Identification

1. Occurs when a firm export goods and services to consumers in another country. International trade
2. Is any business that has productive activities in two or more countries. Multinational Enterprise
3. It is refers to the outsourcing of goods and services from locations around the globe to take advantage of
national differences in the cost and quality. Globalization of production
4. It refers to the shift toward a more integrated and interdependent world economy. Globalization
5. A global institution was set up to promote economic development. World bank
6. It is the most recent negotiations among members states worked to lower barriers of the free flow of goods
and services. Uruguay rounds
7. It was introduce and has developed into information backbone of the global economy. www
8. A phenomenom, which predicts the power of microprocessors technology double its cost of production.
Moore’s Law.
9. It is the time where was once contributed to depressed world demand. The Great Depression of 1930’s
10. It has revolutionized the transportation business, significantly lowering the cost of shipping the goods over
long distances. Containerization.

Modified True or False

11. Telecommunication is the development of a single most important innovation which enabled the explosive
growth of high-power, low – cost computing, vastly increasing the amount of information that can be
processed by individual firms. False - Microprocessors.
12. The Emergence of Global Institutions are needed to promote the establishment of multinational treaties to
govern the global business. – True
13. United Nations is primarily responsible for facilitating the establishment of multinational agreements among
nations. False – World Trade Organization
14. The global institutions includes Intenational Monetary Fund, General Agreement on Tariffs and Trade , World
Trade Organization, World Bank and Global Market System. False – the Global Institutions includes
mentioned above except Global Market System.
15. Statement I – World Bank was set up to promote economic development.
Statement II – United Natons is committed to preserve peace through international cooperation and
collective security. True. Both statements are true.

Enumerations:

Role of Technological Change ( 3)

Notable trends in demographics of the multinational enterprises (2)

Facets of globalization (2)

Global institutions(5)

Purposes of United Nations (atleast 3)

Essay:

Give the differences and similarities of globalization of market and production?

How does the Role of Technological Changes affects the development of world economy?