POINTERS TO REVIEW (PRELIM) Flashcards
The Galleon Trade is also known as the
Manila – Acapulco Trade
What are are instruments of exploitation in the hands of the developed countries?
I.M.F
World Bank
World Trade Organization
It is the removal of regulatory barriers in doing business
Deregulation
Members of the North American Free Trade Agreement
United States
Mexico
Canada
Who stated that ‘economic globalization was never aimed to help citizens of the developing world?
Joseph Stiglitz
is when two or more countries meet to overcome economic crisis and promote development.
Regional Integration
The existence of economic barriers leads to
higher consumer prices
What are the advantages of economic integration?
- trade creation
- employment opportunities
- consensus
- cooperation
Who is the proponent of the Modern – World System?
Immanuel Wallerstein
What is the one roles of Multinational Corporations in the economy?
technology transfer
It pertains to member states in this organization, global or regional that surrender their power to a higher organization.
Supranational Organization
It is the ideology that motivated countries to search for islands rich in natural resources.
Mercantilism
is an act of trading goods or services between two or more parties without the use of money.
Barter
It indicates global nature of capital, emergence of single global economy, exchange across distances.
Globalization
Who defined globalization as the opposite of localization?
Benjamin Barber
is a global outlook adopted to local conditions.
Glocality
It refers to the free movement of goods, capital, services, technology and information.
Economic Globalization
Greek culture spread across Africa, Europe and Asia through Alexander the Great is an example of
Globalization in the blending of Cultures.
It happens when economies, societies and cultures become integrated by a network of communication and trade.
Globalization
Innovations in ways of travel facilitated the growth of globalization is an example of
Globalization in Technology
Who was developed the six core claims of globalism?
Manfred B. Steger
Outsourcing can add to the economic development of a struggling country is an example of
Globalization in Economics.
It is about the liberalization and global integration of markets.
Globalization
It comprises the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations and people.
Economic Globalization
It does not have subsidiaries but just many companies.
Multinational corporations
It not created by an international treaty or intergovernmental agreement.
International Non – Governmental Organization
It consists of multinationals and transnationals; the focus is to sell goods, manufactured products.
Large Manufacturing Corporation
A commercial enterprise operates substantial facilities that do business in more than one country.
Transnational corporation
What of the costs of economic integration?
erosion of national sovereignty
It happen when employees move to areas with better wages and employment opportunities.
Employment shifts and reductions
It is thought to improve the allocation of natural resources, technology, enhance living standards.
Global Economic Integration
It leads to stronger economic ties among countries, that leads to resolve conflicts peacefully.
Political Cooperation
It is the kind of countries that lack strong central governments, controlled by other states.
Periphery
It sells financial services and does not create money.
International Banks
is an intergovernmental organization that promotes cooperation in human rights, peace, economy.
United Nations
It play a major role in mediating economic, political, social activities internationally.
Semi – periphery regions
Majority of the countries that belong to the periphery:
were former colonies of industrialized countries
The modern world system essentially capitalist in
Nature
The more gold the country has
the more powerful the country is.
It promotes voluntary cooperation and coordination between or among its members.
International Organization
Multinational corporations operate on a global scale, office branches in numerous locations is an example of
Globalization in Economics
The Filipino people began to appreciate the various traditional foods from South Korea is an example of
Globalization in the blending of cultures
The year 1994 is when the Internet first became available in the Philippines is an example of
Globalization in Technology
It furthers the spread of democracy in the world.
Globalization
Who is the British sociologist, who introduced ‘’Glocalization ‘’ in the Harvard Business Review?
Roland Robertson
Christian missionaries from Europe added to the globalization of Christianity is an example of
Globalization in the blending of cultures
It is an international economic system established by the Spaniards in the Philippines.
Galleon Trade
It signifies a future social condition characterized by interconnections and global flows.
Globality
The individuals increasing awareness of other people’s cultures, religions as a result of
of technological advances in communications and travel is the essence of globalization.
The opening of the Suez Canal in 1869 paved the way for
Europeans to trade with Asians
