L1: Defining Globalization

Question 1

A process of expanding various sociocultural and socio-ecological processes from national to international and transcultural level

Answer 1

Globalization

Question 2

A measurement of flows and interconnection of a country to other global players through exchange in trade, capital, people, and information

Answer 2

Global Connected Index

Question 3

When was the peak of the world’s level of connectedness based on GCI 2018 report?

Answer 3

2017

Question 4

Which country is the world’s most globally connected country?

Answer 4

Netherlands

Question 5

Which continent is the most highly globally connected?

Answer 5

Europe

Question 6

Economies in SEA have exceeded expectatoons for gloab connectivity. Which countries are those?

Answer 6

Cambodia, Malaysia, Singapore, and Vietnam

Question 7

The process that focuses on the movement of trade

Answer 7

Globalization

Question 8

What are the four key shifts in society as identified by Scholte?

Answer 8

1) Growth of trans- and supra-territorial connectivity
2) The shift from Capitalism to Hyper-Capitalism focused on production
3) A move from nationalism toward identifying pluralism and hybridity
4) From Rationalism toward Knowledge Reflexivity

Question 9

What are the factors driving globalization mentioned in the book?

Answer 9

Reduction of trade barriers and modern technology developments

Question 10

WTO was founded in 1994. What were they previously?

Answer 10

Agreement on Tariffs and Trade (GATT)