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Contemporary World > POINTERS TO REVIEW (PRELIM) > Flashcards

POINTERS TO REVIEW (PRELIM) Flashcards

1
Q

The Galleon Trade is also known as the

A

Manila – Acapulco Trade

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2
Q

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

A

I.M.F
World Bank
World Trade Organization

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3
Q

It is the removal of regulatory barriers in doing business

A

Deregulation

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4
Q

Members of the North American Free Trade Agreement

A

United States
Mexico
Canada

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5
Q

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

A

Joseph Stiglitz

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6
Q

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

A

Regional Integration

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7
Q

The existence of economic barriers leads to

A

higher consumer prices

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8
Q

What are the advantages of economic integration?

A
  • trade creation
  • employment opportunities
  • consensus
  • cooperation
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9
Q

Who is the proponent of the Modern – World System?

A

Immanuel Wallerstein

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10
Q

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

A

technology transfer

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11
Q

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

A

Supranational Organization

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12
Q

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

A

Mercantilism

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13
Q

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

A

Barter

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14
Q

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

A

Globalization

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14
Q

Who defined globalization as the opposite of localization?

A

Benjamin Barber

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15
Q

is a global outlook adopted to local conditions.

A

Glocality

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16
Q

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

A

Economic Globalization

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17
Q

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

A

Globalization in the blending of Cultures.

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17
Q

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

A

Globalization

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18
Q

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

A

Globalization in Technology

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19
Q

Who was developed the six core claims of globalism?

A

Manfred B. Steger

20
Q

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

A

Globalization in Economics.

20
Q

It is about the liberalization and global integration of markets.

A

Globalization

21
Q

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

A

Economic Globalization

22
Q

It does not have subsidiaries but just many companies.

A

Multinational corporations

23
Q

It not created by an international treaty or intergovernmental agreement.

A

International Non – Governmental Organization

24
Q

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

A

Large Manufacturing Corporation

25
Q

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

A

Transnational corporation

25
Q

What of the costs of economic integration?

A

erosion of national sovereignty

25
Q

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

A

Employment shifts and reductions

25
Q

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

A

Global Economic Integration

26
Q

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

A

Political Cooperation

26
Q

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

A

Periphery

27
Q

It sells financial services and does not create money.

A

International Banks

28
Q

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

A

United Nations

29
Q

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

A

Semi – periphery regions

30
Q

Majority of the countries that belong to the periphery:

A

were former colonies of industrialized countries

30
Q

The modern world system essentially capitalist in

A

Nature

31
Q

The more gold the country has

A

the more powerful the country is.

32
Q

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

A

International Organization

33
Q

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

A

Globalization in Economics

34
Q

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

A

Globalization in the blending of cultures

35
Q

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

A

Globalization in Technology

36
Q

It furthers the spread of democracy in the world.

A

Globalization

37
Q

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

A

Roland Robertson

38
Q

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

A

Globalization in the blending of cultures

39
Q

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

A

Galleon Trade

40
Q

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

A

Globality

41
Q

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

A

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

42
Q

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

A

Europeans to trade with Asians

Contemporary World (1 decks)

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