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GeSocSci 4 > Globalization - Cotemporary Global Governance > Flashcards

Globalization - Cotemporary Global Governance Flashcards

1
Q

United Nations is a global government composed of different nation-states and primarily responsible for the global governance.

A

FALSE. not a global governance.

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2
Q

Starbucks is a multinational company with a central headquarter, but its branches in different countries have no coordinated product offerings instead, are in charge of somewhat localizing the products and the marketing to fit the culture.

A

TRUE

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3
Q

Steger’s definition of globalization is the most objective working definition.

A

TRUE

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4
Q

Future Social Condition characterized by thick economic, political and cultural interconnectedness and global flows that
make currently existing political borders and
economic barriers irrelevant.

A

GLOBALITY

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5
Q

Dogmatic

A

Ideology

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6
Q

globalization as an ideology;

A

Globalism

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7
Q

Refers to the intensification and expansion of political interrelations across the globe;

A

Political Globalization

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8
Q

Increase of free trade, speed of trade

A

Economic Globalization

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9
Q

Refers to the concept of a global village

A

CULTURE GLOBALIZATION

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10
Q

Believes that media has connected the world in ways that created a global village

A

McLuhan (1964)

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11
Q

Raise an important set of issues pertaining to the principle of state sovereignty, the growing impact of intergovernmental organizations, and the future prospects for regional
and global governance.

A

Political Globalization

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12
Q

cultural imperialism

A

the conviction that there is a
“better” culture.

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13
Q

REFERS TO THE EXPANSION AND
INTENSIFICATION OF SOCIAL RELATIONS AND CONSCIOUSNESS ACROSS WORLD-TIME AND WORLD-SPACE

A

GLOBALIZATION

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14
Q

ENUMURATE FOUR ATTRIBUTES OF GLOBALIZATION

A
  1. Globalization has various forms of connectivity;
  2. It allows for the expansion and stretching of social relations;
  3. Globalization intensifies and accelerates social exchanges and activities;

4.Globalization occurs worldwide

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15
Q

Refers to the expanding Interdependence of world economies

A

Economic Globalization

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16
Q

The flow of international capital can be observed in

A

foreign direct investments (FDI)

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17
Q

A type of investment in which a company establishes a business in another country for production of goods or services and still takes part in the management of that business.

A

foreign direct investments (FDI)

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18
Q

defines economic globalization as a historical process, the result of human innovation and technological progress.

A

The International Monetary Fund

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19
Q

Economic globalization can be traced from the time when there
was economic movement in Asia, Africa through the

A

Silk Road

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20
Q

A network of trade routes that connected the East, particularly China, and the West.

A

Silk Road

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21
Q

Benczes (2014) identifies four interconnected dimensions of
economy, namely:

A

—globalization of trade of goods and services
—globalization of financial and capital markets
—globalization of technology and communication
—globalization of production

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22
Q

The first dimension of economic interconnectedness is the establishment of

A

World Trade Organization (WTO)

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23
Q

The most fitting definition of economic globalization

A

Szentes’

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24
Q

The process of “making the world economy an “organic system” by extending transnational economic processes and relation to more and more countries and by deepening the economic interdependencies among them”

A

Economic Globalization by Szentes’

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25
Q

It is a as manager of the national economy that is being redefined by globalization.

A

Nation-states

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26
Q

The member nation-states of the United Nations have adopted the principle on the Universal Declaration of Human Rights and when the issue of Extra Judicial Killings in the Philippines reached the International Criminal Court, they ordered and were allowed to visit and conduct an investigation in the Philippines as one of the UN’s member nation-state.

(T & F)

A

FALSE

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27
Q

Brodie calls the government as the ______ of globalization.

A

“midwives”

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28
Q

Actors are now the…

A

global corporations

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29
Q

One of the actors that facilitate economic globalization

A

INTERNATIONAL MONETARY SYSTEM

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30
Q

The three global IMS

A

The gold standard, the Bretton Woods System and the European Monetary System.

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31
Q

functions as a fixed exchange rate regime, with gold as the only International reserve and participating
countries determine the gold content of national currency.

A

The Gold System

32
Q

A system where the US dollar was the only convertible currency. Thus it was agreed by 44 countries to adopt the gold exchange standard.

A

Bretton Woods System

33
Q

National currencies were abandoned and member states delegated monetary policy onto a supranational level administered by the European Central Bank (European Commission, 2008).

A

EMS

34
Q

Responsible for post-war reconstructions

A

World Bank

35
Q

Aims to promote international financial cooperation and strengthen international trade

A

International Monetary Fund

36
Q

The United Nations was
established on what date?

A

October 24, 1945

37
Q

The first government-sponsored
international financial institutions were established: State the 2

A

INTERNATIONAL MONETARY FUND (IMF)

WOLD BANK (WB)

38
Q

Two types of international financial institutions

A
  1. Intergovernmental
  2. Private
39
Q

AN INTERGOVENMENTAL INSTITUTION, Its aim is
to end extreme poverty and promote shared prosperity in a
sustainable way.

