Pol213 (Exam 1) - Kt - Chapter 7

Front 1

Globalization

Back 1

refers to the increasing movement of goods, services and capital across national borders.

Front 2

Transnational corporations

Back 2

operating in the modern global economy (firms that control assets abroad.)

Front 3

International financial and trade institutions

Back 3

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.

Front 4

World Bank

Back 4

set up in 1944 to provide economic development loans to its member nations.

Front 5

International Monetary Fund

Back 5

founded at the same time as the World Bank and its her sister organization, , the IMF has somewhat narrower purpose

Front 6

Debt relief

Back 6

major lending orgs including the IMF have begun to extend this to some poor nations

Front 7

World Trade Organizations

Back 7

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

Front 8

Anti-Americanism

Back 8

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.

Front 9

Democrasy

Back 9

refers broadly to the presence of political freedom.

Front 10

Military dictatorships

Back 10

repressive regimes ruled by dictators who exercise total power through control of the armed forces.

Front 11

Free enterprise systems

Back 11

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.

Front 12

Central state control

Back 12

in which economic power is concentrated in the hands of government officials and political authorities.

Front 13

Constructive engagement

Back 13

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.

Front 14

Global codes of conduct

Back 14

that seek to define acceptable and unacceptable behavior for today’s transnational corporations.

Front 15

Civil Society

Back 15

comprises nonprofit, educational, religious, community, family, and interest group organizations, that is, social organizations that do not have a commercial or gov. purpose.

Front 16

Nongovernmental organizations

Back 16

concerned with such issues as environmental risk, labor practices, worker rights, community development, and human rights.

Front 17

Collaborative partnerships

Back 17

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.