Chapter 23 Part 1 Flashcards
Who was a young uneducated woman from Java in Indonesia during the 21st century, who’s husband died, and was made a sex worker, and now works to help others put in that situation?
Memey
By the 1990s, the process of accelerating engagement among distant peoples was widely known as what?
globalization
At a conference where in 1944, the US forged a set of agreements and institutions that laid the foundation for postwar globalization?
Bretton Woods, New Hampshire
At the Bretton Woods conference what agreements and institutions were founded that laid the foundation for globalization?
the World Bank and the INternational Monetary Fund (IMF)
What did the “Bretton Woods system” do?
negotiated the rules for commercial and financial dealings among the major capitalist countries, while promoting relatively free trade, stable currency values linked to the U.S. dollar, and high levels of capital investment
What technological advances also contributed to the acceleration of economic globalization?
Containerized shipping, huge oil tankers, and air express services
What was the economic globalization that took shape in 1970s later known as ?
neoliberalism
What was “reglobalization”?
an immensely significant process which was expressed in the accelerating circulation of goods, capital, and people
World trade skyrocketed from a value of some $57 billion in 1947 to what in 2012?
to about $18.3 trillion
What company of London marketed its 120 blends of tea in more than 100 countries?
Twinings
In 2005 what percentage of Walmart products included components from China?
70 percent
What company replaced General Motors as the world’s largest automaker, with manufacturing facilities in at least eighteen countries?
Toyota
What were the three ways money as well as goods achieved an amazing global mobility?
foreign direct investment, short-term movement of capital (investing in foreign currencies or stock), and personal funds of individuals
In 2012, what company was accepted at some 33 million businesses in 220 countries or territories?
Mastercard
Central to the acceleration of economic globalization have been huge global businesses known as what?
transnational corporations (TNCs)
What company produced Barbie, that quintessentially American doll, in factories located in Indonesia, Malaysia, and China?
Mattel Corporation
What TNCs in 1960s, often were of such an enormous size and had such economic clout that their assets and power dwarfed that of many countries?
Royal Dutch Shell, Sony, and General Motors
By 2000, how many of the world’s 100 largest economic units were in fact TNCs, not countries?
51
What people moved to Great Britain?
Pakistanis, Indians, and West Indians
What people moved to France?
Algerians and West Africans
What people moved to the United States?
Filipinos, Koreans, Cubans, Mexicans, and Haitians