Question

1. Differentiate Global corporation from international corporations?

2. Explain Global Governance?

3. Importance of International financial Institutions of countries of the World?
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Answer 1

Answer:

1. A multinational corporation, or MNC, is a company which produces goods and services and has offices in several other countries while a global corporation or company is a company which also has trade relations with several other countries. 2. MNCs usually pay local workers a lower salary rate than global companies.

2.Global governance is the purposeful order that emerges from institutions, processes, norms, formal agreements, and informal mechanisms that regulate action for the common good. ... Mechanisms of global governance are composed of elements and methods from both the public and private sectors.

3.Although there are various financial institution at the international level whose prime function is either to minimise poverty or aiding in the developmental process, most important among these are the International Monetary Fund (IMF) and the World Bank also referred to as the International Bank for Reconstruction and ...