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PRELIMS > GLOBALIZATION > Flashcards

GLOBALIZATION Flashcards

1
Q

100 years ago, Latin term GLOBUS (GLOBE)

A

spherical representation of the earth

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2
Q

19th century GLOBAL

A

world scale

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3
Q

1940s

A

Globalise (v)
Globalism (n)

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3
Q

Political connectedness of different countries

A

GLOBALISM

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4
Q

1959

A

GLOBALISATION = process

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5
Q

1980s

A

GLOBALITY = output/condition

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6
Q

4 sation that differs to GLOBALISATION

A

Internationalisation
Universalisation
Westernisation
Liberalisation

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7
Q

growth of transactions and interdependence between countries

A

Internationalisation

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8
Q

removing regionalists, indigenous people, cosmopolitan

A

Internationalisation

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9
Q

citizen of the world

A

cosmopolitan

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10
Q

more intense form of internationalisation

A

GLOBALISATION

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11
Q

denotes a process of removing officially imposed restrictions

A

LIBERALISATION

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12
Q

free market

A

laissez-faire

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13
Q

process of dispersing various products and experiences

A

Universalisation

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14
Q

sacrificing culture

A

Universalisation

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15
Q

Werstern modernity

A

Westernisation

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16
Q

spread of transparency connections between people

A

GLOBALISATION

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17
Q

Americanisation/colonisation

A

Westernisation

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18
Q

says “WESTOXICATION”

A

Ali Ahmad

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19
Q

5 connections

A

physically
legally
linguistically
culturally
psychologically

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19
Q

a historical process representing the result of human innovation and technological process

A

ECONOMIC GLOBALIZATION (IMF definition)

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20
Q

It signaled the coming of full economic globalization.

A

GALLEON TRADE

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20
Q

It is the exchange of capital, goods, and services across international borders or territories.

Example: SILK ROAD

A

INTERNATIONAL TRADING
SYSTEMS

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21
Q

1571

A

GALLEON TRADE

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22
Q

The first time that the Americas were directly connected to Asian trading
routes.

A

GALLEON TRADE

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23
Q

Galleon Trade was part of this system

A

AGE OF MERCANTILISM

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23
Q

MANILA to ACAPULCO

A

GALLEON TRADE

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24
Q

system of global trade with multiple restrictions:

A

AGE OF MERCANTILISM

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25
Q

1867

A

GOLD STANDARD

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26
Q

a more open trade system

A

GOLD STANDARD

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27
Q

adopted at an international conference in PARIS

A

GOLD STANDARD

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28
Q

fixed exchange rate system all based on the value of gold

A

GOLD STANDARD

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29
Q

was still a very restrictive system

A

GOLD STANDARD

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30
Q

The worst economic downturn in the history of the industrialized
world, lasting from the stock market crash of 1929 to 1939.

A

GREAT DEPRESSION

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31
Q

Wall Street went into panic and millions of investors were wiped
out

A

GREAT DEPRESSION

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32
Q

It made returning to pure standard more difficult.

A

GREAT DEPRESSION

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33
Q

Worst and longest recession experienced by the Western world.

A

GREAT DEPRESSION

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34
Q

Some economists blame this to the gold standard.

A

GREAT DEPRESSION

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35
Q

HOW DID US RECOVER FROM
THE GREAT DEPRESSION?

abandonment of the gold standard

free up money to spend on reviving the economy

A

Barry Eichengreen

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36
Q

Currencies that are not backed by precious metals and whose value is determined by their cost
relative to other currencies

A

FIAT CURRENCY

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37
Q

It is how the world economy operates today.

A

FIAT CURRENCY

38
Q

Was inaugurated in 1944 during the United Nations Monetary and Financial Conference

A

THE BRETTON WOODS
SYSTEM

39
Q

To prevent the catastrophes brought mostly about by the Great Depression

A

THE BRETTON WOODS
SYSTEM

40
Q

English economist

  • he largely influenced the Bretton Woods System
  • he believes that economy crisis occur when money is not being spent and thereby not moving; it does not occur because a country does not have money
A

John Maynard Keynes

41
Q

Two financial institutions were created:

A

International Bank of Reconstruction (World Bank)

International Monetary Fund (IMF)

42
Q
  • for funding postwar reconstruction projects
A

International Bank of Reconstruction (World Bank)

43
Q

the global lender of last resort to prevent individual countries from spiraling into credit crises

A

International Monetary Fund (IMF)

44
Q

happened after Bretton Woods

A

GENERAL AGREEMENT ON
TARIFFS & TRADE (GATT)

45
Q

1947

A

GENERAL AGREEMENT ON
TARIFFS & TRADE (GATT)

46
Q

Its main purpose was to reduce tariffs and other hindrances to free trade.

