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The Contemporary World > Lesson 3-4 > Flashcards

Lesson 3-4 Flashcards

1
Q

Are chartered in the early 16th century

A

Corporation

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2
Q

It is the legal entity in a form of business corporation run by separate and individual owners

A

Corporations

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3
Q

When did the first wave of globalization take place?

A

end of 18th century

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4
Q

Great Britain had started to dominate the world geography, through the establishment of the British empire by collecting raw materials from different territories and devloping it for their own resources

A

First wave of globalization

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5
Q

When did second and third wave of globalization took place?

A

1870-1914

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6
Q

second and third phase is also called as

A

new imperialism

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7
Q

What countries are involved in the rising of imperialism in the new imperialism?

A

USA, Belgium, Japan, Germany

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8
Q

What are the technologies that aided the global economy in the second industrial revolution?

A

Cars and plane

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9
Q

This is the period where global trade is involved and starting to arise

A

second and third wave of globalization

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10
Q

A technology arises out of the third industrial revolution

A

Internet

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11
Q

Globalization has been a near constant for a thousand centuries, but was greatly restrained by slow pace

A

True

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12
Q

A ___ is generally referred to as a multi-national corporations (MNC) and transnational corporations (TNC)

A

Global company

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13
Q

Operates in 2 or more countries (usually 3rd world countries) to leverage the global environment to approach varying markets in the generation

A

MNC and TNC

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14
Q

Are a part of a company that is controlled by the parent company to strengthen its power

A

Subsidiaries

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15
Q

4 forms of Global Corporations?

A

International companies, mult-national companies, transnational companies, global companies

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16
Q

it has no foreign investments, and they make this product or service only in their home country

A

International companies

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17
Q

they invest directly in foreign assets, whether its a lease contract on a building to a house service operations, a plant on a foreign soil or a foreign marketing campaign

A

Multi-national companies

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18
Q

They are the more famous kind of corporation and they also cannot decide on their own. They have to be regulated by their home country

A

Multi-national companies

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19
Q

They are very complex and very difficult to manage.

They invest directly in dozens of countries and experience strong pressure both for cost reduction and local responsiveness

A

Transnational companies

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20
Q

They can decide on their own without home country regulation

A

Transnational companies

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21
Q

They have investments in dozen of countries but maintain a strong headquarter in one country

A

Global companies

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22
Q

(true or false) Globalization is evolving

A

True

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23
Q

Who proposed the three structural periods of globalization?

A

Gereffi

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24
Q

What are the three structural periods according to G (question 23)

A

investment-based globalization, digital-based globalization, trade-based globalization

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25
Q

the global reach of a vertically integrated TNC dates from the 19th century in primary products such as oil, mining, agriculture, and automobile in 20th century

A

Investment-based globalization

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26
Q

Establishment of corporations, foreign corporations, etc

A

Investment-based globalization

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27
Q

In the mid-1990s, the information revolution and a growing acceptance of the Internet began to create an explosion in connectivity due to open and almost cost-free exchange of a widening universe of rich information

A

Digital-based globalization

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28
Q

This includes online shopping, online delivery, and etc which emerged by the growing existence of Internet

A

Digital-based globalization

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29
Q

A type of economic globalization and a measure of economic integration

A

Trade-based globalization

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30
Q

It loosely represents the proportion of all production that crosses the boundary of a country focusing on the dependence upon external trade

A

Trade-based globalization

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31
Q

In the 1970, there was marked shift to export oriented industrialization as a preferred development strategy in many parts of the developing world beginning with East Asia but later on spreading to Latin America, Africa and everywhere else in 1980.

This shift in the national development strategies toward exports was premised on the rapid and diversified industrialization of a wife range of developing nations

A

Trade-based globalization

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32
Q

Countries forming alliances and partnership (nilateral trade partnership) across other countries

A

Trade-based globalization

33
Q

Is a long term investment made by a firm or individual in one foreign country

A

Foreign Direct Investment

34
Q

Eponymous manufacturing system design to spew out standardized, low-cost goods, and affords its workers decent enough wages to buy them

A

Fordism

35
Q

This is the model of economic expansion and technological progress based on mass production– the manufacture of standardized products in huge volumes using special purpose machineries and unskilled labours

A

Fordism

36
Q

3 major principles of fordism (major successes stemmed from three major principle)

A
  1. Standardization of products (nothing is handmade, but instead machine made)
  2. The employment of assembly lines which uses special purpose and equipment to allow unskilled workers to contribute to the finished product
  3. Worker are paid a higher living wage so that they can afford to purchase the products they make
37
Q

