L3 (part 2)

Question 1

one that operates in more than one country. Particularly in the United States, the term can mean different things to different context, with the characteristics of a global
corporation varying accordingly. (Craig Berman, 2017)

Answer 1

Global Corporation

Question 2

He defined a global business as one that maintains a strong headquarters in one country, but has investments in multiple foreign locations.

Answer 2

Michael Porter at Harvard University

Question 3

These global entities, IFIs and global corporations, play a
significant role in global wealth creation and distribution,
including global economic development, according to?

Answer 3

Neubauer, 2014

Question 4

Similarly, global corporations need to embrace that their impact to society and environment goes beyond profit, products, and
employment but more so to social development and
ensuring environmental integrity in the midst of their
operations and expansion, according to?

Answer 4

Neubauer, 2014

Question 5

The European Union (EU) and the adoption of the Euro as a single currency have brought several benefits to its member states. Here are some key
advantages:

Answer 5

Enhanced Trade and Economic Integration

Price Transparency and Competition

Increased Financial Integration

Increased Foreign Direct Investment (FDI)

Improved Monetary Policy and Stability

Elimination of Exchange Rate Uncertainty

Question 6

when and where Asian Integration established?

Answer 6

Established on August 8, 1967 in Bangkok Thailand

Question 7

Founding member of the Asian Integration?

Answer 7

Indonesia
Malaysia
Philippines
Singapore
Thailand

Additional members:
Brunai joined on January 7, 1984; Vietnam on July 28,
1985; Lao PDR and Myanmar on July 23, 1997 and
Cambodia on April 30, 1999.

Question 8

Established in 2015, Kuala Lumpur, Malaysia is a regional economic integration initiative by the
Association of Southeast Asian Nations (ASEAN).

Answer 8

ASEAN Economic Community (AEC)

Question 9

envisions the creation of a single market and production base that will enhance
economic cooperation and integration among ASEAN member states.
The AEC Blueprint 2025 outlines the strategic measures and targets for
achieving the goals of the AEC by the year 2025.

Answer 9

ASEAN ECONOMIC COMMUNITY (AEC)

Question 10

aims to establish a highly integrated and cohesive economy among ASEAN member states. The objectives include creating a single market and production base, facilitating the movement of goods, services, and investments, promoting competition
and innovation, enhancing connectivity and regional economic integration, and developing a resilient, inclusive, and sustainable economic community.

Answer 10

ASEAN ECONOMIC COMMUNITY (AEC) 2025

Question 11

aims to create a people-centered and people-oriented community that is politically cohesive, economically integrated, socially responsible, and environmentally sustainable. It envisions an ASEAN community that is resilient, inclusive, and dynamic.

Answer 11

ASEAN Community Vision 2025

Question 12

aims to promote political and security
cooperation among ASEAN member states, ensuring
peace, stability, and resilience in the region.

Answer 12

ASEAN Political Security Community 2025

Question 13

aims to promote social progress, cultural development, and human resource capacity-building within ASEAN.

Answer 13

ASEAN Socio-Cultural Community (ASCC)

Question 14

5 Core Principles ASEAN Single Market and Production Base:

Answer 14

Free flow of goods
Free flow of services
Free flow of investment
Free flow of capital
Free flow of skilled labor

Question 15

refer to the economic and developmental disparities between different regions of the world

Answer 15

Global divides

Question 16

Developed countries, primarily in the Northern Hemisphere:

Answer 16

North America: United States, Canada
Europe: Germany, United Kingdom, France
Asia: Japan, South Korea

Question 17

Developing countries, primarily in the Southern Hemisphere

Answer 17

Africa: Nigeria, Kenya, South Africa
Latin America: Brazil, Mexico, Argentina
Asia: India, Indonesia, Bangladesh

Question 18

indicators: Metrics used to differentiate
the North and South

Answer 18

GDP (Gross Domestic Product)
HDI (Human Development Index)
Access to Technology
Healthcare
Education

Question 19

Causes of the North-South Divide:

Answer 19

Historical Factors (Colonialism, Industrialization)
Economic Factors (Trade Imbalances, Investment Flows)
Political Factors (Governance, Policy Choices)

Question 20

Impacts of the North-South
Divide:

Answer 20

Economic Impacts (Poverty, Inequality)
Social Impacts (Health, Education, Quality of Life)
Political Impacts (Stability, International Relations)