globalization (unit 8)

Question 1

globalization

Answer 1

linkages between states, societies and economies are intensifying
process by which global connection grow increasingly and creates relationships between many people across vast distance

Question 2

multinational corporations (MNCs)

Answer 2

firms that produce, distribute, and market their goods or services in more than pne country (apple)

Question 3

nongovernmental organizations (NGOs)

Answer 3

national and international groups, independant of any state, that pursue policy objectives and foster public participation (greenpeace, red cross)

Question 4

intergovernmental organizations (IGOs)

Answer 4

groups created by states to serve particular policy ends (united nations, european union)

Question 5

international regime

Answer 5

regime that links states together through rules and norms that shape their relationships to one another

Question 6

Bretton Woods system

Answer 6

global economic regime created in 1944 to manage international economic relations

Question 7

foreign direct investment (FDI)

Answer 7

the purchase of assets in a country by a foreign firm

Question 8

offshore outsourcing

Answer 8

process as a firm move some of its work to another place where it can be done more efficiently or cheaply

Question 9

Trans-Pacific Partnership (TPP)

Answer 9

main goal is to liberalize trade across a number of asian and latin american countries