1. What is the role of international financial institutions in the creation of global economy?

 International financial institutions, including the World Bank and other regional
developmental banks are the ones who sustain developmental goals. Their role is to help
build the economy in better ways or improve its economic state. This role includes advising
on developmental project, funding them and assisting in their implementation. The main
mission of these institutions is to provide global long-term financing for economic
development.
2. What are the attributes of global corporation around the world?
Features of Global Enterprises:
 Huge Capital Resources –These global enterprises should have huge financial sources and
have the ability to raise its fund in different sources. If they can raise their funds investors in
the host county are willing to invest to them because they are highly credible in the market.
 Foreign Collaborations –Expanding reach beyond their borders also entering into foreign
agreements. These agreements are made in respect in sale of technology, production of
goods, patents, resources and etc. of the host country.
 Advanced Technology –When expanding enterprises should have advanced technology for
production and that technology should pass the MNCs international standard and quality
specifications.
 Product Innovations –These companies should possess efficient teams doing research and
developments at their own Research and Development centers. The main goal is to create
or innovate with existing products that should fit the manners and need of the host
counties.
 Expanding of Market Territory –Enterprises expand their market territory. They occupy
dominant positions in various markets by operating through branches in host counties.
 Centralized Control –Even though they continually expanding their operations by putting
branches all over the host countries they should always follow polices and framework from
their Head Office (HO) or parent company.
3. How global market integration in the twentieth century does take place?
 In 19th to 20th century market integration becomes more dominant as technological factors
arrived. Starting from railroads and marine steam engine that revolutionized world
transport. A steamship that connects world’s ports to each other, and roads in land that
makes world transport much faster. Freight rates fell makes the carrying of goods across the
world much cheaper. This technological advancement makes the market integration more
efficient and continued to be active until present times.
4. What are the impacts of the history of global market integration in the twentieth century?
 In our own understanding history of the global market integration contribute a great impact
to the global integration in 20th century or even today. As we study history itself we can
foresee events and other strategies that can make the market more integrated by learning
from the past or having such ideas from the past we can make new ideas that will benefit
the world in the future.