Final

Question 1

Vertical Integration

Answer 1

The supply chain of a company is integrated and owned by the company. Markets become efficient, can wipe out other competitors. EX AMAZON

Question 2

Horizontal Integration

Answer 2

Acquiring companies in the same market. Problem bc monopolies and fucks competition.

Question 3

ILO

Answer 3

International Labor organization, 1919. Sets rules on forced labor, child labor, job non-discrimination, and collective bargaining. WHY: Granted union rights and regulates int. investment so MNCs cant exploit workers, usually in poorer countries.

Question 4

Integration

Answer 4

Process where supranational institutions come to replace natural ones. Shifts sovereignty from national institutions towards regional/global ones. WHY: economic benefits, trade deals, security benefits.

Question 5

Treaty of Rome

Answer 5

Founding doc of EU. Established European Economic Community. WHY: Basis/foundation of the EU which represents liberal cooperation throughout Europe.

Question 6

Supranationalism

Answer 6

Large institutions that a country gives up sovereignty to be a member of. WHY:big step to international govt, and cooperation. EX: EU

Question 7

Common Market

Answer 7

Agreement between countries that reduces trade barriers while promoting free trade of labor, goods, services, and capital. WHY:Economic cooperation = mutual economic growth. EX: EU

Question 8

Customs Union

Answer 8

Common external tariff adopted by members of a free trade area. Unifies tariff amount. WHY: Economic cooperation and stronger trade with nations

Question 9

EU Social Fund

Answer 9

Aids member states in the EU to improve lives through new skills and better jobs. BEtter quality of life in the EU = stability in EU

Question 10

USMCA

Answer 10

US/MEXICO/CANADA Free trade agreement. WHY: cooperation to create stronger trade ties.

Question 11

EU

Answer 11

European Union. Supranational org. Agreement on trade, common currency, foreign policy. WHY: National state identity suppressed for a european idenity. Stability with allies etc.

Question 12

Intergovernmentalism

Answer 12

Do

Question 13

Single European Act

Answer 13

1st revision of treaty of Rome. Goal of single market by end 1992. WHY:EU becomes political force. move towards supranationalism

Question 14

Digital Divide

Answer 14

Gap in access to information and tech between global north and south. WHY: Lack of tech hinders development.

Question 15

Neocolonialism

Answer 15

Continuing of colonial exploitation in a former colony, where the colonizer no longer has political control. WHY:Shapes countries politics and prevents groth of underdeveloped nations.

Question 16

Widening

Answer 16

Expanding member of states in an organization. EX:Adding to NATO. WHY: increases power but also makes it difficult to pass resolutions ex UN

Question 17

Deepening

Answer 17

Intensifying integration and cooperation between countries. Harmonizing policies, regulations, and institutions. WHY: Cooperation and policy acceptance.

Question 18

Collective goods

Answer 18

Good created by members of the group that is available to all members no matter cooperation. WHY countries may chose not to contribute but still benifit from good. Creates conflict.

Question 19

Regimes

Answer 19

Pattern of how govt decision power is organized, exercised, and transferred. WHY: demonstrates how decisions are made in IA