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CONTEMPORARY > QUIZ #1 > Flashcards

QUIZ #1 Flashcards

1
Q

TOF: Globalization is a multi-dimensional process involving economic, political, technological, cultural, and ecological dimensions.

A

TRUE

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2
Q

TOF: Globalization suggests a process that results to negative development that destroys other economies.

A

FALSE; positive

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3
Q

TOF: A defining feature of globalization is an institutional industrial and financial business structure.

A

TRUE

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4
Q

TOF: Economic life is dramatically transformed by advancement in information technology.

A

TRUE

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5
Q

TOF: One principal driver of globalization is the social media.

A

FALSE; technology

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6
Q

TOF: Social media have changed the ways in which this knowledge is being recorded and passed on,

A

TRUE

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7
Q

TOF: Globalist claim to convince people to adopt the natural discipline of the market if they want to prosper.

A

FALSE; neoliberals

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8
Q

TOF: Neoliberalist believe that the spread of market force driven by technological innovations is inevitable in globalization.

A

FALSE; globalist

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9
Q

TOF: In the 16th century world system analyst identify the origin of modernity and globalization.

A

TRUE

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10
Q

TOF: In the 19th century the advent of globalization approaching its modern form is witnessed.

A

TRUE

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11
Q

TOF: The United States create the International Monetary System as the new monetary system in 1994.

A

FALSE; bretton woods system

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12
Q

TOF: IMS helps in relocating the capital and investments from one nation to another.

A

TRUE

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13
Q

TOF: Global South is not always an emergent and provisional internationalism.

A

FALSE; always emergent and provisional

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14
Q

TOF: Global South does not represent the emergent forms of progressive cosmopolitan.

A

FALSE; represents the emergent forms

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15
Q

TOF: Europe was the central global force in the early modern world economy.

A

FALSE; asia

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16
Q

TOF: Globalization is an external phenomenon being pushed into the region by world power particularly the United States and Europe.

A

TRUE

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17
Q

TOF: Pacific pivot was implemented by the United States to commit more resources and attention to the region.

A

TRUE

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18
Q

TOF: The shift which is also called Atlantic Century was termed Pacific Pivot by US Secretary Hilary Clinton.

A

FALSE; termed “Pacific Century”

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19
Q

Which of the following countries is not part of the Global South: Oceana, Asia, Latin America, Australia

A

AUSTRALIA

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20
Q

It refers to the interconnected histories of colonialism, neo-imperalism, and differential economic and social change through which large inequalities in living standards, life expectancy, and access to resources are limited.

A

GLOBAL SOUTH

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21
Q

Refers to the decentralization of political power or competencies from a higher towards a lower political level.

A

REGIONALISM

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22
Q

Which of the following items is one of the major driving forces of economic globalization?

  • The continous expansion and mutual integration of market frontiers
  • Increasing of cross - border division of labor which penetrates within the interprises of different countries.
  • The rapid growing of information in all types of productive activities.
  • The globalization of trade of goods and services.
A

The rapid growing of information in all types of productive activities

S1: Meaning of economic globalization
S2: Marketization
S3: Driving force of economic globalization
S4: Dimensions of economic globalization

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23
Q

It is the global networks of the goverment and financial institutions that determine the exchange rate of different currencies for international trade.

A

INTERNATIONAL MONETARY SYSTM

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24
Q

Nation is an imagined political community and imaged as both inherently limited because?

A

The members of even the smallest nation will never most of their fellow members, meet them, or even hear them, yet in their minds lives the image of their communion

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25
Q

It was said that globalization is a process wherein people, services, goods, and information travel throughout the world. What is the best example globalization?

  • Korean idol, BTS, ate Filipino foos, learned Filipino language, and visited Philippine famous tourists’ destination during their stay in the country.
  • Some countries from Asia do not allow migrants and vistors because they feared that this people will destroy their culture.
  • North Korea, still practice traditional way of living despite having connections with China and Russia.
  • Different religions became known to different nations; however, some religious followers do not accept same sex marriage which also brought by globalization.
A

Korean idol, BTS, ate Filipino foos, learned Filipino language, and visited Philippine famous tourists’ destination during their stay in the country.

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26
Q

Requires coordinated monetary and fiscal policies as well as labor market, regional development, transportation and industrial policies.

