1.

Global Market Integration

It occurs when prices among different locations or related goods follow similar
pattern for over a long period of time. Groups of goods often move proportionally to each
other and when this relation is very clear among different markets it is said that the
markets are integrated.

2. What is this development bank?

It is a national, or regional financial institution designed to provide medium-and

long term capital for productive investment, often accompanied by technical assistance, in
poor countries.

3.What is the role of IMF or International Monetary Fund?

The IMF’s fundamental role is to help ensure stability in the international system. It
does so in three ways: keeping track of global economy and the economies of member
countries; lending to countries with balance of payments difficulties; and giving practical
help to other members.