Actors of Economic Globalization Quiz

Test your knowledge on the actors of economic globalization such as international economic and financial organizations, multilateral development banks, non-governmental organizations (NGOs), transnational corporations (TNCs), and more. This quiz covers information from 'A Course Module for The Contemporary World' by Neptaly J.B. et al., published by Rex Bookstore Manila, Philippines.

Created by

@HonorableRutherfordium

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Questions and Answers

Which of the following is NOT one of the main goals of the Association of Southeast Asian Nations (ASEAN)?

To remove tariffs and other trade barriers between member countries

What was the primary purpose of the Bretton Woods Agreement?

To establish a collective international monetary system

What is the primary function of the World Trade Organization (WTO)?

To remove tariffs and other trade barriers between countries

The International Monetary Fund (IMF) was created as a result of which agreement?

The Bretton Woods Agreement Signup and view all the answers

Which of the following is an international financial institution mentioned in the text?

The World Bank Signup and view all the answers

What is the primary purpose of the Organization for Economic Cooperation and Development (OECD)?

To develop policy standards for sustainable economic growth Signup and view all the answers

What was the primary goal of the North American Free Trade Agreement (NAFTA)?

To create a free trade zone between the U.S., Canada, and Mexico Signup and view all the answers

What was the purpose of the Group of Eight (G8)?

To address global issues such as world hunger, security, medicine, and poverty Signup and view all the answers

Which of the following is NOT considered a precursor to modern-day multinational companies (MNCs)?

The Group of Twenty (G20) Signup and view all the answers

What is the primary focus of the Group of Twenty (G20)?

Addressing global issues related to the economy and finance Signup and view all the answers

Which of the following statements about multinational companies (MNCs) is true?

MNCs are considered the main drivers of economic globalization Signup and view all the answers

What was the purpose of the World Trade Organization (WTO) case brought by Japan and the European Union against Ontario?

To challenge unfair renewable energy subsidies offered in Ontario Signup and view all the answers

What is the main function of the World Bank?

To reduce poverty by lending money to poorer member countries Signup and view all the answers

What is the primary role of the International Monetary Fund (IMF)?

To promote international monetary cooperation and exchange stability Signup and view all the answers

Which of the following is considered a non-state actor in the process of economic globalization?

Transnational Corporations (TNCs) Signup and view all the answers

What is the primary condition that International Financial Institutions (IFIs) place on the loans they provide to governments?

Governments must agree to make specific changes recommended by the IFIs Signup and view all the answers

Which of the following is NOT considered an actor of economic globalization according to the text?

International Trade Organizations Signup and view all the answers

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