Exam 2: Economic Environment

Due to Chinese objections, Taiwan is not a member of the WTO.

An evolving trend in international economic activity is the formation of:

Regulating international e-commerce does not require cross-border cooperation.

Country competitiveness is not a _____________ thing.

In December 1999, WTO launched what would have become the beginning of a ___________ round of negotiations in Seattle, Washington.

One difference between a customs union and a free trade area is that the customs union:

Asia is the largest FDI recipient region in the world.

__________ has helped improve the economies of emerging and developing countries more than those of developed countries.

Which of the following countries got full membership to the WTO during the Doha Round of meetings?

UNCITRAL stands for:

NAFTA is the free trade area among the United States, Mexico, and ______________.

In the past 20 years, India's average growth rate in GDP has been over:

The WTO Work Program on _____________________ is in the process of defining the trade-related aspects of ___________________ that would fall under the parameters of WTO mandates.

The World Trade Organization was created in the eighth round of the GATT talks-called the ________________________ that lasted from 1986 to 1994.

Inflation will likely remain a key driving force for the twenty-first-century economy.

A ___________________ is a formal agreement among two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries.

Researchers have reported that multinationals have not been as great a threat to countries' national sovereignty because multinationals have yet to solve the problem of:

Since the second half of the 1990s, there have been some strong globalization movements.

A monetary union represents the fourth level of integration with a single common currency among politically independent countries.

The universal reason for forming trading blocs is to: