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The Contemporary World > (P) L3: Market Integration (Book-based) > Flashcards

(P) L3: Market Integration (Book-based) Flashcards

1
Q

When ws the United Nations established?

A

October 24, 1945

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2
Q

This is the substitute to the unsuccessful League of Nations

A

United Nations

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3
Q

Aims to promote international cooperation and restore international order

A

United Nations

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4
Q

What year was the first government-sponsored international financial institutions established?

A

1944

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5
Q

What were the two int’l financial institution established in 1944?

A

World Bank and International Monetary Fund

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6
Q

What are the two types of international financial institutions?

A

Intergovernmental and private

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7
Q

Which type of international financial institution is Word Bank?

A

Intergovernmental

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8
Q

Which type of international financial institution is IMF?

A

Intergovernmental

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9
Q

This instituition aims to end extreme poverty and promote shared prosperity in a sustainable way.

A

World Bank

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10
Q

Enumerate the five organizations that belong to World Bank

A
  • International Bank for Reconstruction & Development
  • International Development Association
  • International Financial Corporation
  • Multilateral Investment Guarantee Agency
  • International Center for Settlement & Investment Dispute
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11
Q

The organizations under this institute facilitate the granting of loans and financial assistance to developing countries

A

World Bank

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12
Q

This institute works to foster global monetary cooperation, serve financial stabilitt, and facilitate international trade

A

International Monetary Fund

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13
Q

This institute also grants financial assistance & loans to developing countries like World Bank

A

IMF

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14
Q

What are the two regional banks and when were they established?

A

Asian Development Bank (1960) and African Development Bank (1964)

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15
Q

These were created to spur social progress and economic growth in order to address and reduce poverty; anchored on the goal of fostering sustainable development in their respective countries

A

Asian Development Bank and African Development Bank

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16
Q

Two examples of private international financial institution

A

Citigroup and Merrill Lynch

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17
Q

This is an American multinational investment banking and financial corporation

A

Citigroup

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18
Q

This is the fourth largest bank in US

A

Citigroup

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19
Q

This is the wealth management division of the Bank of America and provides investments around the world

A

Merrill Lynch

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20
Q

This can be in the form of FDI, stocks, or financial loans

A

Investments

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21
Q

T or F: Only intergovernmental financial institutions help facilitate the functionality of a global economy by lending money to their member states and global corporations

A

False (Both private and intergovernmental)

22
Q

Intergovernmental institution involved in project lending, establishing structural reforms, providing support and technical assistance

A

World Bank

23
Q

This institution provides international capital (FDIs, short-term capital, and long-term investment)

A

WB

24
Q

Intergovernmental institution involved in establishing institutional bodies to address and reduce poverty

A

IMF

25
Q

This is the result of the establishment of global economy that involved the homogenization of trade and commerce

A

Global Market Integration

26
Q

These rose as the new ways of putting order to the economic interrelationships among countires

A

Colonialism & Imperialism

27
Q

This established equity, corporate ownership, management subsidiaries, and central headquarters

A

Colonialism

28
Q

Started when big American corporations began to emerge after WWII

A

Global Market Integration

29
Q

A French multinational automobile manufacturer that helped in the military post-war operations

A

Renault automobiles

30
Q

The rise of global corporations from which countries paves the further development of international trade?

A

American, Japanese, and European global corporations

31
Q

Who identified the differences among international, multinational, transnational, and global companies?

A

Iwan, 2012

iwan q sau

32
Q

These are importers and exporters with no investment outside their home countries

A

International companies

33
Q

These are those that have investments in other countries but do not have a coordinated product offering in each country; more focused on adapting their products and services to each individual market

A

Multinational companies

34
Q

These have investments and are present in many countries; typically market their products and services in each individual local market

A

Global companies

35
Q

These are more complex organizations that have investments in foreign operations, have a central corporate facility but give decision-making, research and development, and marketing powers to each individual foreign market

A

Transnational companies

36
Q

Literature officially traced this as the start of the contemporary market integration

A

Return of Japanese & Europeans to global market

37
Q

T or F: In 1974, major global economic actors were TNCs

A

False (MNCs)

38
Q

They were described to be a particular corporate form to dominate global production and exchange

A

MNCs

39
Q

Caroll (2003) refers to them as the triad

A

United States, European Union, and Japan

40
Q

What are the three structural periods after the war according to Gereffi (2001)? With their years pls ^^

A
  1. Investment-based period (1950 - 1970)
  2. Trade-based period (1970 - 1995)
  3. Digital globalization (1995 onwards)
41
Q

This is the funding made to acquire lasting interest in enterprises operating outside the investor with the purpose of gaining an effective voice in the management of the enterprise

A

FDIs

42
Q

What year did FDIs become the major drivers of global corporate development

A

1960

43
Q

What year did FDIs triple according to Hedley?

A

1990

44
Q

During which period were global corporations become controlled by producer-driven commodities

A

Trade-based period

45
Q

This period affected the operations of global corporations since technology is integrated in both production and consumption

A

Digital globalization

46
Q

This integrated their production structures to reduce the effects of time and distance in production & consumption

A

Producer-driven value streams

47
Q

This refers to the changed behavior in retailing their goods and services via the internet

A

Buyer-driven value streams

48
Q

T or F: Global corporations are very powerful entities that can create a crisis

A

True

49
Q

T or F: All TNCs and MNCs reached global annual growth by exploiting the environment

A

False (only some)

50
Q

In this event, global corporations brought chaos to the economy of the Asian region by controlling the FDIs

A

Asian Financial Crisis (1997)

51
Q
A

The Contemporary World (19 decks)

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