KÜRESEL POLİTİK EKONOMİ - Deneme Sınavı - 5

The European Commission: In addition to being the guardian of the law of the Union, it is the executive body.

Afghanistan, Belarus, Iran and Mongolia have had observer status as of September 2017.

The establishment of the WTO took place in the Uruguay Round two years after 1991, when the USSR was officially dismantled. The agreement signed for the establishment of the ITO was not achieved, and in 1995, it gained an institutional structure and became the WTO. It has a total of 159 members throughout the world and has many agreements and protocols.

NAFTA does not address exchange rates and monetary policies, does not include the implementation of common customs tariffs against third countries, but does not intend to establish a Central Bank between the three countries.

The highest decision-making body of the OECD is the Council.

As it can be understood from the figures only, the 2008 Mortgage Crisis is considered to be the first Global Crisis to take the whole world under influence (Kutlu & Demirci, 2011: 125-127). The correct answer is C.

Multinational Corporation: It is the corporation whose managers distribute their corporation resources regardless of their country’s identity in order to profit. Transnational Corporation: Although it is a multinational corporation, it is the corporation in which shareholders and managers have different nationalities.

1997 South East Asian Crisis This crisis, which began in Thailand in 1997, expanded its sphere of influence by expanding into Taiwan, Singapore, Hong Kong and South Korea, which are called the Asian Tigers. The correct answer is B.

Moratorium: The Borrower declares that they cannot pay all or part of their debts due to the loss of their ability to pay. The correct answer is D.

In general, situations of recession, inflation and deflation are considered as the economic crisis.

Inflation: A continuous increase in the general price level of goods and services

Real Sector Crises: Contraction in production or employment in the field of goods and services.

During a financial crisis, we have a reduction of the portion of capital evaluated in real production, not a rise.

Current Account: Real exchange rate, current
account balance, foreign trade balance,
export and import, export price indices,
savings and investments,

Government change is not an institutional-structural factor.

Unemployment crisis is a real sector one.

All of them are true.

USA and Russia were at the opposite ends of the cold war.

2008 was the year of the Global Financial Crisis.

The Cold War period has three defining characteristics in terms of the international system. The first is a bipolar ideological conflict based on the hegemony of the United States (US) and the Union of Soviet Socialist Republics (USSR), referred to as superpowers, on the axis of the East - West block which determines the international system. The Western Bloc consists of industrialized capitalist Western European countries in the hegemony of the United States, including Australia, Japan, Canada and New Zealand. After World War II, the US adopted an international system dominated by free trade and liberal international economic order. The Eastern Bloc is composed of the Marxist states in Eastern Europe in the hegemony of the USSR, including “satellite states”.

These blocks aroused with NATO and the Warsaw Pact and laid the foundation of the Cold War. The ideological conflict that determined the Cold War revolved around the third world countries (the underdeveloped countries in the Southern Hemisphere), which have been trying to obtain their independence from colonialism since 1955, with the help of foreign aid or the direct military intervention, to take the influence of their own blocks.

Therefore, the correct option is E.