1st 20

Question 1

defined globalization as “the expansion and intensification of social relations and consciousness across world-time and across world-space”.

Answer 1

Manfred Steger

Question 2

Defined globalization through scapes/dimensions

Answer 2

Arjun Appadurai

Question 3

these are the drivers or the one that initiates globalization

Answer 3

1.Multinational Corporations
2.Intergovernmental Organizations
3.Non-governmental Organizations

Question 4

-Producers and countries strive for competitive edge and strategize to enter other countries to expand market

Answer 4

High competition

Question 5

-Freeing the restrictions of the movement of goods and services across borders. This induces free trade.

Answer 5

Reduction of cost trade barriers

Question 6

-Disputes the usefulness of globalization as a sufficiently precise analytical concept

-Emphasizes the limited nature of current globalizing processes, emphasizing that the world is not nearly as integrated as many globalization proponents believe.
-In their view, globalization does not constitute an accurate label for the actual state of affairs

-Disputes the novelty of the process while acknowledging the existence of moderate globalizing tendencies. They argue that those who refer to globalization as a recent process miss the bigger picture and fall prey to their narrow historical framework.

Answer 6

THESE ARE THE Globalization and its 3 groups of Critics:

Rejectionist

Sceptics

Modifiers

Question 7

regards “economic globalization” as a historical process representing the result of human innovation and technological progress
ALSO Characterized by the increasing integration of economic around the world through movement of goods, services, and capital across borders.

Answer 7

international monetary fund or the IMF

Question 8

The oldest known international trade route was the BLANK BLANK , a network of pathways in the ancient world that spanned from China to what is now the Middle East and to Europe.

ALSO It was an international trading system but it wasn’t global because it had no ocean routes that could reach the American continent.

BLANK BLANK opened this trade until 1453 BCE when the BLANK BLANK closed iT

Answer 8

Silk Road/ One belt

Han Dynasty, Ottoman empire

Question 9

when did full economic globalization happened?

Answer 9

1571

Question 10

These historians -Suggested that full globalization started when all populated continents began to exchange products continuously both with each other directly and indirectly via other continents and in values sufficient to generate crucial impacts on all trading partners.

Answer 10

Dennis O. Flyn and Arturo Giraldez

Question 11

Blank connected Manila in the Philippines and Acapulco in Mexico. This blank was part of the age of Mercantilism

Answer 11

The galleon trade

Question 12

in blank, The U.K, U.S, and some European countries adapted the GOLD STANDARDS at an international monetary conference in Paris.
Its goal is to create a system for more efficient trading.
Used gold as basis for currency prices and exchange rate

Answer 12

1867

Question 13

The blank was inaugurated in blank during the United Nations Monetary and Financial Conference, this was introduced by a British economist named blank.

BWS was introduced and sought to create a global system that would ensure peace

Answer 13

Bretton Woods System
1994

John Maynard Keynes

Question 14

blank believed that economic crises occur not when a country does have enough money, but when is not being spent and, thereby, not moving.

Answer 14

John Maynard Keynes

Question 15

This blank’s Central Belief was government intervention can stabilize economy and Focuses on economic policy to manage aggregate demand to prevent or address recession

Answer 15

Keynesian Economics (Keynes developed his theories in response to the great depression and opposing the classic theories )

Question 16

a political approach that favors free-market capitalism, deregulation (removal of regulations or restrictions), and reduction in government spending.

Answer 16

Neoberalism

Known advocates: Ronald Reagan and Margaret Thatcher

Question 17

blank is an Interactions between states, trade, political, military, and other diplomatic engagements

blank is a phenomenon that explains the deepening of interactions with states

Answer 17

International Relations

Internationalization

Question 18

blank relatively modern phenomenon on human history, and people did not always organize themselves as a country

blank refers to a country and its government

Answer 18

Nation state

state