W4P3 (lecture): The Global South Flashcards
Q: What is a key characteristic of trade liberalization after the Second World War?
A) Increased tariffs on raw materials
B) Increased restrictions on the movement of goods
C) Reduced barriers to trade, benefiting advanced economies
D) A focus on developing the economies of the global South
C
Q: Which economies primarily benefited from trade liberalization in the post-World War II period?
A) Global South economies
B) Emerging Asian economies
C) Soviet Union
D) Global North economies
D
Q: What does the term “Global South” generally refer to?
A) Countries located in the Southern Hemisphere
B) Economies in Latin America, Africa, and parts of Asia
C) Soviet-aligned countries during the Cold War
D) Economies of Western Europe and North America
B
Q: Which system established early trade patterns that continued into the modern period?
A) Industrial capitalism
B) Mercantilism
C) Socialism
D) Protectionism
B
Q: Why did countries of the Global North support trade liberalization in earlier periods?
A) They benefited from cheaper labour in the Global South
B) It allowed them to extract cheaper raw materials
C) It reduced economic competition from the Global South
D) It fostered better political relationships with the Global South
B
Q: How has the relationship between the Global North and South changed in recent years, according to the video?
A) The Global North fully supports continued trade liberalization
B) Manufacturing and production have shifted toward the Global South
C) Global South economies have stopped exporting raw materials
D) The Global South is reducing trade with the Global North
B
Q: What factor has led some Global North economies to question trade liberalization?
A) Reduced demand for goods from the Global South
B) Competition from more refined products from the Global South
C) Increased tariffs from Global South countries
D) Political instability in the Global South
B
Q: Which Cold War term was once used to describe what is now referred to as the Global South?
A) The second world
B) Developing countries
C) Third world
D) Eastern bloc
C
Q: What is one of the proposed solutions for economic struggles in the Global South?
A) Increased tariffs on Global North products
B) A circular economy focused on South-to-South trade
C) Decreasing exports to developed countries
D) More reliance on manufacturing in Global North countries
B
Q: How does China fit into the discussion of trade between the Global North and South?
A) China supports continued Western dominance of trade
B) China exploits animosity toward Western economies
C) China avoids any involvement in global trade disputes
D) China focuses on exclusive trade agreements with the Global North
B
