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LESSON 3 Flashcards

(64 cards)

1
Q

3 components of globalization:

A

economic
cultural/social
political

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2
Q

It refers to the widespread internationalmovement of goods, capital, services, technology, and information.

A

economic globalization

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3
Q

is one most often mentioned in the media

A

economic globalization

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4
Q

economic globalization primarily composes of:

A
  1. Production
  2. Finance
  3. Markets
  4. Technology
  5. Organizations
  6. Institutions
  7. Corporations
  8. Labor
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5
Q

works to achieve sustainable growth and prosperity for all of its 191 member countries.

A

international monetary fund

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6
Q

supports economic policies
that promote financial stability and monetary cooperation

A

international monetary fund

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7
Q

IMF in numbers:

A

191
44
1944
1 trillion

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8
Q

The IMF fosters international financial stability by offering:

A
  1. Policy advice
  2. Financial assistance
  3. Capacity development
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9
Q

A core responsibility of the IMF is monitoring the economic and financial policies of member countries and providing them with policy advice, an activity known as?

A

surveillance

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10
Q

The IMF identifies potential risks and
recommends appropriate policy adjustments to sustain economic growth and promote financial stability

A

policy advice

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11
Q

Unlike development banks, the IMF does not lend for specific projects. Instead, the IMF provides financial support to countries hit by crises to create breathing room as they
implement policies that restore economic stability and growth.

A

financial assistance

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12
Q

It also provides precautionary financing to help prevent crises

A

international monetary fund, financial assistance

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13
Q

can help countries to improve tax collection and bolster public
finances. It can help countries to modernize their monetary and exchange rate policies, develop legal systems, or strengthen governance.

A

capacity development

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14
Q

also can help countries collect and disseminate data to inform decision-making

A

capacity development

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15
Q

The International Monetary Fund (IMF) gets its funds primarily from its member countries through the following sources:

A

quotas
borrowing
interest & service charges

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16
Q

was established in 1944 to
help rebuild Europe and Japan after World War II. Its official name was the International Bank for Reconstruction and Development
(IBRD)

A

world bank

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17
Q

It supports a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management

A

world bank

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18
Q

lends money to middle-income
countries at interest rates lower than the rates on loans from commercial banks.

A

world bank

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19
Q

lends money at no interest to the poorest developing countries, those that often cannot find other sources of loans

A

world bank

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20
Q

world bank KEY PRIORITIES:

A

result
reform
open development

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21
Q

continues to sharpen the
focus on helping developing countries
deliver measurable results

A

result

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22
Q

working to improve every
aspect of work: how projects are designed, how information is made available (Access to Information), and how to bring our operations closer to client governments and communities

A

reform

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23
Q

offers a growing range of free,
easy-to-access tools, research and knowledge to help people address the world’s development challenges.

A

open development

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24
Q

Macroeconomic and financial stability

A

IMF

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25
Long-term economic development and poverty reduction.
world bank
26
is the only global international organization dealing with the rules of trade between nations
world trade organization
27
The goal is to ensure that trade flows as smoothly, predictably and freely as possible
world trade organization
28
the WTO is the successor to?
general agreement on tariffs and trade
29
how many members does WTO have?
166
30
help its members use trade as a means to raise living standards, create jobs and improve people’s lives.
world trade organization
31
operates the global system of trade rules and helps developing economies build their trade capacity
world trade organization
32
At the heart of the system – known as the _________ ________ ________ – are the WTO’s agreements, negotiated and signed by a large majority of the world’s trading economies, and ratified in their parliaments
multilateral trading system
33
It refers to the rapid transmission of ideas, meanings, and values and cultural products across around the world in such a way as to extend and intensify social relations.
cultural globalization
34
is an important aspect of cultural globalization.
migration
35
is the movement of people from one place to another, with intentions of settling, permanently or temporarily, at a new location
migration
36
result of cultural globalization
homogeneity
37
the process of cultural convergence, where cultures become more similar.
homogeneity
38
It's a result of increased interconnectedness between countries
homogeneity
39
impacts of homogenization:
1. Loss of cultural identity 2. Loss of sense of place 3. Cultural conflicts
40
It refers to the growth of the worldwide political system, both in size and complexity.
political globalization
41
political globalization includes:
national governments international governments
42
The creation and existence of the ______ ______ has been called one of the classic examples of political globalization
united nations
43
is an international organization founded in 1945.
united nations
44
how many member states does UN hold?
193
45
One place on Earth where all the world’s nations can gather together, discuss common problems, and find shared solutions that benefit all of humanity
united nations
46
structure of the UN
1. General Assembly, 2. Security Council 3. Economic and Social Council 4. Trusteeship Council 5. International Court of Justice 6. Secretariat
47
is the main deliberative, policymaking and representative organ of the UN. All 193 Member States of the UN are represented in the ______ _______, making it the only UN body with universal representation
general assembly
48
has primary responsibility, under the UN Charter, for the maintenance of international peace and security. It has 15 Members (5 permanent and 10 non-permanent members). Each Member has one vote. Under the Charter, all Member States are obligated to comply with Council decisions
security council
49
takes the lead in determining the existence of a threat to the peace or act of aggression. It calls upon the parties to a dispute to settle it by peaceful means and recommends methods of adjustment or terms of settlement.
security council
50
permanent members of the UN security council:
china france russia UK USA
51
operates at the centre of the UN system’s work on all three pillars of sustainable development—economic, social and environmental. It is the unifying platform for integration, action on sustainable development and follow-up and review
ECOSOC
52
one of the main organs of the United Nations, and assigned to it the task of supervising the administration of Trust Territories placed under the International Trusteeship System
trusteeship council
53
to promote the advancement of the inhabitants of Trust Territories and their progressive development towards self-government or independence
trusteeship council
54
is a non-self-governing territory that is administered by another country or organization. The United Nations (UN) or a member state would often administer trust territories to help with economic, political, social, and educational advancement
trust territories
55
Investigates and, where warranted, tries individuals charged with the gravest crimes of concern to the international community: genocide, war crimes, crimes against humanity and the crime of aggression. As a court of last resort, it seeks to complement, not replace, national Courts.
international criminal court
56
ICC is governed by an international treaty called?
rome statute
57
is the principal judicial organ of the UN. The Court has two functions: 1. To settle, in accordance with international law, legal disputes submitted by States, and 2. To give advisory opinions on legal questions referred to it by authorized UN organs and specialized agencies
international court of justice
57
ICJ is governed by?
UN charter
58
carries out the day-to-day work of the UN as mandated by the General Assembly and the Organization's other main organs.
secretariat
59
is the head of the Secretariat, which has tens of thousands of UN staff members working at duty stations all over the world
secretary-general
60
"chief administrative officer" of the Organization, who shall act in that capacity and perform "such other functions as are entrusted" to them by the Security Council, General Assembly, Economic and Social Council and other United Nations organs
secretary-general
61
secretary general of UN charter today?
antonio guterres
62
UN General Assembly - President of the 62nd Session
carlos po romulo
63
bonus