Professional Documents
Culture Documents
ACTIVITY 2.4
I. IDENTIFICATION
1. David Held. Anthony Mc Grew D. Goldblatt and J. Perration
2. Andre Gunder Frank And Barry Gills
3. Peter Frankopam
4. Dennis Flynn and Arturo Giraldez
5. Imanuel Wallerstein
II. True or False
1. True
2. False
3. True
4. False
5. False
III. Compare and Contrast
1. Gold Standard System and Bretton Woods System
The Bretton Woods system was distinct because it had a fixed exchange rate, but the gold standard
has a floating exchange rate system. Under the Bretton Woods system, currencies are linked to
dollars, whereas under the gold standard, they are pegged to gold.
2. Producer-driven commodity chain and Buyer-driven commodity chain.
Since many supply chains, including those in the automotive and aerospace industries, need
capital- and technology-intensive production supported by economies of scale, producer-driven
industries have high entrance barriers. By contrast, buyer-driven industries have low entry barriers
thanks to the roles of design and marketing.
IV essay
1. How did digitalization transform the operations of global corporations?
Digital transformation refers to a company's widespread adoption of digital technologies. It has a
significant effect on how a company runs its operations. Digital transformation helps businesses of
all sizes update antiquated processes, speed up operations, strengthen security, and increase
profitability.
The majority of organizations amass vast amounts of consumer data, but the true benefit comes
from utilizing this data for analysis that can advance the company. A system for acquiring the
appropriate data and fully incorporating it for business intelligence at a higher level is created via
digital transformation.
It develops a method by which multiple functional divisions within a company can convert raw data
into insights across numerous touch points. This results in a single picture of operations,
production, finances, and commercial prospects for the customer journey.
2. How do trade barriers affect market integration?
Producers are heavily reliant on how their government views a potential trading partner. Producers
are likely to encounter a significant trade barrier preventing them from importing or exporting to
the other country if their governments are at odds. Furthermore, trade restrictions frequently
favor wealthy nations. This is because wealthy nations establish international standards and
policies. Naturally, the nation setting the standards will benefit from them. Due to the progress
backwards this causes, poor countries can suffer greatly.
Activity 3.1
1. Essay
World trade, even more quickly expanding DFI, increasing interdependence among national capital
markets, global production concentration in a relatively small number of transnational firms that
produce for international rather than national markets, and technological change with ever-
increasingly quick and extensive information flows across borders. Despite a general commitment
to the market process in many, if not most, nations, the remarkable growth we have witnessed in
the post-war years in both the global economy and inside individual nation states has in part
mirrored the formation of these regimes.
2. Enumeration
A nation-state is a type of political, cultural, and geographic structure. Through the examples
given, you can learn about its characteristics, the meanings of nation and state, the history of the
nation-state, and how to recognize nation-states.
Activity 3.2
1. A 6. E
2. B 7. C
3. I 8. D
4. G 9. J
5 .F 10. H
Activity 3.3