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Contemporary World > Unit 2 > Flashcards

Unit 2 Flashcards

1
Q

Denotes that the economies of various countries are more interconnected frkm extraction, peoduction, distribution, consumption, to disposal of goods and services

A

Global Economy

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2
Q

It goes beyond internationalization

A

Economic Globalization

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3
Q

Involves the integration of functions and processes of economic activities

A

Economic Globalization

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4
Q

It is driven by the “growing scale of cross-border trade of commodities and services”

A

Economic Globalization

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5
Q

Means that separate production operations are functionally related to each other and form a unified product or service

A

Economic Integration

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6
Q

It is the expansion of national economies, the global market driven by modern technologies and institutional set ups that promotes faster and easier flow of goods and capital

A

Economic Globalization

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7
Q

IMF

A

International Monetary Fund

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8
Q

OECD

A

Organization for Economic Cooperation and Development

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9
Q

These organizations are critical in developng and pushing for neoliberal policies among different countries

A

International Economic Organization

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10
Q

What are the three international economic organizations

A

IMF, World Bank, OECD

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11
Q

Help facilitate trade and development discussions among various states

A

International Economic Organization

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12
Q

What are the Regional Organizations

A

ASEAN and NAFTA

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13
Q

ASEAN

A

Association of Southeast Asian Nations

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14
Q

NAFTA

A

North American Free Trade Agreement

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15
Q

These organizations promote regional agreements and standards that facilitate better trade and exchange of knowledge , human resources and regional cooperation

A

Regional Organizations

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16
Q

Are advisory organizations that discuss current economic and political problems and transfer the ideas from the group’s forum to national legislative regulations

A

Group 8 (G8) and G20

17
Q

MNCs

A

Multinational Companies

18
Q

Which are considered to be the main carriers of economic globalization

A

Multinational Companies

19
Q

What year was there 44,000 MNCs in the world with 280,000 overseas subsidiaries and branch offices

A

1996

20
Q

88, 000 MNCs identified

A

2006

21
Q

Prime mover of economic globalization

A

Central Banks

22
Q

They are considered one of the most powerful institutions in the world economy since they can lead economic development

A

Central Banks

23
Q

Are more influential in their own national economy than some politicians

A

Central Bank Governors

24
Q

Major driver of econimic globalization

A

Global Civil Society

25
Q

Has made its mark in global development arena particularly during the UN Conference on Environment and Development in 1992

A

Global Civil Society

26
Q

Seen as either composed of individulas or groups of individuals disadvantaged by by the effects of the globalization of the world economy

A

Global Civil Society

27
Q

“organized to promote causes, principled ideas and norms, and they often involve individuals advocating policy changes that cannot be easily linked to a rationalist understanding of their interests”

A

Transnational Advocacy Networks

28
Q

TAN

A

Transnational Advocacy Networks

29
Q

is an international organization with 183 member countries to promote international monetary cooperation and exchange stability; to foster economic growth and high employment; and to provide short-term financial assistance to countries to help ease balance of payments adjustments

A

IMF

30
Q

Are global financial institutions that support a country’s economic growth through support (i.e., loans, technical assistance) to governments and now other private sectors

A

International Financial Institutions

31
Q

What are the International Financial Insitutions

A

World Bank, EDB, IMF

32
Q

EDB

A

European Bank for Reconstruction and Development

33
Q

Enterprise that engages in activities which add value (manufacturing, extraction, services, marketing, etc.) in more than one country

A

Transnational Corporations

34
Q

Group of nations that serve as an advisory organization that discuss current economic and political problems and transfer the ideas from the forum in national legislative regulations

A

G8 and G20

35
Q

G8 members

A

United States
United Kingdom
France
Germany
Italy
Canada
Russia

36
Q

G20 members

A

Argentina
Australia
Brazil
Canada
China
France
Germany
India
Indonesia
Italy
Japan
Republic of Korea
Mexico
Russia
Saudi Arabia
South Africa
Turkey
United Kingdom
United States
African Union
European Union

37
Q

There is a significant and meaningful movements of resources, products, people in different economies facilitated by modern transport and communication

A

Modern World System

38
Q

It is a critical reference in the theorization of globalization

A

Immanuel Wallerstein (Modern World System)

39
Q

Constitutes a social system composed of boundaries, structures, member groups, rules of legitimation and coherence

A

Immanuel Wallerstein (Modern World System)

Contemporary World (2 decks)

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