Theme 6. International economic policy

The basic questions of theme:

1. Internationalization of economic development.

2. Place of international economic policy in the system of international relations.

The reasons and factors of necessity and possibility of the world economy regulation.

3. The purposes of international economic policy and institutes of its regulation.

Answer the questions:

1. What tendencies are typical for the modern system of international economic relations?

2. What is internationalization of economic development (of economic life)?

3. Name the basic forms of internationalization.

4. Give the definition of the concepts “internationalization of production”, “internationalization of scientific and technical researches’ and “internationalization of capital”.

5. What is the process of economic transnationalization?

6. What is international economic integration?

7. Give the definition of the concept “globalization”.

8. What reasons stipulate the necessity to regulate international economic relations?

9. What is international economic policy?

10. How is the international regulation of the world economy carried out on?

11. What are the main purposes of international economic policy?

12. What are the main common functions of international institutes, pursuing international economic policy?

13. What types of international organizations do you know if we classify them on their functions?

14. What types of international organizations do you know if we classify them depending on the sphere of international economic relations?

15. Give short description of WTO.

16. Describe the essence of MAGI (in brief).

17. What are the basic functions of IMF?

18. Give short description of IOL.

19. What specialized institutes of UNO do you know?

20. Why are international economic relations considered to be the basic element of modern system of international relations?

Choose the correct variant:

1. Internationalization of economic development is illustrated by the following:

a. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

b. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

c. exchange of scientific and technological achievements between the countries;

d. the process of interlacing and pooling of national capitals. As the result of this process separate companies create economic objects in other states, international forms of communication and contracts between capitals of different countries get their development;

e. the process when a part of economic relations is transferred across the border of national state;

2. Internationalization of manufacture is:

a. the process when a part of economic relations is transferred (moved) across the border of national state;

b. establishment of relations between the enterprises of various countries. As the result of this process production in one country becomes a part of international or the world scale process;

c. process of economic and political association of the countries;

d. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

e. there are no correct variants;

3. Internationalization of scientific and technical researches is the process of:

a. selling of patents and licenses at the world market;

b. application of innovations in various countries;

c. exchange of scientific and technological achievements between the countries;

d. development of new technologies abroad;

e. scientific and technical cooperation of joint ventures;

4. Internationalization of capital is:

a. the process of export of capital across the border of national state;

b. the process of import of foreign capital on the territory of the national state;

c. sale of economic objects to foreign investors;

d. the process of interlacing and pooling of national capitals;

e. A) and D) are correct variants;

5. Economic transnationalization is:

a. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

b. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

c. exchange of scientific and technological achievements between the countries;

d. the process of interlacing and pooling of national capitals. As the result of this process separate companies create economic objects in other states, international forms of communication and contracts between capitals of different countries get their development;

e. transfer of a part of economic relations across the border of the national state;

6. International economic integration is:

a. the process of economic and political association of countries on the basis of development of deep and steady contacts and division of labour between the national economies, interaction of their production structures at various levels and in various forms;

b. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

c. transfer of a part of economic relations across the border of the national state;

d. all variants are correct;

e. there are no correct variants;

7. Globalization is:

a. rapprochement of national economies revealing itself in growth of industrial interdependence, international commodity circulation, movement of capitals and labor;

b. the process of inclusion in the system of international communication and relations of all countries of the world community;

c. the process of economic and political association of countries on the basis of development of deep and steady interrelations and division of labour between the national economies, interaction of their production structures at various levels and in various forms;

d. all variants are correct;

e. there are no correct variants;

8. The system main purpose of which is settlement of global economic problems is:

a. international law;

b. international political regulation;

c. international economic policy;

d. international ecological policy;

e. international social policy;

9. To the basic general functions of the institutes regulating international economy do not belong:

a. assistance;

b. surveillance;

c. supervision;

d. control

e. regulation;

10. To the group of consulting international organizations belong the following:

a. The United Nations Organization;

b. IMF;

c. International Labor Organization;

d. International Bank for Reconstruction Development;

e. The G. Seven

11. The basic functions of WTO are:

a. conducting of multilateral trade negotiations;

b. creation of equal conditions for education and training;

c. assistance to settlement of trade disputes;

d. A) and C) are correct variants;

e. all variants are correct;

12. To the basic functions of International Labour Organization do not belong the following:

a. assistance to development of national programs directed on full employment and growth of the standard of living;

b. creation of equal conditions for education and training;

c. cooperation with other international organizations in the sphere of commercial policy;

d. improvement of working conditions, public health services and life;

e. recognition of the right to negotiations and cooperation between management and work-staff;

13. To the basic functions of IMF do not belong:

a. supervision over the policy of the member countries on rates of exchange establishment, macroeconomic policy and development of international economy;

b. granting of financial help to the countries for settlement of debts, regulation of state budget and balance of payments;

c. granting of technical help in the sphere of state finances, bank statistics and balance of payments regulation;

d. there are no correct variants;

e. all variants are correct;

14. To the basic purposes of international economic policy do not belong:

a. global problems solving;

b. formation and maintenance of the system of international safety;

c. increase of efficiency and levels of economic, social and cultural development of the world community and each country separately;

d. peaceful settlement of conflicts and disputes;

e. there are no correct variants;

15. The international association of private creditor banks is:

a. The London club;

b. The Paris club;

c. European Bank for Reconstruction and Development;

d. The World Bank;

e. there are no correct variants;

16. The international association of the governments of creditor countries is:

a. The London club;

b. The Paris club;

c. European Bank for Reconstruction and Development;

d. The World Bank;

e. there are no correct variants;

17. Which states are the members of European Economic Community?

a. Belarus, Russia;

b. Belarus, Kazakhstan, Russia;

c. Belarus, Kazakhstan, Russia, Ukraine;

d. Belarus, Georgia, Kazakhstan, Russia, Ukraine;

e. Belarus, Georgia, Kazakhstan, Moldova, Russia, Ukraine;

18. Which states are not the CIS members?

a. Kazakhstan;

b. Latvia;

c. Poland;

d. Armenia;

e. B) and C) are correct variants;

19. The Commonwealth of Independent States exists on the territory of:

a. former USSR;

b former ChSSR;

c. former SFRY;

d. former GDR;

e. former China People's Republic;

20. Ukraine is the member of the following international integration unions:

a. European Economic Community;

b. the CIS;

c. Black Sea Economic Cooperation Organization;

d. Central European Initiative;

e. A), B) and C) are correct variants;