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SOCIAL STUDIES 2ND GRADING > GLOBALIZATION > Flashcards

GLOBALIZATION Flashcards

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1
Q

Independence of the global economy

A

Globalization

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2
Q

People have more liberty

A

Globalization

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3
Q

Comfort of free trade

A

Globalization

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4
Q

What are the 3 stages of globalization?

A

Globalization 1.0,2.0 and 3.0

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5
Q

European exploration

A

(1492-1800)

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6
Q

Christopher Columbus

A

The New World exploration

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7
Q

Thomas Friedman

A

The World Is Flat

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8
Q

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

A

Globalization 1.0

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9
Q

During Globalization 1.0, Trade was in _______ and ________

A

Spain and Portugal

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10
Q

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

A

Small to Medium

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11
Q

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

A

Globalization 2.0

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12
Q

Intense development of technology

A

Globalization 2.0

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13
Q

Intense development of technology

A

Globalization 2.0

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14
Q

Steam engines and telegraph development of the postal system

A

Globalization 2.0

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15
Q

Red cross was founded in ________

A

1863

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16
Q

Forge international relations among corrupting nation

A

Globalization 2.0

17
Q

Lasted up to the year 2000

A

Globalization 2.0

18
Q

Globalization 1.0 happened in ________ to ________

A

1492-1800

19
Q

Globalization 2.0 happened in ________ to ________

A

1800-2000

20
Q

Globalization 3.0 happened in ________ to ________

A

2000-present

21
Q

Developed fiber-optic network

A

Globalization 3.0

22
Q

Not dominated by the west

A

Globalization 3.0

23
Q

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

A

Globalization 3.0

24
Q

What are the 4 dimsions of globalization?

A

Economics, ethical, cultural and political

25
Q

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

A

Economic

26
Q

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

A

Ethical

27
Q

•Homogeneity and multiculturalism
•Understanding difference and cultural practices

A

Cultural

28
Q

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

A

Political

29
Q

WTO

A

World Trade Organization

30
Q

ILO

A

International Labor Organization

31
Q

IMF

A

International Monetary Funds

32
Q

WBG

A

Word Bank Group

33
Q

IBRD

A

The International Bank for Reconstruction and Development

34
Q

Involves
•Trade agreements
•Trade negotiations
•Trade disputes

A

WTO

35
Q

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

A

ILO

36
Q

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

A

IMF

SOCIAL STUDIES 2ND GRADING (1 decks)

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