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Social media refers to the means of interactions among people in which they create, share,
and/or exchange information and ideas in virtual communities and networks.
The General Agreement on Trade in Service (GATS) is the first
multilateral agreement covering trade in service which was negotiated
during the last round of multilateral trade negotiations, called the
Uruguay Round, and came into force in 1995. It provides a frame work
of rules governing services trade, establishes a mechanism for countries
to make commitments to liberalize trade in services and provides a
mechanism for resolving disputes between
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General Agreement on Trade in Services
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Economic Integration
Economic Integration can be described as a process and a means by which a group of countries strives
to increase their level of welfare. It is an arrangement between different regions that often includes the
reduction or elimination of trade barriers, and the coordination of monetary and fiscal policies.
Financial market integration: Integration of financial markets is a process of unifying markets and
enabling convergence of riskadjusted returns on the assets of similar maturity across the markets. The
process of integration is facilitated by an unimpeded access of participants to various market segments
Transnational activism
Transnational activism can be defined as the mobilization of collective claims by actors located
in more than one country and/or addressing more than one national government and/or
international governmental organization or another international act
Global Corporation
Global Corporation is a large company that operates in many different countries.
Global corporations in a sense are multinational corporations having many units
operating, in overseas countries.
MARKET INTEGRATION
Market integration provides a number of social benefits, including broadening the range of
financial services and investment opportunities available to consumers and increasing
competition in the provision of those services. In addition, integrated financial markets act as
private risk-sharing mechanisms that facilitate the smoothing of both economic and financial
cycles in domestic economies.
Complete Economic Integration is the final stage of economic integration in which member
states completely forego independence of both monetary and fiscal policies. States that
participate in complete economic integration have no control of economic policy including
economic trade rules.
NEO-FUNCTIONALISM
Neo-functionalism focuses on the supranational institutions of the EU which the main driving forces
of integration are interest group activity at the European and national levels, political party activity,
The United Nations is an intergovernmental organization aiming to maintain international peace and
security, develop friendly relations among nations, achieve international cooperation, and be a
center for harmonizing the actions of nations. It is the world's largest, and most familiar, international
organization.