THE CONTEMPORARY WORLD

Question 1

refers to a multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social interdependencies and exchanges while at the same fostering in people a growing awareness of deepening connections between the local and the distant

Answer 1

Globalization

Question 2

Qualities and Characteristics of Globalization

Answer 2

1. Creation and Multiplication
2. Expansion and Stretching
3. Intensification and Acceleration
4. Consciousness and Awareness

Question 2

it was in the 1960’s and 1970’s when this term gained worldwide attention.

Answer 2

“globality”

Question 2

of social networks and cultural activities which break the traditional norms and practices in the political, economic, and cultural realms of most communities.

Answer 2

Creation and Multiplication

Question 3

of social operations and connections which is seen in the financial markets and trading operations around the globe.

Answer 3

Expansion and Stretching

Question 4

of human activities which describes the process of world and individual connection works. Consumer markets and consumerism continue to rule in this postmodern aera where the farthest have the access to reach the central portion of global events.

Answer 4

Intensification and Acceleration

Question 5

People, as the primary actors of globalization are the frontliners as reflected in their experiences. The human consciousness is critical on how they impact the growing outcomes and markets of globalization.

Answer 5

Consciousness and Awareness

Question 6

The three sociological perspectives that will best explain globalization are

Answer 6

realism, liberalism, idealism.

Question 7

Financial returns of expanding markets offer new economic opportunities to the capitalist (origin country).

Answer 7

CAPITALISTIC

Question 8

The continued centrality of political power and military strength are obvious forces of interdependence and realistic behavior of the more and most powerful countries.

Answer 8

SECURITY

Question 9

Realists see ____ and ____ as medium of flourishing activities under favorable security conditions.

Answer 9

economic alliance and corporation

Question 10

is a perspective in international relations where actors and institutions emphasize relationships, and negotiations.

Answer 10

Liberalism

Question 11

Liberalism is a perspective in international relations where actors and institutions emphasize ___ and ___

Answer 11

relationships, and negotiations.

Question 12

Three Factors that describe the Transformation of Political-Economic Structure and Development of Global Interconnectedness:

Answer 12

1. Spread of Democracy and Institutions
2. Global Economic Ties
3. International Organizations

Question 13

Three Important Technological Trends that made Significant Changes in the Interaction of Nations and People:

Answer 13

1. Knowledge and technology are significant determinants of wealth and power
2. The fast pace of technological change.
3. Dispersed knowledge and technology.

Question 14

a product of technological advancement have rendered national borders irrelevant in international system.

Answer 14

Innovation

Question 15

consist norms, set of activities, and regulate structures that provide meaning and stability to the social behavior of a group

Answer 15

Institutions

Question 16

rules, guidelines, programs, and the types of activities constitute the operation of an institution. They are understood as structures that are parts of a society.

Answer 16

Norms

Question 17

Global governance is directed by two important institutions:

Answer 17

political and economic institutions

Question 18

are classified intergovernmental organizations that are formed by national governments.

Answer 18

International Institutions

Question 19

Three Economic Systems

Answer 19

Market Economy
Command Economy
Mixed Economy

Question 20

Economy under the will and interest of the individuals.

Answer 20

Market Economy

Question 21

Production quantity is dictated, consumer behavior is directed, and market operation is controlled by a single authority.

Answer 21

Command Economy

Question 22

Combination of market and command economies.

Answer 22

Mixed Economy

Question 23

Is the process and the system when goods, commodities, services cross national economy, and boundaries in exchange for money or goods of another country

Answer 23

International Trade

Question 24

it deals with the natural order and the movement of trade. It describes the pattern of trade under the idea of laissez faire

Answer 24

Descriptive theory

Question 25

Trade Theories

Answer 25

Descriptive theory
Prescriptive theory

Question 26

what is the meaning of the french word “laissez faire”

Answer 26

leave alone

Question 27

it prescribes whether government, an important economic institution, should interfere and restrict with the movement of goods and services. This theory views government to have participation in deciding which countries to alter the amount, composition, and direction of goods.

Answer 27

Prescriptive theory

Question 28

Three Perspectives on International Trade

Answer 28

Economic liberals
Mercantilists
Structuralists