conworld quiz bee Flashcards

1
Q

the metaphor for the global economy

A

three blind men inspecting an elephant

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2
Q

the increasing interdependence of world economies

A

economic globalization

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3
Q

the cause of economic globalizations are

A

• growing scale of cross-border trade
• flow of international capital
• wide and rapid spread of technology

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4
Q

when populated continents began exchanging products

A

global trade

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5
Q

2 different types of economies associated with economic globalization

A

• PROTECTIONISM
• TRADE LIBERALIZATION

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6
Q

systematic government intervention in foreign trade.

encouraging domestic production.

preferential treatment to domestic product, discrimination against foreign competitors.

A

PROTECTIONISM

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7
Q

comes in the form of quotas and tariffs

A

TRADE LIBERALIZATION

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8
Q

when did trade liberalization started

A

mercantilist era (16th–17th to early industrial revolution) chorev, 2007

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9
Q

the development of our world through the use of earth’s resources

A

sustainable development

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10
Q

they have a multifaceted relationship incorporating economic, political, and technological dimensions

A

globalization and sustainability

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11
Q

it is a global call to action to end poverty, protect earth’s environment and climate, and enjoy peace and prosperity.

A

Sustainable Development Goals (SDGs)

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12
Q

when did the UN adopted a new global plan of action

A

september2015

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13
Q

the new global call to action of the UN is

A

Transforming Our World: The 2030 Agenda for Sustainable Development

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14
Q

how many goals and targets are there in 2030 Agenda

A

17 goals, 169 targets

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15
Q

what are the aims to 2030 agenda

A

people-centered and planet-sensitive change

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16
Q

enjoining government agencies to provide data support to the SDGs

A

PSA Resolution No. 04 Series of 2016

17
Q

The 17 SDGs

A
  1. End poverty/No poverty
  2. Zero hunger
  3. Good health and well-being
  4. Quality education
  5. Gender equality
  6. Clean water and sanitation
  7. Affordable and clean energy
  8. Decent work and economic growth
  9. Industry, innovation, and infrastructure
  10. Reduce inequalities
  11. Sustainable citiea and communities
  12. Responsible consumption and production
  13. Climate action
  14. Life below water
  15. Life on land
  16. Peace, justice and strong institutions
  17. partnership for the goals
18
Q

the cycle damages the environment in a variety of ways

A

environmental degradation

19
Q

this is the result of companies trying to outmanuever their competitors

A

economic and trade globalization

20
Q

they are inextricably linked and we can see how different nations are separated into north, south; developed, underdeveloped

A

globalization and inequality

21
Q

two classification of economic disparity

A

• wealth inequality
• income inequaliy

22
Q

how much is our global wealth today accordin to Global Wealth Report 2016 by the Credit Suisse Research Institure

A

3.5 trillion dollars

23
Q

when did the concept of splitting countries into north and south started?

A

mid 20th century cold war

24
Q

who classified the world into groups in terms of first world, second world, and third world?

A

western politicians

25
Q

the three different political and economic blocs

A

• first world
• second world
• third world

26
Q

western capitalist

A

first world

27
Q

soviet union

A

second world

28
Q

everyone else

A

third world

29
Q

how many countries are there in third world

A

over 100 countries

30
Q

who classified the world into group based on their economic production levels

A

social scientists

31
Q

GDP

A

Gross Domestic Product

32
Q

GNI

A

Gross National Income