international business and trade quiz 1 part 2

Question 1

This refers to the global shift where developing economies grow based on their own economic strengths rather than relying on the economies of highly developed countries.

Answer 1

Decoupling

Question 2

this international organization provides a forum for cooperation on international monetary problems and promotes exchange rate stability.

Answer 2

International Monetary Fund (IMF)

Question 3

Established to aid in the reconstruction of Europe after World War II, this institution now focuses on global integration through trade liberalization and supporting international standards in financial systems.

Answer 3

World Bank

Question 4

This term describes a world economy where growth engines are comprised of both industrialized and emerging market economies, such as the BRIC countries.

Answer 4

Multipolar world

Question 5

This branch of the World Bank provides long-term low-interest social sector and infrastructure loans to the poorest member countries.

Answer 5

International Development Association (IDA)

Question 6

Promoted by WTO agreements, this principle ensures that no member country discriminates against another in trading relationships.

Answer 6

Trade without discrimination

Question 7

This institution provides loans and takes equity positions in private companies of developing countries and works toward developing capital markets in those economies.

Answer 7

International Finance Corporation (IFC)

Question 8

Part of the World Bank Group, this agency provides political risk insurance to encourage private investment in developing countries.

Answer 8

Multilateral Investment Guarantee Agency (MIGA)

Question 9

This argument against globalization focuses on concerns about job losses, income stagnation, and the erosion of local industries and communities.

Answer 9

Globalization Controversy

Question 10

This international trade organization began as the General Agreement on Tariffs and Trade (GATT) in 1948 and is known for liberalizing trade by lowering or removing barriers like tariffs and quotas.

Answer 10

World Trade Organization (WTO)

Question 12

WTO OR GATT

Answer 12

World trade organization or general agreement on tariffs and trades

Question 13

WTO started trading in?

Answer 13

1948

Question 14

IFC stands for?

Answer 14

International Finance Corporation

Question 15

Supports reconstruction and restructuring of member countries using funds raised in international capital markets

Answer 15

International Bank for Reconstruction and Development (IBRD)

Question 16

Works on issues related to foreign investment disputes

Answer 16

International Center for Settlement of investment Disputes (ICSID)