10 Questions
What is the primary role of the GATT (General Agreement on Tariffs and Trade)?
To facilitate trade by reducing tariffs and trade barriers
What is one of the functions of the World Trade Organization (WTO)?
Facilitating negotiations to reduce trade barriers and resolve disputes
Which institution is primarily responsible for providing financial assistance to countries facing balance of payments problems?
International Monetary Fund (IMF)
What is the main purpose of a common market arrangement?
To allow the free movement of goods, services, and people within the member countries
What is a key function of central banks in the context of foreign exchange markets?
Issuing and managing currency in circulation
What is the term for the process by which individuals learn and internalize the values, beliefs, and norms of a culture?
Acculturation
Which concept refers to the tendency to judge other cultures by the standards of one's own culture?
Ethnocentrism
What does the 'Made in xxxx' label on a product relate to in the context of cultural differences?
Role of Country-Of-Origin in Purchase Decision
What does the concept of 'In-Group Identities' refer to in the context of culture?
Boundaries Between In- and Out-Groups
What is the term for the values representing the goals an individual wants to achieve (e.g., happiness, freedom) in a culture?
Terminal values
Study Notes
- International Market Environment Week 2 was associated with Assoc. Prof. Evrim İldem, contact email: [email protected]
- Discussed the role of government in creating wealth and value, contrasting balanced and unbalanced growth
- Identified facilitators of trade: tariffs, quotas, voluntary restraints, monetary barriers, technical standards, local content rules, and multilateral trade organizations
- Discussed key institutions: GATT (General Agreement on Tariffs and Trade), WTO (World Trade Organization), IMF (International Monetary Fund), and World Bank
- Explored regional development banks, common market arrangements, free trade agreements, direct foreign aid, and agencies
- Discussed factors shaping attitudes towards multinationals: development needs, technology needs, risk sharing needs, market organization needs, and government policy needs
- Explored foreign exchange function and nature of foreign exchange markets
- Discussed transactions, currency needs, hedging swaps, speculation, and monetary institutions
- Discussed commercial banks, central banks, money markets, bond and equity markets, credit, international trade, and foreign exchange demand and supply
- Considered relationship to terms of trade, product price in different currencies, and factors impacting volume of trade
- Discussed internal efficiencies, financial strength of nations, currency and credit dynamic, and innovativeness
- Discussed political environment, types of governments, formation and implementation of legislation, degree of political participation, orientation to free market, nationalism, concept of the nation-state, economic manifestations of nationalism, conflict with multinationalism, fear of foreign ownership and/or control, and response to nationalistic fears
- Discussed public policy impact chain, economic, political, cultural, demographic, national goals and strategies, and policy instruments and institutions
- Explored industries and firms, political environment, direct political sanctions, and global environment
- Discussed the impact of marketing on African farmers, the importance of culture, and language in international customers' service
- Cited examples of Coca Cola's global marketing strategy and brilliant global marketing strategies of 13 businesses.
- Discussed international legal environment, marketing laws, and examples of Coca Cola's global strategy.
Test your knowledge about the government's role in creating wealth, balanced vs. unbalanced growth, facilitators of trade, and multilateral trade organizations such as GATT, WTO, IMF, and World Bank.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
