GLOBAL ECONOMY

Question 1

According to him economic
globalization refers to the free
movement of goods capital, services,
technology and information.

Answer 1

Mohan (2009)

Question 2

What results to an increasing economic integration?

Answer 2

an interdependence of national, regional, and local economies around the world by strengthening the cross-border movement of goods, technologies, an
capital

Question 3

Which was known to be the oldest international trade route where one of the most profitable products, silk, was transported in this network of pathways to
Europe.

Answer 3

Silk Road

Question 4

Before the colonial era Native Filipinos were already in contact with??

Answer 4

Chinese and Arabs

Question 5

What items were bartered before the colonial era in the Philippines?

Answer 5

Gold and spices of the Philippines were bartered for porcelains, silk, and perfumes.

Question 6

The opening of it paved the way for European people to trade with the Asians.

Answer 6

Suez Canal in 1869

Question 7

It implemented by the Spaniards in the Philippines from 1565 to 1815 intensified more the transfer of goods from one country to another.

Answer 7

The Galleon Trade

Question 8

Motivated countries to search for islands that are rich with natural resources, particularly gold.

Answer 8

Mercantilism

Question 9

The more gold the country has, in the addition to what it already possessed, the more powerful the country is.

Answer 9

The Mercantilism Principle

Question 10

What is the use of gold in the global economy?

Answer 10

The value of gold was used as a common basis for currency prices and a fixed exchange rate. At present, the amount of money circulating in the country is based on how much gold reserves are stored in the government bank.

Question 11

is composed of nation-states that promote voluntary cooperation and coordination among its members.

Answer 11

Intergovernmental Organization (IGO)

Question 12

which is either global or regional, surrender their power in specific areas to the higher organization. This is an entity where member states formed for mutual benefit and in pursuit of shared goals. Decisions reached must be obeyed. There are often courts to determine when violations have occurred.

Answer 12

Supranational Organization

Question 13

s not created by an international treaty or intergovernmental agreement and often focus on a specific issues around the world. It tries to help in alleviating the problems such as hunger, disease, illiteracy, and inequalities.

Answer 13

International non-governmental organization (INGO)

Question 14

is another major player which consists of multinationals and transnationals.
Sells goods and manufactured products.

Answer 14

Large Manufacturing Corporation

Question 15

one of the key economic indicators used to gauge the overall condition of the economy, refers to the amount of money available for spending and saving in every household after income taxes have been deducted.

Answer 15

DPI or disposable personal income,

Question 16

also known as global corporation,

an entity that owns and controls production of goods or services in one or more countries aside from their home country.

Answer 16

The Multinational Corporation (MNC),

Question 17

has international identity since they belong to a particular home country where they are headquartered.

Answer 17

The Multinational Corporation (MNC),

Question 18

is a commercial enterprise that operates substantial facilities that does business in more than one country. Different with MNC,

Answer 18

Transnational corporation (TNC)

Question 19

it is borderless thus, does not consider any particular country its national home.

Answer 19

Transnational corporation (TNC)

Question 20

Each individual foreign market is given decision-making; research and development; and marketing powers by TNC.

Answer 20

Transnational corporation (TNC)

Question 21

A company which imports and exports products only with no investment outside of the home country is merely referred to as an?

Answer 21

International corporation

Question 22

A company which imports and exports products only with no investment outside of the home country is merely referred to as an international corporation. In other words, it has no

Answer 22

Foreign direct investment (FDI)

Question 23

The product or service it provides is made in its___.t has no sales, staff, warehouses, or sales offices abroad.

Answer 23

Home country

Question 24

What is the best example of Multinational corporation (TNC)?

Answer 24

Exotic retail shops

Question 25

Give me 3 that has the Multinational Companies?

Answer 25

• Multinational companies own a home company and its subsidiaries
• Multinational Companies have a centralized management system.
• Multinational companies will face a barrier in decision making due to
  its centralized management system.

Question 26

Give me 3 that has the Transnational Companies?

Answer 26

• Transnational companies do not have subsidiaries but just many companies.
• Transnational companies do not have a centralized management system.
• Transnational companies are able to gain more interest on local markets since they maintain their own systems.

Question 27

It can bridge the gap between the requirements of foreign capital for increasing foreign investment in a certain country.

Answer 27

Multinational Corporations

Question 28

Bridge the gap between foreign capital for increasing foreign investment.

Answer 28

Promotion of Foreign Investment

Question 29

transfer of sophisticated technology is essential for
raising productivity in developing countries to start productive ventures
requiring high technology.

Answer 29

Technology Transfer

Question 30

promoting experts of a nation where they contribute.

Answer 30

Promotion of Exports

Question 31

well invest in infrastructure such as
power projects, modernization of telecommunications, airports and
ports. Ability to raise resources both globally and domestically.

Answer 31

Investment in Infrastructure

Question 32

Conquers new markets and seek to further expand economic power

Answer 32

Transnational Corporations in the Economy

Question 33

Create complex new opportunities to attract resources and entering foreign markets

Answer 33

Transnational Corporations in the Economy

Question 34

An important tool for transfer of technology and management experience to industrial countries

Answer 34

Transnational Corporations in the Economy

Question 35

Staff of TNC’s enable to organize production and coordination more effectively considering the extensive experience in managing large firms (Syrarenko and Kirakosyan, 2013)

Answer 35

Transnational Corporations in the Economy