CTCW Flashcards

1
Q

refers to the process of interaction and integration among people, companies, and governments worldwide. This process has increased due to advances in transportation and communication technology.

A

Globalization

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2
Q

impacts culture, politics, the environment, and economics by connecting different parts of the world.

A

Globalization

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3
Q

is a wide-ranging phenomenon affecting all aspects of life, overcoming borders between countries and making the world more interconnected.

A

Globalization

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4
Q

Who said that globalization means the onset of a “borderless world” where national boundaries don’t stop the movement of goods, people, and ideas

A

Kenichi Ohmae

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5
Q

Who talks about globalization as the internationalization of production and labor, meaning that factories or workers may be located in different parts of the world.

A

Robert Cox

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6
Q

Barriers like geography (mountains, oceans) prevent things from moving easily.

A

Solidity

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7
Q

How things (goods, ideas, people) move freely across the globe.

A

Liquidity

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8
Q

The constant movement and exchange of people, goods, and information between countries.

A

Flows

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9
Q

Connecting the world’s financial systems, like stock markets.

A

Financial Globalization

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10
Q

worldwide economic system that permits easy movement of goods, production, capital, and resources (free trade)

A

Economic globalization

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11
Q

Using technology (internet, smartphones) to connect people globally.

A

Technological Globalization

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12
Q

Countries adopting similar laws or governments to interact better

A

Political Globalization

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13
Q

merging of world’s cultures e.g. food, entertainment, and language

A

Cultural globalization

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14
Q

Viewing the Earth as one ecosystem and addressing environmental issues globally.

A

Ecological Globalization

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15
Q

belief that all humans are global citizens, deserving the same rights.

A

Sociological Globalization

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16
Q

Globalization is driven by the free market and individual freedom. It happens because people want to improve their lives and have access to better goods and services.

A

Liberalism

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17
Q

Focuses on how powerful countries (like the US or China) compete for control. Globalization is just another way countries try to expand their influence.

A

Political Realism

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18
Q

Argues that globalization increases inequality by allowing rich countries to exploit poor ones. The global economy is built to benefit the wealthy.

A

Marxism

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19
Q

way people have constructed the social world with language, symbols, images, and interpretation from forms of consciousness by focusing on how social actors ‘construct’ their world in their own minds and by conversing with others like dialogue and symbolic exchanges but it neglects structural inequalities and power hierarchies in social
relations

A

Constructivism

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20
Q

Looks at how globalization creates power structures that define what is “normal” or “correct.” It criticizes the dominance of Western ideas and culture.

A

Postmodernism

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21
Q

Examines how globalization affects gender roles, often highlighting how women are marginalized in the global economy.

A

Feminism

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22
Q

Combines all social theories views to explain globalization. It suggests that different factors—like production, governance, identity, and knowledge—all shape globalization.

A

Eclecticism

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23
Q

refers to the idea that the world is becoming more similar because different cultures, economies, and political systems are adopting common practices.

A

Homogeneity

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24
Q

This theory suggests that the world is becoming more uniform or similar. As globalization spreads, cultural differences, economic systems, and political orientations begin to blend, creating common practices across the globe.

A

Homogeneity

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25
Q

The opposite of homogeneity, this theory means that globalization leads to the creation of different cultural practices, new types of economies, and varied political groups. This highlights how globalization can also increase diversity.

A

Heterogeneity

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26
Q

This occurs when one culture (usually from a powerful country) influences and often dominates other cultures. Through media, trade, and politics, the dominant culture spreads its values and lifestyle.

A

Cultural Imperialism

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27
Q

Similar to cultural imperialism, but focused on global media. Large, dominant media corporations (often from the US or Europe) influence global media consumption, leaving little room for media from developing countries.

A

Media Imperialism

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28
Q

This refers to the process where people in other countries adopt products and lifestyles that are closely associated with the United States. American brands, culture, and political ideas spread widely.

