ADM 3318 Lecture Notes - Lecture 1: Conditionality, International Finance Corporation, International Monetary Fund
20 Jan 2018
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Document Summary
Globalization refers to the shift toward a more integrated and interdependent world economy. Globalization has several different facets, including: globalization of markets, globalization of production, globalization of consumers. Thailand: business processes that give a retailer a competitive advantage in the united states may be difficult to implement in mexico, a brand that means something in kansas may mean little in indonesia. As markets globalize business activities and transcend national borders, institutions need to help manage and regulate the global marketplace. Including the following organizations: united nations (1945, world trade organization (wto, preceeded by the gatt. International monetary fund: the imf and the world bank were both created 1944. It is not one single entity but rather a group comprised of the following: Ibrd - the international bank for reconstruction and development. Ifc - international finance corporation: miga - multilateral investment guarantee agency. Icsid - international centre for settlement of investment disputes.
