Globalization

Question 0

How do you find a country’s GDP?

Answer 0

Exports - imports

Question 1

What does GDP stand for and what does it measure?

Answer 1

Gross Domestic Product, country’s wealth.

Question 2

How do you find GDP per capita?

Answer 2

GDP divided by the working population (18-59)

Question 3

What does a liberalist believe?

Answer 3

They believe in free trade and separation of the government and economy.

Question 4

Who prescribed to liberalism?

Answer 4

Adam Smith

Question 5

List the 4 examples Smith gives.

Answer 5

1. Free trade may be limited by the exigencies of national security. 2. Duties should be imposed on foreign goods equal to domestic taxes on national products I’m order to avoid offering undue advantage to imports. 3. Duties can be imposed as retaliation for unfair restrictions in foreign markets. 4. Foreign trade should be phased in gradually so that domestic industry and labor have time to make necessary adjustments.

Question 6

Give an advantage to the Dominance Theory.

Answer 6

Predictability

Question 7

Give a disadvantage to the Dominance Theory.

Answer 7

Resentment

Question 8

Give an advantage to Reciprocity.

Answer 8

Incentives for mutual cooperation

Question 9

Give a disadvantage to Reciprocity.

Answer 9

Complex accounting

Question 10

Give an advantage to Identity.

Answer 10

Sacrifice for the good of the group.

Question 11

Give a disadvantage to Identity.

Answer 11

Demonizing and out-group.

Question 12

List the countries with the largest populations.

Answer 12

Pakistan, Vietnam, Philippines, Turkey, Nigeria, Bangladesh

Question 13

List the countries with the largest economies.

Answer 13

France, Britain, Italy, Canada, Spain, South Korea

Question 14

List the countries with both the largest populations and the largest economies.

Answer 14

China, India, United States, Indonesia, Brazil, Russia, Mexico, Germany, Japan

Question 15

What are some negatives to globalization?

Answer 15

Alliances could be formed and bring about resentment, could supply terrorists, wouldn’t help third world countries.

Question 16

What does I.P.E. stand for?

Answer 16

International Political Economy

Question 17

What does I.P.E. mean?

Answer 17

I.P.E. is a growing Social Science field of study that attempts to understand global problems.

Question 18

What is interdependence?

Answer 18

Two people relying on each other.

Question 19

Give an example of interdependence.

Answer 19

China and the United States

Question 20

What does WTO stand for?

Answer 20

World Trade Organization

Question 21

Give an example of International Relations.

Answer 21

NATO

Question 22

What does sovereign mean?

Answer 22

A state’s right, in principle to do what it wants within it’s own territory.

Question 23

What is Dominance?

Answer 23

Solves the collective goods problem by establishing a hierarchy.

Question 24

What is a hierarchy?

Answer 24

And organization with few things, or one thing, at the top and with several things below each other thing. A tree like structure.

Question 25

Give an example of a hierarchy.

Answer 25

Scarcity of food in Haiti after the tsunami.

Question 26

What is the North vs. South Gap?

Answer 26

The separation of the countries that are more advanced, have better resources, have a larger population, have more stable governments, have better education, and have better technology.

Question 27

What is Reciprocity?

Answer 27

Rewards behavior that contributes to the group and punishing behavior that pursues self-interest at the expense of the group.

Question 28

Give an example of Reciprocity and how the group/actors benefitted from it.

Answer 28

The United States gave Great Britain weapons during the Lend-Lease Act to fight against the Nazis. We got the defense of other countries, and Britain was provided with the weapons they needed.

Question 29

What is Extradition?

Answer 29

When a fugitive from one country is found in another and is returned to the country of origin.

Question 30

What is commerce?

Answer 30

Where trade concessions are granted by each country to the other.

Question 31

Give a positive example of Reciprocity.

Answer 31

US, Great Britain, France, WWI with their alliance.

Question 32

Give a negative example of Reciprocity.

Answer 32

Japanese bombed Pearl Harbor, we declared war and bombed them.

Question 33

What is Identity?

Answer 33

Members of an identity community care about the interests of others in the community enough to sacrifice their own interests to benefit others.

Question 34

Give an example of Identity.

Answer 34

A European Jewish person may give money to Israel for their shared religious heritage, or a computer-scientist from India may return home to work for lower pay after receiving training in the U.S. in order to help their community.

Question 35

What does IGO stand for?

Answer 35

Intergovernmental Organizations

Question 36

Give three examples of IGOs.

Answer 36

UN, NATO, Arab League

Question 37

What does NGO stand for?

Answer 37

Nongovernmental Organizations

Question 38

Give three examples of NGOs.

Answer 38

Red Cross, Amnesty International, Green Peace

Question 39

What does MNC stand for?

Answer 39

Multinational Corporations

Question 40

Give three examples of MNCs.

Answer 40

Wal-Mart, Sony, Ford

Question 41

What is a Socialist System?

Answer 41

Economic system in which the government controls all aspects of the economy. From wages to production to what's produced.

Question 42

What is a state?

Answer 42

A territorial entity controlled by a government and inhabited by a population.

Question 43

Name the 3 instances in which a country could refuse to trade with another.

Answer 43

National security, self-reliance, and the significance of a trade surplus.