contem

Question 1

development of worldwide production market. movement of material and goods between and within national boundaries

Answer 1

Industrial Globalization

Question 2

development of worldwide financial market

Answer 2

Financial Globalization

Question 3

freedom exchange goods and capital

Answer 3

Economic Globalization

Question 4

creation of international organizations to regulate the relationship among governments

Answer 4

Political Globalization

Question 5

sharing of ideas, attitudes and values

Answer 5

Cultural Globalization

Question 6

increase of information glows between geographically remote locations

Answer 6

Informational Globalization

Question 7

linking up with local dealers and distributors

Answer 7

first stage

Question 8

the company/institutions takes over these activities on its own

Answer 8

second stage

Question 9

begins to carry out its own manufacturing marketing and sales in key foreign markets

Answer 9

third stage

Question 10

the company/institution moves to a full insider position in these markets

Answer 10

fourth stage

Question 11

the company/institution serves local customer in markets

Answer 11

fifth stage

Question 11

historical process representing the result of human innovation and technological progress

Answer 11

Economic Globalization

Question 12

oldest known international trade route

Answer 12

silk road

Question 13

establishment of galleon trade that connected to manila and acapulco

Answer 13

1571

Question 14

system of global trade with multiple restrictions

Answer 14

Mercantilism

Question 15

an open trade system emerged

Answer 15

1867

Question 16

worst and longest recession ever experienced by the western world

Answer 16

Great Depression

Question 17

currencies that are not backed up by precious metals

Answer 17

Fiat currencies

Question 18

known as the modern capitalist world economy

Answer 18

The modern world system

Question 19

areas that dominate the capitalist world economy and exploit the rest of the system

Answer 19

core

Question 20

it is a residual category that encompass a set of regions and somewhere between exploiting and exploited

Answer 20

semi-periphery

Question 21

relied on coercive labor practices and lacked strong central governments

Answer 21

periphery

Question 22

established after world war II

Answer 22

Bretton Woods System

Question 23

a small tourist spot in the mountain of new Hampshire, USA

Answer 23

Bretton Woods

Question 24

a multilateral organization headquartered in Geneva, Switzerland

Answer 24

World Trade Organization

Question 25

the only global international organizations dealing with the rules of trade between nations

Answer 25

World Trade Organizations

Question 26

created on 1945 which is based in Washington, D.C

Answer 26

International Monetary Fund