Contemporary World Module 2

It is the wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

It is a corporation that has headquarters but also does business overseas and might have a large presence in multiple areas.

• Global Corporation

• International Corporation

_____ Economy is simply an aggregate of the separate country's measurements.

It is concerned on the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations, and labor.

• Global Economy

• World Economy

• Economy

• Market

_____ Econonomy refers to the international exchange of goods and services that is expressed in monetary units of money.

This refer to the division of labor in the modern world system, where it consist of three zones; the core, semi-periphery, and periphery. It is called the ______ _________ system.

It is an indicator that explains how much different markets are related to each other.

• Globalizaton

• Market Integration

• Modernization

• Economic Globalization

It is one that has significant investments and facilities in multiple countries but lacks a dominant headquarters.

• Global Corporation

• International Corporation

Which does not belong to the group?

• Periphery

• Semi-Periphery

• Core

• Semi-Core

It is an international organization of countries set up in 1945, in succession to the League of Nations, to promote international peace, security, and cooperation.

• World Trade Organization

• World Health Organization

• United Nation

• North Atlantic Treaty Organization