Flashcards
GLOBALIZATION
Cards in this deck (19)
- 1—globalization is the present worldwide drive toward a globalized economic system dominated by supranational corporate trade and banking institutions
- 2—globalization is a historical stage of accelerated expansion of market capitalism
- 3—globalization is the increase interconnectedness and interdependence of people and countries
- 4—the workers produce for distants markets over wich they have no control
- 5when globalization started?The Silk Road was a network of routes that linked China and Europe
- 6what is the 1st stage of globalization called?Age of Discovery or Age of Exploration
- 7what happened in 1st stage?led to colonization of the Americas and Africa
Global trade exploted
New maritimes were created - 8Silver Mines in Potosithe exploitation of this by the Spaniards helped fund the creation of capitalism and led the 1st stage of globalization
- 9what happened in 2nd stage?production made by machines
factories appeared
industrialziation=mass production
the standard of living increase - 10which are the facets of 3rd stage of globalization?globalization of market and production, financial globalization
- 11what is globalization of market?refers that the most global markets are markets for industrials goods and raw materials
- 12globalization of productionrefers to sourcing of goods and services from locations around the globe to take advantages of national differences in the cost and equality of factors production
- 13financial globalizationthe difference is the amount and speed of cross-borders capital flows
- 14which are the main drivers of financial globalization?market liberalization
technological innovation
financial deregulation - 15a great benefit of financial globalization is ****it has promoted economic growth
- 16drawbacks of financial globalizationfinancial instability
inequality
regulatory challenges - 17investment companymanage huge funds from institutional investors and personal investors
- 18investment bankas intermediary in large and complex financial transactions such as mergers and acquisitions
- 19commercial bankrefers when institutions accepts deposits from the regular public and offer credit and lending to them
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- Administrativo GFDI Flashcards on GLOBALIZATION, created by Dayra Briseth Arellano Ccolque on 09/09/2024.
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- Dayra Briseth Arellano Ccolque
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