A

GENERAL AGREEMENT ON
TARIFFS & TRADE (GATT)

47
Q

hindrance to free trade

A

smuggling

48
Q

1940s – 1970s

A

KEYNESIAN ECONOMY

49
Q

Government poured money into their economies, allowing people to purchase more goods and in the process, increase demand for these products.

A

KEYNESIAN ECONOMY

49
Q

Law of supply and demand – as demands of these goods increase, so is their price.

A

KEYNESIAN ECONOMY

50
Q

During the Yum Kuppur war, the US and other countries decided to resupply the Israeli Army with arms so OAPEC imposed an embargo causing the sharp rise of oil prices.

A

ORGANIZATION OF ARAB
PETROLEUM EXPORTING
COUNTRIES

51
Q

founded in 1955

Its main goal is to continue the tariff reduction under the GATT

A

WORLD TRADE
ORGANIZATION (WTO)

52
Q

a strategy of the US Treasury Department, World Bank, IMF, and WTO to observe the

Washington Consensus –

Privatization of Government –

A

NEOLIBERALISM

53
Q

minimal government spending to reduce government debts

A

Washington Consensus

53
Q

controlled services like water, power, communication and transport

A

Privatization of Government

54
Q

2007-2008

The world experienced the greatest economic downturn since the Great Depression.

A

THE GLOBAL FINANCIAL
CRISIS

55
Q

US removed banking and investments restrictions.

In attempt to promote the free market, government authorities failed to regulate bad investments occurring in the US housing markets.

A

THE GLOBAL FINANCIAL
CRISIS

56
Q

(TNCs)

A

transnational corporations

57
Q

refers to countries lowering their labor standards, including the protection of the
workers’ interest, to lure in foreign investors seeking high profit margins at the lowest cost possible.

A

RACE TO THE BOTTOM

58
Q

governments weaken environmental laws to attract investors, creating fatal
consequences on their ecological balance and depleting them of finite resources

A

RACE TO THE BOTTOM

59
Q

Russia is authoritarian TRUE or FALSE

A

TRUE

60
Q

Russia is the largest country TRUE or FALSE

A

TRUE

60
Q

Russia use bear TRUE or FALSE

A

TRUE

61
Q

is the core of the Russian le

A

National Interest

62
Q

What country serve as corridor

A

Poland

63
Q

Is Poland now a member of NATO?

A

YES

64
Q

Why is Napoleon and Hitler did not succeed in invading Russia?

A

(STRATEGIC DEPTH) unsustainability long supply lines

64
Q

line that supports army for foods, armor,bullet, & other military equipment

A

long supply lines

64
Q

Russia has been invaded 500 years ago in the West

A

5x

65
Q

Who tries to invade Russia?

A

Poles, Swedes, French, Germany 2x

66
Q

Why was NATO created?

A

defense against the danger pf Soviet aggression

67
Q

Counterpart of Russia

A

Warsaw Pact in 1955

68
Q

Military organization

A

NATO

68
Q

What does Putin blame for undermining Russian security?

A

MAJOR GEOPOLITICAL DISASTER OF THE COUNTRY

69
Q

Putin blamed the last President_________?

A

MIKHAIL GORBACHEV

70
Q

Russian agreed with other countries not to join NATO or European UNION because it is their strategy in protecting their territory. TRUE / FALSE

A

TRUE

70
Q

What do you call the ancestor of Russian?

A

KIEVAN RUS

70
Q

Russian first territory

A

KIEV UKRAINE

71
Q

First expand Russia and states “attack as defense”

A

IVAN THE TERRIBLE 1533

71
Q

Russian need to move to ______

A

MOSCOW

71
Q

IVAN THE TERRIBLE was followed by?

A

IVAN THE GREAT
EMPRESS CATHERINE THE GREAT

72
Q

What kind of place is MOSCOW?

A

THEY HAVE NO DEFENSE

72
Q

Is Moscow purely flatland, with no mountains, seas, and hills?

A

yes

73
Q

Who founded the Russian empire?

A

Peter the Great

74
Q

How many countries does USSR have?

A

15

75
Q

Rivsl of USSR

A

US

75
Q

Russia is 5x of INDIA. TRUE/FALSE

A

TRUE

76
Q

Russia is 70x of UK. TRUE/FALSE

A

TRUE

77
Q

Russia is 1.75x of PHIL. TRUE/FALSE

A

TRUE

78
Q

Russia has 11 time zones

A

TRUE

79
Q

Russia’s problem is very short agricultural calendar

A

yes

80
Q

what do you call the side of Russia

A

URAL

81
Q

Are RUSSIAN asian or european?

A

neither, they are RUSSIANS

82
Q

Which “treasure chest?”

A

Siberia

82
Q

Is Russian an asian power?

A

NO

82
Q

Central Asian countries

A

Uzbekistan, Tajikistan, Kyrgyzstan, Turkmenistan

PRELIMS (7 decks)

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