Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

2C PRELIMS > CONTEMPO > Flashcards

CONTEMPO Flashcards

1
Q
  • The spread of worldwide practices, relations, consciousness, and organization of social life
A

GLOBALIZATION (Ritzer, 2008)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q
  • A phenomenon gave rise to the interconnectedness of human society that replaced the sovereign state system with a multilateral system of governance
A

GLOBALIZATION (Rosenberg)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q
  • The changes in contemporary societies and the current world economy that is largely influenced by heightened cross-border trades, investments, and cultural exchanges
A

GLOBALIZATION (De Guzman, et. Al, 2020)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Qualities and Characteristics of Globalization
- According to Held and McGrew (2002),

A
  • Creation and Multiplication- Breaking traditional norms and practices
  • Expansion and Stretching- Connection
  • Intensification and Acceleration- Access
  • Consciousness and Awareness- Borderless
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

 Concepts and Ideas Associated with Globalization

A
  • Free Trade
  • Mass media
  • Technology and Internet
  • Social Media and Social Networking
  • Terrorism
  • Migration
  • Capitalism
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

the economic model systems

A
  • Traditional Economy
  • Command Economy
  • Market Economy
  • Mixed Economy
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q
  • Heavily dependent on agriculture
  • People tend to barter
  • Economic decisions are often made based on long-held customs (traditions), beliefs, or habits.
A

Traditional Economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q
  • Government planning groups make the basic economic decisions
  • They determine such things as which goods and services to produce, the prices, and wage rates
  • Individuals and corporations generally do not own businesses
A

Command Economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q
  • Economic decisions are made by an individual, rather than a government
  • Production decisions are guided by changes in prices that occur between individual buyers and sellers in the marketplace
A

Market economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q
  • A combination of the market and command economy
A

Mixed Economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q
  • Is as system of ideas or ideals, especially one that forms the basis of economic or political theory and policy
A

IDEOLOGY

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

3 Economic Ideologies

A

MERCANTILISM, LIBERALISM, STRUCTURALISM

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

it focuses on state efforts to accumulate wealth and power to protect society from physical harm of the influence of other states

A
  • MERCANTILISM
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

focuses on private sector/ individual

A

LIBERALISM

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

the state controls the economy. Focuses on monetary, fiscal, etc.

A

STRUCTURALISM

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q
  • It refers to a free market world
A

MARKET GLOBALISM

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q
  • 6 Major Ideas of Globalization by Stager (2005)
A
  • Globalization is about the liberalization and integration of markets
  • Globalization is inevitable and irreversible
  • Nobody is in charge of globalization
  • Globalization benefits everyone in the long run
  • Globalization furthers the spread of democracy in the world
  • Globalization requires global war on terror
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q
  • It upholds an alternative vision of globalization based on egalitarian ideals of global solidarity and distributive justice
  • Liberalization leads to great inequalities, environmental destruction, escalating conflict and violence, the proliferation of self- interest, and marginalization of the powerless around the world
A

 Justice Globalism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

states that globalization is inevitable

A

Justice Globalists

20
Q

IDELOGIES OF GLOBALIZATION

A

Market Globalization
Justice Globalization
Religious Globalization

21
Q

Types of Globalization

A
  • Financial
  • Economic
  • Technological
  • Political
  • Sociological
  • Cultural
  • Ecological
  • Geographical
22
Q
  • Are the rules of structural social interaction (formal and informal) that structure the incentives in human exchange either economically, political, or social
A

Institutions

23
Q

Institutions are ___________, ________________________

A

man-made, non-technological

24
Q

Consists of norms, set of activities, and regulative structures that provide meaning and stability to the social behavior of a group

A

Institutions

25
Q

How Institutions are formed

A

Social Conflict Perspective
Developmental Perspective

26
Q

institutions are formed because societies choose those institutions that will maximize social surplus

A

Social Conflict Perspective

27
Q

institutions form and emerge from within countries over time and that economic, political, social development cause institutions to change

A

Developmental Perspective

28
Q

Institutional and Development Outcomes

A

Provide incentives or place restrictions
Reducing the cost of doing business- ease the effectiveness of transactions
Ensuring competitive processes- ensures efficiency

29
Q

refers to mutual dependence between countries on a global scale

A

Global interdependence

30
Q
  • Is a network of labor and production processes whose end result is a finished commodity
A

Commodity Chain

31
Q

Dependency Theory involves what countries

A

Core and Peripheral Countries

32
Q

World System Theory involves what countries

A

core, peripheral and semi-peripheral

33
Q

advanced countries/ industrial

A

Core Countries

34
Q

dependent states/ rely on the export of product

A

Periphery Countries

35
Q

either core and periphery (did not dominate in international trade and do not benefit same as core)

A

Semi-periphery Countries

36
Q

capital and technology driven like multinational corporations (core countries)

A

Producer Driven

37
Q

labor intensive and low technology (periphery)

A

Buyer Driven

38
Q

Countries that prioritize design and marketing

A

Core

39
Q

Countries that prioritize Investment, quality control, financing and shipping

A

Semi-periphery

40
Q

Countries that involve low wage earner

A

Periphery

41
Q

International Organization and Transnational Corporation

A

WORLD BANK
IMF
FDI

42
Q

is financed by developed countries

A

WORLD BANK

43
Q

IMF

A

INTERNATIONAL MONETARY FUND

44
Q

FDI

A

FOREIGN DIRECT INVESTMENT

45
Q

refers to property rights, legal systems, rule of law, and the constitution of the country. Ex. Laws & standards. Invite or discourse investors

A

Formal Institution

46
Q

refers to how individuals behave in everyday life in terms of their belief, history, culture and etc. Economic development is influenced by behavior

A

Informal Institution

2C PRELIMS (16 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions