Chapter 11 - Globalization

Question 1

Globalization

Answer 1

Linkages between states, societies, and economics intensifying.

Question 2

Multinational Corporations (MNCs)

Answer 2

Firms that produce, distribute, and market goods and services in more than one country. (Apple)

Question 3

Non-governmental Organizations (NGOs)

Answer 3

National and International groups that are independent of any state and pursue policy objectives that foster public participation. (Green-Peace, Amnesty International)

Question 4

Intergovernmental Organizations (IGOs)

Answer 4

Groups created by states to serve police ends. WTO, EU, UN.

Question 5

International Regime

Answer 5

Linkage of states through rules and norms that shape their relationships to one another, regarding some sort of issue.

Question 6

Bretton Woods System

Answer 6

Economic regime created in 1944 to manage development, loans to states, and facilitate trade.

Question 7

IMF

Answer 7

Manage exchange rates between countries and provide loans to states in financial difficulty.

Question 8

WTO

Answer 8

Facilitates and manages trade agreements.

Question 9

WB

Answer 9

Provides loans and technical assistance to advance development in LDC.

Question 10

Foreign Direct Investment

Answer 10

Purchase of assets in a country by foreign firm.

Question 11

Offshore outsourcing

Answer 11

Firm moves some of its work to a secondary business that can do it more efficiently or cheaply.