The Economic Dimensions of Globalization
What does digital technology consist of that is considered hallmarks of contemporary globalization?
The Internet and Social media
What dates are the roots for GFC?
1980s and 1990s
Transnational Corporations skyrocketed from 7000 in 1970 to _____ in 2018.
over 100,000
What did Nokia do in 1998?
Nokia sold a record 41 million cellular phones worldwide.
What do transnational corporations contribute?
Powerful international economic institutions and gigantic regional business trade networks that emerged as building blocks to modern century global economic order.
Who are the credit rating giants?
Standard, and poor's and moody's
Rivalling nation-states in their economic power, these corporations control much of the _______.
World investment capital, technology, and access to international markets.
Explain Washington Census
Neoliberal policies.
Who proposed the version of state interventionism that was embraced by conservative political parties in Europe and the United States?
John Maynard Keynes
What country was almost bankrupted and also known as the birthplace of Western civilization?
Greece
Explain the labor market in the global operations of TNCs.
Cheap labor, resources, and favorable productions conditions in global South.
With large foreign debts remaining from the 1970s and the 1980s.
Explain KOF Globalization Index and its importance in 2018.
a major Index measuring primarily object-extended forms of globalization; recorded a downward movement in 2017, the first since 1975.
What party lost July 2019?
Syriza Party
What huge scandal rocked the financial world in July 2012?
Barclays and fifteen other major banks had rigged the world's most popular interest rates for years.
What is the US debt in 2013?
$6.8 trillion
What is the number of billionaires in the world that have a combined asset as the 3.8 billion people who make up the lower-income half of the planet.
26
What countries did Trump have tariff punishments for?
China, Mexico, Canada, Japan, and the EU
What did Walmart admit inn 2019?
Violating the US Foreign Corrupt Practices Act
Give a modern example of the Washington Consensus. (Can Google)
Open Answer