Global Market Integration

Question 1

Its goal is:

To promote international
corporation

To resume international order

Answer 1

United Nations (UN)

Question 1

Year of Establishment of International Financial
Institutions

ex: Monetary Financial Conference in Bretton
Woods, New Hampshire, US

Answer 1

Earlier in 1994

Question 1

Because of this Establishment of the UN came to be after the downfall of the League of Nations

Answer 1

After WW2

Question 1

When was the UN established?

Answer 1

October 24, 1945

Question 2

What is the goal of the Monetary Financial Conference (MFC)?

Answer 2

to restore world economy &
end extreme poverty

Question 3

2 Types of International Financial Institutions

Answer 3

1. Intergovernmental
2. Private

Question 4

2 examples of Intergovernmental institutions?

Answer 4

1. World Bank
2. International Monetary Fund (IMF)

Question 5

Example of Intergovernmental financial institution

Aim: to end extreme poverty and promote shared prosperity in a sustainable way

Facilitate granting of loans and financial assistance to developing
countries

ex: International Development Association, International Financial
Association, Multilateral Investment Guarantee Agency, and International
Center for Settlement and Investment Disputes

Answer 5

World Bank

Question 6

1960 REGIONAL DEVELOPMENT BANKS:

Answer 6

1. Asian Development Bank (ADB)
2. African Development Bank (AfDB)

Question 7

to spur social progress and economic growth to reduce poverty in their respective
member countries

Answer 7

1960 REGIONAL DEVELOPMENT BANKS:

1. Asian Development Bank (ADB)
2. African Development Bank (AfDB)

Question 7

Example of Private financial institution

An American multinational investment banking and finance corporation

4th largest bank in the U.S.

Answer 7

Citigroup

Question 8

Example of Private financial institution

Wealth management division of the bank of America

Answer 8

Merrill Lynch

Question 9

Examples of Private financial institution that both provide investments around the world

ex: Foreign Direct Investments, stocks, or financial loans

Answer 9

Citigroup
Merrill Lynch

Question 10

Both help to facilitate the functionality of a global economy

Lending money to their member states and global
corporations

– helps in project lending, establishes structural reforms, provides
technical assistance, provides international capital like foreign direct investments, etc.

Answer 10

Intergovernmental and Private Financial Institutions

Question 11

It was the result of the establishment of a global economy that involved the HOMOGENIZATION of trade and commerce.

Answer 11

Global Market Integration

Question 12

occurs when prices among different locations or related goods FOLLOW SIMILAR PATTERNS over a long period of time.

Groups of goods often move
PROPORTIONALLY to each other and when this relation is very clear among different markets it is said that the markets are INTEGRATED

Answer 12

Market integration

Question 13

If Multinational Corporations and Transnational Corporations follow a certain
trade in pricing and production over a long
period of time, therefore there is ?

Answer 13

Global Market Integration

Question 14

Example of Global Market Integration

Started in 1886

Based in Atlanta, Georgia, USA

They maintained the same price : long period of time

Delivering to the militaries in the US (until it reaches over 200 countries
in the world)

Tried to market beverages at a very low price (for business expansion in other countries)

made sure that the price is also marketable to foreign countries

Answer 14

Coca-Cola

Question 15

Coca-Cola delivered to the militaries in the US, until it reaches over 130 countries in the world. (T or F)

Answer 15

F (Coca-Cola delivered to the militaries in the US, until it reaches over 200 countries in the world)

Question 16

3 Common Attributes of Global Corporations by Neubauer (2014)

Answer 16

1. An agent of desired economic development
2. An economic prominence
3. A very powerful entity that can create a crisis