chapter 3 Flashcards
3 basic types of market integration
horizontal integration
vertical integration
conglomeration
this occurs when a firm or agency gains control of other firm or agency
horizontal integration
this occurs when a firm performs more than one activity in the sequence of the marketing process
vertical integration
degree of integration (2)
ownership integration
contract integration
this occurs when all the decision and assets of firms is completely assumed by another firm
ownership integration
this involve an agreement between two firms on certain decisions, which each firm retains its separate identity
contract integration
the degree of correlation between two prices
price correlation
refers to the relationship between different state union
modern interstate system
it is a core state that has a significantly greater amount of economic power than any other state
hegemon
it is a macro scale approach use to analyze the world history of the mankind and social changes in different countries
world systems theory
this region have less developed economy and are not dominant in the international trade
semi-peripheral nations
these are the nations that are least economically developed
peripheral nations
it is a part of institutional framework that binds national economies
it refers to the operating system of the financial environment
international monetary system
List of international financial institution
- european investment bank (EIB)
- inter-american development bank (IDB)
- asian development bank (ADB)
- international fund for agricultural development (IFAD)
international financial institution
EIB
european investment bank
international financial institution
IDB
inter-american development bank
international financial institution
ADB
asian development bank
international financial institution
IFAD
International fund for agricultural development
stages of international monetary system
BGGF
the bimetallism
gold standard
gold exchange standard
flexible exchange rate regime
- ___ - EU’s financing institution
- ___ - a regional development bank
- ___ - a multilateral developement financial institution
- ___ - an international financial institution
european investment bank (EIB)
inter-american development bank (IDB)
asian development bank (ADB)
international fund for agricultural development (IFAD)
the world bank was created in 1944 out of the ___?
bretton woods agreement
IMF’s primary methods for achieving their goals
- monitoring
- capacity building
- lending
it is the product of selective pooling of national sovereignty
european integration
it refers to the emergence of a starkly opposing theory of european integration
intergovernmentalism
it emphasis on non-state interests at the domestic and supernational levels
neofunctionalism
a final strand within the lifelong learning programme is the ____?
the programme is concerned with the construction of the european community and etc..
Jean Monnet Programme
he is the french president who advocate immediate action and a radical solution to the greek problem
president nicolas sarkozy
they argue that a ‘social europe’ already exists, and is actively engaged in politics
leibfried and pierson
EIB was created in 9158 under the ___?
treaty of rome
economic integration in ASEAN is delivered through the ___?
ASEAN Economic Community
AEC blueprint 2025 envisions five interrelated and mutually reinforcing characteristics namely….
- a highly integrated and cohesive economy
- a competitive, innovative, and dynamic ASEAN
- enhanced connectivity and sectoral cooperation
- A resilient, inclusive, people-oriented, and people centered ASEAN
- a global ASEAN
Through the years, the World Bank has expanded from a single institution to a group of five unique and cooperative institutional organizations,
known as the World Banks or collectively as the World Bank Group (5)
- International Bank for Reconstruction of Development (IBRD),
- International Development Association (IDA)
- International Finance Corporation (IFC)
- Multilateral Investment Guarantee Agency (MIGA)
- the International Centre for Settlement of Investment Disputes (ICSID),
World Bank Group
The first organization is the ________________, an institution that provides debt financing to governments that are considered middle income.
International Bank for Reconstruction of Development (IBRD)
World Bank Group
The second organization within the World Bank Group is the ____________, a group that gives interest-free loans to the governments of poor countries.
International Development Association (IDA)
World Bank Group
The ________, the third organization, focuses on the private sector and provides developing countries with investment financing and financial advisory services.
International Finance Corporation (IFC)
World Bank Group
The fourth part of the World Bank Group is the ________, an organization that promotes foreign direct investments in developing countries.
Multilateral Investment Guarantee Agency (MIGA)
World Bank Group
The fifth organization is the _________, an entity that provides arbitration on international investment disputes.
International Centre for Settlement of Investment Disputes (ICSID)
