L3: The Global Economy

Question 1

Is the expansion of natl economies, the global market driven by modern technologies and institutional set ups that promote faster and easier flow of goods and capital

Answer 1

Economic Globalization

Question 2

Denotes that the economies of various countries are more interconnected from extraction production distribution consumption to disposal of goods and srvcs

Answer 2

Global economy

Question 3

Global financial instituions that suports a countrys economic growth through support loans/assistance to govs and now other priv sectors

Answer 3

Intl Financial Institutions

Question 4

Is a system of non-gov institutions that operate across geographical borders and organize and mobilize for a common issue or cause

Answer 4

Global civil society

Question 5

Is an enterprise that engages in activities which add value in more than one country

Answer 5

Global Corp

Question 6

Based onnthe theory of Wallerstein (1974) that recognizes that social and economic change is not only endogenous to a country, but is affected by uts interaction to exogenou inst., thus the focus on workd systems

Answer 6

World System

Question 7

Is a process of combining or increasing the interconnectivity of national economies to the regional or global economies?

Answer 7

Economic integration

Question 8

Advisory organization that discuss current economic and political problems and transfer the ideas from the groups’ forum to national legislative regiulations

Answer 8

G8 and G20

Question 9

Main carriers of economic globalization

Answer 9

Multinational Companies