MODULE 2 END OF MODULE TEST

Question 1

It is a major driver of extended global corporate development

Answer 1

Foreign Direct Investment (FDI)

Question 1

What are the 4 structures of Globalization?

Answer 1

1.The Global Economy
2. Market Integration
3.The Global Interstate System
4. Contemporary Global Governance

Question 2

This is the power of national governments to make decisions independently of those made by other governments

Answer 2

Economic sovereignty

Question 3

This is a product of neo-liberal paradigm shifts in international political and economic relations. It is a movement towards political integration of transnational actors aimed at negotiating responses to problems that affect more than one state or region.

Answer 3

Global governance or world governance

Question 4

This is a computer-based technology that facilitates the sharing of ideas and information and the building of virtual networks and communities.

Answer 4

Social media

Question 5

This provides a framework of rules governing services trade, establishes a mechanism for countries to make commitments to liberalize trade in services and provides a mechanism for resolving disputes between countries

Answer 5

The General Agreement on Trade in Services (GATS)

Question 6

It is an arrangement between different regions that often includes the reduction or elimination of trade barriers, and the coordination of monetary and fiscal policies

Answer 6

Economic integration

Question 7

It is an open market economy between countries facilitated by a common currency and the elimination of technical, regulatory and tax differences to encourage free flow of capital and investment across borders

Answer 7

Financial Market Integration

Question 8

This can be defined as the mobilization of collective claims by actors located in more than one country and/or addressing more than one national government and/or international governmental organization or another international actor.

Answer 8

Transnational activism

Question 9

This is a business that operates in two or more countries

Answer 9

Global Corporation

Question 10

This exists when there are exerted effects that prompt similar changes or shifts in other markets that focus on related goods on events occurring within two or more markets

Answer 10

Market Integration

Question 11

This is the final stage of economic integration in which member states completely forego independence of both monetary and fiscal policies.

Answer 11

Complete Economic Integration

Question 12

This focuses on the supranational institutions of the European Union of which the main driving forces of integration are interest group activity at the European and national levels, political party activity, and the role of governments and supranational institutions.

Answer 12

Neo-functionalism

Question 13

This is the intensification of the influence and dominance of capital. It is the elevation of capitalism as a mode of production into an ethic, a set of political imperatives, and a cultural logic

Answer 13

Neoliberalism

Question 14

This is tasked to promote international co-operation and to create and maintain international order. It is the largest, most familiar, most internationally represented and most powerful intergovernmental organization in the world

Answer 14

United Nation

Question 15

It requires coordinated monetary and fiscal policies as well as labor market, regional development, transportation and industrial policies

Answer 15

Economic Union

Question 16

ToF: There are two things that will happen if a country is in Golden Straitjacket: the politics grows and the economy shrinks.

Answer 16

FALSE; There are two things that will happen if a country is in Golden Straitjacket: the economy grows and politics shrinks. It is a straitjacket because it narrows the political
and economic policy choices of those in power to relatively tight parameters.

Question 17

ToF: Foreign direct investment is made open to economies; frequently involves more than just a capital investment and includes provision of management or technology as well

Answer 17

TRUE

Question 18

ToF: In a globalized world economy, governments are independently deciding on case of adopting neoliberal economic policies of privatization, deregulations, and reductions in public expenditures

Answer 18

FALSE; In a globalized world economy, governments have no alternative but to adopt neoliberal economic policies of
privatization, deregulations, and reductions in public expenditures

Question 19

ToF: When government implement certain strategy to control the direction of economy then integration is intentional while shifting in supply and demand that has a spillover effect on several markets is another factor of market integration.

Answer 19

TRUE

Question 20

ToF: Westphalian Sovereignty refers to the capacity of a state to choose and implement policies within the territory.

Answer 20

FALSE; Domestic Sovereignty is the capacity of a state to choose and implement policies within the territory

Question 21

ToF: The increase of the number of international organizations and the expansion of their functions helps enable an individual country’s sovereignty to certain extent

Answer 21

FALSE; The increase of the number of international organizations and the expansion of their functions have undeniably restricted an individual country’s sovereignty to certain extent.

