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Contemporary World > Lesson 2 > Flashcards

Lesson 2 Flashcards

1
Q

it is independent political communities each of which possesses a government and asserts sovereignty about a particular portion of the earth’s surface and a particular segment of a human population

A

State

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2
Q

a nation or territory considered as an organized political community under one government

A

State

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3
Q

it is an association, and it means a nation or territory considered an organized political community under one government.

A

State

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4
Q

it is the political organization that has supreme civil authority and political power and serves as the basis of government

A

State

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5
Q

A government or politically organized society that has a particular character

A

State

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6
Q

is a concept used within world-systems theory to describe the system of state relationships that arose either as a concomitant process or as a consequence of the development of the capitalist world-system over the course of the “long” 16th century.

A

interstate system

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7
Q

all states are defined through their relationship to other states or through participation in the world economy

A

theory of the interstate system

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8
Q

it has a muti-state political structure, and therefore, its division of labor is the international division of labor.

A

Modern world system

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9
Q

The world is divided based on the capital or wealth

A

Modern World System

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10
Q

Defined by the existence of a division of labor

A

world system

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11
Q

What is the three zones under the division of labor in the modern world system according to the prevalence of profitable industries or activities

A
  • Core
  • Semi-periphery
  • periphery
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12
Q

it consists of the strongest and most powerful nations in which technologically advanced, capital intensive products are produced and exported to the semi-periphery and the periphery.

A

core

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13
Q

the state has developed strong central government, bureaucracies and large mercenary armies

A

core

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14
Q

high income nations in the world economy

A

core

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15
Q

manufacturing base of the planet

A

core

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16
Q

dominant capital countries that exploit peripheral countries for labor and raw materials

A

core

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17
Q

consists of industrialized Third World nations that lack the power and economic dominance of the core nations (Brazil is one example)

A

semi-periphery

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18
Q

middle income nations

A

semi-periphery

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19
Q

closer ties to the global economic core

A

semi-periphery

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20
Q

contain same characteristics of both core and periphery country

A

semi-periphery

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21
Q

consists of nations whose economic activities are less mechanized and are primarily concerned with exporting raw materials and agricultural goods to the core and semi-periphery

A

periphery

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22
Q

low incomed countries whose natural resources or labor supports the wealthier countries

A

periphery

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23
Q

working for multinational corporations under neocolonialism

A

periphery

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24
Q

Dependent on core countries for capital and have underdeveloped industry

A

periphery

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25
Q

the primary international organization that governs global trade

A

World Trade Organization (WTO)

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26
Q

It sets rules and regulations for international trade, promotes liberalization, and resolves trade disputes among member countries

A

World Trade Organization (WTO)

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27
Q

also provides a forum for negotiations on trade agreements and facilitates the smooth functioning of the global trading system

A

World Trade Organization (WTO)

28
Q

an international financial institution that promotes global monetary cooperation, financial stability, and economic growth.

A

International Monetary Fund (IMF)

29
Q

It provides financial assistance and policy advice to member countries facing economic difficulties.

A

International Monetary Fund (IMF)

30
Q

monitors global economic and financial developments and offers guidance on macroeconomic policies.

A

International Monetary Fund (IMF)

31
Q

consists of several institutions, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)

A

World Bank Group

32
Q

These institutions provide financial and technical assistance to developing countries for development projects such as infrastructure, education, and healthcare.

A

World Bank Group

33
Q

conducts research and analysis on global development issues.

A

World Bank Group

34
Q

comprises 5 institutions

A

World Bank Group

35
Q

it is an intergovernmental organization that addresses a wide range of global issues, including peace and security, human rights, social development, and international cooperation.

