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17 Cards in this Set

  • Front
  • Back
refers to the increasing movement of goods, services and capital across national borders.
Transnational corporations
operating in the modern global economy (firms that control assets abroad.)
International financial and trade institutions
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.
World Bank
set up in 1944 to provide economic development loans to its member nations.
International Monetary Fund
founded at the same time as the World Bank and its her sister organization, , the IMF has somewhat narrower purpose
Debt relief
major lending orgs including the IMF have begun to extend this to some poor nations
World Trade Organizations
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
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.
refers broadly to the presence of political freedom.
Military dictatorships
repressive regimes ruled by dictators who exercise total power through control of the armed forces.
Free enterprise systems
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.
Central state control
in which economic power is concentrated in the hands of government officials and political authorities.
Constructive engagement
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.
Global codes of conduct
that seek to define acceptable and unacceptable behavior for today’s transnational corporations.
Civil Society
comprises nonprofit, educational, religious, community, family, and interest group organizations, that is, social organizations that do not have a commercial or gov. purpose.
Nongovernmental organizations
concerned with such issues as environmental risk, labor practices, worker rights, community development, and human rights.
Collaborative partnerships
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.