Chapter 9

Question 1

What is globalization?

Answer 1

increased interconnectedness and dependence among countries, economies, and societies

Question 2

Imperialism

Answer 2

the economic domination of one country by another

Question 3

Global community chain

Answer 3

a worldwide network of labor and production processes

Question 4

Colonialism

Answer 4

direct political control of one country by another

Question 5

Glocalization

Answer 5

adaption to global products, ideas, and services to fit local cultures

Question 6

Regionalization

Answer 6

the division of the world into different/competing economic, political, and cultural areas

Question 7

McDonaldization

Answer 7

the principles of the fast food restaurant come to dominate various sectors of society

Question 8

Dependency theory

Answer 8

economic underdevelopment is a result of exploitative relations between rich and poor countries

Question 9

Modernization theory

Answer 9

economic underdevelopment results from dysfunctional characteristics of poor societies

Question 10

Core capitalist countries

Answer 10

rich countries that are major sources of capital and technology

Question 11

Peripheral capitalist countries

Answer 11

former colonies that are poor and are major sources of raw materials and cheap labor

Question 12

Semi-peripheral capitalist countries

Answer 12

former colonies that are making headway in their attempts to industrialize

Question 13

State capitalist countries

Answer 13

businesses compete internally and on the world market but are under the ultimate control of the country’s ruling party

Question 14

Sources of globalization

Answer 14

-technology
-politics
-economics

Question 15

Neoliberal globalization

Answer 15

promotes private control of industry with minimal governmental interference in the running of the economy