contemp Flashcards
countries that are part of the global south
oceana
asia
latin america
it refers to the interconnected histories of colonialism, neo-imperialism, and differential economic and social change through which large inequalities in living standards, life expectancy, and access to resources are maintained
global south
refers to the decentralization of political power or competencies from higher towards a lower political level
regionalism
one of the major driving forces of economic globalization
the rapid growing of information in all types of productive activities
it is the global network if the government and financial institutions that determine the exchange rate of different currencies for international trade
international monetary system
nation is an imagined political community and imagined as both inherently limited because?
the members of even the smallest nation will never know most of their fellow, members, meet them, or even hear then, yet in their minds lives the image of their communion
it was said the globalization is a process wherein people, services, goods, and information travel throughout the world. what is the best example globalization?
korean idol, bts, ate filipino foods, learned filipino language, and visited philippine famous tourists destination during their stay in the country
requires coordinated monetary and fiscal policies as well as labor market, regional development, transportation and industrial policies
economic union
collection of individuals and groups often referred to as a “movement of movements” who advocate fair trade rules and are negative to current institutions pf global economics such as the world trade organizations
global justice movement
factor that led to increase and accelerate of movement of people, information, commodities, and capital
lifting of trade barriers
swift technological progress
liberalization of world capital markets
one major ideological claims of advocates of globalism states that, globalization is about the liberalization and global integration of markets
globalists believe that spread of markets forces driven by technological innovations is inevitable in globalization. neoliberals use this claim to convince people to adopt the natural discipline of the market if they want to prosper, which implies the elimination of government controls over the market
CleanMe corporation signed a contract with WhitaGlow that they will disclose the private information of their employees. however, they did not follow what is in the contract and did not give the needed compensation to WhitaGlow. what type of justice did CleanMe ignored
commutative justice
BRICS stands for the combined economies of
brazil, russia, india, china and south africa
the first multilateral agreement covering trade in services which was negotiated during the las round of multilateral trade negotiations, called the uruguay round, and came into force in 1995
the general agreement on trade services
functions that can be
