Chapter 1: History of Globalization

Question 1

Globalization can be defined as the process of international incorporation

Answer 1

Murray, 2006

Question 2

For instance, the Silk Road, which connects Asia, Europe and Africa, is an excellent example of the transformative power of global exchange

Answer 2

Brook, 2008

Question 3

__________, ____________, __________, and __________ among other aspects of culture extended and mixed as states swapped ideas and
products.

Answer 3

Language, arts, religion and philosophy

Question 4

Furthermore, the global migration of individuals, goods and thoughts
extended considerably in the 15% and 16ª venturis. As defined above, globalization is an elimination of trade barriers, communication and cultural exchange limitations

Answer 4

Murray, 2006

Question 5

(NAFTA)

Answer 5

North American Free Trade Agreement

Question 6

The __________ has notably been identified as the leader in globalization after the ____________.

Answer 6

United States, World War II

Question 7

What year was (NAFTA) introduced?

Answer 7

1993

Question 8

In ________, the International Monetary Fund acknowledged four fundamental aspects of globalization (Brook, 2008). These aspects include _________, ______________,_______ and _____________

Answer 8

2000
trade and transactions
capital and investment movements
migration
dissemination of knowledge

Question 9

Early in the __________, the developing states augmented their global trade share. However, there was a vast disparity among the major regions in the world in regard to trade and other transactions. Also, the movement of people to different places in the world had a significant impact on the globalization factor.

Answer 9

21st century

Question 10

In addition, ________________is also an integral aspect in globalization (Brook,
2008).

Answer 10

dissemination of information

Question 11

The former president of the United States; ____________ claimed that. they should not be against globalization. However, it is observed that the country is significantly falling behind when competing economically in the global market (Brook, 2008).

Answer 11

George W. Bush

Question 12

Most of the corporations which are located in the ___________ have moved their services to other countries where it is cheap to perform their business.

Answer 12

United States

Question 13

In the modern world, _______________ can be described as a superior political entity which is liable for governing locations that are inhabited by populations with a sense of mutual identity.

Answer 13

the concept of nation-state

Question 14

GDP

Answer 14

Gross Domestic Product

Question 15

In__________, there was a conference that was held by the three allied war leaders. The conference that was known as the Yalta Conference enabled the leaders to agree in the foundation of the United Nations after the 2nd World War.

Answer 15

1945

Question 16

This union is headquartered in ________.

Answer 16

New York

Question 17

The main aim of the United Nations was to focus on _____________, _________, dispute _______, _______________and _____________

Answer 17

international law
disaster relief
resolution
recognition of new states
human rights aspects.

Question 18

The United States practiced a _____________ with the states that it was able to influence

Answer 18

quasi-globalization

Question 19

The United States also promoted _________ among its allies daring the cold war era.

Answer 19

free trade

Question 20

After the ______________ was endorsed, these tariffs became less necessary in the country

Answer 20

16” amendment

Question 21

In the _________, the United States made an attempt to protect the manufacturers who were trying to survive from ___________

Answer 21

1930s, the Great Depression.

Question 22

Therefore, the Congress approved the shocking _____________.

Answer 22

Smoot-Hawley Tariff

Question 23

This conference formed the _____________. Also, this agreement was aimed at enhancing globalization (Brubaker, 1992),

Answer 23

General Agreement on Trade and Tariffs

Question 24

In ___________, the Congress approved the ____________________. This act was prepared to slacken trade agreements and encourage other countries also to do the same.

Answer 24

1934, Reciprocal Trade Agreements Act

Question 25

According to current statistics, the United States has incorporated __________ in the free trade agreements. Later on, they had a conference that involved the World War Il allies in 1944.

Answer 25

17 nations

Question 26

This agreement also led to several multilateral trade meetings. By the end of _____________, __________ had accepted the proposal to create the World Trade Organization.

Answer 26

1993, 117 nations

Question 27

(VOA)

Answer 27

Voice of America