Market Integration Flashcards
1
Q
a place where two parties can gather to facilitate the exchange of goods
and services
buyers and sellers; physical outlet or virtual market
A
Market
2
Q
the action or process of successful
joining or mixing with a different
group of people
A
Integration
3
Q
It is the phenomenon by
which price
interdependence takes
place
A
Market Integration
4
Q
History of Global Market Integration
A
- Agricultural Revolution
- Industrial Revolution
5
Q
- Founded by groups of
countries to promote public
and private investment to
foster economic and social
development in developing
and transitioning countries - Provided loans, credits,
and grants to finance
projects run by
governments or the
private sector
A
International Financial Institutions (IFI)
6
Q
Examples of International Financial Institutions (IFI)
A
- International Monetary Fund (IMF)
- Multilateral Development Bank (MDBs) which
includes:
1. World Bank
2. African Development Bank
3. Asian Development Bank
4. Inter-American Development Bank
5. European Bank for Reconstruction and
Development
7
Q
Also known as global
companies have invested
in and are present in many
countries. They typically
market their products and
services to each individual
local market
A
Global Corporations
8
Q
Challenges of Global Corporations
A
- Public Relations
- Organizational Structure
- Leadership
- Ethics
