from quiz 2 Flashcards
Refers to the interconnected worldwide economic activities that take place between multiple countries.
global economy
Refers to the world bein highly fragile ecological system.
environmental dimension
refers to the increase integration of economic around the world
globalization
Refers to the exchange of goods and services between different countries.
international trade
A body of economic theory and policy stance.
neoliberalism
Refers to an investment strategy that is not constraint by geographical boundaries.
global investment
benefits of global economy
free trade
movement of labor
increase investment
increased economies of scale
The sense of National consciousness that boost the culture & interest of one country over those of all countries.
nationalism
What is the main cause effects of global economy?
economics
factors affecting global economy
natural resources
infrastructure
population
labor
human capital
technology
law
A combination of agencies and activities not directly related to each other.
conglomeration
Shows the relationship of the firm in the market.
integration
They defined market integration as process which refers to the expansion of firms by consolidating additional marketing functions and activities under single management
kohls and uhl
This occurs when firm performs more than one activity in the sequence of the marketing process.
vertical integration
This term began to be used more commonly in the 1980s.
globalization
Global economy characteristics
globalization
international trade
international finance
global investment
who control the global economy?
big banks
what is the name of the institution that dominate the global economy
financial institution
A provider of financial assistance to individual countries around the globe
world bank
The objectives of this international financial institution is to poverty alleviation and improvement in quality of life in developing member countries.
asian developing bank
reasons for marketing integration
- to remove transaction cost
- foster competition
- provide better signal for optimal generation and consumption decision
- improve security of supply
It appears to be the powerful, wealthy, and highly independent of outside control.
core nations
Refers to the operating system of the financial environment.
international monetary system
a barrier refers to the limitation on the number of products that can be imported into a country
trade quotas
the function of the global economy can be explain through one word?
transaction
