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17 Cards in this Set
- Front
- Back
Globalization
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refers to the increasing movement of goods, services and capital across national borders.
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Transnational corporations
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operating in the modern global economy (firms that control assets abroad.)
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International financial and trade institutions
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global commerce is carried out in the context of a set of these. The most important of these are the world bank, the international Monetary Fund, and the World Trade Organization.
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World Bank
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set up in 1944 to provide economic development loans to its member nations.
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International Monetary Fund
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founded at the same time as the World Bank and its her sister organization, , the IMF has somewhat narrower purpose
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Debt relief
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major lending orgs including the IMF have begun to extend this to some poor nations
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World Trade Organizations
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founded in 1995 as a successor to the General Agreement and Tarriffs and Trade, is an international body that establishes the ground rules for trade among nations. Major motive to promote free trade
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Anti-Americanism
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this is present in many parts of the world many believe because of the resentment at the penetration of the values of dominant US based trans-national corporations into every corner of the world.
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Democrasy
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refers broadly to the presence of political freedom.
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Military dictatorships
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repressive regimes ruled by dictators who exercise total power through control of the armed forces.
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Free enterprise systems
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are based on the principle of voluntary association and exchange. In such a system, people with goods and services to sell take them voluntarily to the marketplace, seeking to exchange them for money or other goods and services.
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Central state control
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in which economic power is concentrated in the hands of government officials and political authorities.
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Constructive engagement
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many people believe that when transnational corporations operate according to strong moral principles, they can become a force for positive change in the other nations where they operate.
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Global codes of conduct
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that seek to define acceptable and unacceptable behavior for today’s transnational corporations.
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Civil Society
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comprises nonprofit, educational, religious, community, family, and interest group organizations, that is, social organizations that do not have a commercial or gov. purpose.
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Nongovernmental organizations
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concerned with such issues as environmental risk, labor practices, worker rights, community development, and human rights.
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Collaborative partnerships
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alliances among organizations from the three sectors (business, government, and civil society) called collaborative partnerships can draw on the unique capabilities of each and overcome particular weaknesses that each has.
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