Module 1 : Introduction to Globalization

Question 1

is a comprehensive process which can be articulated as social system composing of coordinating relationship working together as one.

Answer 1

Globalization

Question 2

There are three domains of globalization namely: (PEC)

Answer 2

political, economic and cultural.

Question 3

delves from its historical perspective to the challenges of the state or a country.

Answer 3

Political

Question 4

What are the four elements of a state? (PTGS)

Answer 4

people, territory, government and sovereignty.

Question 5

which says that, no one is an island is applicable on the very existence of the state as such that it must interact with other states.

Answer 5

old adage

Question 6

are geographically separated by mountains and oceans

Answer 6

Nations

Question 7

involved Western Europe and the United States and was fought in the Atlantic.

Answer 7

World War I

Question 8

involved Allied and Axis. It is considered to be the bloodiest and the most terrifying war in history because atomic bomb was used in Hiroshima and Nagasaki.

Answer 8

World War II

Question 9

“Diversification
and globalization
are the keys to
the future.”

Answer 9

Fujio Mitarai

Question 10

“Too often we
participate in the
globalization of
indifference. May we
strive instead to live
global solidarity.”

Answer 10

Pope Francis

Question 11

It usually pertains to the integration of national markets to a wider global market signified by an increase in free trade.

Answer 11

Globalization

Question 12

They refer to the act of opposing trade deals among countries facilitated and promoted by international organizations such as the World Trade Organization (WTO)

Answer 12

Anti-Globalization

Question 13

refers to the expansion
and intensification of social relations
and consciousness across world-time
and world-space. It is a multi-
dimensional phenomenon involving
economics, politics, culture, ideology,
environment, and technology.

Answer 13

Globalization by Manfred B. Steger

Question 14

Major areas of Globalization (ECPE)

Answer 14

Economic globalization
Cultural globalization
Political globalization
Ecological globalization

Question 15

It is the increasing economic interdependence of
national economies across the world through a rapid increase in cross- border movement of goods, services, technology, and capital.

Answer 15

Economic globalization

Question 16

It is the transmission of ideas, meanings, and values around the world in such a way as to extend and intensify social relations.

Answer 16

Cultural globalization

Question 17

It is the growth of the worldwide political system, and its institutions in size and complexity.

Answer 17

Political globalization

Question 18

It accounts for the idea of considering planet Earth as a single global entity – a common good all societies should protect since the weather affects everyone and we are all protected by the same atmosphere.

Answer 18

Ecological globalization

Question 19

Basic Features of Globalization (TCMD)

Answer 19

Trade and Transactions
Capital and Investment Movements
Migration and Movement of People
Dissemination of Knowledge

Question 20

Forces of Globalization (HARI)

Answer 20

Advancement of Technologies
Reduction in Cross-trade Barriers
Increase in Consumer Demand
High Competition

Question 21

It is an ideology based on the belief that people, information, and goods should be able to cross national borders unrestricted.

Answer 21

Globalism

Question 22

The ideological component of globalization

Answer 22

Globalism

Question 23

It is the spread of technology, products, information, and jobs across nations.

Answer 23

Globalization

Question 24

It involves increasing interconnection between people and regions throughout the world.

Answer 24

Globalization

Question 25

Strengths of Globalization (5) (SCIBB)

Answer 25

• Broadens access to more goods and services at lower prices.
• Scaled up Businesses.
• Innovation.
• Better quality and variety.
• Cross-cultural exchange

Question 26

Flaws of Globalization (5)

Answer 26

• Growing inequality and exploitation
• Increased unemployment/job displacement rate
• Disproportional wealth.
• Trade and imbalance and weak regulations.
• Cultural homogenization

Question 27

It works to stabilize the system and help countries facing balance of payment and debt crises. 190 member countries

Answer 27

International Monetary Fund (IMF)

Question 28

Seeks to prevent conflict with global security norms and assistance for humanitarian crises. 193 member countries

Answer 28

United Nations (UN)

Question 29

Founded to help reconstruct postwar Europe, It now provides loans and policy advice to developing countries. 189 member countries

Answer 29

World Bank

Question 30

Sets rules for international trade and adjudicates trade disputes. 164 member countries

Answer 30

World Trade Organizations (WTO)