A

ECONOMIC UNION

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27
Q

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 Organizations.

A

GLOBAL JUSTICE MOVEMENT

28
Q

Which of the following is not a factor that led to the increase and acceleration of movement of people, information, commodities, and capital?

  • Environmental Pollution
  • Lifting of Trade Barriers
  • Swift Technological Progress
  • Liberalization of World Capital Markets
A

ENVIRONMENTAL POLLUTION

29
Q

One of the major ideological claims of advocates of globalism states that, globalization is about the liberalization and global integration of markets. What do we mean by this?

A

The problem with this claim is that liberalization and integration of markets happen through political project of engineering free markets by interference of centralized state power, and it is in contrast to the neoliberal ideal of limited role of governments.

30
Q

CleanMe corporation signed a contract with WhitaGlow that they will disclose the private information of their employees. However, they did not follow what is in the contract and did not give the needed compensation to WhitaGlow. What type of justice did CleanMe ignored?

A

COMMUTATIVE JUSTICE

31
Q

BRICS stands for the combined economies of ___

A

BRAZIL, RUSSIA, INDIA, CHINA, AND SOUTH AFRICA

32
Q

The first multilateral agreement covering trade in services which was negotiated during the last round of multilateral trade negotiations, called the Uruguay Round, and came into force in 1995.

A

THE GENERAL AGREEMENT ON TRADE IN SERVICES

33
Q

Functions that can be created by Chief Financial Officers (CFOs) through exploiting their internal capital markets.

A
  • FINANCING
  • RISK MANAGEMENT
  • CAPITAL BUDGETING
34
Q

Global Governance is also known as ___

A

WORLD GOVERNANCE

35
Q

Emergence of gigantic and virtually identical shopping malls in all continents to cater to consumers who can afford commodities all over the world – including products whose various components were manufacted in different countries. This example suggests that globalization is…?

A

Globalization is reflected in the expansion and the stretching of social relations, activities, and connections.

36
Q

What are the elements of state?

A
  • TERRITORY
  • PEOPLE
  • SOVEREIGN POWER
37
Q

One can find more customers in a country whose economy is vibrant and expanding in lieu of stagnant local and domestic economy or maket share that has hit a plateau. The given statement is an example of __.

A

GLOBAL CORPORATION

38
Q

Globalizatio is a spatial because it occurs in physical places. Which of the following does not support the statement?

  • More poor people are driven out of city centers.
  • Cities act on globalization and globalization acts on cities.
  • People start purchasing high rise condominium
  • Foreign investments and capital move through cities.
A

More poor people are driven out of city centers.

39
Q

Some of the world’s most economically developed states such as Japan, South Korea, Singapore, and ___

A

TAIWAN

40
Q

Mr. Pablo get an offer to have a partnership with the international company, StartUpCorp. He is responsible for the production and trading of their product in the entire Asia. In what dimension of Economic Globalization will this example fall?

A

THE GLOBALIZATION OF TRADE OF GOODS AND SERVICES.

41
Q

CocoNutCorp. is a good company; they produce their product in good qualities in which people loved. And because of what they were able to export their product all over the world and they were able to have their own branch all over the Asia. In what dimension of Economic Globalization will this example fall?

A

THE GLOBALIZATION OF PRODUCTION.

42
Q

China produces toys at a cheaper price than the US. If foreign trade increased between the two countrues, toys could be sold the US more easily, making them more available, thus reducting price. This is an example of?

A

MARKET INTEGRATION

43
Q

Samahang Demokratiko ng Kabataan is an organization of youth and student who pushed for the ideology of National Democracy in the Philippibes during the Marcos regime, They wrote articles that provoke the Marcos administration. In what type of transnational activism movement does SDK include?

A

SOCIAL MOVEMENT

44
Q

It is the intensification of the influence and dominance of capital.

A

NEOLIBERALISM

45
Q

Referes to the coordinated international campaign on the part of networks of activists against international actors, other states, international institutions.

A

TRANSNATIONAL ACTIVISM

46
Q

It is divided into physical and economic boundaries, reduced barriers on commerce and communication are considered their potential threat.

A

NATION-STATE

47
Q

Referes to the regions of Latin America, Asia, Africa, and Oceana mostly low income and often politically or culturallt marginalized.

