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

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

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
Outcomes of lessening gov control over businesses
Neglect of environment, low wage, unstable employment, etc