PRELIM EXAM Flashcards
The process of removing state-imposed restrictions on movements between countries to create an “open”, “borderless” world economy is called ___________
Liberalization
What is an outlook that is limited to one’s immediate community?
Parochialism
What are the parameters of globalization?
- Free flow of goods and services between countries due to the reduction of trade barriers
- Creation of an environment for flow of capital and investment among countries
- Free flow of technology from one country to another
- Free flow of labor among countries
What are the advantages of globalization?
- Increase in employment opportunities
- Education
- Increase free trade
- Faster flow of information
- Increase in quality of goods and services
- Decreases in prices of goods and services
- Reduction in cultural barriers
What was the year when the United Nations came into being?
1945
What is the most complete definition of Globalization?
Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology
The movement towards political cooperation among transnational actors aimed at negotiating responses to problems that affect more than one state or region is called _______
Global Governance
When was the International Monetary Fund and World Bank created?
1944
The theory of International Relations which focuses on the notion that states work to increase their owe power through militarization relative to other states is called ___________
Realism
What is the international organizations is responsible for promoting global economic growth and financial stability, encouraging international trade, and reducing poverty?
International Monetary Fund
True or False: Globalization refers to political principle which transcends nationalism and advocates a greater political or economic cooperation among nations and people
False
Globalization viewed as the process of spreading various objects and experiences to all people around of the world is called ___________
Universalization
What are the features of globalization?
- The business expands throughout the world
- Goods and services are bought/sold to or from any country of the world
- Products are planned and developed keeping in mind the markets of the entire world
- Manufacturing and distribution can be done at any part of the world based on feasibility and viability
- Outsourcing of goods and services can be done
A growing belief that we are all global citizens and should all be held to the same standards and have the same rights is called ____________
Sociological Globalization
What refers to the primary or fundamental unit in international relations, a political entity within a defined territorial area possessing legal and political authority over that area?
Nation state
What are the part of the process of globalization?
- Domestic company exports to foreign countries through dealers and distribution of home country
- Domestic company exports to foreign countries directly on its own
- Domestic company becomes an international company establishing productions and marketing operations in various foreign countries
- The company replicates a foreign company in the foreign country by having all the facilities R&D, HR, etc.
- The company becomes a true foreign company by serving the needs of foreign customers just like the host country’s company serves
What was the year when the WTO came into being?
1995
What are the conditions for globalization?
- Quotes and tariffs must be removed
- Freedom must be given to business and industries
- Bureaucratic hurdles must be removed
- Rules and regulations of control should be liberalized
- Money and capital markets should be developed
- Administrative and Government support is essential
What are the disadvantages of globalization?
- Environmental degradation
- Growing disparity among the rich and the poor
- Small scale industries face extinction
- Rapid spread of deadly diseases
Which type of Globalization covers ‘wildlife reserves that span several countries?’
Ecological
It is a nation’s belief systems: historical, cultural, and social that explain it6s foreign policy efforts and behavior rather than the outright pursuit of material interests
Constructivism
What type of Globalization has been facilitated by the information revolution, the spread of satellite communication, telecommunication networks, information technology and the Internet?
Cultural
What is the most important reason that promoted the idea of global governance?
Because no single nation has got all the resources to tackle problems plaguing humanity and this planet
What type of globalization is associated with biodiversity and climate change?
Ecological
What is the primary responsibility of the UN Security Council?
Maintenance of international peace and security
How many countries are there in the world today?
195
What is the only international agency that oversees the rules of international trade?
WTO
What type of Globalization is associated with Harry Potter and the Simpsons?
Cultural
What globalization is associated with North American Free Trade Agreement and European Union?
Economic
which two countries are non-member observer states of the UN?
Holy See and the State of Palestine
What does ICC mean?
International Criminal Court
What theory of international relations places emphasis on international cooperation as a means of furthering each nation’s respective interests
Liberalism
What are the Bretton Wood Institutions?
International Monetary Fund and World Bank
What is the purpose of the World Trade Organization?
To promote free trade by persuading countries to abolish import tariffs and other barriers
Key roles and responsibilities of IMF
- To promote international monetary cooperation
- To facilitate the expansion and balanced growth of international trade
- To promote exchange stability
These authoritative actions, understanding, or commitments of the authorities of groups within one state with those groups or citizens of another state, or those relations within groups whose membership and organizations transcend states are called ___________
Intersocietal relations
A political principle which transcends nationalism and advocates a greater political or economic cooperation among nations and people is called __________
Internationalism
A world political system in which power is concentrated in two power centers is called _______
Bipolar
When the president grants absolute pardon to American military personnel serving time in the Philippines, this exemplifies what type of international relation?
Interstate
According to Manfred Stager, what is the expansion and intensification of social relations and consciousness across world-time and across world-space?
Globalization
What refers to a large company that has operations in more than one country?
Transnational corporation
What does GATT stand for?
General Agreement on Tariffs and Trade
Global Warming and Greenhouse Effect are phenomena associated with what type of Globalization?
Ecological
What is the common opinion of globalization in which the term “Global” is described as cross-border relations between countries?
Internationalization
The widespread international movements of goods, capital, services, technology, and information is called _____________
Economic globalization
What pertains to those relations of or between citizens of different states acting in their personal interests?
Interpersonal
What statement best characterize Industrial Revolution?
Transition from hand production methods to machine
What occurs when something which was used to be banned is no longer banned, or when government regulations are relaxed?
Liberalization
What are the challenges facing the Global Governance in the twenty first century?
Protecting civilians
Establishing legitimate political authority
Prioritizing development
Mainstreaming gender
Focusing on the regional dimensions of conflict
Avoiding a heavy footprint
Ensuring security
The Philippines is not a member of which international organization?
European Union
The internet facilitates Globalization. How does it help economies?
Cuts the cost for firms of communicating across borders
What International Financial Institution is responsible for funding postwar reconstruction projects?
World Bank
The preponderant influence or dominance of one nation (or group) over other is called _______
Hegemony
The principle function of the International Monetary Fund was originally to ________________
Lend to member nations experiencing a shortage of foreign exchange reserves
What International Organization is primarily associated with Cultural Globalization?
United Nations Educational, Scientific and Cultural Organization
What refers to a period of temporary economic decline during which trade and industrial activity are reduced?
Recession
What refers to the phenomenon that the entire world is becoming more interconnected as a result of the propagation of media technologies throughout the world?
Global Village
