GLOBALIZATION

Question 1

Independence of the global economy

Answer 1

Globalization

Question 2

People have more liberty

Answer 2

Globalization

Question 3

Comfort of free trade

Answer 3

Globalization

Question 4

What are the 3 stages of globalization?

Answer 4

Globalization 1.0,2.0 and 3.0

Question 5

European exploration

Answer 5

(1492-1800)

Question 6

Christopher Columbus

Answer 6

The New World exploration

Question 7

Thomas Friedman

Answer 7

The World Is Flat

Question 8

Led to discoveries of treasurer that led to soon-to-be western empires

Answer 8

Globalization 1.0

Question 9

During Globalization 1.0, Trade was in _______ and ________

Answer 9

Spain and Portugal

Question 10

During the Globalization 2.0, the world changed from _______ to _______

Answer 10

Small to Medium

Question 11

Global or transnational intergration. Internationalization of the transportationbsystem, communication, commerce, and science revolutionalized

Answer 11

Globalization 2.0

Question 12

Intense development of technology

Answer 12

Globalization 2.0

Question 13

Intense development of technology

Answer 13

Globalization 2.0

Question 14

Steam engines and telegraph development of the postal system

Answer 14

Globalization 2.0

Question 15

Red cross was founded in ________

Answer 15

1863

Question 16

Forge international relations among corrupting nation

Answer 16

Globalization 2.0

Question 17

Lasted up to the year 2000

Answer 17

Globalization 2.0

Question 18

Globalization 1.0 happened in ________ to ________

Answer 18

1492-1800

Question 19

Globalization 2.0 happened in ________ to ________

Answer 19

1800-2000

Question 20

Globalization 3.0 happened in ________ to ________

Answer 20

2000-present

Question 21

Developed fiber-optic network

Answer 21

Globalization 3.0

Question 22

Not dominated by the west

Answer 22

Globalization 3.0

Question 23

Economy will no longer be driven by the government of different countries

Answer 23

Globalization 3.0

Question 24

What are the 4 dimsions of globalization?

Answer 24

Economics, ethical, cultural and political

Question 25

•Allows internation trade trade and free market economy •Economic agreements •A sovereign country is influenced by other countries

Answer 25

Economic

Question 26

•Free movement of capital, trade, goods, and series •WTO (World Trade Organization) •ILO (International Labor Organization)

Answer 26

Ethical

Question 27

•Homogeneity and multiculturalism •Understanding difference and cultural practices

Answer 27

Cultural

Question 28

•Minimal interventions of the state in Economic actibities •Government •WBG (World Bank Group) •IMF (International Monetary Funds)

Answer 28

Political

Question 29

WTO

Answer 29

World Trade Organization

Question 30

ILO

Answer 30

International Labor Organization

Question 31

IMF

Answer 31

International Monetary Funds

Question 32

WBG

Answer 32

Word Bank Group

Question 33

IBRD

Answer 33

The International Bank for Reconstruction and Development

Question 34

Involves •Trade agreements •Trade negotiations •Trade disputes

Answer 34

WTO

Question 35

•Directed at solving social and labot issues •Labor standards •Assists member-states •Protection of human rights

Answer 35

ILO

Question 36

•Interational monetary cooperation •Exchange rate stability •Deals with balance of payments

Answer 36

IMF