Exam 12: Globalization, Trade, and Corruption

_____ occurs when networks of economic,political,social,military,scientific,and environmental interdependence grow to span worldwide distances.

All of the following countries are part of NAFTA except:

When networks of economic,political,social,and scientific interdependence span worldwide distances,this is called globalization.

Creation of externalities such as pollution and resource depletion come under which force of globalization?

The World Bank is an example of which force in globalization?

Discuss some basic actions multinational corporations can take to fight corruption.

Agreements reached under GATT were incorporated in the WTO.

Even as nations' nontariff barriers have generally fallen,tariffs have multiplied.

Human rights are an example of which force in globalization?

Discuss the free trade responses to protectionism.

Facilitating payments:

Discuss the major forces that have stimulated the growth of globalization in recent years.

Discuss some of the reasons for the failure of the WTO-led multilateral trading system in making major advances in trade liberalization.

The uniform currency used by the European Union (EU)is called the:

For corruption to exist there must be both demand and supply.

The flow of goods and services across borders unhindered by government-imposed restrictions such as taxes,tariffs,quotas,and rules is known as:

Transportation is an example of which force in globalization?

What are the basic reasons for protectionism existing in the trade histories of all nations?

The current WTO-led multilateral trading system has yet to produce a major advance in trade liberalization.

This is based on trade and investment flows and restrictions;measures include trade as a percent of GDP,inflows of foreign direct investment as a percent of GDP,tariff rates,and import barriers.