Institutions are important for their power to a) shape incentives b) coordinate policy with other countries c) keep interest rates low d) build organizations
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Q: Globalization involves:
A:
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Economic institutions refers to specific agencies devoted for organizing the production, exchange, distribution and consumption of goods and services.
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- Which were the two institutions that were instituted during the Bretton Wood System era? a. International Monetary Fund and World Trade Organization b. World Trade Organization and United Nations c. World Trade Organization and World Bank d. International Monetary Fund and World BankWrite in research form about the following? China’s economic transformation since the late 1970s has been a process of neoliberalization, and, as such, it has resulted in growth without development.’ Discuss.Specialization is economically useful because it can Question 7 options: Help workers develop a wide variety of skills. Increase central planning of the economy. Increase the number of workers in the economy. Increase how much the economy can produce.
- which types of economic system is following in given countries, shortly describe their characteristic. China United kingdomEvery year the World Bank publishes a ranking of countries and the ease of doing business in that country. In 2020, Afghanistan ranked near the bottom at 178 out of 190 countries. These rankings include processes for business incorporation, getting a building permit, obtaining an electricity connection, transferring property, getting access to credit, protecting minority investors, paying taxes, engaging in international trade, enforcing contracts, and resolving insolvency Every year the World Justice Project publishes its "Rule of Law" index; in 2020, Afghanistan ranked 122 of 128 countries. These ranking include open government, regulatory enforcement, civil justice, and order and security. Rule of law captures perceptions of the extent to which people have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, and property rights, the police, and the courts. Under the heading "Business and Investment", the Embassy of Afghanistan…Distinguish between a command economic system and a traditional economic system
- Using Zambia as a point of reference, discuss justification for globalization of markets and associated drawbacks.Neoliberalism proponents believe that _________________ a. regulation should be largely removed from economic endeavours. b. privatization is bad for the economy. c. Strong unions support a strong economy. d. International Financial Institutions such as IMF should not exercise any influence on how government operate. I will not buy my coffee from “XYZ” Company because of their use of children in production. This consumerism is called a. Ethical Consumerism b. Company-based purchasing c. Fully screened approach d. Positive Buying ______________ posits that right and wrong are determined based on the result, not the action. a. Ethical Relativism b. Teleological ethics c. Business ethics d. ObjectivismGiven the different global economic systems that have been utilized throughout history, which do you think served as the best system in speeding up the process of globalization? Why? (Write 5 to 10 sentences for your answer.)
- Choose 3 economic policies promoted by neoliberalism: a. Rule of law b. Liberalization c. Deregulation d. Privatization e. Global cooperationAdler considers four proposals to "reform" capitalism. What does he mean by reform? Why does he think that these reforms are ultimately not up to the challenge that the six crises represent? To what extent do you agree with Adler that these proposals face severe limitations?Three strategies that have been used/ implement by different countries to reduce the negative effects of globalization?