Globalization
encompasses the socio-economic reform process of eliminating trade, investment, cultural, information technology, and political barriers across countries, which could lead to increased economic growth and geo-political integration and interdependence among nations of the world.
What are the two main characteristics of globalization quizlet?
- Good governance & transparency (and quality administration)
- Competitive markets (free markets, antitrust laws, etc)
- Property Rights (protected and enforced)
- Anti-Corruption Policies (corruption raises costs, creates uncertainty, thwarts competition…)
How does the International Monetary Fund encourage economic development quizlet?
The IMF tracks
global economic trends and performance
, alerts its member countries when it sees problems on the horizon, provides a forum for economic policy dialog, and disseminates information to governments on how to implement economic reforms to meet global challenges.
What are three characteristics of globalization quizlet?
What are the characteristics of globalization?
Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force
. How do major international institutions facilitate globalization? International monetary funds: provides financial stability.
Which of the following is a key aspect of globalization?
Key aspects of globalization include
the elimination of barriers to trade and information technology
. … The “soft” qualities essential to globalization include openness, protectionism, accountability, connectivity, democracy, and centralization.
Which of the following best describes globalization?
c) Globalization is best described as
the ‘shrinking’ of the global community
, drawing people into. closer contact with one another primarily at the economic and technical levels.
What are 3 characteristics of globalization?
- Free Trade.
- Liberalization.
- Connectivity.
- Economic globalization.
- Cultural globalization.
- Political globalisation.
- Opportunity.
- Learning.
Which of the following is function of the International Monetary Fund?
The International Monetary Fund aims to
reducing global poverty, encouraging international trade, and promoting financial stability and economic growth
. The IMF has three main functions: overseeing economic development, lending, and capacity development.
Which of the following is the primary responsibility of the International Monetary Fund quizlet?
The primary function is
to maintain exchange rate stability by giving short-term loans to countries
with balance of payment problems caused by trade deficits or heavy loans repayments.
Which of the following is currently a main function of the International Monetary Fund IMF )? Quizlet?
The purpose of the International Monetary Fund is to:
promote exchange stability, to maintain orderly exchange arrangements among members
, and to avoid competitive exchange depreciation.
What are the five characteristics of globalization?
- Globalization is Basically a ‘Mindset’: …
- Globalization is an Opportunity: …
- Globalization means “Interdependence”: …
- Globalization means “Caring & Sharing”: …
- Globalization puts Technology in Service of Mankind: …
- Globalization is Inevitable & Irreversible: …
- Globalization has Linked Politics with Economics:
What are the beneficial effects of globalization?
- Access to New Cultures.
- The Spread of Technology and Innovation.
- Lower Costs for Products.
- Higher Standards of Living Across the Globe.
- Access to New Markets.
- Access to New Talent.
- International Recruiting.
- Managing Employee Immigration.
What are two characteristics of economic globalization?
The characteristic elements that constitute economic globalization are
cross-border flows of goods and services, capital, people, data and ideas
.
What are the 7 major types of globalization?
- Financial Globalization.
- Economic Globalization.
- Technological Globalization.
- Political Globalization.
- Cultural Globalization.
- Sociological Globalization.
- Ecological Globalization.
- Geographical Globalization.
What are the four elements of Globalisation?
Chapter 2 The Four Defining Elements of Globalization:
Integration, Interdependence, State Erosion, Transnational Power
.
What are the elements and drivers of Globalisation?
Broadly speaking,
economic, financial, political, technological and social factors
have paved the way to globalization. Economic factors mainly include lower trade and investment barriers. Expansion of financial sector is also considered an important force of glo- balization.
