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Contemporary World > Globalization > Flashcards

Globalization Flashcards

1
Q

Process of expanding various sociocultural and socioecological processes from national to international and transcultural level

A

GLOBALIZATION

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2
Q

Is a measurement of flows and interconnections of a country to other global players through exchanges in trade, capital, people and information

A

GLOBAL CONNECTED INDEX (GCI)

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3
Q

Is seen as the process that focuses on the movement of trade, capital and ideas

A

GLOBALIZATION

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4
Q

Integration of different markets and culture

A

GLOBALIZATION

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5
Q

Breaking down of territorial boundaries is eminent

A

GLOBALIZATION

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6
Q

Globalization is the changes in the temporal connections of people

A

Scholte (2005)

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7
Q

Identifies macro-cultural changes in a globalized society

A

Scholte (2005)

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8
Q

4 Key Shifts in a Society

A

Growth of trans- and supra- tarritorial connectivity

The shift from capitalism to hyper capitalism focused in production

A move from nationalism toward identifying pluralism and hybridity

From rationalism toward knowledge reflexivity

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9
Q

Factors Driving Globalization

A

Reductiom of trade barriers

Modern technology development as a key of globalization

Further promoted the development and information society

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10
Q

It is a key of globalization

A

Modern technology developments

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11
Q

An idea of prescribed path to attain development through certain set of activities, according to a defined vision

A

Development Paradigms

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12
Q

Integration of economies throughout the world

A

Economic Globalization

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13
Q

Trading and financial flows across countrie’s borders

A

Economic Globalization

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14
Q

Export/import

A

Trading

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15
Q

Economic exchanged

A

Trading

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16
Q

Deals between countries

A

Trading

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17
Q

Foreign investment

A

Capital Movement

18
Q

Money lent to foreign business or governements

A

Commercial Loan

19
Q

Money granted by rich countries to developing nations

A

Official Flows

20
Q

Buying or putting up a firm in a foreign country or contributing to the enhancement of an existing firm

A

Foreign Direct Investments

21
Q

Migration

A

Movement of People

22
Q

Refers to increasing “contact between people and their cultures - their ideas, their values, their ways of life”

A

Cultural Globalization

23
Q

Linked to globalization of lifestyles such as music, media, fashion, food, as well as globalization of knowledge, science, and technology

A

Cultural Globalization

24
Q

Enlargement of the international political system and its establishments, wherw inter-regional dealings including trade are managed

A

Political Globalization

25
Q

Political decision making can transcend the boundaries of nations

A

Political Globalization

26
Q

Managing economic and trading matters, security, environment and other international issues, some institutions come into play (World Bank, IMF, UN)

A

Political Globalization

27
Q

International businesses that are important players in globalization

A

Transnational Corporations

28
Q

Meaning of UN

A

United Nations

29
Q

Meaning of ASEAN

A

Association of Southeast Asian Nations

30
Q

Facilitate investment of capital for member countries

A

World Bank

31
Q

Fund large-scale projects by providing loans for member countries

A

World Bank

32
Q

Implement the Structural Adjustment Policies (SAP’s) for countries borrowing

A

World Bank

33
Q

Provide short-term emergency loan

A

International Monetary Fund

34
Q

Help bring enormous flow of foreign money through loans and speculative investment

A

International Monetary Fund

35
Q

Meaning of IMF

A

International Monetary Fund

36
Q

Create rules for global trade and investment

A

World Trade Organization

37
Q

Aim to reduce tariffs

A

World Trade Organization

38
Q

Create agreement for member countries regarding multilateral policies that push governments to relax regulations on environement, food safety, and product quality

A

World Trade Organization

39
Q

Encourage countries to deregulate economies

A

World Trade Organization

40
Q

Meaning of WTO

A

World Trade Organization

41
Q

Meaning of GCI

A

Global Connected Index

42
Q

Meaning of SAP

A

Structural Adjustment Policies

Contemporary World (2 decks)

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