A

Americanization

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29
Q

process by which Western countries are led by principles of fast food restaurants involving global spread of rational systems such as efficiency, calculability, predictability and control

A

McDonaldization

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30
Q

process where nations or corporations impose themselves on geographic areas to gain profits

A

Grobalization

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31
Q

A term coined by Roland Robertson, this refers to how global and local forces blend together to create something unique. It means adapting global trends to fit local customs or needs.

A

Glocalization

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32
Q

This approach believe that globalization is driven by a neo-liberal agenda focused on free markets and economic integration. They argue that multinational enterprises (MNEs) and intergovernmental organizations (IGOs), like the World Trade Organization (WTO), are key players in creating a global marketplace.

A

Hyperglobalists approach

33
Q

This approach questions the importance of globalization, arguing that most trade and economic activities still occur on a regional rather than global scale. It also suggests that globalization may be overstated, and that historical factors (like colonialism) still play a large role in global interactions.

A

sceptical approach

34
Q

This approach take a more balanced view, agreeing that globalization is creating more interconnectedness but also pointing out that it is uneven. While some countries and communities benefit from globalization, others are left behind, leading to more economic and social inequalities.

A

Transformationalist Approach

35
Q

luxury products from China started to appear on European continent specifically in Rome;

A

Silk roads (1st century BC-5th century AD, and 13th
-14th centuries AD)

36
Q

spices were important to Islamic trades in the Middle Ages from Maluku islands in Indonesia

A

Spice routes (7th-15th centuries)

37
Q

European explorers such as Columbus discovered America and Magellan connected East and West circumnavigating the world

A

Age of Discovery (15th-18th centuries)

38
Q

British Empire conquered the world with inventions like steam engine as era of First Industrial Revolution

A

First wave of globalization (19th century – 1914)

39
Q

World War I in 1914 destroyed Western high society followed by US Great Depression even ending the thriving economy in South America and World War II from 1939-1945 affected trade by lowering of world GDP to 5%

A

World wars

40
Q

The Cold War era saw the rise of multinational corporations and global communication technologies.

A

Second and Third Waves

41
Q

US and China have become two global powers dominating the cyber world as the new frontier of globalization

A

Globalization 4.0

42
Q

is how countries around the world are connected through trade, finance, and investment

A

global economy

43
Q

Selling goods and services between different countries

A

International Trade

44
Q

Managing money, exchange rates, and investments across borders

A

International Finance

45
Q

Investing in businesses or projects in other countries.

A

Global Investment

46
Q

a policy of where government intervenes in foreign trade to encourage local production in the form of quotas and tariffs or fees on imports/exports

A

Protectionism

47
Q

free trade where goods and services move more easily. However, free trade does not mean it is actually free since some inequalities tend to develop. Those who control much of trading are stronger nations. To lessen inequalities in the global world, the concept of “fair trade” is raised where there is concern for social, economic, and environmental welfare of small producers

A

Trade liberalization

48
Q

economic growth is stopped when people fail to change certain beliefs

A

Modernization theory

49
Q

Introduced by Hans Singer and Raul Prebisch, this theory blames colonialism and the capitalist system for keeping certain countries poor. These countries were exploited for their resources and labor, and even after colonialism ended, they continue to be exploited by wealthier nations.

A

Dependency Theory

50
Q

Sociologist Immanuel Wallerstein explains that the world is divided into core (wealthy) countries and periphery (poor) countries. The rich countries exploit the labor and natural resources of the poor countries. This system keeps the rich rich and the poor poor, even though the poor countries still interact with the wealthy through trade and multinational corporations.

A

World Systems Theory

51
Q

societies organized around small communities where people produce only for their family or community with inadequate resources and technology forming stringent social hierarchy where tradition rules how a society functions

A

Traditional stage

52
Q

new markets were formed and people began to use their abilities to produce things outside their family to exchange goods with and status in society became associated with how much wealth you have

A

Take off stage

53
Q

Stage where industrial development started to prosper with increased population, lesser number of people in extreme poverty, and more opportunities for leading to social and economic change

A

Technological maturity

54
Q

whatever is produced is more on wants than needs and having social support systems arranged to ensure citizens have access to basic needs.

