Market Intgration 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. - It is assumed to mean that
price change in one
market affects the prices
in other markets (Famino
and Benson, 1990) - Fusing of markets into one.
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. - IFIs are owned and managed
by national governments
acting as borrowers, lenders
or donors.
A
International Financial Institutions (IFI)
6
Q
- Provided loans, credits,
and grants to finance
projects run by
governments or the
private sector. - Focus areas are in fragile
states and those most
affected by poverty.
A
International Financial Institutions (IFI)
7
Q
International Financial Institutions (IFI)
A
- International Monetary Fund (IMF)
- Multilateral Development Bank (MDBs) which
includes
8
Q
Multilateral Development Bank (MDBs) which
includes:
A
- World Bank
- African Development Bank
- Asian Development Bank
- Inter-American Development Bank
- European Bank for Reconstruction and
Development
9
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