2 established distinct types of international economic network

A

producer-driven chains and buyer-driven commodity chains

38
Q

This is where a specific product is manufactures, formed, and controlled

A

producer-driven chains

39
Q

Are those in large, usually traditional manufacturers play the central roles in coordinating production networks

A

producer-driven chains

40
Q

Refers to the industries in which large retailers, marketers, and (branded) manufacturers exports goods in different countries across the world (E.g. Walmart)

A

buyer-driven commodity chains

41
Q

Is a concept created to increase consumer satsfaction and survive increasing competition from new competitors

A

QR management

42
Q

What is Qr means

A

Quick-response

43
Q

It iintends to shorten the lead time from receiving an order to delivery of the products and increase the cash flow

A

QR Management

44
Q

What are the 2 general kinds of corporations?

A

State owned companies and private owned companies

45
Q

Is a term in the Philippines used to describe the government-owned corporations that conduct both commercial and non-commercial activity

A

Government-Owned and Controlled Corporation

46
Q

Is the government’s central advisory and oversight body over the public corporate sector

A

the governance commission

47
Q

GOCC are overseen by GCG (Governance Commission for Government Owned or Controlled Corporations)

A

GOCC Governance act of 2011 (RA. 10149)

48
Q

The act or the process of transferring a public company to a private one

Outsourcing of the public services to private services

A

Privatization

49
Q

To further liberalize international trade, developed countries have pursued new neighbors

A

GATTS

50
Q

Meaning of GATTS

A

General Agreement on Tariffs and Trade in Services

51
Q

TISA negotiating stances revealed wide differences in offers to revise market access for sectors including delivery services, ecommerce, finance telecommunications, air maritime, and road transport services

A

GATTS

52
Q

Meaning of TISA

A

Trade in Services Agreement

53
Q

Is a self-regulating business model that helps a company be socially accountable– to itself, its stakeholders, and the public

A

Corporate Social Responsibility

54
Q

Corporate Social Responsibility is also known as

A

Corporate citizenship

55
Q

By practicing this, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental

A

Corporate Social Responsibility

56
Q

According to him, globalization is one of the most foremost debated concept in the late 20th century

A

Manfred Steger

57
Q

This is one of the most foremost debated concept in the late 20th century and scholars speculated the diminishing role of states as a vehicle thriving which political communities organize themselves in the era to come

A

Globalization

58
Q

When did the idea of creating EU was finalized?

A

After WW2

59
Q

Aims to stop wars to cultivate between its boundaries like what happened in the former war

A

European Union

60
Q

What are the 6 founding countries of EU?

A

Belgium, Germany, Italy, The Netherlands, Luxembourg, France

61
Q

When did the economic abundance growth started?

A

1960s

62
Q

(true or false) with the agreement of trade between groups, they soon experience a shortage agriculture produce

A

False (surplus agriculture produce)

63
Q

(true or false) In the recent decade (2000-present) the EU membership continues to expand and this is a challenege to the organization

A

True

64
Q

(true or false) the famous phrase “no man is an island” can also be applied to countries

A

True

65
Q

For the countries to ensure the economic growth and security, it must have a ____to rely on

A

Partner country

66
Q

According to Manfred Steger, this is commonly equated with the rising momentum of global free-market capitalism

A

Globalization

67
Q

The name UN was coined by?

A

Former president Franklin D. Roosevelt

68
Q

When was UN coined?

A

Declaration by United Nations of 1 January 1942

69
Q

How many member states does UN have?

A

193

70
Q

Was formed to fight against injustices, inequalities, or disadvantages of any countries

A

United Nations

71
Q

Aims to be united as one with the countries all over the world to fight and maintain peace and prosperity

A

United Nations

72
Q

Can be defined as the mobilization of collective claims and/or addressing more than one national government and/or international government

A

Transnational activism

73
Q

Is being held as a possibility for change and is already becoming a fast and trending phenomenon of the result of globalization

A

Transnational activism

74
Q

According to them, “The world’s digital citizens are fortunate to grow with the Internet across the world and to have the capability to make the most of cyberspace as they now face the inevitable to seek information and evaluating for themselves which sources are credible and compiling enough to follow”

A

Morris (2021)

75
Q

According to the, “Good citizenship in the global media takes effort but the results are many.”

A

Jamieson and Capilla (2016)

76
Q

Station of the world

A

Internet

77
Q

We are connected to the world through media and Internet

A

Global citizen

78
Q

Is a system by which countries and nations across the globe use to depend upon each other’s strength like natural resources, raw materials, and military reinforcement

A

Economic interdependence

The Contemporary World (2 decks)

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