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› 1 COV UNI global
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1 COV UNI global
Jaar 3 (hbo)
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globalisation = the shift toward a more integrated and interdependent world economy emerging economies = developing countries globalisation of markets = separate national markets are merging globalisation of production = goods and services from around the globe to save money regarding cost, land, labor, energy etc. what do global institutions do? = help manage, regulate and police the global marketplace and promote the establishment of treaties GATT = the General Agreement on Tariffs and Trade WTO = the World Trade Organization IMF = the International Monetary Fund UN = the United Nations 2 more global institutions = the World Bank and the G20 what do GATT and WTO do? = polices the world trading system and makes sure nations stick to the rules what does IMF? = maintains order in the international monetary system and lends money to crisis countries what does the world bank do? = promotes economic development via low interest loans what does the UN do? = maintains international peace and security and develops friendly relations among nations what does the G20 do? = forum through which major nations tried to launch a coordinated policy response to the 2008-2009 global financial crisis 2 economic systems = market economies and command economies legal system = the rules that regulate behavior Amartya sen = economic development should be seen as a process of expanding the real freedom what is culture? = the sum of all the beliefs, values and norms shared by a group of people values = ideas about what a group believes to be good, right and desirable norms = social rules and guidelines that prescribe appropriate behavior in particular situations power distance = how a society deals with the fact that people are unequal in physical and intellectual capabilities uncertainty avoidance = the relationship between the individuals and his fellows individualism versus collectivism = the extent to which different cultures socialize their members into accepting ambiguous situations and tolerating ambiguity masculinity versus femininity = the relationship between gender and work roles the growth of FDI is because = a fear of protectionism, political and economic changes, new investment treaties, globalisation of the world economy how do international institutions influence FDI? = the WTO is changing this by trying to establish a universal set of rules designed to promote the liberalization of FDI In which level regarding regional economic integration is NAFTA active? = free trade area in which level regarding regional economic integration is EU active? = economic union why is there regional economic integration? = gain from free trade, linking countries together the gold standard = refers to a system in which countries count currencies to gold and guarantee their convertibility why did the gold standard make sense? = it contained a powerful mechanism for achieving balance-of-trade equilibrium by all countries Bretton Woods system = after the war in 1944 the gold standard was reconsidered and they designed a new international monetary system what are the 4 basic strategies to compete in international markets = global standardization strategy, transnational strategy, international strategy, localization strategy
Ingezonden op 12-01-2017 - 1300x bekeken.
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