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PHATFIT > CONTEMPORARY WORLD > Flashcards

CONTEMPORARY WORLD Flashcards

1
Q

EXISTING BEFORE THAT PRESENT UNTIL NOW

A

CONTEMPORARY WORLD

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2
Q

INCREASING INTERACTION OF PEOPLE AROUND THE WORLD

A

GLOBALIZATION

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3
Q

SPEED UP MOVEMENT FAST SHIFTING WIDE SPREAD MATTER

A

GLOBALIZATION PHENOMENA

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4
Q

ADAPTING OF BEHAVIOR IN THE SORROUNDING CULTURE

A

ACULTURATION

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5
Q

AQUIRING ROUR OWN CULTURE

A

ENCULTURATION

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6
Q

AQUIRING THE CULTURE BY EXPOSING TO YOU

A

IMMERSION

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7
Q

THROUGH MARRIAGE

A

AMALGAMATION

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8
Q

MAS MAGANDA YUNG CULTURE NOON KESA NGAYON

A

TEMPOROCESTRISM

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9
Q

LEARN NEW CULTURE BUT YOU DONT FORGET YOUR OWN CULTURE

A

ACCOMODATION

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10
Q

THE STRONGER CULTURE KILLS THE WEAKER CULTURE

A

ASSIMILATION

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11
Q

refers to the expanding
interdependence of world economies.

A

ECONOMIC GLOBALIZATION

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12
Q

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.

A

FDI

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13
Q

serves to stabilize the international monetary system and acts as a monitor of the
world’s currencies.

A

IMF

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14
Q

derives its name from the lucrative trade in silk
carried out along its length, beginning in the Han dynasty in China.

A

SILK ROAD

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15
Q

eases trade
among countries.

A

WTO

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16
Q

a major supplier and exporter of
manufactured goods that has affected the world
economy.

A

CHINA

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17
Q

company’s services is increasing throughout the
Philippines.

A

BPO

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18
Q

is a driving factor in the process of globalization.

A

ICT

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19
Q

It is usually a large corporation incorporated in one country which produces or sells
goods or services in various countries.

A

MNCS

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20
Q

It is a huge company that does business in several
countries.

A

TNCS

21
Q

as manager of the national
economy is being redefined by globalization.

A

NATION STATE

22
Q

also known as a “global company”, is coined
from the base term ‘global’, which means all around the world.

A

GLOBAL CORPORATION

23
Q

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.

A

IMS

24
Q

created
a collective international currency exchange regime that lasted
from the mid-1940s to the early 1970s.

A

BREETTON WOOD AGREEMENT

25
Q

arrangement between European countries to link their
currencies.

A

EMS

26
Q

occurs when prices among different locations or related goods follow similar
patterns over a long period of time.

A

Market integration

27
Q

Its aim is to end extreme poverty and promote shared prosperity in a sustainable way.

A

WORLD BANK

28
Q

It works to foster global monetary cooperation, secure financial
stability, facilitate international trade, and more.

A

INTERNATIONAL MONETARY FUND

29
Q

These two are
intergovernmental financial institutions that were created to spur social progress and economic growth in order
to address and reduce poverty.

A

ADB AND AFDB

30
Q

is an American multinational investment banking and financial corporation. It is the fourth (4th)
largest bank in
the
US.

A

CITYGROUP

31
Q

is the wealth management division of the Bank of America.

A

MERYLL LYNCH

32
Q

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

A

COLONIALISM

33
Q

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

A

IPERIALISM

34
Q

are the exporters and importers with
no investments outside their home countries.

A

INTERNATIONAL COMPANY

35
Q

HOME BASED

A

MULTINATIONAL COMPANIES

36
Q

like a multinational company, has
investment and business in the countries in which it chooses to
operate.

A

GLOBAL COMPANY

37
Q

The United Nations Conference on Trade and Development (UNCTAD) defines
FDIs as “funding made to acquire lasting interest in enterprises

A

INVESTMENT BASED PERIOD

38
Q

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.

A

TRADE BASED PERIOD

39
Q

More so, digital globalization affected the operation of global corporations
since technology became integrated in both production and consumption.

A

DIGITAL GLOBALIZATION

40
Q

value streams have integrated their corporate structures to
reduce the effects of time and distance in the production and consumption of
goods.

A

PRODUCER DRIVEN

41
Q

value streams have changed the behavior of corporations in
retailing their goods and services via the internet.

A

BUYER DRIVEN

42
Q

is a polity under a system of governance.

A

STATE

43
Q

STATED THAT AGREEMENTS AMLNG NATION MUST BE REACH

A

IMMANUEL KANT

44
Q

PROPOSE THAT NATION MUST GIVE UP THEIR FREEDM

A

LIBERAL INTERNATIONALISM

45
Q

BASED ON THE VIEW POINT OF CAPITALISM

A

SOCIALIST INTERNATIONALISM

46
Q

INTERNATIONAL WORKERS DAY

A

MAY 1

47
Q

INTERNATIONAL WOMANS DAY

A

MARCH 8

48
Q

UNDERSTAND ALL INTERCONNECTION OF MODERN WORLD

A

GLOBALISM

49
Q

FACET OF CONTEMPORARY political globalization

A

GLOBAL INTERSATE SYSTEM

PHATFIT (10 decks)

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