Paano, Ma. Kristena Cassandra N.

ABPS 1-5

MIDTERM EXAM

I. Identification

1. Global Economy
2. Horizontal Integration
3. Vertical Integration
4. Globalization
5. Global Governance
6. United Nations
7. Global Interstate System
8. Market Integration
9. International Organization
10. International System

II. Enumeration

1. Bretton Woods institutions: the World Bank

2. IMF
3. .G20, the G7, the World Economic Forum:
4. .Horizontal integration
5. Vertical integration
6. Increased global trade enables large companies to realize economies of scale.
7. For companies, globalization allows for more efficient operations through economies
of scale.
8. The benefits of globalization for countries include foreign direct investment and
technological innovation.
9. Promote and Protect human rights
10. Promote right to development

III. Fill in the Blanks

1. Economic interdependence
2. Economic environment
3. Economic output
4. Economic downturn
 5. Global economy
6. International Collaboration
7. Universal Respect
8. Fundamental Freedom
9. International Competitiveness
10. Interstate System
11. Collective action
12. Global public goods,
13. Unified standards
14. Global governance
15. Technological risks
16. Globalization
17. Telecommunication
18. Accelerated Globalization.
19. Internet
20. International

IV ESSAY

Communication is a component of globalization. It explains how trade operates in terms of

things like goods, services, capital, technologies, and more. It will also draw in foreign
investors who want to conduct business. However, because of the advanced technology we
developed, globalization is revolving and changing. Thats why we can make trade to
different countries and having good relationship and learning their own culture.