Fvc1

FVC1 Study Guide Questions

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 What are the characteristics of globalization?

Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force.

 How do major international institutions facilitate globalization?

International monetary funds: provides financial stability.

World bank: reconstruction and restructuring economies as an opportunity to reach global solutions to national challenges.

World trade organization: focuses on lowering/removing trade barriers to encourage trade and globalization.

 Why is it important for political leaders and institutions to be transparent in responding to global competition?

Successful institutions play three important roles: they channel information about market conditions, goods, services, and participants; they define property rights and contracts; they promote competition and innovation the foundations of the globalized business world are political and so are the biggest threats to the system. World bank encourages political institutions to be transparent and convince their constituents that while globalization does create "winners" and "losers" policies will be in place to retain and uplift the downtrodden.

 What are key policy measures that make globalization sustainable?

Countries with sound economic policies will be more successful in the global economy, encouraging further opening and cross border integration. Governments need to put in place good governance, competitive markets, and property rights, and assist in the fight against corruption.

 What are ways that technology bridges the global digital divide?

Advances in technology along with the lower costs to obtain internet access and technology is allowing for underdeveloped countries to now utilize it and the advantages of technology lessening the digital divide and closing the gap between developed and developing countries and markets.

 What is the rationale of specific anti-globalization...