International Trade Concepts

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What concept suggests that countries should only export goods they can produce more efficiently than others?

Protectionism

Foreign Direct Investment

Migration

Specialization (correct)

Which type of investment involves an investor establishing a lasting interest and influence in an enterprise in another economy?

Foreign Direct Investment (correct)

Diffusion of Technology

Capital Market Flows

Migration

What term refers to the movement of capital from one country to another due to investment flows, including stock and bond investments?

Protectionism

Diffusion of Technology

Migration

Capital Market Flows (correct)

In the context of globalization, what role does technology play?

Vital in expediting globalization processes Signup and view all the answers

What is the purpose of countries importing goods they cannot produce efficiently, according to the text?

To achieve Specialization benefits Signup and view all the answers

Which economic concept involves the movement of people from one country to another?

Migration Signup and view all the answers

What defines Transnational Corporations (TNCs) according to Biersteker?

Business organizations with spatially dispersed operations in at least two countries. Signup and view all the answers

What is the primary characteristic of the Westphalian System in international relations?

It established the modern international system by finishing a war between Catholic and Protestant states. Signup and view all the answers

Why do weaker states often join forces against dominant states, according to the text?

To prevent dominant states from becoming too powerful, known as the Balance Of Power. Signup and view all the answers

What is the main characteristic of the Outsourcing practice mentioned in the text?

Obtaining goods and services from foreign suppliers. Signup and view all the answers

How do Nations differentiate from States based on the text's explanation?

States are sovereign entities claiming territorial monopoly, while Nations share historical identities. Signup and view all the answers

What led to the establishment of the modern international system under the Westphalian System?

The Peace of Westphalia ending the 30 year war between Catholic and Protestant states. Signup and view all the answers

What regions are typically included when referring to the Global South?

Latin America, Africa, Oceania, Asia Signup and view all the answers

What term was commonly used during the Cold War era to refer to countries that were non-aligned or rejected colonialism?

Third World Signup and view all the answers

What classification system does the World Bank use based on Gross National Income (GNI) per capita?

Income Level Classification Signup and view all the answers

In modern times, what terms have replaced 'Third World' in describing certain countries?

Developing countries, least developed countries, Global North Signup and view all the answers

What do low income countries (LICs) refer to in the World Bank Classification System based on GNI per capita?

Countries with the lowest GNI per capita Signup and view all the answers

Which regions are considered part of the Global South according to the text?

Latin America, Africa, Asia Signup and view all the answers

Which institution provides economic grants and overseas development assistance programs?

Japan International Cooperation Agency (JICA) Signup and view all the answers

Which Asian country is specialized in the production of electronics and copper?

South Korea Signup and view all the answers

Which Asian country is known for its production of palm oil, rubber, and natural gas?

Indonesia Signup and view all the answers

Which Asian initiative is characterized by a rules-based approach similar to the European Union?

Asian Bond Market Signup and view all the answers

In response to globalization, which countries engaged in a dialogue to formulate visions and share goals for regional cooperation?

China, India, Japan Signup and view all the answers

Which country created its own currency 'bia' that was regulated by a central bank in a village?

Thailand Signup and view all the answers

What is the primary objective of the Economic and Social Council (ECOSOC)?

To advance sustainable development dimensions Signup and view all the answers

Which UN body is known as 'the World Court'?

International Court of Justice (ICJ) Signup and view all the answers

What does UNICEF primarily work towards?

Ensuring children's human rights worldwide Signup and view all the answers

What is the role of the Secretariat within the UN?

Implementing policies and decisions of the UN organs Signup and view all the answers

Which UN agency focuses on strengthening healthcare systems globally?

WHO Signup and view all the answers

What is the aim of the Human Development Index (HDI)?

Ranking countries based on real income, health, and education Signup and view all the answers

International Trade Concepts

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Questions and Answers

What concept suggests that countries should only export goods they can produce more efficiently than others?

Which type of investment involves an investor establishing a lasting interest and influence in an enterprise in another economy?

What term refers to the movement of capital from one country to another due to investment flows, including stock and bond investments?

In the context of globalization, what role does technology play?

What is the purpose of countries importing goods they cannot produce efficiently, according to the text?

Which economic concept involves the movement of people from one country to another?

What defines Transnational Corporations (TNCs) according to Biersteker?

What is the primary characteristic of the Westphalian System in international relations?

Why do weaker states often join forces against dominant states, according to the text?

What is the main characteristic of the Outsourcing practice mentioned in the text?

How do Nations differentiate from States based on the text's explanation?

What led to the establishment of the modern international system under the Westphalian System?

What regions are typically included when referring to the Global South?

What term was commonly used during the Cold War era to refer to countries that were non-aligned or rejected colonialism?

What classification system does the World Bank use based on Gross National Income (GNI) per capita?

In modern times, what terms have replaced 'Third World' in describing certain countries?

What do low income countries (LICs) refer to in the World Bank Classification System based on GNI per capita?

Which regions are considered part of the Global South according to the text?

Which institution provides economic grants and overseas development assistance programs?

Which Asian country is specialized in the production of electronics and copper?

Which Asian country is known for its production of palm oil, rubber, and natural gas?

Which Asian initiative is characterized by a rules-based approach similar to the European Union?

In response to globalization, which countries engaged in a dialogue to formulate visions and share goals for regional cooperation?

Which country created its own currency 'bia' that was regulated by a central bank in a village?

What is the primary objective of the Economic and Social Council (ECOSOC)?

Which UN body is known as 'the World Court'?

What does UNICEF primarily work towards?

What is the role of the Secretariat within the UN?

Which UN agency focuses on strengthening healthcare systems globally?

What is the aim of the Human Development Index (HDI)?

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