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Midterm Reviewer Flashcards

1
Q

It is the expansion and intensification of social relations and consciousness across world-time and across world-space infers that it has various forms of connectivity.

A

Globalization

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2
Q

is the social science that studies how people choose to use limited or scarce resources in attempting to satisfy their unlimited wants and needs.

A

Economics

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3
Q

Kinds of things that cross international borders: goods and services

A

Trade

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4
Q

Kinds of things that cross international borders: – immigrants, refugees, tourists

A

People

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5
Q

Kinds of things that cross international borders: money, investment

A

Capital

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6
Q

Kinds of things that cross international borders: You can easily call or email people around the world

A

Communication

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7
Q

Kinds of things that cross international borders: art, music, cuisine

A

Culture

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8
Q

It is a corporate organization that owns or controls production of goods or services in at least one country other than its home country.

A

Multinational Companies

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9
Q

Who stated this quote: “The global capitalist system has produced a very uneven playing field”

A

Soros

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10
Q

The most important and most obvious barriers to global flows are those constructed by _______

A

nation-states

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11
Q

16th century to the 18th century: countries competed with one another to sell more goods as a means to boost their country’s income

A

Monetary Reserves

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12
Q

It is the latin word for Colonialism, meaning farmer

A

Colonus

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13
Q

One country takes control of a geographic area that involves the settlement of settlers

A

Colonialism

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14
Q

refers to the “various methods that one country employs to gain political, economic and military control over another country or geographic area.

A

Imperialism

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15
Q

It draws attention to the way that one country exercises power over another, whether through settlement, sovereignty, or indirect mechanisms of control.

A

Imperialism

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16
Q

It means the practice, the theory, and the attitudes of the dominating core in ruling the distant territory

A

Imperialism

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17
Q

It is usually the consequence
of imperialism, is the implanting of settlements on distant territory”.

A

Colonialism

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18
Q

It caused Manila to become one of the world’s greatest ports, serving as a trade port between China and Europe.

A

Manila Galleon Trade

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19
Q

How long did it take for the Manila Galleon trade to sail across the Pacific Ocean from Manila to Acaculpo

A

4 to 6 months

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20
Q

What year did it start and end the Spanish sailing vessel that made annual round trips across the Pacific between Manila (the Philippines), and Acapulco (now Mexico)

A

1565 to 1815

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21
Q

On what age that the Galleon Trade happened?

A

Mercantilism

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22
Q

Colonialism had left the territories with environments severely ravaged (liquidated/ extracted)

A

True

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23
Q

(True or False) The education of most populations was not neglected in the world of Colonialism.

A

False

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24
Q

(True or False) Severe ethnic and religious tensions were not sowed in the world of Colonialism

A

False

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25
Q

(True or False) Most former colonies had economies and infrastructure
based on the export of a of agricultural crops and minerals in the world of Colonialism.

A

True

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26
Q

(True or False) Most had weak to no democratic institutions, many of these colonies were unprepared for statehood or economic prosperity.

A

True

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27
Q

The era of when colonial masters depart from their former colonies.

A

Post-Colonial Period

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28
Q

According to Ritzer and Dean, it “to the various developments that take place in a former colony after the colonizing power departs”.

A

Postcolonialism

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29
Q

In the Post-Colonial Era, colonial systems have largely Disappeared, this power relationship continues through ___________

A

Global Financial Institutions

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30
Q

It is a network of pathways in the ancient world that spanned from China to what is now the Middle East and to Europe.

A

Silk Road

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31
Q

(True/False) Silk is the oldest known international trade route.

A

True

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32
Q

(True/False) Silk road was a global trade route.

A

False

because it had no ocean routes that could
reach the American continent.

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33
Q

It is the island group in the south west of the Mindanao and northeast of Borneo

A

Sulu

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34
Q

It established the Sultanate of Sulu

A

Abu Bakr

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35
Q

What year was the Sultanate of Sulu established?

A

1950

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36
Q

By the middle of the 16th century, the Sulu Sultanate was alreadyhaving entered treaties with Spain in 1578, Britain in 1761, the French in 1843 and the Americans in 1842, 1899 and 1915. What are they considered as?

A

de facto and de jure nation state

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37
Q

What recurrence after the end of WW II that was a great fear, especially because of the
difficulties those societies would have in absorbing the massive manpower created by the demobilization of the military when the war ended.

A

Depression

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38
Q

(True / False) There was also fear of a resurrection of barriers to trade and the free flow of money that had become commonplace prior to WW II.

