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THE STRUCTURES OF GLOBALIZATION
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GOAL!
GLOBAL BUSINESS
- One that maintains a strong headquarters in one country, but has investments in multiple foreign relations. Such investment may involve direct investments in foreign assets such as manufacturing , facilities or sale offices.
- The headquarters generally is its home country though some move to more favorable regulatory taxation locations over time.
GLOBAL CORPORATIONS
Is the one that operates in more than one country. Particularly in the US, the term can mean different things to different contexts with the characteristics od a global corporation varying acordingly (Craig Berman, 2017).
They strive to create economies of sale by selling the same products inn multiple locations and limiting customized global business.
MAIN OBJECTIVES OF THE IFI'S:
-IMF provides temporary financial assistance to member countries to ease balance payment adjustments.
-MDB’s provide financing for development to developing countries through:
Long term loans (with maturities up tp 20 years) at interests way below market rates.
MEMBERSHIP COMPOSITIONS OF THE IFI
1. Only sovereign countries are admitted as member-owner.
2. Broad country membership to include borrowing developing countries and developed donor countries.
3. Membership in regional development banks include countries around the world as members ( not limited to countries from foreign region).
4. Has its own independent legal and operational states.
THE INTERNATIONAL FINANCIAL INSTITUTIONS:
THE STRUCTURES OF GLOBALIZATION
1. International Monetary Fund
2. Multinational Development banks:
a. World Bank Group
b. African Development Bank
c. Asian Development Bank
d. Inter American Development Bank
e. European Bank for Reconstruction and Development
INTERNATIONAL FINANCIAL INSTITUTIONS (IFI'S)
IFIs are institutions that provide financial support and professional advice for economic and social development activities in developing countries and promote international economic cooperation and stability
Chartered by more than one country and therefore are subjects to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders.
MARKET INTEGRATION
CWORLD
When prices among different location or related goods follow the same patterns over a long period of time, market integration exists.
GLOBAL ECONOMY
- It is also referred to as world economy.
- It refers to the international exchange of goods, capital, services, technology and information.
WORLD ECONOMY
-Is exclusively limited to human economic activity and is typically judged in monetary terms.
Example: Illegal drugs and other black market goods which by ay standard are part of the world economy.