Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explain each completely & briefly 1. How Globalization is defined? Enumerate the functions of the General Agreement on Tariff and Trade (GATT) and the World

Explain each completely & briefly

1. How "Globalization" is defined? Enumerate the functions of the General Agreement on Tariff and Trade (GATT) and the World Trade Organizations (WTO)? Why did Globalization superseded, took the place and even replaced "Communism" during the 1941-1991 Cold War between the Union of Soviet Socialist Republics (USSR) and the United States of America and its Western Liberal allies? Why World Trade Organizations (WTO) is more important in Globalization than communism, Islam and NAZI Racism? What is the meaning of "Ummah" in Islam? When globalization replaced the communism of the Soviet Russia in 1991, do you think Islam and the Islamic radicals like the ISIS, Taliban and Jihadists could defeat and replaced Western Liberals of USA, Canada, European Union , Australia and New Zealand as proponents of globalization? Why? Or why not?

2. What is Regional Economic Integration also known as "Trade Blocs"? Do you think that Regional Economic Integration would be a help or an obstruction to globalization of the world economy? With the use of your internet search, describe briefly thefive (5) Stages of Regional Economic Integration or Trade Blocs?

3. With the use of your internet search, describe briefly the following treaties related to the history of the European Union:1951 Treaty of the European Coal and Steel Community, 1957 Treaties of Rome, 1965 Merger Treaty-Brussels Treaty, 1986 Single European Act, 1992 Treaty on European Union- Maastricht Treaty, 1997 Treaty of Amsterdam and Treaty of Nice 2001.Describe briefly the following institutions of the European Union in their Stage of Market Integration: 1.) The European Parliament, 2.)European Council,3.) Council of the European Union, 4.) European Commission, 5.) Court of Justice of the European Union, and 6.) The European Central Bank. Do you think the European Union given its high stage of market integration could be a role model of the globalization of world economy and eventually global government for all the 195 countries of the world? Why? Or why not?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

7th edition

134738314, 9780134738116 , 978-0134738321

More Books

Students also viewed these Economics questions

Question

Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

The role of life: It consists of your own service to yourself.

Answered: 1 week ago