A

United Nations (UN)

36
Q

It provides a platform for member states to collaborate on various global challenges and works towards promoting peace, sustainable development, and human well-being

A

United Nations (UN)

37
Q

It focuses on major global economic issues such as international financial stability, climate change mitigation, and sustainable development

A

Group of Twenty (G20)

38
Q

it is an intergovernmental forum comprising 19 countries and the European Union

A

Group of Twenty (G20)

39
Q

is made up of a mix of industrialized and emerging economies, representing over two-thirds of the worldwide population, 85% of global GDP, 80% of global investment, and over 75% of global commerce

A

G20 membership

40
Q

G20 Countries

A
  1. Argentina
  2. Australia
  3. Brazil
  4. Canada
  5. China
  6. European Union
  7. France
  8. Germany
  9. India
  10. Indonesia
  11. Italy
  12. Japan
  13. Mexico
  14. Russia
  15. Saudi Arabia
  16. South Africa
  17. South Korea
  18. Turkey
  19. United Kingdom
  20. United States
41
Q

Although not governmental in nature, this play a significant role in governing globalization

A

Non-Governmental Organizations (NGOs)

42
Q

They include organizations focused on human rights, environmental protection, humanitarian assistance, and social development

A

Non-Governmental Organizations (NGOs)

43
Q

often engage in advocacy, research, and monitoring activities to influence government policies, corporate practices, and global governance.

A

Non-Governmental Organizations (NGOs)

44
Q

These institutions and organizations form the institutional framework that governs various aspects of globalization, including trade, finance, development, and cooperation.

A

Non-Governmental Organizations (NGOs)

45
Q

They play a crucial role in setting standard, facilitating negotiations, coordinating policies, providing assistance, and addressing global challenges

A

Non-Governmental Organizations (NGOs)

46
Q

The effects of globalization

A
  1. Increased interdependence
  2. Economic integration
  3. Shift in sovereignty
  4. Policy harmonization
  5. Increased transparency and accountability
  6. Rise of non-state actors
  7. Cross-border challenges
47
Q

Globalization has led to increased economic, political, and social interdependence among nations.

A

Increased interdependence

48
Q

Governments are now more interconnected and mutually affected by policies and events in other countries.

A

Increased interdependence

49
Q

This requires governments to collaborate and engage in international institutions to address common challenges and pursue shared goals

A

Increased interdependence

50
Q

Globalization has facilitated the integration of national economies through trade liberalization and the removal of barriers to the flow of goods, services, and capital.

A

Economic integration

51
Q

Governments have had to adapt their economic policies to align with global standards and participate in regional and international trade agreements and organizations.

A

Economic integration

52
Q

While this has expanded opportunities for economic growth, it has also created challenges in terms of protecting domestic industries and workers

A

Economic integration

53
Q

Globalization has challenged traditional notions of state sovereignty.

A

Shift in sovereignty

54
Q

Governments now have to contend with supranational bodies such as the World Trade Organization (WTO) and international financial institutions that influence policy-making.

A

Shift in sovereignty

55
Q

They need to balance their national interests with the demands and regulations imposed by global governance structures.

A

Shift in sovereignty

56
Q

Globalization has influenced governments to harmonize policies and regulations to promote international cooperation and facilitate cross-border activities.

A

Policy harmonization

57
Q

This is evident in areas such as intellectual property rights, environmental standards, and financial regulations.

A

Policy harmonization

58
Q

Governments often need to align their policies with international norms to ensure compatibility and facilitate trade and investment

A

Policy harmonization

59
Q

Globalization has facilitated the flow of information and increased public awareness of government actions and policies.

A

Increased transparency and accountability

60
Q

Governments are now more exposed to scrutiny and accountability from their citizens and the international community.

A

Increased transparency and accountability

61
Q

This has led to demands for greater transparency, accountability, and good governance practices

A

Increased transparency and accountability

62
Q

Globalization has given rise to influential non-state actors such as multinational corporations, non-governmental organizations (NGOs), and international advocacy groups.

A

Rise of non-state actors

63
Q

These actors can exert significant influence on governments and shape policy agendas.

A

Rise of non-state actors

64
Q

Governments need to engage with and respond to the concerns and perspectives of these actors in order to effectively address global challenges

A

Rise of non-state actors

65
Q

Globalization has brought about new cross-border challenges that require coordinated government responses.

A
66
Q

Issues such as climate change, terrorism, cybercrime, and pandemics transcend national boundaries and necessitate international cooperation.

A

Cross-border challenges

67
Q

Governments need to work together to develop strategies, share information, and coordinate efforts to address these global challenges.

A

Cross-border challenges

Contemporary World (2 decks)

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