This theory views the world system as a social system with a cultural framework, which encompasses and influences the international organizations and individuals under it.

In free market economy the government should never interfere at all.

It refers to the increasing integration of economies around the world particularly through the movement of goods, services, and capital across borders.

This kind of company have an investment in many countries but maintain a strong headquarters in one country.

not included in interconnected dimensions of Economic Globalization.

The goal of this agreement was to create an efficient foreign exchange system, prevent competitive devaluations of currencies, and promote international economic growth.

The Philippines is being more industrialized than the peripheral but less industrialized than the core. This statement shows that the Philippines is currently under Semi-peripheral nations.

It refers to an agreement among countries in a geographic region to reduce and remove tariff barriers.It refers to an agreement among countries in a geographic region to reduce and remove tariff barriers.

It protects domestic products. It raises revenue for the Governments. It is viewed as a barrier to free

With the reduction of barriers such as tariffs and import quotas in the process of exchanging goods and services, it significantly _______ the cost of goods sold by the importing countries.

It is often identified with positive values like social protection and the correction of market failures.

This is an international organization that held an annual meeting usually to promote the economic, social and cultural development of the region to protect the stability of its politics and economy against rivalry with enormous power.

In the Degree of Economic Integration, it is the second to the highest degree of economic integration by which labor and capital are included in the trade.

This Institution was established to provide financial assistance and strategic advice to nations profoundly affected by the previous world wars.

It is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people and information.

three perspective in global cultural flow.

against the utility of globalization as an incorrect analytical concept.

It protects domestic products through implementation of tariff.

It is a state of affairs or process involving attempts to combine separate national economies into larger economic regions.

A level of Economic integration wherein country members share one trade policy with non-members.

The products of this company are customized to local preferences, rather than homogenized, limiting the ability to create economies of scale.

It is the process where in its principle usually resolves around Efficiency, Predictability, and technological advancement in production and marketing.

The member of this organization works together to sustain economic growth through a commitment to open trade, investment and economic reform.

This perspective views that the origin of globalization has taken place during the recent changes that happened in the 2nd half of the 20th century.