International Organizations in Business and Economy Quiz

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Questions and Answers

What is the main function of the World Bank?

  • Enforcing international trade rules
  • Providing loans for economic development in poor countries (correct)
  • Controlling ownership of businesses in different nation-states
  • Acting as a lender of last resort for countries in economic crises

Which actor of economic globalization focuses on setting and enforcing international trade rules?

  • Foreign Direct Investment entities
  • Global Taxes regulators
  • World Trade Organization (WTO) (correct)
  • Transnational corporations

What is the purpose of implementing global taxes according to the text?

  • Providing loans to poor countries for economic development
  • Ensuring democratic oversight and control of policy shaping effects (correct)
  • Influencing global economic processes through private organizations
  • Solving economic crises experienced by countries

Which entity is known as a lender of last resort for countries experiencing economic crises?

<p>International Monetary Fund (D)</p> Signup and view all the answers

What distinguishes Foreign Direct Investment from other types of investments?

<p>Ownership control over businesses within a single nation-state (B)</p> Signup and view all the answers

Which actor of economic globalization has surpassed many states in terms of economic size?

<p>Transnational corporations (A)</p> Signup and view all the answers

What organization refers to itself as the World Business Association?

<p>International Chamber of Commerce (A)</p> Signup and view all the answers

Which organization is related to the Council on Foreign Relations, IMF, World Bank, Trilateral Commission, European Union, and NAFTA?

<p>Bilderberg Group (D)</p> Signup and view all the answers

What is the purpose of the Trilateral Commission?

<p>Foster collaborative leadership among key capitalist regions (B)</p> Signup and view all the answers

Which forum was established to discuss European strategy in an international marketplace?

<p>World Economic Forum (B)</p> Signup and view all the answers

Which organizations are related to the G7 summit and G8 summit?

<p>Trilateral Commission and Bilderberg Group (C)</p> Signup and view all the answers

Which organization aimed at liberalization and was historically the most comprehensive business forum?

<p>International Chamber of Commerce (D)</p> Signup and view all the answers

What is one of the crises mentioned in the text?

<p>Crisis of Overextension (B)</p> Signup and view all the answers

What does the Crisis of Legitimacy refer to?

<p>Inability of neoliberal ideology to convince people (B)</p> Signup and view all the answers

Which region does the text imply has been a political cocoon for capitalism?

<p>North America (C)</p> Signup and view all the answers

What movement is associated with the crisis mentioned in the text?

<p>Anti-Capitalist Movement (D)</p> Signup and view all the answers

What does Taiwan's situation suggest about its economic approach according to the text?

<p>Neoliberalist but questioned at a certain point (A)</p> Signup and view all the answers

What term is used in the text to describe the exhaustive point of stock market Keynesianism?

<p>Great Depression (C)</p> Signup and view all the answers

According to Wallerstein's perspective in Neo-Marxism, how does he view capitalism for those under its constraints?

<p>More negative than positive (C)</p> Signup and view all the answers

In World System Theory, how many types of economies are identified within the world economy?

<p>3 (C)</p> Signup and view all the answers

What organizations are related to the World Business Council for Sustainable Development?

<p>UNEP, UNCTAD, UNCED (C)</p> Signup and view all the answers

What was the outcome of the merger that formed the World Business Council for Sustainable Development in 1995?

<p>Geneva-based Business Council for Sustainable Development ceased to exist (C)</p> Signup and view all the answers

According to Neo-Marxism, what becomes increasingly commoditized within the market?

<p>Objects, including laborers (D)</p> Signup and view all the answers

What is one of the crises mentioned in 'The Multiple Crises of Global Capitalism' related to overextension?

<p>Crisis of liberal Democracy (B)</p> Signup and view all the answers

What do indicators and manifestations of Economic Globalization include?

<p>International trade, financial transfers, and foreign direct investment (A)</p> Signup and view all the answers

Which actors facilitate economic globalization?

<p>Transnational Corporations (C)</p> Signup and view all the answers

What does Economic Globalization derive partly from?

<p>Its historical development (A)</p> Signup and view all the answers

Which organization is primarily involved in global taxation issues?

<p>World Bank (C)</p> Signup and view all the answers

What is a key aspect of global interdependence due to economic globalization?

<p>'Increasing internationally interconnected economy' (D)</p> Signup and view all the answers

Which theory explains the concept of Economic Globalization?

<p>'Theories of Economic Globalization' (C)</p> Signup and view all the answers

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