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TCW > L2: Interrogating Globalization > Flashcards

L2: Interrogating Globalization Flashcards

1
Q

An idea of prescribed path to attain development through certain set of activities, acc to a defined vision

A

Development Paradigms

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2
Q

Mainly conceptualized as ontensified transference or exchange of things across existing boundaries

A

Globalization

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3
Q

How is the integratoom of economies throughout the world achieved?

A

Through trading and financial flows across borders

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4
Q

What does GDP mean?

A

Gross Domestic Product

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5
Q

Complex global process of expanding the market economic system all throughout the world

A

Economic Globalization

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6
Q

Economic system that gives freedom to entreps to control productive process to pursue profit

A

Market Economy

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7
Q

What are the important aspects of glibalization?

A

Global trading, Capital Flows, Movement of People

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8
Q

What is enabled by intl fiscal payments where private banks and central banks of particular nation play impt roles?

A

Intl Trading

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9
Q

Concernes importation and exportsation

A

Global trading

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10
Q

The world saw an increase in world trade from ______

A

1971 to 1999

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11
Q

One manifestation of capital movement is

A

Foreign investment

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12
Q

What are the three categories of foreign investment

A

1) Commercial loans
2) Official flows
3) Foreign direct investment

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13
Q

Money lent to foreign businesses or govs

A

Commercial Loans

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14
Q

Refer to development aid or money granted by rich countries to developing nation

A

Official Flows

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15
Q

Refers to buying or putting up a firm in a foreign country or contributing to the enhancement of an existing firm

A

Foreign direct investment

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16
Q

Businesses that operate in more than one country

A

Transnational corporsations

17
Q

The number of OFW during April to Sept 2018

A

2.3M

18
Q

Refers to the increasing contact between people and their cultures, ideas, values, ways of life

A

Cultural Goonalization

19
Q

The enlargment of the itl political system and its establishments

A

Political Globalization

20
Q

Facilitate investment of capital for member countries

A

World Bank

21
Q

Programs imposed on poor countries that require their governments to prioritize repaying debts

A

SAP (Structural Adjustment Policies)

22
Q

Provide short-term emergency loans

A

International Moneyary Fund IMF

23
Q

Create rules for global trade and invstmnt; aim to reduce tariffs

A

WTO

24
Q

What are the objectives of global financial and trading instituitions

A

1) Enforce common trading and financial flow standards and policies to all countries
2) Deregulate firms

25
Q

Outcomes of lessening gov control over businesses

A

Neglect of environment, low wage, unstable employment, etc

TCW (3 decks)

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