POINTERS TO REVIEW (PRELIM)

Question 1

The Galleon Trade is also known as the

Answer 1

Manila – Acapulco Trade

Question 2

What are are instruments of exploitation in the hands of the developed countries?

Answer 2

I.M.F
World Bank
World Trade Organization

Question 3

It is the removal of regulatory barriers in doing business

Answer 3

Deregulation

Question 4

Members of the North American Free Trade Agreement

Answer 4

United States
Mexico
Canada

Question 5

Who stated that ‘economic globalization was never aimed to help citizens of the developing world?

Answer 5

Joseph Stiglitz

Question 6

is when two or more countries meet to overcome economic crisis and promote development.

Answer 6

Regional Integration

Question 7

The existence of economic barriers leads to

Answer 7

higher consumer prices

Question 8

What are the advantages of economic integration?

Answer 8

• trade creation
• employment opportunities
• consensus
• cooperation

Question 9

Who is the proponent of the Modern – World System?

Answer 9

Immanuel Wallerstein

Question 10

What is the one roles of Multinational Corporations in the economy?

Answer 10

technology transfer

Question 11

It pertains to member states in this organization, global or regional that surrender their power to a higher organization.

Answer 11

Supranational Organization

Question 12

It is the ideology that motivated countries to search for islands rich in natural resources.

Answer 12

Mercantilism

Question 13

is an act of trading goods or services between two or more parties without the use of money.

Answer 13

Barter

Question 14

It indicates global nature of capital, emergence of single global economy, exchange across distances.

Answer 14

Globalization

Question 14

Who defined globalization as the opposite of localization?

Answer 14

Benjamin Barber

Question 15

is a global outlook adopted to local conditions.

Answer 15

Glocality

Question 16

It refers to the free movement of goods, capital, services, technology and information.

Answer 16

Economic Globalization

Question 17

Greek culture spread across Africa, Europe and Asia through Alexander the Great is an example of

Answer 17

Globalization in the blending of Cultures.

Question 17

It happens when economies, societies and cultures become integrated by a network of communication and trade.

Answer 17

Globalization

Question 18

Innovations in ways of travel facilitated the growth of globalization is an example of

Answer 18

Globalization in Technology

Question 19

Who was developed the six core claims of globalism?

Answer 19

Manfred B. Steger

Question 20

Outsourcing can add to the economic development of a struggling country is an example of

Answer 20

Globalization in Economics.

Question 20

It is about the liberalization and global integration of markets.

Answer 20

Globalization

Question 21

It comprises the globalization of production, finance, markets, technology, organizational regimes, institutions, corporations and people.

Answer 21

Economic Globalization

Question 22

It does not have subsidiaries but just many companies.

Answer 22

Multinational corporations

Question 23

It not created by an international treaty or intergovernmental agreement.

Answer 23

International Non – Governmental Organization

Question 24

It consists of multinationals and transnationals; the focus is to sell goods, manufactured products.

Answer 24

Large Manufacturing Corporation

Question 25

A commercial enterprise operates substantial facilities that do business in more than one country.

Answer 25

Transnational corporation

Question 25

What of the costs of economic integration?

Answer 25

erosion of national sovereignty

Question 25

It happen when employees move to areas with better wages and employment opportunities.

Answer 25

Employment shifts and reductions

Question 25

It is thought to improve the allocation of natural resources, technology, enhance living standards.

Answer 25

Global Economic Integration

Question 26

It leads to stronger economic ties among countries, that leads to resolve conflicts peacefully.

Answer 26

Political Cooperation

Question 26

It is the kind of countries that lack strong central governments, controlled by other states.

Answer 26

Periphery

Question 27

It sells financial services and does not create money.

Answer 27

International Banks

Question 28

is an intergovernmental organization that promotes cooperation in human rights, peace, economy.

Answer 28

United Nations

Question 29

It play a major role in mediating economic, political, social activities internationally.

Answer 29

Semi – periphery regions

Question 30

Majority of the countries that belong to the periphery:

Answer 30

were former colonies of industrialized countries

Question 30

The modern world system essentially capitalist in

Answer 30

Nature

Question 31

The more gold the country has

Answer 31

the more powerful the country is.

Question 32

It promotes voluntary cooperation and coordination between or among its members.

Answer 32

International Organization

Question 33

Multinational corporations operate on a global scale, office branches in numerous locations is an example of

Answer 33

Globalization in Economics

Question 34

The Filipino people began to appreciate the various traditional foods from South Korea is an example of

Answer 34

Globalization in the blending of cultures

Question 35

The year 1994 is when the Internet first became available in the Philippines is an example of

Answer 35

Globalization in Technology

Question 36

It furthers the spread of democracy in the world.

Answer 36

Globalization

Question 37

Who is the British sociologist, who introduced ‘’Glocalization ‘’ in the Harvard Business Review?

Answer 37

Roland Robertson

Question 38

Christian missionaries from Europe added to the globalization of Christianity is an example of

Answer 38

Globalization in the blending of cultures

Question 39

It is an international economic system established by the Spaniards in the Philippines.

Answer 39

Galleon Trade

Question 40

It signifies a future social condition characterized by interconnections and global flows.

Answer 40

Globality

Question 41

The individuals increasing awareness of other people’s cultures, religions as a result of

Answer 41

of technological advances in communications and travel is the essence of globalization.

Question 42

The opening of the Suez Canal in 1869 paved the way for

Answer 42

Europeans to trade with Asians