Question 22

ToF: Combination of invention and social organization resulting to increase in worldwide capital and wealth of nation is allowed by modern nation state system that emerged in the period prior to the end of World War II

Answer 22

TRUE

Question 23

ToF: Augmenting costs for both consumers and producers and reducing trade between the countries involved in the agreement are the aims of economic integration

Answer 23

FALSE; Reducing costs for both consumers and producers and increasing trade between the countries involved in
the agreement are the aims of economic integration

NOTE: AUGMENTIING - make (something) greater by adding to it; increase.

Question 24

ToF: Free Trade Areas (FTAs) are created when two or more countries in a region agree to strictly implement restriction barriers to trade on all goods coming from other members

Answer 24

FALSE; Free Trade Areas (FTAs) are created when two or more countries in a region agree to reduce or eliminate barriers to trade on all goods coming from other members.

Question 25

ToF: Creating unique policy frame work that creates strict individual state conditions for the functions of the integrated parts of the economy is the aim of policy integration

Answer 25

FALSE: Creating common policy frame work that creates equal conditions for the functions of the integrated parts of the economy is the aim of policy integration.

Question 26

ToF: The global justice movement describes the strengthened collection of individuals and groups often referred to as a “movement of movements”, who advocate fair trade rules and are positively in agreement to current institutions of global economics such as the World Trade Organization

Answer 26

FALSE; The global justice movement describes the loose collection of individuals and groups often referred to as a “movement of movements”, who advocate fair trade rules and are negative to current institutions of global economics such as the World Trade Organization

Question 27

ToF: Getting smarter on valuing investment opportunities Chief Financial Officers can add value

Answer 27

TRUE; Capital budgeting is the getting smarter on valuing investment opportunities CFOs can add value

Question 28

ToF: Landscape of organizational communication within social movements is secured and independent to the influences of the social media

Answer 28

TRUE; Landscape of organizational communication within social movements is shaped and often fundamentally influenced by social media. ## Footnote NOTE: FUNDAMENTALLY- in central or primary respects. SHAPED- determine the nature of; have a great influence on.

Question 29

ToF: To prevent stance on politics, peacekeeping is kept to be the least important feature of UN activity in peace and security

Answer 29

FALSE; In policy motivation, peacekeeping is the most important feature of UN activity in peace and security

Question 30

ToF: The belief that globalization imposes a forced choice upon states either to conform to free market principles or run the risk of being left behind is termed into a phrase called “Golden Straitjacket”

Answer 30

TRUE; The belief that globalization imposes a forced choice upon states either to conform to free market principles or run the risk of being left behind is termed into a phrase called “Golden Straitjacket” by Thomas Friedman

Question 31

Difference between economic globalization and internationalization

Answer 31

Economic globalization is a functional integration between internationally dispersed activities which means that it is a qualitative transformation rather than a quantitative change while internationalization is an extension of economic activities between internationally dispersed activities ## Footnote NOTE: Economic globalization is the deep interconnection and integration of economic activities across countries and regions, fundamentally transforming how they operate globally. Internationalization, on the other hand, is simply the expansion of economic activities across borders, without necessarily changing their core nature.

Question 32

How could a country like the Philippines benefit in the concept of globalization specifically in the aspect of market integration?

Answer 32

Through market integration from globalization, the Philippines can benefit from expanded market access to sell its goods and services globally, attract increased foreign investment and technology transfer, specialize in areas of competitive advantage while trading for other products, foster innovation from exposure to global competition, and leverage its strengths to drive economic growth and development by seamlessly participating in the interconnected worldwide economy.

Question 33

How do social media function in a globalized state? Cite specific example

Answer 33

Social media facilitates globalization by enabling cultural exchange, rapid information dissemination, global collaboration, international business opportunities, and mobilization of worldwide social movements through platforms that connect people, ideas, and activities across borders in an increasingly interconnected global community. For example, the #FridaysForFuture climate strike movement initiated by Greta Thunberg gained global momentum through social media mobilization.

Question 34

What are the challenges of Global Governance in the Twenty-first Century

Answer 34

Global governance in the 21st century faces immense challenges stemming from the complex, interconnected nature of modern issues that transcend national borders. These include ethnic conflicts, diseases, terrorism, climate change, energy insecurity, food and water scarcity, migration flows, and disruptive technologies. ## Footnote NOTE: REFER TO "Challenges of Global Governance in the Twenty-first Century" page 50