Globalisation and global governance Flashcards
1
Q
What does NATO do?
A
guarantee freedom and security of members
2
Q
What does interpol do?
A
allows member countries to share and access data on crime/criminals
3
Q
What do the EU do
A
keep low tariffs
4
Q
What does the UN do?
A
- laws to protect human rights
- promotes international peace, security and co-operation
- peacekeeping missions
- UN General Assembly, UN security council, WHO, UN Development Program
5
Q
What is the IMF
A
manage the international monetary system
6
Q
WB
A
reduce poverty, lend money
7
Q
WTO
A
ensure smooth trade
8
Q
factors in globalisation
A
- communication development
- transport development
- information systems
- trade agreements
- financial development
9
Q
Trade agreements
A
- formal agreement between 2 or more counties that removes barriers of trade between the members
- formed by trade blocs
- improve global peace and increase global trade
- members can become overly dependent and there’s increased competition for work
10
Q
Economic union
A
- eliminate internal barriers.
- adopt common external barriers
- free movement of resources
- uniform set of economic policies
11
Q
Free Trade Area
A
no internal barriers but have external
12
Q
Preferential trade area
A
barriers lowered but not eliminated
