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Introduction to Globalization Flashcards

1
Q

The process of integrated economies, cultures, and societies across the world

A

Globalization

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2
Q

What is a major driver of globalization?

A

Technological advancements

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3
Q

True or false: Globalization has only positive impacts on society

A

False

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4
Q

What is a challenge related to globalization?

A

Reduction in cultural diversity

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5
Q

According to Steger, Manfred, which best describes globalization?

A

The intensification of worldwide social relations linking distant locations

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6
Q

Globalization according to different scholars/sciences: Political scientist?

A

Challenge to the nation state

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7
Q

Globalization according to different scholars/sciences: Economist

A
  • Increased free trade
  • Speed of trade (Milliseconds to trade shares)
  • Global economic organizations
  • Regional trade blocs
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8
Q

A policy followed by some international markets in which countries’ governments do not restrict imports from, or exports to, other countries

A

Free trade

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9
Q

This is exemplified by the European Economic Area and the Mercosur, which have established open markets

A

Free trade

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10
Q

Global Economic Organization abbreviation: IMF

A

International Monetary Fund

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11
Q

Global Economic Organization abbreviation: WTO

A

World Trade Organization

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12
Q

Global Economic Organization abbreviation: WB

A

World Bank

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13
Q

Global Economic Organization abbreviation: OECD

A

Organization for Economic Cooperation and Development

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14
Q

Global Economic Organization abbreviation: WEF

A

World Economic Forum

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15
Q

Global Economic Organization abbreviation: Amongst the given list from the slide, this has numbers in it

A

G20

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16
Q

Global Economic Organization abbreviation: ILO

A

International Labour Organization

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17
Q

Global Economic Organization abbreviation: UNCTAD

A

United Nations Conference on Trade and Development

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18
Q

Global Economic Organization abbreviation: APEC

A

Asia-Pacific Economic Cooperation

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19
Q

Global Economic Organization abbreviation: G7?

A

Group of Seven

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20
Q

Global Economic Organization abbreviation: Starts with B

A

BRICS

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21
Q

Global Economic Organization abbreviation: UN ECOSOC

A

United Nations Economic and Social Council

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22
Q

Global Economic Organization abbreviation: G8

A

Group of 8

23
Q

Global Economic Organization abbreviation: OPEC

A

Organization of Petroleum Exporting Countries

24
Q

Global Economic Organization abbreviation: UNDESA

A

United Nations Department of Economic and Social Affairs

25
Q

The _____ permits the existence of trade blocks

A

World Trade Organization

26
Q

The WTO permits the existence of trade blocks, provided that they result in _______ protection against outside countries than existed before the creation of trade bloc

27
Q

EU stands for?

A

European Union

28
Q

A customs union, a single market, and now with a single currency

A

European Union

29
Q

EFTA stands for?

A

European Free Trade Area

30
Q

NAFTA stands for?

A

North American Free Trade Agreement

31
Q

What are the 3 countries involved in NAFTA

A

USA, Canada, and Mexico

32
Q

A customs union between Brazil, Argentina, Uruguay, Paraguay, and Venezuela

33
Q

ASEAN stands for?

A

Association of Southeast Asian Nations

34
Q

AFTA stands for?

A

ASEAN Free Trade Area

35
Q

COMESA stands for?

A

Common Market of Eastern and Southern Africa

36
Q

SAFTA stands for?

A

South Asian Free Trade Area

37
Q

SAFTA was created when?

38
Q

Give two countries belonging in SAFTA

A

India and Pakistan

39
Q

When was Pacific Alliance made?

40
Q

A regional trade agreement between Chile, China, Colombia, Mexico, and Peru

A

Pacific Alliance

41
Q

TPP stands for?

A

Trans-Pacific Partnership

42
Q

A proposed free-trade agreement being negotiated during 2013 between Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietname

A

Trans-Pacific Partnership

43
Q

Globalization according to different scholars/sciences: Scholar of Culture and Communication

A
  • “Global village”
  • Communications technology is “shrinking” our world
  • “Cultural Imperialism”
44
Q

What is global village?

A

Media has connected the world in ways that created a global village (McLuhan, 1964)

45
Q

Refers to the dominance of one culture over others, often as a result of colonization, globalization, or other forms of political or economic power

A

Cultural Imperialism

46
Q

Who said and when was “Globalization refers to the expansion and intensification of social relations and consciousness across world time and world space” said?

A

Steger, 2013

47
Q

4 Attributes of Globalization

A
  1. Various forms of connectivity
  2. Expansion and stretching of social relations
  3. Intensification and acceleration of social exchanges and activities
  4. Occurs subjectively
48
Q
  1. Diverse (can be economic, political, cultural, etc.)
  2. Enabled by various factors, pressures, media, etc.
  3. Uneven (different degrees of interconnection)
A

Various forms of connectivity

49
Q

A. From snail mail to Facebook
B. Live television
C. Increased travel (cheap flights)

A

Intensification and Acceleration of Social Exchanges and Activities

50
Q

A. We think about the world
B. We associate ourselves with global trends (fan of K-POP)
C. Hopefully, we feel some sense of responsibility (climate change)

A

Occurs Subjectively

51
Q

“Different “globalities” represent different forms of globalization” is stated by?

A

Flusty (2004)

52
Q

Core claims of globalization?

A
  1. Liberation and integration of market
  2. Inevitable and irreversible
  3. Nobody is in charge
  4. Benefits everyone in the long run
  5. Furthers the spread of democracy
53
Q

Nearly _____ dollars accounts for the total value of imports/exports that cross national borders each year

A

23 trillion

CWORLD (12 decks)

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