A

True

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39
Q

The background of this system was to focus of the planners was on reducing trade barriers and on creating conditions necessary for the free flow of money and investment.

A

Bretton Woods System

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40
Q

Each participating state would establish a ‘par value for its currency expressed in terms of gold or (equivalently) in terms of the gold value of the US dollar as of July 1944

A

First Element of Bretton Woods System

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41
Q

What country has the largest gold reserves of June 2019?

A

USA

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42
Q

The official monetary authority in each country (a central bank or its equivalent) would agree to exchange its own currency for those of other countries at the established exchange rates, plus or minus a one - percent margin “

A

Second Element of Bretton Woods System

43
Q

It was created to establish, stabilize, and oversee exchange rates.

A

International Monetary Fund (IMF)

44
Q

The creation of International Monetary Fund

A

Third Element of Bretton Woods System

45
Q

The member states agreed to eliminate, at least eventually, “all restrictions on the use of its currency for international
trade” (Boughton 2007 : 107).

A

Fourth Element of Bretton Woods System

46
Q

The entire system was based on the US dollar (at the end of WW II the US had about three - fourths of the world ’ s gold supply and accounted for over one - fifth of world exports).

A

Fifth Element of Bretton Woods System

47
Q

What Date did the Bretton Woods System die?

A

August 15, 1971

48
Q

Who took the US off the gold standard, resulting in a devaluation of the dollar and the end of the standard by which the currencies of other nations operated?

A

President Richard Nixon

49
Q

He believes that economic crises occur not when a country does not have enough money BUT when money is not being spent and, thereby, not moving.

A

John Maynard Keynes

50
Q

Economies slows down then Governments have to reinvigorate in managing spending served as the anchor for what would be called a system of

A

Global Kynesianism

51
Q

A financial institution that responsible for funding postwar reconstruction projects

A

International Bank for Reconstruction and Development (IBRD) or World Bank

52
Q

Global lender of last resort to prevent individual countries from
spiraling into credit crises.

A

International Monetary Fund (IFM)

53
Q

What years were the start and end of the High Point of Keynesian

A

Mid 1940s to the early 1970s

54
Q

Governments poured money into their economies, allowing people to purchase more goods and, in the process, increase demand for these products. Then prices increases.

A

High Point of Keynesian

55
Q

Friedrich Hayek and Milton Friedman argued that the Government
intervention in economies distort the proper functioning of the
market.

A

High Point of Keynesian

56
Q

Who disproportionately controlled the World Bank and IMF, making loans to countries in the periphery and semi-periphery.

A

Rich Core Countries

57
Q

Although 130 former colonies gained their independence over the course of the twentieth century, Exploitation continues today
through ___________.

A

Neocolonialism

58
Q

What is the English word of the Greek word neo?

A

new

59
Q

It is a new form of global power relationships that involves not direct political control but economic exploitation by multinational corporations.

A

Neocolonialism

60
Q

It is a large business that operates in many countries

A

Multinational Corporation

61
Q

They often impose their will on countries in which they do business to create favorable economic conditions for the operation of their corporations, just as colonizers did in the past.

A

Corporate Leaders

62
Q

A prime example of a nation struggling economically as a result of hundreds of years colonial exploitation by
the Spaniards and the Americans.

A

Philippines

63
Q

With more than $1 billion in
debt to China, Sri Lanka handed
over a port to companies
owned by the Chinese (2017) .In a form of lease for how many years?

A

99

64
Q

(True / False) Colonization established a legacy that forms the basis of the global economy by positioning some countries as sources of resources, cheap
labor, and markets.

A

True

65
Q

(True / False)
It left a political legacy of weak governments run by oligarchies,
monarchies, or dictators eager for the rewards that
resource wealth and strategic alliances can bring.

A

True

66
Q

(True / False) An excellent way of understanding how colonialism shaped global political and economic hierarchy of societies of today is through Immanuel Wallerstein’s model of the capitalist world economy.

A

True

67
Q

It suggests that the prosperity of some nations and the poverty and dependency of other countries is intentional as a result of the global economic system.

A

Wallerstein’s World Systems Theor

68
Q

These countries are dominant capitalist countries characterized by high levels of industrialization and urbanization

A

Core Countries

69
Q

These countries are dependent on core countries for capital, and have very little industrialization and urbanization

A

Peripheral Countries

70
Q

These countries are less developed than core nations but are more developed than peripheral nations.

A

Semiperipheral Countries

71
Q

(True / False) Globalization affects national governments by External pressures on states compel conformity to global
standards/ Globalization pressures confront states with a
variety of potential costs if they refuse to comply and promise
benefits if they do.