A

WORLD BANK

40
Q

also an intergovernmental institution, works to faster global operation, secure financial stability, facilitate international monetary

A

IMF

41
Q

An American multinational investment banking and financial corporation. It is the fourth largest bank in the US

A

Citigroup

42
Q

The wealth management division
of the Bank of America.

A

Merril Lycnh

43
Q

It was the result of the establishment of a global economy that involved the homogenization of trade and commerce.

A

GLOBAL MARKET INTEGRATION

44
Q

MNC’s and global corporations both have local branches in many coutries but MNC’s adjust their products to certain countrys’ culture.

(T & F)

A

TRUE

45
Q

A situation in which one nation assumes economic power or influence over the others.

A

Global Economic Imperialism

46
Q

A political community that emanates from civic society.

A

Nation-State

47
Q

What are the different companies or the 4 types of global corporations

A
  1. International companies
  2. Multinational companies
  3. Global companies
  4. Transnational companies
48
Q

Company is involved in exporting and selling its goods and/or services to other nations, but other than exporting (and/or importing, such as purchasing raw materials), has no other investment in these other nations.

A

International companies

49
Q

Company has establishments in the nations it chooses to operate in, not just sales. There’s central headquarters, but the branches of the business in different countries are in charge of somewhat localizing the products and the marketing to fit the culture.

A

Multinational companies

50
Q

A business with heavy operations in multiple nations. It is incredibly complex, as each local branch has its own decision-making power, its own markets and its own product selection.

A

Transnational Compoanies

51
Q

Has investment and business in the countries in which it chooses to operate. It’s central headquarters of the business makes the decisions for driving the business, and the same product(s) are offered in every country, regardless of local culture and tastes.

A

Global Company

52
Q

Modes of thought/ system of widely shared ideas.

A

Ideology

53
Q

A compulsory political organization with a centralized government that maintains the legitimate use of force within a certain territory.

A

STATE

54
Q

emphasizes the organic ties that hold groups of people together and inspire a sense of loyalty and belonging-i.e.,
ethnicity, language, religion ad others

A

Nation

55
Q

A political community that emanates from CIVIC SOCIETY to legitimately execute peace.

A

Nation-state

56
Q

It can manipulate competitive advantages with international and political issues, transnational civil society organizations, and multinational companies.

A

Nation states

57
Q

Effects of Globalization to Nation State. Enumerate the 5 effects

A
  1. Globalization is seen to impose a forced choice upon nation-states
  2. The establishment of economic and political integrations
  3. The establishment of
    international laws and principles.
  4. The rise of transnational activism.
  5. The creation of new
    communications network.
58
Q

Their aims is to foster strong economic, political, cultural, and educational, and technical intergovernmental relationships.

A

INTERGOVERNMENTAL ORGANIZATIONS

59
Q

Anchored on the opinion that nationalism should be outrun because links that bind people of different countries are more powerful than those that disconnect them.

A

Internationalism

60
Q

An attitude that seeks to understand all the interconnections of the modern world and to highlight
patterns that underlie them. It pursues and explain to describe a world that is characterized by a network of connections that span multi-continental distances.

A

Globalism

61
Q

Proposes that nations must give up their freedom and submit to a larger system of laws that is embodied by common international principles

A

Liberal internationalism

62
Q

based on the view that capitalism is a global system and that the working class must unite as a global class to forward the struggle against capitalism

A

Socialist internationalism

63
Q

is a facet of contemporary political globalization that seeks to form collaboration among nation-states through the establishment of intergovernmental organizations.

A

Global Interstate System

64
Q

Makes world affairs systematic, secured, and formulaic.

A

Global Governance

65
Q

Totality of norms, laws, policies and bodies that define,
comprise and facilitate transnational relations between citizens,
states, cultures, intergovernmental, and non governmental organizations ( Weiss and Thakur, 2014).

A

Global Governance

66
Q

It carries the functions of delivering humanitarian aid, promoting
sustainable development, and upholding international law.
—It is also a space for its members to manifest their perspectives
through its core organs and committees

A

THE UNITED NATIONS (UN)

67
Q

The largest intergovernmental organization in the world, with a current membership of 193 member states and two permanent non-member observer states (Palestine and Vatican City/Holy See).

A

THE UNITED NATIONS (UN)

68
Q

The Six organs of United Nations

A

…

69
Q

The central deliberative and the only organ where all member-states have equal representation in discussion, coordination, and policy making.

A

The General Assembly

70
Q

The organ which has the commitment to preserve peace and security.

A

The Security Council

71
Q

The main organ for cooperation, policy review, policy dialogue, and advice on social, economic, and environmental issues.

A

The Economic and Social Council

72
Q

The organ tasked to administer
international oversight for 11 trust territories and to make
sure that adequate procedures are taken for independence
and self-government.

A

Trusteeship Council

73
Q

The UN’s prime judicial organ.

A

The International Court of Justice

74
Q

The organ tasked to execute the daily activities as assigned by the five other organs

A

The Secretariat

75
Q

Was set to promote sustainable
development. In 2015, these was changed to the Sustainable
Development Goal’s (SDG’s)

A

The Millennium Development Goal

76
Q

Goodluck!!

A

<333

GeSocSci 4 (1 decks)

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