TCW-MARKET INTEGRATION

Which economist influenced the Bretton Woods System?

• • Adam Smith

• • David Ricardo

• • John Maynard Keynes

• • Milton Friedman

What does the IMF primarily aim to promote?

• • Cultural integration

• • Global economic growth and financial stability

• • National trade barriers

• • Regional isolation

• Which of the following best describes "market integration"?

  
  

• • The establishment of new economic frontiers between countries

• • The removal of economic barriers to enhance the free movement of goods and services

• • A policy of national self-sufficiency

• • The promotion of state-run industries

What is one attribute of global corporations?

• • They operate only in developed countries.

• • They focus exclusively on domestic trade.

• • They produce and sell goods in multiple countries.

• • They strictly adhere to uniform tax policies globally.

What was the primary focus of the Treaty of Rome?

• • 
    

    • Creating a common market for participating European countries

• • Regulating tariffs on goods between nations

• • Increasing currency manipulation

• • Establishing IMF guidelines

How might a global corporation benefit from cheaper labor in developing countries?

• • By reducing product prices without changing production practices

• • By increasing its tax obligations in these countries

• • By operating fewer branches worldwide

• • By decreasing profit margins

11. What distinguishes "market integration from below" from "market integration from above"?

• • Consumer-based pricing versus state-imposed taxes

• • State-controlled industries versus privately managed entities

• • Public finance models versus national defense models

• • Private economic agents versus public regulatory bodies

13. Which criticism of the WTO highlights a potential negative impact on developing countries?

• • Promoting reduced tariffs globally

• • Fostering environmental regulations

• • Favoring multinational corporations at the expense of smaller countries

• • Reducing trade flows worldwide

15. Propose a policy that could balance global trade practices for both developed and developing countries.

• • Eliminating global trade regulations entirely

• • Implementing equal tariffs on all imported goods

• • Creating flexible rules for developing countries in negotiations

• • Requiring uniform pricing worldwide for identical goods

16. What is the role of the World Bank Group?

• • To manage regional conflicts

• • To provide financial aid and loans to developing countries

• • To enforce military cooperation

• • To create cultural exchange programs