A

High mass consumption

55
Q

happens when separate markets merge into one larger market, making it easier to buy and sell goods. Companies can grow by merging with competitors or expanding into new areas.

A

Market Integration

56
Q

This is when a company merges with or buys another company that operates at the same level in the supply chain, usually to reduce competition, increase their market share, or differentiate their product more effectively.

A

Horizontal Integration

57
Q

This is when a company controls different steps of production or the supply chain. The goal is to remove dependence on external suppliers or buyers, which allows the company to increase its profits by keeping everything in-house.

A

Vertical Integration

58
Q

In this case, the company goes backwards in the supply chain to become its own supplier. This is done to avoid high prices or poor-quality materials from outside suppliers.

A

Backward Vertical Integration

59
Q

Here, the company moves forward in the supply chain by becoming its own distributor or retailer. This means it no longer has to rely on other retailers to sell its products, allowing the company to keep more of the profits.

A

Forward Vertical Integration

60
Q

is the union of companies with unrelated business activities.

A

Conglomerate Integration

61
Q

When the companies that merge involved have absolutely nothing in common.

A

Pure Conglomerate

62
Q

When the companies are looking for ways to extend their product range or markets

A

Mixed Conglomerate

63
Q

help countries in times of economic crisis by providing financial support.

A

International Financial Institutions (IFIs)

64
Q

Created in 1944 after World War II to reduce trade restrictions and stabilize the global economy.

A

Bretton Woods System

65
Q

A system formed by 23 countries to make it easier to trade goods globally. It was a result of the Bretton Woods agreement.

A

General Agreement on Tariffs and Trade (GATT)

66
Q

An independent organization that oversees trade between countries. It focuses on services and non-tariff restrictions (like regulations) to reduce barriers to trade

A

World Trade Organization (WTO)

67
Q

Functions as a last resort lender to countries facing financial crises. It helps stabilize economies, promotes international trade, and advocates for peace.

A

International Monetary Fund (IMF)

68
Q

Similar to the IMF but with a long-term focus. Its main goal is to eradicate poverty by funding development projects in poorer countries.

A

World Bank (WB)

69
Q

A powerful group that includes the wealthiest countries in the world (currently 35 member countries). It helps coordinate policies to promote economic growth.

A

Organization for Economic Cooperation and Development (OECD)

70
Q

Formed by major oil-producing countries (like Saudi Arabia, Iraq, Kuwait, Iran, and Venezuela) to control oil prices. This influences global oil production and prices.

A

Organization of Petroleum Exporting Countries (OPEC)

71
Q

A union of 28 European countries that adopted the euro as a common currency. While it has increased economic cooperation, it has also led to challenges, like the economic crises in Greece, Portugal, and Spain.

A

European Union (EU)

72
Q

Initially an agreement between Canada and the United States, Mexico joined in 1994. It encouraged free trade, but also caused negative impacts like the loss of Mexican farmers’ jobs and an increase in poverty for some in Mexico. However, it made the US wealthier through outsourcing and cheaper production.

A

North American Free Trade Agreement (NAFTA)

73
Q

This is the system that governs trade and cooperation between countries. It helps ensure that all countries benefit from global trade. Organizations like the United Nations (UN) manage international relations and help maintain peace.

A

Global Interstate System

74
Q

Even though there’s no single global government, organizations like the UN manage global issues like peace, trade, and human rights. This is called ?, where countries agree to follow the same rules to tackle global problems.

A

global governance

75
Q

are legal agreements that end wars and conflict

A

Peace treaties

76
Q

focuses on cooperation between countries in specific geographic areas. For example, ASEAN is a group of Southeast Asian countries working together on economic and political issues.

A

regionalization

77
Q

They are generally being more industrialized and the South having fewer resources.

A

North

78
Q

North generally being more industrialized and the ? having fewer resources.

A

South

79
Q

Asia has seen rapid economic growth through trade and investment. Countries in ASEAN have worked together to build stronger economies by promoting regional cooperation and industrialization.

A

Asian Regionalism