ASSISTANCE TO BUSINESSES AND GOVERNMENTS

A

INTERNATIONAL ECONOMIC AND FINANCIAL ORGANIZATIONS

32
Q

ENTITY CREATED BY TREATY, INVOLVING TWO OR MORE NATIONS, TO WORK IN GOOD FAITH, ON ISSUES OF COMMON INTEREST

A

International governmental organizations

33
Q

BRING MEMBER STATES TOGETHER TO ON A PARTICULAR THEME OR ISSUES THAT HAVE GLOBAL IMPACTS AND IMPLICATIONS SUCH AS HUMAN RIGHTS, TRADE, DEVELOPMENT, POVERTY, GENDER OR MIGRATION

A

International governmental organizations

34
Q

AT THE INDIVIDUAL LEVEL, ACCESS TO INFORMATION ALLOWS PEOPLE TO MAKE INFORMED CHOICES-TO DECIDE HOW TO VOTE, TO EDUCATE THEMSELVES ON CRITICAL HEALTH ISSUES, TO GET THE MARKET DATA THEY NEED TO SELL THEIR PRODUCTS, AND ULTIMATELY TO PARTICIPATE IN THE GLOBAL COMMUNITY

A

Media

35
Q

INSTITUTIONS PROVIDE LOANS, GRANTS, GUARANTEE, PRIVATE EQUITY AND TECHNICAL ASSISTANCE TO PUBLIC AND PRIVATE SECTOR PROJECTS IN DEVELOPING COUNTRIES

A

Multilateral development banks

36
Q

ORGANIZATIONS ARE TASK-ORIENTED AND PERFORM A VARIETY OF SERVICE AND HUMANITARIAN FUNCTIONS

A

Non-governmental organizations

37
Q

THROUGH MERGERS AND ACQUISITIONS CORPORATIONS HAVE BEEN GROWING VERY RAPIDLY AND SOME OF THE LARGEST TNCS NOW HAVE ANNUAL PROFITS EXCEEDING THE GDPS OF MANY LOW AND MEDIUM INCOME COUNTRIES

A

Transnational corporations

Contemporary (4 decks)

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