Market Integration

Question 1

A place where two parties can gather to facilitate the exchange of goods and services

Buyers and sellers

Physical outlet or virtual

Answer 1

Market

Question 2

The action or process of successful joining or mixing with a different group of people

Answer 2

Integration

Question 3

The phenomenon by which ___ takes place

Assumed to mean that price change in one market affects the prices in other markets

Fusing of Markets into one

Answer 3

Market Integration

Price Interdependence

Question 4

Defined what Market Integration means

Answer 4

Famino and Benson

Question 5

History of Global Market Integration (2)

Answer 5

Agricultural Revolution

Industrial Revolution

Question 6

Founded by groups of countries to promote public and private investment to foster ECONOMIC and SOCIAL development in developing and transitioning countries.

Answer 6

International Financial Institutions (IFI)

Question 7

IFIs are owned and managed by ____ which act as borrowers, lenders or donors

Answer 7

National Governments

Question 8

Main work done by International Financial Institutions (IFI)

Answer 8

Provide loans, credits, and grants to finance projects run by governments or the private sector

Focus areas are in fragile states and those affected by poverty

Question 9

Examples of IFI (2)

Answer 9

-International Monetary Fund (IMF)
-Multilateral Development Bank (MDBs)

World Bank

African Development Bank

Asian Development Bank

Inter-American Development Bank

European Bank for Reconstruction and Development

Question 10

Invested and are present in many countries. Typically market their products and services to each individual local market.

Answer 10

Global corporations / Global Companies

Question 11

Challenges of Global Corporations (4)

Answer 11

Public Relations

Organizational Structure

Leadership

Ethics