CTWD 1 Prelims

Question 1

Since the early 19th century, _____________ has
been a “buzzword” throughout the world, though
the term itself has been popularized only
through former Harvard Business School Professor
Theodore Levitt’s article entitled “The
Globalization of Markets.”

Answer 1

Globalization

Question 2

refers to the existence of free exchange goods,
services, culture, and even people, between and among
countries. Under the banner of globalization, countries have
discarded taxes on imported goods (tariffs) and opened their
doors to highly skilled workers and professionals. Through
globalization, people became more interested in travel,
learning new languages, and immersing themselves in new
cultures and lifestyles.

Answer 2

Globalization

Question 3

On the first decade of the ____ _______,
some scholars argued that globalization
is a process. However, on the other, it
is a condition and for some, it is
described as an ideology. Central to the
study of the contemporary world is the
concept of globalization. The following
are the underlying definitions of
globalization.

Answer 3

21st century

Question 4

theorizes that
globalization denotes a range of
processes nesting under one rather
difficult description. Its conceptual
difficulty to handle or control partly
arises from the fact that global flows
occur in different physical and mental
dimensions.

Answer 4

Freedmen (2003)

Question 5

proposes that different
kinds of globalization occur on multiple and
intersecting dimensions of integration that he
calls “scapes”.

Answer 5

Arjun Appadurai (1996)

Question 6

refers to the global
movement of the people

Answer 6

Ethnoscape

Question 7

flow of culture

Answer 7

Mediascape

Question 8

refers to the
circulation of mechanical goods
and software

Answer 8

Technoscape

Question 9

denotes the
global circulation of money

Answer 9

Financescape

Question 10

the realm where
political ideas move around

Answer 10

Ideoscape

Question 11

For the Political Scientists,
_____________ refers to challenges
to the nation-state, strength of
regional blocs, and development of
global political standards.

Answer 11

Globalization

Question 12

is a policy followed by some
international markets

Answer 12

Free Trade

Question 13

such as
IMF, WTO, World Bank, OECD, World
Economic Forum, G20, ILO, UNCTAD,
APEC, G7, BRICS, ECOSOC, G8, Bank for
International, OPEC

Answer 13

Global Economic Organizations

Question 14

such as EU, EFTA,
NAFTA, MERCORSUR,AFTA, COMESA, SAFTA,
Pacific Alliance, TPP

Answer 14

Regional Trade Blocs

Question 15

For the scholar of culture and communication,
_____________ is the creation of global village
due to technological revolutions,
communications technology as shrinking our
world, and cultural imperialism

Answer 15

Globalization

Question 16

“Globalization is the expansion
and intensification of social relations and
consciousness across world-time and worldspace.”

Answer 16

Manfred Steger

Question 17

• refers to “both the creation of new
  social networks and the multiplication
  of existing connections that cut across
  traditional political, economic, cultural
  and geographic boundaries.

Answer 17

Expansion

Question 18

refers to the expansion,
stretching, and acceleration of these
networks

Answer 18

Intensification

Question 19

However, globalization is different
from _________, which points to our
aspirations for an end state of
affairs, values shared by all the
people in the world and their
environment, and roles as citizens,
consumers, and producers that can
answer common problems. Not it is
universalism, values that hugs all
humanity. Meanwhile, Steger (20025)
uses the term globality to mean
globalization as a condition.

Answer 19

Globalism

Question 20

remarks
that since its earliest
appearance in the 1960s, the
term ‘globalization’ has been
used in both popular and
academic literature to
describe a process, a
condition, a system, a force,
and an age. (Steger, 2003)

Answer 20

Manfred Steger

Question 21

a Swedish
journalist saw globalization as
positive phenomenon and define it
as “the process of world shrinkage,
of distances getting shorter, things
moving closer. It pertains to the
increasing ease with which
somebody on one side of the world
can interact to mutual benefit with
somebody the other side of the
world. (Larsson, 2001).

Answer 21

Thomas Larsson

Question 22

____ ________ consider it as a
process, a condition, or an ideology.
Experts from different fields of social
sciences also define globalization
based on their expertise. But a working
definition has to encompass all
definitions of and notions about
globalization. Steger’s definition, for
the purpose of this module, is the most
unbiased working definition

Answer 22

Some scholars

Question 23

_____________ has led
to increase in
competition

Answer 23

Globalization

Question 24

_____________ causes exchange of
technology. Globalization helps in
knowledge and information transfer
across the globe

Answer 24

Globalization

Question 25

_____________ has led to
vast Multinational and
multicultural management

Answer 25

Globalization

Question 26

_____________ has led to
increase in investment levels
and rise in opportunities.

Answer 26

Globalization

Question 27

_____________ leads to Procurement
& Outsourcing. Accenture provides
Procurement & Outsourcing
services includes sourcing, demand
management, invoice processing,
travel and expense processing,
contract administration and many
more.

Answer 27

Globalization

Question 28

Advantages of Globalization (7)

Answer 28

• Cheaper Goods For Consumers and
  Better Product Quality
• increase In Skilled Workers
• Lower Cost of production
• Improvement In Education
• Cultural Diversity
• Poverty Reduction
• Transportation

Question 29

Disadvantages of Globalization (8)

Answer 29

• increased Commodity Price
• Exploitation Of Cheap Labor
• Cause Of Diseases
• Increased Relative Poverty and Inequality
• Replacing Increased Vulnerability And Instability
• Disparity
• Uneven Wealth Distribution
• The local players suffer huge losses as they lack the potential to advertise or export their products on a large scale