International Organizations in Business and Economy Quiz

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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?

International Monetary Fund Signup and view all the answers

What distinguishes Foreign Direct Investment from other types of investments?

Ownership control over businesses within a single nation-state Signup and view all the answers

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

Transnational corporations Signup and view all the answers

What organization refers to itself as the World Business Association?

International Chamber of Commerce 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?

Bilderberg Group Signup and view all the answers

What is the purpose of the Trilateral Commission?

Foster collaborative leadership among key capitalist regions Signup and view all the answers

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

World Economic Forum Signup and view all the answers

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

Trilateral Commission and Bilderberg Group Signup and view all the answers

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

International Chamber of Commerce Signup and view all the answers

What is one of the crises mentioned in the text?

Crisis of Overextension Signup and view all the answers

What does the Crisis of Legitimacy refer to?

Inability of neoliberal ideology to convince people Signup and view all the answers

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

North America Signup and view all the answers

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

Anti-Capitalist Movement Signup and view all the answers

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

Neoliberalist but questioned at a certain point Signup and view all the answers

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

Great Depression Signup and view all the answers

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

More negative than positive Signup and view all the answers

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

3 Signup and view all the answers

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

UNEP, UNCTAD, UNCED Signup and view all the answers

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

Geneva-based Business Council for Sustainable Development ceased to exist Signup and view all the answers

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

Objects, including laborers Signup and view all the answers

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

Crisis of liberal Democracy Signup and view all the answers

What do indicators and manifestations of Economic Globalization include?

International trade, financial transfers, and foreign direct investment Signup and view all the answers

Which actors facilitate economic globalization?

Transnational Corporations Signup and view all the answers

What does Economic Globalization derive partly from?

Its historical development Signup and view all the answers

Which organization is primarily involved in global taxation issues?

World Bank Signup and view all the answers

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

'Increasing internationally interconnected economy' Signup and view all the answers

Which theory explains the concept of Economic Globalization?

'Theories of Economic Globalization' Signup and view all the answers