1. Why is economic alliance important in a globalizing world?

2. How do non-state institutions work with the government?

3. What is the ideal relationship between governments and non-state institutions?
4. What are different kinds of financial institutions?
5. What does social development entail?
6. How do non-state institutions promote social development?
7. What are the elements of disaster risk management?

ANSWERS:
1. International trade is streamlined, accelerated, and cost-effective due to the global
alliance. Furthermore, it enhances business performance and significantly
contributes to the expansion of any nation's economy. Living standards and
educational attainment are raised by economic progress.
2. To assist the government in bridging the divide between the state and its citizens,
on-state institutions are established. Non-state institutions provide outcomes that
improve the overall state of the population in order to fulfill their purpose.
3. Governments and State Institutions are entities that are officially recognized and
sponsored by a central state. Non-state institutions are those that function without
the formal approval and support of the state apparatus, although they may receive
some recognition within that formal apparatus. They frequently work together with
the government to carry out projects.
4. Commercial banks are among the different financial institutions and act as wire
transfer payment agents for domestic and international transactions. investment
banks, financial service providers that offer a range of services to industry, and some
governments. insurance firms with a big number of insurances that can pay claims
and make a profit. brokers, middlemen who act as a security in a transaction
between buyers and sellers. Lastly, investment firms or businesses assist people in
managing security portfolios by helping them invest assets or money with other
investors.
5. In order for each member of society to attain their maximum potential, social
development aims to enhance their wellbeing. The welfare of each and every citizen
is correlated with society's success. Developing society requires investing in its
citizens.
6. The improvement of society is the responsibility of non-state institutions. It
encompasses nonprofits, charities, and educational institutions. They assist the
populace by meeting their requirements for health care, education, and other
necessities.
7. Risk identification or assessment, recovery, prevention and mitigation, and
preparedness are the elements of disaster risk management.