UNIT TEST

• Foreign Direct Investment (FDI) – It is a major driver of extended global corporate development​
• Economic Sovereignty – This is the power of national governments to make decisions independently of those made by other governments​
• Global Governance – This is a product of neo-liberal paradigm shifts in international political and economic relations, aimed at political integration
• Social Media – This is a computer-based technology that facilitates the sharing of ideas and information
• General Agreement on Trade in Services (GATS) – This provides a framework of rules governing services trade​
• Economic Integration – It is an arrangement between different regions that often includes the reduction or elimination of trade barriers​
• Financial Market Integration – It is an open market economy facilitated by a common currency and the elimination of technical, regulatory, and tax differences​
• Transnational Activism – This is the mobilization of collective claims by actors in more than one country​
• Global Corporation – This is a business that operates in two or more countries​
• Market Integration – This exists when effects in one market prompt changes in other related markets​
• Complete Economic Integration – This is the final stage of economic integration, where member states forego monetary and fiscal independence​
• Neo-functionalism – This focuses on supranational institutions in the European Union, with integration driven by interest groups, political parties, and governments​
• Neoliberalism – This is the intensification of the influence and dominance of capital, elevating capitalism into an ethic, political imperative, and cultural logic​
• United Nations – This is tasked with promoting international cooperation and maintaining global order​
• Economic Union – This requires coordinated monetary and fiscal policies, as well as labor market, transportation, and industrial policies​
• False – The politics grows → The politics shrinks and the economy grows in the Golden Straitjacket​
• True – Foreign direct investment involves more than just capital; it includes management and technology​
• False – Governments are independently deciding → Governments have no alternative but to adopt neoliberal economic policies​
• True – Market integration occurs both intentionally and as a result of shifting supply and demand​
• False – Westphalian Sovereignty refers to the capacity of a state to choose and implement policies within the territory → This is Domestic Sovereignty; Westphalian Sovereignty means one state should not interfere with another’s domestic affairs​
• True – International organizations restrict national sovereignty to a certain extent
• False – Prior to the end of World War II → Modern nation-state systems emerged after World War II, not before
• False – Augmenting costs and reducing trade → Economic integration aims to reduce costs and increase trade
• False – Strictly implement restriction barriers → Free Trade Areas (FTAs) eliminate barriers to trade among member countries​
• False – Strict individual state conditions → Policy integration creates a common framework with equal conditions​
• False – Positively in agreement with WTO → The global justice movement critiques institutions like the WTO​
• True – CFOs add value by making smarter investment decisions
• False – Secured and independent from social media influences → Organizational communication within social movements is influenced by social media​
• False – Peacekeeping is the least important feature of the UN → Peacekeeping is a critical function of the UN in global security
• True – The Golden Straitjacket forces states to conform to free-market policies or risk economic isolation​