A

GLOBAL SOUTH

48
Q

It defines the political scope of globalization

A

POLITICAL DIMENSIONS

49
Q

It has the roles in operating the intricate web of multi-lateral arrangement and inter-governmental regimes, enter into agreements with other States, make policies which shape national and global activities, agenda of integration by clearly pronouncing the problem of capacity inadequacy of individual States.

A

STATE

50
Q

It is a business that operates in two or more countries. It also goes by the name “multinational company”

A

GLOBAL CORPORATION

51
Q

It is a major driver of extended global corporate development.

A

FOREIGN DIRECT INVESTMENT

52
Q

This is the only global international organization dealing with rules of trade between antions.

A

WORLD TRADE ORGANIZATION

53
Q

Entails complex and dynamic interactions between and among governmental and nongovernmental actors which resulted to hybrid East Asia.

A

REGIONALIZATION

54
Q

The cultural and political hegemony of the – middle classes is embodied by single generation.

A

SOUTH KOREAN

55
Q

Describes the decentralization of competencies or the establishment of regional instituyions by the state while bottom-up includes all patterns of endeavors toward political decentralization from within the particular region.

A

DOWN REGIONALISM

56
Q

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

A

SOCIAL MEDIA

57
Q

Used commercially as a key mode for product exposure and messaging.

A

SOCIAL MEDIA.

58
Q

During this period the invention of cuneiform by Mesopotamians became a major leap in communication technology.

A

PRE-MODERN PERIOD (3500 - 1500 BCE)

Cuneiform is a system of writing first developed by the ancient Sumerians of Mesopotamia in 3500 BCE

59
Q

Humans began using metal instead of stone as their primary material.

A

PRE-HISTORIC PERIOD (10000 - 3500 BCE)

Copper is believed to use for the first time in the history of humankind by Mesopotamians: sumerians and chaldeans about 5000 B.C. to make tools.

60
Q

This period happen the invention of printing press, gun powder, and new navigational tecniques.

A

EARLY MODERN PERIOD (1500 - 1750)

Gunpowder was discovered around 1000 CE and appeared in Europe around 1100 . The printing press around 1440.

61
Q

Happens the emergence of European metropolitan centers and unlimited material accumulation which led to the capitalist world system helped to strengthen globalization.

A

EARLY MODERN PERIOD (1500 - 1750)

By 1500 - 1648 is the emergence of modern Europe. Europe achieved what it had never possessed before: a technological edge over all other civilizations.

62
Q

Expansion of transportation, railways, mechanized shipping, intercontinental air transport enabled the extablishment of a genuine global infrastructure while lowering transportation costs.

A

MODERN PERIOD (1750-1970)

Innovations in transportation and communication technology, population
explosion, and increase in migration led to more cultural exchanges and transformation
in traditional social patterns

63
Q

In this period, contacts among hunters and gatherers were spread around the world.

A

PRE-HISTORIC PERIOD (10000-3500 BCE)

In this earliest phase of globalization, contacts among hunters and gatherers – who were spread around the world – were geographically limited. In this period due to
absence of advanced forms of technology, globalization

64
Q

During this period, a devastating global epidemic occurs which is the black death.

A

EARLY MODERN PERIOD (1500 - 1750)

The Black Death was a bubonic plague pandemic occurring in Europe from 1346 to 1353.

65
Q

During this period, population explosion, an increase in migration, and industrialization accelarated happened.

A

MODERN PERIOD (1750- 1970)

Innovations in transportation and communication technology, population
explosion, and increase in migration led to more cultural exchanges and transformation
in traditional social patterns. Process of industrialization also accelerated.

66
Q

Capitalism, governance, and the economic system arose in this period.

A

CONTEMPORARY PERIOD (1970- PRESENT)

The creation, expansion, and acceleration of worldwide interdependencies
occurred in a dramatic way and it was a kind of leap in the history of globalization

67
Q

This period moved globalization to a new level because invention of the wheel was a great social and technological boost.

A

PRE - MODERN PERIOD (3500 - 1500 BCE)

The invention of wheel in addition to roads made the transportation of people and goods more efficient. On the other hand writing facilitated the spread of ideas and inventions.

CONTEMPORARY (5 decks)

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