A

True

72
Q

(True / False) Globalization affects national governments by
states conforming global standards to
gain admission to
regional and interest-based alliances, such as the ASEAN and APEC, to receive loans, attract investments, gain trading partners, or simply maintain a good reputation and legitimacy in the eyes of their domestic audience, their allies and the world generally.

A

True

73
Q

(True / False) Globalization affects national governments by Bestowing legitimacy on a state government is an important function of globalization

A

True

74
Q

(True / False) Globalization affects national governments by Internal pressures for change come from citizens and other state actors such as institutions and NGOs.

A
75
Q

It is a set of composite indicators governance published by World Bank

A

Worldwide Governance Indicators (WGI)

76
Q

Voice and Accountability;
Political Stability and Absence of
Violence/Terrorism;
Government Effectiveness;
Regulatory Quality;
Rule of Law; and
Control of Corruption.

A

WGI

77
Q

It occurs in different mechanisms:
The human development report
The bottom billion
The global digital divide

A
78
Q

It generally accepted as the economically developed and wealth countries, most of whom are former colonizers.

A

Global North

79
Q

(True / False) In Wallerstein’s terminology, the global north make up the core countries.

A

True

80
Q

It refers broadly to the regions of Latin America, Asia, Africa, and Oceania.

A

Global South

81
Q

According to the human development report, which class that is one fifth of the world’s population consume 86% of all world’s goods and services?

A

rich

82
Q

According to the human development report, which class that is one fifth of the world’s population consume 1.3% of all world’s goods and services?

A

poor

83
Q

It is an international measure of acute
multidimensional poverty covering over 100
developing countries.

A

Multidimensional Poverty Index

84
Q

(True / False) Broadband (or high-speed) internet access is not a luxury, but a basic necessity for economic and human development in both developed and developing countries.

A

True

85
Q

It is created by the political power, economic dependence, and importation/exportation of resources

A

Double Divide

86
Q

(Collier’s Trap) The roots of the conflict have been the clash of interests in land and other natural resources

A

National resources Trap

87
Q

(Collier’s Trap) A bad government with bad policies can not only inhibit an economy from growing, but it can literally destroy the economy.

A

Bad Governance Trap

88
Q

(Collier’s Trap) Wars in the country

A

Conflict Trap

89
Q

(Collier’s Trap) When a country is resource scarce and has poor transportation links to the coast

A

Trap of being Landlocked

90
Q

In a broad terms, it may refer to as the structures, processes and arrangements that are working towards greater coherence within a specific international region in terms of economic, political, security, socio cultural and other kinds of linkages.

A

Regionalism

91
Q

(True / False) Regional arises as a result of micro-level processes that stem from regional concentration of interconnecting private pr civil sector activities, and this may be specifically referred to as regionalisation

A

True

92
Q

(True / False)
Regional arises as a result of Public policy initiatives, such as a free trade agreement or other stateled projects of economic cooperation and integration that originate from inter governmental dialogues and treaties, which may be specifically referred to as regionalism.

A

True

93
Q

(True / False)
Regionalism does not limit only to political and economic phenomenon

A

True

94
Q

(True / False) Regionalism can be examine in relation to identities, ethics, religion, ecological sustainability and health

A

True

95
Q

(True / False) Regionalism is a process, thus must be treated as an emergent, socially constituted phenomenon.

A

True

96
Q

It means region are not natural or given but rather, they are constructed and defined by policymakers, economic actors, and even social movements.

A
97
Q

Economic and Political definition of regions vary according to

A

Edward D. Mansfield and Helen V. Milner

98
Q

(True / False) A group of countries located in the same
geographically specified area.

A

True

99
Q

(True / False) Regionalization must not be use interchangeably with Regionalism

A

True

100
Q

It refers to the “regional
concentration of economic flows”

A

Regionalization

101
Q

formed during the cold war when several Western
European countries plus the United States agreed to protect
Europe against the threat of the Soviet Union.

A

North Atlantic Treaty Organization (MATO)

102
Q

Established in 1960 and the members are Iran, Iraq, Kuwait, Saudi Arabia and Venezuela to regulate the production and sale of oil

A

Organization of the Petroleum Exporting Countries (OPEC

103
Q

To pursue world peace and international cooperation, human rights,
national sovereignty, racial and national equality, non -intervention,
and peaceful conflict resolution.

A

Non-Aligned Movement (NAM)

104
Q

It is a sub-regional economic cooperation designed to spur economic
development in the lagging sub-economies.

A

BIMP-EAGA

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