Unit 2

Question 1

is an institutional arrangement of governance that addresses regional or globalized issues that go beyond the scope of a nation-state

Answer 1

Global Interstate System -

Question 2

puts emphasis on diversity and celebrates multiculturalism.

Answer 2

Internationalism

Question 3

focuses more on the economic aspect of the exchanges among countries and society

Answer 3

globalism

Question 4

happening in developing countries as an effect of globalization. This transition results in consumption of high-calorie, nutrient-poor foods which are high in fats and sugars resulting in rise of obesity and diet-related chronic diseases worldwide.

Answer 4

“nutrition transition”

Question 5

The shift of authority to actors above and below the state is termed as

Answer 5

glocalization or internal globalization

Question 6

is an international financial institution that provides
loans to countries of the world for capital projects, established during the Bretton Woods Conference in 1944 and include other members like the Internationa Bank for Reconstruction and Development (IRDB), International Developmen Association (IDA), International Finance Corporation (IFC), and Multilatera Investment Guarantee Agency (MIGA) (The World Bank, n.d.).

Answer 6

The World Bank (WB)

Question 7

looks at the stability of the international monetary system by monitoring global economy, lends to countries, and provides policy and technical advisory functions to members (Maverick, 2019)

Answer 7

International Monetary Fund (IMF)

Question 8

regulates international trades, ensures smooth flow of trade, and provides a forum for negotiations for trade agreements among countries and regions of the world (International Monetary Fund 2019)

Answer 8

World trade organization (WTO)

Question 9

responsible for global researches on medicines and vaccines including the World Health Report and Survey

Answer 9

World Health Organization (WHO)

Question 10

thirty five member countries aim to stimulate economic progress and world trade by providing a platform to compare policy experiences and identify good practices in domestic and international economic policies and programs of its members

Answer 10

Organization of Economic Cooperation and Development (OECD)

Question 11

deals with labor problems and international labor standards and social protection for workers

Answer 11

International Labor Organization

Question 12

leads international efforts to defeat hunger, eliminate food insecurity and malnutrition, and increase resilience of livelihoods and food

Answer 12

Food and Agriculture Organization of the United Nations (FAO)

Question 13

contributes to peace and security by promoting international collaboration through educational, scientific, and cultural reforms

Answer 13

UNESCO

Question 14

for regulations of international air transport; shipping and prevention of pollution at sea; developing standards on ICT; international intellectual property rights standards

Answer 14

International Civil Aviation Organization (ICAO); International Maritime Organization (IMO); International Telecommunication Union (ITU): The World intellectual Property Organization (WIPO)

Question 15

defined as political, economic, and cultural cooperation between nations,

Answer 15

Internationalism

Question 15

is an ideology based on the belief that flow of people, goods, art information should flow freely across national borders.

Answer 15

globalism

Question 16

is the expansion of national economies, the global market driven by modern technologies and institutional set ups that promote faster and easier flow of goods and capital

Answer 16

Economic globalization

Question 17

denotes that the economies of various countries are more interconnected from extraction, production, distribution, consumption, to disposal of goods and services

Answer 17

Global economy

Question 18

are global financial institutions that support a country’s economic growth through support (i.e., loans, technical assistance) to governments and now other private sectors

Answer 18

International financial institutions

Question 19

is an international organization with 183 member countries that promotes international monetary cooperation and exchange stability to foster economic growth and high employment and to provide short-term financial assistance to countries to help ease balance of payments adjustments

Answer 19

International Monetary Fund

Question 20

is a system of nongovernment institutions that operates across geographical borders and organize and mobilize for a
common issue or cause

Answer 20

Global civil society

Question 21

is an “enterprise that engages in activities which and value (manufacturing, extraction, services, marketing, etc) in more than one country

Answer 21

Global corporation

Question 22

is based on the theory of Wallerstein (1974) that recognizes that social and economic change is not only endogenous to a county but is affected by its interaction with exogenous institutions..

Answer 22

World system

Question 23

is a process of combining or increasing the interconnectivity of national economies to the regional or global economies

Answer 23

Economic integration

Question 24

is driven by the “growing scale of cross-border trade of commodities and services”

Answer 24

Economic globalization

Question 25

means that separate production operations are functionally related to each other and form a unified product or service.

Answer 25

Economic integration

Question 26

entails global industrial restructuring and readjustments where developed countries play a dominant role

Answer 26

Economic globalization

Question 27

These organizations are critical in developing ang pushing for neoliberal policies among different countries.

Answer 27

Monetary Fund (IMF), World Bank, and Organization for Economic Cooperation and Development (OECD)

Question 28

These organizations promote regional agreements and standards that facilitate better trade and exchange of knowledge, human resources, and regional cooperation.

Answer 28

Association of Southeast Asian Nations (ASEAN) and North American Free Trade Agreement (NAFTA).

Question 29

are advisory organizations that discuss current economic and political problems and transfer the ideas from the groups’ forum to national legislative regulations

Answer 29

Group of 8 (G 8) and G20

Question 30

which are considered to be the main carriers of economic globalization

Answer 30

multinational companies (MNCs),

Question 31

Either composed of individuals or groups of individuals disadvantaged by the effects of the globalization of the world economy, they protest and see alternatives while on the other hand, global social movement constituting basis for an alternative to a new world order

Answer 31

Global Civil Society

Question 32

according to Wallerstein (2011), is divided into core states and peripheral areas including semi-peripherals.

Answer 32

World economy

Question 33

According to————-, the peripherals are mostly where production or raw materials are sourced out, while the semi-peripherals processed or distributed the products to the core areas-sites of major demands for goods and services (Wallerstein, 2011). There are significant and meaningful movements of resources, products, people in different economies facilitated by modern transport and

Answer 33

“what the world-system theory

Question 34

are mostly where production or raw materials are sourced out

Answer 34

peripherals

Question 35

processed or distributed the products to the core areas

Answer 35

semi-peripherals

Question 36

is a product of this economic globalization where each countries’ economies are more interconnected and affected by each other

Answer 36

The global economy

Question 37

is based on the theory of Wallerstein (1974), which posited that the global economy is divided into the core, semi-periphery, and periphery.

Answer 37

The modern world system

Question 38

is the center of economic activities where most of the population lives and economic institutions and services are based

Answer 38

The core

Question 39

is a process by which economies are becoming more interdependent and interconnected in terms of commodity flows including externalities and spillover of impacts

Answer 39

Market integration

Question 40

are institutions that provide support through loans or grants and technical advices to promote a country’s economic and social development

Answer 40

International Financial Institutions or IFIs

Question 41

are private institutions that produce or manufacture goods, products, and services for a more expanded market usually at the reach of regions or the world.

Answer 41

Corporations

Question 42

have a more complex setting where each foreign subsidiary is given some freedom to develop its own product lines and marketing

Answer 42

Transnational corporations (TNCS)

Question 43

which have more of a home or country base taking care of the R&D and marketing, and focus more on exporting their products and services

Answer 43

compared to multinational corporations (MNCs)

Question 44

two kinds of market integration

Answer 44

horizontal and vertical integration

Question 45

happens when a firm gains control of other firms performing similar marketing functions at the same level in the marketing sequence

Answer 45

Horizontal Integration

Question 46

happens when one company owns the operations and products from one stage to the other along the supply chain.

Answer 46

Vertical integration

Question 47

still provide central decisions

Answer 47

MNCs

Question 48

that individual foreign market investment to have their own operations and systems

Answer 48

compared to TNCs