chap 2

refers to the increasing interdependence of world economies as a
result of the growing scale of cross-border trade of commodities and services, flow of
international capital and wide and rapid spread of technologies.

A restructuring process that enables state enterprises to
operate as market-oriented firms by changing the legal environment in
which they operate and can be achieved through reduction of state
subsidies, organizational restructuring of management such as
corporatization, decentralization, and privatization

• The globalization of trade of goods and services
• The globalization of financial and capital markets
• The globalization of technology and communication
• The globalization of production

s a functional integration between internationally dispersed activities which means that it is a qualitative transformation rather than a quantitative change while internationalization is an
extension of economic activities between internationally dispersed activities

state as a compulsory political organization with a centralized government that maintains a monopoly of the legitimate use of force within a certain territory.

a 20th century international philosopher stated that states are independent political communities each of which possesses a government and asserts sovereignty in relation to a particular portion of the earth’s surface and a particular segment of the human population

four concepts of sovereignty

It is based on the principle that one sovereign state should not interfere in the domestic arrangements of another.

It refers to the acceptance of a given state as a member of the international community.

It is the capacity of a state to choose and implement policies within the territory

is the process of uniting European countries through economic, political, social, and legal cooperation