ADM 3318 Chapter Notes - Chapter all: Single European Act, National Accounts, Speculative Attack
Document Summary
Globalization: refers to the shift toward a more integrated and interdependent world economy. The globalization of markets: globalization of markets: refers to the merging of historically distinct and separate national markets into one huge global marketplace. General agreement on tariffs and trade (gatt): international treaty that committed signatories to lower barriers to the free flow of goods across national borders and led to the. World trade organization (wto): the organization that succeeded the general agreement on. Tariffs and trade (gatt) as a result of the successful completion of the uruguay round of gatt negotiations. International monetary fund (imf): international institution set up to maintain order in the international monetary system. World bank: international institution set up to promote general economic development in the (cid:449)o(cid:396)ld"s poo(cid:396)e(cid:396) nations. United nations: an international organization made up of representatives from 193 countries. It is headquartered in new york city, and was formed in 1945 to promote peace, security, and cooperation.