CONTEMPO

Question 1

people and organizations advocating for positive change through a variety of means and approaches.

Answer 1

Social Movement

Question 2

exchange of goods or products between nations without tariff or taxes.

Answer 2

Free trade

Question 3

loosening or lifting of government regulations, usually to favor private corporations‟ flexibility of operations and profitability.

Answer 3

Deregulation

Question 4

process or policy of removal or reduction of restrictions or barriers on the free trade between nations

Answer 4

Liberalization

Question 5

refers to the existence of free exchange of goods, services, culture, and even people, between and among countries.

Answer 5

Globalization

Question 6

the term globalization has been used in both popular and academic literature.

Answer 6

1960s

Question 7

According to, Globalization is a contested concept used to describe a process, a condition, a system, a force and an age.

Answer 7

Manfred Steger

Question 8

Globalization is the closer integration of national economies through trade and financial flows as well as cross- border migration of people.

Answer 8

United Nations Conference on Trade and Development

Question 9

What are the Four Freedoms?

Answer 9

Goods or Products
Services
Capital or Investment
Persons

Question 10

Are economic processes that typically require special laws and/or policies.

Answer 10

Liberalization and Deregulation

Question 11

modern globalization jumpstarted by 20 nations that signed the General Agreement on Tariffs and Trade (GATT).

Answer 11

October 30, 1947

Question 12

primarily aims to regulate international trade.

Answer 12

General Agreement on Tariffs and Trade

Question 13

global international organization that deals with trade between nations.

Answer 13

World Trade Organization

Question 14

According to him, Globalization is not static, but a dynamic ongoing process.

Answer 14

Thomas Friedman

Question 15

Globalization is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.

Answer 15

British Broadcasting Corporation

Question 16

He explained the “early globalization in the last two decades of the 19th century

Answer 16

Benedict Anderson

Question 17

According to him, a clear distinction must drawn between the inter-national and the global because some writers appear to use the two terms interchangeably”

Answer 17

Leslie Sklair

Question 18

refers to processes and system that pertain to relationships between nation-states

Answer 18

Internationalization

Question 19

is broader and more complicated than internationalization.

Answer 19

Globalization

Question 20

Dominant economic framework and system in many parts of the world today.

Answer 20

Capitalism

Question 21

Claiming that “free markets and trade will set free the creative potential and the entrepreneurial spirit.

Answer 21

Neoliberalism

Question 22

defends its adherence to neoliberal capitalism

Answer 22

Pro-Globalization

Question 23

wants an end to what it considers as a highly imbalanced system of globalization that favors the First World over Third World, corporations over citizens and communities, and profit seeking over environmental sustainability.

Answer 23

Anti-Globalization Side

Question 24

latter favors the current system of globalization to make it more humane, more pro-environment, and more grassroots-driven rather than staying as a top-down imposition.

Answer 24

Alter-Globalization Current

Question 25

Free exchange of goods and services need swift communication, hence the need to learn as many languages as possible.

Answer 25

MULTICULTURALISM AND MULTILINGUALISM

Question 26

Reduces cost on selling products almost worldwide provided huge profits for a number of big transnational corporations, and resulted in cheaper prices of some consumer goods such as cellphones and computers.

Answer 26

Free Trade

Question 27

The rise of multilingualism inevitably leads to the study of diverse cultures and eventually, more educational exchanges such as EU‟s Erasmus Mundus Program between universities in all continents.

Answer 27

Cultural and Education exchanges

Question 28

Citizens can freely visit and work in any country and Third World migrants can relatively easily find jobs in and eventually migrate to more developed countries.

Answer 28

Migration

Question 29

Globalization’s rules and mechanisms are created and governed by global entities such as WTO- where almost countries are represented, encourage global cooperation on many issues ranging from climate change and poverty eradication.

Answer 29

Global Corporation

Question 30

Globalization compels other countries to use English language, even prioritizing it over their own national languages.

Answer 30

LINGUISTIC HEGEMONY OF ENGLISH

Question 31

Big corporations such as fast-food chains dominate markets in many countries because of their enormous financial power and presence in almost every country.

Answer 31

Cultural Homogenization

Question 32

Despite globalization’s obvious contribution to the successful leap of some countries from Third to First World status, more Third World countries still complain that the current setup favors developed countries more.

Answer 32

Third World Dependence on the First World

Question 33

As only the biggest corporations seem to benefit from stiff competition and unbridled free trade.

Answer 33

Global Income and Wealth Inequality

Question 34

Under globalization, countries compete for foreign investments and are forced to lower corporate taxes.

Answer 34

Tax Injustice

Question 35

As corporations in many First World countries hire more migrants to save on wages, First World working-class citizens complain about being left behind in their own countries, hence partly fueling the rise of racism and anti- migrant sentiment.

Answer 35

Racism and Anti-Migrant Sentiment