Introduction - Lecture Flashcards
1
Q
- the circumstances and ideas of the present age
- present world
- the society where we live right now
A
contemporary world
2
Q
different aspects of society
A
- economics
- religious
- social
- political
- military
3
Q
serise of transformation or changes that are thaking place in our society
A
globalization
4
Q
what drives globalization
A
- technological advancements
- international trade
5
Q
who caused the technological advancements and international trade
A
multinational companies
6
Q
functions through a set of institutions, rules, and processes that aim to manage cross-border issues - like diplomatic relations, trade, financial transactions, migration, and climate change.
A
Global governance
7
Q
WTO
A
world trade organization
8
Q
ensure that trade flows as smoothly, predictably and freely as possible
A
world trade organization (WTO)
9
Q
- loosening of government controls
- refers to reductions in restrictions on international trade and capital
A
liberalization
10
Q
what is globalization
A
series of transformation or changes that are taking place in our society
