47.
The EMU (the European Monetary Union or the Economic and Monetary Union) has
established the euro, a currency that is used in
48.
Strictly speaking, the impact of the EU on the WTO could be said to be negative, because
49.
The EU’s impact on international business is
50.
Under new institutional theory, institutions can be categorized as formal and informal, and
the informal institutions can be further categorized as
51.
In developing economies, informal institutions tend to play a greater role than in
developed economies, possibly because
52.
This type of institution operates through laws and regulations, with coercion as the
regulative mechanism.
53.
Informal institutions are composed of sets of
54.
The Chinese concept of
guanxi
is an example of
55.
The United Nations is probably the best known among
56.
All member countries belong to the UN’s
57.
The UN’s International Court of Justice is also known as
58.
At the end of World War II, the UN called for the conference that set up the World Bank
and the IMF. This conference was
59.
The common interest of all nations in a workable international exchange rate system
transcends their conflicting international interests is the premise of
60.
The World Bank’s two major institutions are the International Development Association
and the
61.
IDA’s purpose is to loan to
62.
The purpose of the International Financial Corporation (IFC) is to invest in companies and
financial institutions in developing countries to build
63.
The WTO is the only international organization designed to establish and help implement
64.
The first principle of the WTO’s five basic principles is trade without
65.
The idea that WTO members treat all members equally is known as
66.
The Doha Development Agenda is
67.
The benefits of liberalized trade so far have been
68.
The main difference between a free trade area and a customs union is that in a customs
union, there is
69.
The UN Millennium Development goals drawn on
70.
WTO agreement on TRIPS had led to member agreement to
71.
The Doha Round’s discussions are contentious on several major issues, including
72.
Regional trade agreements have been growing
73.
In a free trade area, members drop their tariffs with one another,
74.
When FTA members add shared external tariffs to their agreement, they have formed a
75.
The oldest customs union is
76.
A common markets is a customs union with the addition of
77.
Economic integration
78.
Any kind of economic integration agreement
79.
NAFTA is an agreement among
80.
The last area to drop tariffs in NAFTA was
81.
NAFTA has a carve-out for
82.
Most African countries have their main trade relationships with
83.
This country has dramatically increased trade with Africa, especially in extraction sectors.
84.
The two major developed African economies are
85.
Mercosur or Mercosul is
86.
ASEAN (Association of Southeast Asian Nations) initially was formed in 1967