CONTEMPORARY WORLD Flashcards
EXISTING BEFORE THAT PRESENT UNTIL NOW
CONTEMPORARY WORLD
INCREASING INTERACTION OF PEOPLE AROUND THE WORLD
GLOBALIZATION
SPEED UP MOVEMENT FAST SHIFTING WIDE SPREAD MATTER
GLOBALIZATION PHENOMENA
ADAPTING OF BEHAVIOR IN THE SORROUNDING CULTURE
ACULTURATION
AQUIRING ROUR OWN CULTURE
ENCULTURATION
AQUIRING THE CULTURE BY EXPOSING TO YOU
IMMERSION
THROUGH MARRIAGE
AMALGAMATION
MAS MAGANDA YUNG CULTURE NOON KESA NGAYON
TEMPOROCESTRISM
LEARN NEW CULTURE BUT YOU DONT FORGET YOUR OWN CULTURE
ACCOMODATION
THE STRONGER CULTURE KILLS THE WEAKER CULTURE
ASSIMILATION
refers to the expanding
interdependence of world economies.
ECONOMIC GLOBALIZATION
a type of investment in which a
company establishes a business in another country for production of goods or services and still
takes part in the management of that business.
FDI
serves to stabilize the international monetary system and acts as a monitor of the
world’s currencies.
IMF
derives its name from the lucrative trade in silk
carried out along its length, beginning in the Han dynasty in China.
SILK ROAD
eases trade
among countries.
WTO
a major supplier and exporter of
manufactured goods that has affected the world
economy.
CHINA
company’s services is increasing throughout the
Philippines.
BPO
is a driving factor in the process of globalization.
ICT
It is usually a large corporation incorporated in one country which produces or sells
goods or services in various countries.
MNCS
It is a huge company that does business in several
countries.
TNCS
as manager of the national
economy is being redefined by globalization.
NATION STATE
also known as a “global company”, is coined
from the base term ‘global’, which means all around the world.
GLOBAL CORPORATION
a set of
internationally agreed rules, conventions and supporting institutions
that facilitate international trade, cross border investment and
generally the reallocation of capital between nation states.
IMS
created
a collective international currency exchange regime that lasted
from the mid-1940s to the early 1970s.
BREETTON WOOD AGREEMENT
arrangement between European countries to link their
currencies.
EMS
occurs when prices among different locations or related goods follow similar
patterns over a long period of time.
Market integration
Its aim is to end extreme poverty and promote shared prosperity in a sustainable way.
WORLD BANK
It works to foster global monetary cooperation, secure financial
stability, facilitate international trade, and more.
INTERNATIONAL MONETARY FUND
These two are
intergovernmental financial institutions that were created to spur social progress and economic growth in order
to address and reduce poverty.
ADB AND AFDB
is an American multinational investment banking and financial corporation. It is the fourth (4th)
largest bank in
the
US.
CITYGROUP
is the wealth management division of the Bank of America.
MERYLL LYNCH
It is the policy of a country seeking to extend or retain its
authority over other people or territories, generally with the aim of
economic dominance.
CONTROLING THE PEOPLE
COLONIALISM
It is a policy or ideology of extending the rule or authority of a
country over other countries and peoples, often by military force or by
gaining political and economic control.
IMPOZING
IPERIALISM
are the exporters and importers with
no investments outside their home countries.
INTERNATIONAL COMPANY
HOME BASED
MULTINATIONAL COMPANIES
like a multinational company, has
investment and business in the countries in which it chooses to
operate.
GLOBAL COMPANY
The United Nations Conference on Trade and Development (UNCTAD) defines
FDIs as “funding made to acquire lasting interest in enterprises
INVESTMENT BASED PERIOD
period, global corporations were controlled
by producer- driven commodities. As a result, firms were
characterized by large amounts of concentrated capital focused on
large-scale or capital-intensive manufacturing.
TRADE BASED PERIOD
More so, digital globalization affected the operation of global corporations
since technology became integrated in both production and consumption.
DIGITAL GLOBALIZATION
value streams have integrated their corporate structures to
reduce the effects of time and distance in the production and consumption of
goods.
PRODUCER DRIVEN
value streams have changed the behavior of corporations in
retailing their goods and services via the internet.
BUYER DRIVEN
is a polity under a system of governance.
STATE
STATED THAT AGREEMENTS AMLNG NATION MUST BE REACH
IMMANUEL KANT
PROPOSE THAT NATION MUST GIVE UP THEIR FREEDM
LIBERAL INTERNATIONALISM
BASED ON THE VIEW POINT OF CAPITALISM
SOCIALIST INTERNATIONALISM
INTERNATIONAL WORKERS DAY
MAY 1
INTERNATIONAL WOMANS DAY
MARCH 8
UNDERSTAND ALL INTERCONNECTION OF MODERN WORLD
GLOBALISM
FACET OF CONTEMPORARY political globalization
GLOBAL INTERSATE SYSTEM
