Exam Reviewer

Question 1

The expansion and intensification of social relations and consciousness across world-time and across world-space refers to which concept?

Answer 1

Globalization

Question 2

Globalization intensifies social relations. Which one of the following shows the negative effect of intensified social relations.

Answer 2

Deterioration

Question 3

Which of the following best describes the concept of parochialism in the context of globalization?

Answer 3

The belief that one’s own culture or nation is superior to others, leading to resistance against global influences.

Question 4

Which of the following is NOT a product of globalization?

Answer 4

Implementing limited policy entry in each country

Question 5

It is one of the most important dimensions of globalization as it involves circulation of money that enables stability of a country’s economy.

Answer 5

Financescape

Question 6

contributes to the formation of global social movements, such as environmentalism and feminism.

Answer 6

Ideoscape

Question 7

This scape refers to the movement of the people such as immigrants, refugees or movement because of job availability.

Answer 7

Ethnoscape

Question 8

This is a process that government reduces policy such as governing fares or entry of goods in one country.

Answer 8

Deregulation

Question 9

What process involves the removal of taxes on imported goods for the continuous flow of commerce and sales.

Answer 9

Trade barriers

Question 10

Mercalco was regulated by the government of the Philippines before and was sold. Its ownership was transferred to First Philippine Holdings Corporation a private company until today. What process does this belong?

Answer 10

Privatization

Question 11

As referred to by political scientists, what does the modern world-system primarily focus on?

Answer 11

The interstate system of competing and allying states

Question 12

an outlook that is limited to one’s
immediate community

Answer 12

Parochialism

Question 13

The expansion and
intensification of social
relations and consciousness
across world-time and across
world-space.

Answer 13

Globalization

Question 14

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

Answer 14

Expansion

Question 15

People could connect
with friends, family, colleagues, and even make new
connections with individuals

Answer 15

Creation of new social networks

Question 16

Users can connect
with more people, join various groups based on shared
interests, and expand their network

Answer 16

Multiplication of existing connections

Question 17

People from
different geographical locations can connect effortlessly.

Answer 17

Cutting trhough traditional boundaries

Question 18

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

Answer 18

Intensification

Question 19

An Indian-American anthropologist recognized as a major
theorist in globalization studies.

Answer 19

Arjun Appadurai

Question 20

refers to the global
movement of people (immigrants, refugees)

Answer 20

Ethnoscape

Question 21

refers to the circulation
of mechanical goods and software. (technology)

Answer 21

Technoscape

Question 22

is the realm where political
ideas move around (often political, freedom, welfare, sovereignty)

Answer 22

Ideoscape

Question 23

is the variety of media
that shape the way we understand
our world

Answer 23

Mediascape

Question 24

denotes the global circulation of money

Answer 24

Financescape

Question 25

3 components of globalization

Answer 25

Economic Cultural/Social Political

Question 26

would oversee the international monetary system (keeps the 190 countries systems stable)

Answer 26

International Monetary Fund

Question 27

would provide loans for every country

Answer 27

World Bank

Question 28

would oversee multilateral trade agreements

Answer 28

World Trade Organization

Question 29

Refers to the transmission of ideas, meanings, and values across national borders.

Answer 29

Cultural Globalization

Question 30

similarities in countries when it comes to consumption such as shopping malls, etc.

Answer 30

Converging Global Consumption Patterns

Question 31

this is where everybody shares similar physiological characteristics and cultural behavior

Answer 31

Homogeneity

Question 32

this is when the government makes sure that every citizen of their country enjoys high-end standards (north korea is an example where it is left out from the world)

Answer 32

Financial Homogeneity

Question 33

Individuals and families are now more directly plugged into the news from the outside world - some of the most gripping events of the past decade have unfolded in real-time in front of a global audience

Answer 33

The Global Village/Global Consciousness

Question 34

_____ argues that one consequence of globalization is detraditionalization

Answer 34

Anthony Giddens

Question 35

this is when people question their traditional beliefs about religion, marriage, gender roles, and so on/

Answer 35

Detraditionalization

Question 36

_____ argues that a fundamental feature of globalization is the development of global risk consciousness, etc.

Answer 36

Ulrich Beck

Question 37

Refers to the absence of the absolute sovereignty of a state’s political borders over a certain area as well as increased interaction between the systems of government

Answer 37

Political Globalization

Question 38

- a political economic union of 27 european countries (trade, security, law, and governance) - established to promote economic cooperation

Answer 38

European Union

Question 39

- its primary goal is to contain Russian aggression by creating a military pact

Answer 39

NATO (North American Treaty Organization)

Question 40

- is a trade initiative established by China designed to spread China's sphere of influence across Asia and the Middle East

Answer 40

Belt and Road Initiative

Question 41

- Many allied nations engage in yearly ____ to strengthen military ties and protect their interests.

Answer 41

War Games

Question 42

- was a significant trade agreement between the US, Canada, Mexico, aimed at reducing trade barriers and increasing economic cooperation

Answer 42

NAFTA (North American Free Trade Agreement)

Question 43

____ is a historical process representing the result of human innovation and technological progress. - It is characterized by the increasing integration of economies around the world

Answer 43

Economic Globalization

Question 44

this refers to new ideas, methods, products, or processes that people come up with to solve problems or improve conditions

Answer 44

Human Innovation

Question 45

- this refers to new ideas, methods, products that solve problems using technology

Answer 45

Technological Advancement

Question 46

the growing interconnectedness and interdependence among different countries' economies

Answer 46

Integration

Question 47

It emphasizes the increase in transactions and interdependencies among different countries.

Answer 47

Globalization as Internationalization

Question 48

refers to the process of opening up national economies to global markets, typically through policies that reduce trade barriers, deregulate industries, and privatize state-owned enterprises

Answer 48

Globalization as Liberalization

Question 49

- are government-imposed restraints on the flow of international goods or services

Answer 49

Trade Barriers

Question 50

- involves removing or reducing government regulations in certain industries

Answer 50

Deregulation

Question 51

- refers to the process of transferring ownership of a government enterprise to the private sector

Answer 51

Privatization

Question 52

This perspective suggests that different aspects of culture, economy, legal systems, and politics are converging and becoming more similar worldwide.

Answer 52

Globalization as Universalization

Question 53

- is a perspective that views globalization as the spread of Western culture, values, and social structures around the world, often at the expense of local cultures

Answer 53

Globalization as Westernization

Question 54

Refers to the interconnected worldwide economic activities that take place between multiple countries. These economic activities can have either a positive or negative impact.

Answer 54

Global Economy

Question 55

It refers to the exchange of goods and services between different countries, and it has also helped countries to specialize in products which they have a comparative advantage. o This is an economic theory that refers to an economy's ability to produce goods and services at a lower opportunity cost than its trade partners.

Answer 55

International Trade

Question 56

- consists of topics like currency exchange rates and monetary policy

Answer 56

International finance

Question 57

This refers to an investment strategy that is not constrained by geographical boundaries. Global investment mainly takes place via foreign direct investment (FDI).

Answer 57

Global investment

Question 58

Who controls the global economy?

Answer 58

Big countries/Banks

Question 59

- occurs when prices among different locations or related goods follow similar patterns over a long period of time. (kinda like baby dolls and clothes)

Answer 59

Market integration

Question 60

- a system of competing and allying states - INTERNATIONAL RELATIONS

Answer 60

Global Interstate System