Week 15: Globalization

Question 1

the international exchange of products, knowledge, and culture

Answer 1

globalization

Question 2

three main aspects of globalization:

Answer 2

economic, political and cultural

Question 3

“the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, flow of international capital and wide and rapid spread of technologies.

Answer 3

economic globalization

Question 4

the exchange of capital, goods, and services between entities from different countries.

Answer 4

international trades

Question 5

Benefits of international trade:

Answer 5

1. Lower prices
2. Better quality
3. More employment
4. Specialization

Question 6

defined as governmental or political actions that take place beyond the national level. It involves cooperation between two or more national governments that share the same interests.

Answer 6

Political globalization

Question 7

defined as the transmission of cultural elements from one culture to another. These cultural elements are carried over and absorbed from one culture to another, contributing to the constant evolution of world cultures.

Answer 7

cultural globalization

Question 8

the structure of the relationships between members of a society

Answer 8

social organization

Question 9

defined as practices that are observed by members of a group and are passed down from one generation to the next

Answer 9

customs and traditions

Question 10

one of the most influential parts of a culture and as such, it is one of the first elements that get transmitted when different cultures converge.

Answer 10

reliigion

Question 11

communication via written or spoken words.

Answer 11

language

Question 12

the expression of human creativity is another major element of culture. It gives a culture a distinct look and sound.

Answer 12

art

Question 13

The following are some of the major International organizations that were created to oversee important matters such as trade, banking, and international cooperation:

Answer 13

United Nations
World Trade Organization
Association of Southeast Asian Nations (ASEAN)
European Union

Question 14

under the United Nations are specialized agencies that carry out different functions that are considered important on an international level. These agencies include:

Answer 14

World Bank
World Health Organization(WHO)
United Nations Educational, Scientific and Cultural Organization (UNESCO)

Question 15

an international financial institution that provides loans to developing countries

Answer 15

World Bank

Question 16

an international agency concerned with global public health

Answer 16

World Health Organization(WHO)

Question 17

a specialized agency which is “responsible for coordinating international cooperation in education, science, culture and communication.”

Answer 17

United Nations Educational, Scientific and Cultural Organization (UNESCO)

Question 18

The following are the functions of the World Trade Organization:

Answer 18

• Administering WTO trade agreements
• Forum for trade negotiations
• Handling trade disputes
• Monitoring national trade policies
• Technical assistance and training for developing countries
• Cooperation with other international organizations

Question 19

The following are the current members of ASEAN:

Answer 19

• Brunei
• Cambodia
• Indonesia(Founding Member)
• Laos
• Malaysia(Founding Member)
• MyanmarPhilippines (Founding Member)
• Singapore (Founding Member)
• Thailand (Founding Member)
• Vietnam

Question 20

an Intergovernmental economic system that guarantees free movement of goods, capital, services, and people, collectively known as the “four freedoms”.

Answer 20

European Single Market