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Structures of Globalization
Name: Ever A. Pudaadera Code: P495
Course: BSCrim-1 Block: BLK-2
1. What is the importance of international financial institutions to countries of the
world? International financial institutions are important to multiply countries in the world especially for those developing countries to aid the financial problems of their country. Because of the international financial institutions that offers a loan for financial needs of one’s country it comes to monetary problems. For example, the Philippines that is belong to developing country, when the Yolanda disaster cause the Philippines in its devastating state and in needs some financial support to help the people affected by typhoon, the country can have a loan from the international financial institution like the world bank to give some support to the people affected by typhoon .
2. Why do countries want to be a member of the United Nation Organization?
Many countries want to be part of the United Nation Organization because of the benefits that they can get whenever they will be a part of the organization. Benefits like protection against intruders to their homeland/boundary, financial needs, support from different institution under by United Nation Organization and to have a good relationship to other countries, etc.
3. What is the significance of global corporation?
The significance of global corporation is to expand the production of export and import of the product to multiple countries and the investment of a global corporation is a big help the economy of the country were it chose to be invested. Perhaps, there is a possibility that a global corporation doing business for example in the Philippines can cause a positive and negative effect to the country. In positive effect, the labors and works to the country will increase, higher taxes and higher wage labor causes by global corporation while it will affect the small local businesses of the country.