Just for you: FREE 60-day trial to the world’s largest digital library.The SlideShare family just got bigger. Enjoy access to millions of ebooks, audiobooks, magazines, and more from Scribd. Show
Read free for 60 days Cancel anytime.
Global institutionsWhich institution was the predecessor to the World Trade Organization (WTO)?General Agreement on Tariffs and Trade (GATT)Which institution was created to maintain order in the international monetary systemInternational Monetary FundWhich global institution was established on October 24, 1945 and today one of its key purposes is to maintain international peace and security?United NationsThis represents 90% of the global GDP and is comprised of representatives of the 19 largest economies. It was established to formulate financial crisis policy in developing nations.G20The globalization of markets can be defined asBringing traditionally separate national markets into one cohesive marketplaceBringing traditionally separate national markets into one cohesive marketplaceGlobalization of marketsTwo facets of globalizationGlobalization of productionGlobalization of marketsResult of high tariffs on imports of manufactured goodsCountries raised the trade barriers against each otherWe have witnessed the globalization of markets and productions for how longOver the past three decadesThis implies that national markets are merging into one huge marketplace. However, it is important not to push this view too farGlobalization of marketsThis implies that firms are basing individual productive activities at the optimal world locations for the particular activities. As a consequence, it is increasingly irrelevant to talk about American products, Japanese products, or German products because they are being replaced by "global" products.Globalization of productionWhat two factors seek to underlie the trend toward globalization?Declining trade barriers and changes in communication, information, and transportation technologiesWhich term best describes the merging of historically distinct?Term. Globalization of markets. Definition. Merging of historically distinct and separate national markets into one huge global marketplace.
What is meant by globalization of markets?Globalization of markets involves the growing interdependency among. the economies of the world; multinational nature of sourcing, manufacturing, trading, and investment activities; increasing frequency of cross-border.
What is the Globalisation of production?Production globalization, which is when firms expand their supply chains across national boundaries, creates an opportunity for developing countries to engage in international production networks via trade.
What is driving the move toward greater globalization?Two macro factors driving the move toward greater globalization: 1.declining trade and investment barriers. 2.technological change. International Trade. occurs when a firm exports goods or services to consumers in another country.
|
The merging of national markets that have historically been distinct and separate is the process of
Urheberrechte © © 2024 IlerngutCOM Inc.
