2.1 Global economy

Question 1

global changes are attributed to how the global economy is what?

Answer 1

organized and governed.

Question 2

countries have to fully understand the impact of the what to improve their position in the global system?

Answer 2

contemporary global economy

Question 3

Is there a singular academic field that can completely explain the topic of global economy?

Answer 3

No

Question 4

There is no singular academic field that can completely explain the topic of global economy
because it is?

Answer 4

interdisciplinary

Question 5

this includes the international organizations and regimes that
establish rules and norms for the global community

Answer 5

macro level

Question 6

this level is the building blocks for the global economy are the
countries and firms.

Answer 6

meso level

Question 7

what is seen as the arena in which countries compete in different product markets?

Answer 7

The global economy

Question 8

Is there a growing literature on the resistance to globalization by consumer groups, activists, and transnational social movements?

Answer 8

Yes

Question 9

the global economy can be studied at different levels of analysis according to who?

Answer 9

Gereffi

Question 10

3 levels of analysis?

Answer 10

meso, micro, macro

Question 11

this level is the transactional lvl

Answer 11

meso

Question 12

this level is the contextual lvl

Answer 12

macro

Question 13

which level does this belong to: clients

Answer 13

meso

Question 14

which level does this belong to: interest groups

Answer 14

meso

Question 15

which level does this belong to: supplier

Answer 15

meso

Question 16

which level does this belong to: competitors and media

Answer 16

meso

Question 17

which level does this belong to: regulatory organizations

Answer 17

meso

Question 18

which level does this belong to: sociocultural

Answer 18

macro

Question 19

which level does this belong to: technological

Answer 19

macro

Question 20

which level does this belong to: ecological

Answer 20

macro

Question 21

which level does this belong to: political

Answer 21

macro

Question 22

which level does this belong to: economic

Answer 22

macro

Question 23

According to world-systems
theory, the upward or downward mobility of nations in the core, semi periphery, and periphery is determined
by a country’s mode of?

Answer 23

incorporation

Question 24

Smith, an eighteenth-century political economist, defined what?

Answer 24

division of labor

Question 25

is the specialization of workers in different parts of the production process

Answer 25

division of labor