COSC 7311 : Learning Unit 2 Global Economy

Question 1

Explain the concept of global economy (2 marks)

Answer 1

The coming together of different economies around the world

Question 2

Explain the concept of division or labour using examples . Also give positives and negatives of it (total about 6 marks)

Answer 2

A group of people that take different tasks to perform the same . Example : cheeseburger : one person for the patty , one for the bun etc . Positive: cheaper to produce goods . Negative : interdependancies

Question 3

Describe what is meant by electronic imperialism ( 2 marks)

Answer 3

The domination of the developing by the developed , with specific reference to electronic communication and media .

Question 4

Explain the term transborder data flow using a local example ( maybe 2 marks)

Answer 4

Literally just the flow of data across borders . Aims to bring benefits for both developed and developing countries but usually favours the developed

Question 5

Critically analyse why developing countries are critical of free flow of communication (about 5 marks)

Answer 5

• Only a few countries get rich via free trade
• US and UK originally had protectionist policies in place
• This led to higher trade tariffs
• Thus free trade isn’t equal to international trade

Question 6

Explain the US centric notion of the Internet

Answer 6

The Unite States overwhelming dominates the internet space