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Introduction to Globalization Flashcards

1
Q

The process of integrated economies, cultures, and societies across the world

A

Globalization

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2
Q

What is a major driver of globalization?

A

Technological advancements

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3
Q

True or false: Globalization has only positive impacts on society

A

False

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4
Q

What is a challenge related to globalization?

A

Reduction in cultural diversity

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5
Q

According to Steger, Manfred, which best describes globalization?

A

The intensification of worldwide social relations linking distant locations

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6
Q

Globalization according to different scholars/sciences: Political scientist?

A

Challenge to the nation state

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7
Q

Globalization according to different scholars/sciences: Economist

A
  • Increased free trade
  • Speed of trade (Milliseconds to trade shares)
  • Global economic organizations
  • Regional trade blocs
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8
Q

A policy followed by some international markets in which countries’ governments do not restrict imports from, or exports to, other countries

A

Free trade

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9
Q

This is exemplified by the European Economic Area and the Mercosur, which have established open markets

A

Free trade

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10
Q

Global Economic Organization abbreviation: IMF

A

International Monetary Fund

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11
Q

Global Economic Organization abbreviation: WTO

A

World Trade Organization

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12
Q

Global Economic Organization abbreviation: WB

A

World Bank

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13
Q

Global Economic Organization abbreviation: OECD

A

Organization for Economic Cooperation and Development

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14
Q

Global Economic Organization abbreviation: WEF

A

World Economic Forum

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15
Q

Global Economic Organization abbreviation: Amongst the given list from the slide, this has numbers in it

A

G20

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16
Q

Global Economic Organization abbreviation: ILO

A

International Labour Organization

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17
Q

Global Economic Organization abbreviation: UNCTAD

A

United Nations Conference on Trade and Development

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18
Q

Global Economic Organization abbreviation: APEC

A

Asia-Pacific Economic Cooperation

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19
Q

Global Economic Organization abbreviation: G7?

A

Group of Seven

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20
Q

Global Economic Organization abbreviation: Starts with B

A

BRICS

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21
Q

Global Economic Organization abbreviation: UN ECOSOC

A

United Nations Economic and Social Council

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22
Q

Global Economic Organization abbreviation: G8

A

Group of 8

23
Q

Global Economic Organization abbreviation: OPEC

A

Organization of Petroleum Exporting Countries

24
Q

Global Economic Organization abbreviation: UNDESA

A

United Nations Department of Economic and Social Affairs

25
The _____ permits the existence of trade blocks
World Trade Organization
26
The WTO permits the existence of trade blocks, provided that they result in _______ protection against outside countries than existed before the creation of trade bloc
lower
27
EU stands for?
European Union
28
A customs union, a single market, and now with a single currency
European Union
29
EFTA stands for?
European Free Trade Area
30
NAFTA stands for?
North American Free Trade Agreement
31
What are the 3 countries involved in NAFTA
USA, Canada, and Mexico
32
A customs union between Brazil, Argentina, Uruguay, Paraguay, and Venezuela
Mercosur
33
ASEAN stands for?
Association of Southeast Asian Nations
34
AFTA stands for?
ASEAN Free Trade Area
35
COMESA stands for?
Common Market of Eastern and Southern Africa
36
SAFTA stands for?
South Asian Free Trade Area
37
SAFTA was created when?
2006
38
Give two countries belonging in SAFTA
India and Pakistan
39
When was Pacific Alliance made?
2013
40
A regional trade agreement between Chile, China, Colombia, Mexico, and Peru
Pacific Alliance
41
TPP stands for?
Trans-Pacific Partnership
42
A proposed free-trade agreement being negotiated during 2013 between Brunei, Chile, Canada, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietname
Trans-Pacific Partnership
43
Globalization according to different scholars/sciences: Scholar of Culture and Communication
* "Global village" * Communications technology is "shrinking" our world * "Cultural Imperialism"
44
What is global village?
Media has connected the world in ways that created a global village (McLuhan, 1964)
45
Refers to the dominance of one culture over others, often as a result of colonization, globalization, or other forms of political or economic power
Cultural Imperialism
46
Who said and when was "Globalization refers to the expansion and intensification of social relations and consciousness across world time and world space" said?
Steger, 2013
47
4 Attributes of Globalization
1. Various forms of connectivity 2. Expansion and stretching of social relations 3. Intensification and acceleration of social exchanges and activities 4. Occurs subjectively
48
1. Diverse (can be economic, political, cultural, etc.) 2. Enabled by various factors, pressures, media, etc. 3. Uneven (different degrees of interconnection)
Various forms of connectivity
49
A. From snail mail to Facebook B. Live television C. Increased travel (cheap flights)
Intensification and Acceleration of Social Exchanges and Activities
50
A. We think about the world B. We associate ourselves with global trends (fan of K-POP) C. Hopefully, we feel some sense of responsibility (climate change)
Occurs Subjectively
51
"Different "globalities" represent different forms of globalization" is stated by?
Flusty (2004)
52
Core claims of globalization?
1. Liberation and integration of market 2. Inevitable and irreversible 3. Nobody is in charge 4. Benefits everyone in the long run 5. Furthers the spread of democracy
53
Nearly _____ dollars accounts for the total value of imports/exports that cross national borders each year
23 trillion

CWORLD (12 decks)

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