LESSON 3

Question 1

3 components of globalization:

Answer 1

economic
cultural/social
political

Question 2

It refers to the widespread internationalmovement of goods, capital, services, technology, and information.

Answer 2

economic globalization

Question 3

is one most often mentioned in the media

Answer 3

economic globalization

Question 4

economic globalization primarily composes of:

Answer 4

1. Production
2. Finance
3. Markets
4. Technology
5. Organizations
6. Institutions
7. Corporations
8. Labor

Question 5

works to achieve sustainable growth and prosperity for all of its 191 member countries.

Answer 5

international monetary fund

Question 6

supports economic policies
that promote financial stability and monetary cooperation

Answer 6

international monetary fund

Question 7

IMF in numbers:

Answer 7

191
44
1944
1 trillion

Question 8

The IMF fosters international financial stability by offering:

Answer 8

1. Policy advice
2. Financial assistance
3. Capacity development

Question 9

A core responsibility of the IMF is monitoring the economic and financial policies of member countries and providing them with policy advice, an activity known as?

Answer 9

surveillance

Question 10

The IMF identifies potential risks and
recommends appropriate policy adjustments to sustain economic growth and promote financial stability

Answer 10

policy advice

Question 11

Unlike development banks, the IMF does not lend for specific projects. Instead, the IMF provides financial support to countries hit by crises to create breathing room as they
implement policies that restore economic stability and growth.

Answer 11

financial assistance

Question 12

It also provides precautionary financing to help prevent crises

Answer 12

international monetary fund, financial assistance

Question 13

can help countries to improve tax collection and bolster public
finances. It can help countries to modernize their monetary and exchange rate policies, develop legal systems, or strengthen governance.

Answer 13

capacity development

Question 14

also can help countries collect and disseminate data to inform decision-making

Answer 14

capacity development

Question 15

The International Monetary Fund (IMF) gets its funds primarily from its member countries through the following sources:

Answer 15

quotas
borrowing
interest & service charges

Question 16

was established in 1944 to
help rebuild Europe and Japan after World War II. Its official name was the International Bank for Reconstruction and Development
(IBRD)

Answer 16

world bank

Question 17

It supports a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management

Answer 17

world bank

Question 18

lends money to middle-income
countries at interest rates lower than the rates on loans from commercial banks.

Answer 18

world bank

Question 19

lends money at no interest to the poorest developing countries, those that often cannot find other sources of loans

Answer 19

world bank

Question 20

world bank KEY PRIORITIES:

Answer 20

result
reform
open development

Question 21

continues to sharpen the
focus on helping developing countries
deliver measurable results

Answer 21

result

Question 22

working to improve every
aspect of work: how projects are designed, how information is made available (Access to Information), and how to bring our operations closer to client governments and communities

Answer 22

reform

Question 23

offers a growing range of free,
easy-to-access tools, research and knowledge to help people address the world’s development challenges.

Answer 23

open development

Question 24

Macroeconomic and financial stability

Answer 24

IMF

Question 25

Long-term economic development and poverty reduction.

Answer 25

world bank

Question 26

is the only global international organization dealing with the rules of trade between nations

Answer 26

world trade organization

Question 27

The goal is to ensure that trade flows as smoothly, predictably and freely as possible

Answer 27

world trade organization

Question 28

the WTO is the successor to?

Answer 28

general agreement on tariffs and trade

Question 29

how many members does WTO have?

Answer 29

166

Question 30

help its members use trade as a means to raise living standards, create jobs and improve people’s lives.

Answer 30

world trade organization

Question 31

operates the global system of trade rules and helps developing economies build their trade capacity

Answer 31

world trade organization

Question 32

At the heart of the system – known as the _________ ________ ________ – are the WTO’s agreements, negotiated and signed by a large majority of the world’s trading economies, and ratified in their parliaments

Answer 32

multilateral trading system

Question 33

It refers to the rapid transmission of ideas, meanings, and values and cultural products across around the world in such a way as to extend and intensify social relations.

Answer 33

cultural globalization

Question 34

is an important aspect of cultural globalization.

Answer 34

migration

Question 35

is the movement of people from one place to another, with intentions of settling, permanently or temporarily, at a new location

Answer 35

migration

Question 36

result of cultural globalization

Answer 36

homogeneity

Question 37

the process of cultural convergence, where cultures become more similar.

Answer 37

homogeneity

Question 38

It's a result of increased interconnectedness between countries

Answer 38

homogeneity

Question 39

impacts of homogenization:

Answer 39

1. Loss of cultural identity 2. Loss of sense of place 3. Cultural conflicts

Question 40

It refers to the growth of the worldwide political system, both in size and complexity.

Answer 40

political globalization

Question 41

political globalization includes:

Answer 41

national governments international governments

Question 42

The creation and existence of the ______ ______ has been called one of the classic examples of political globalization

Answer 42

united nations

Question 43

is an international organization founded in 1945.

Answer 43

united nations

Question 44

how many member states does UN hold?

Answer 44

193

Question 45

One place on Earth where all the world’s nations can gather together, discuss common problems, and find shared solutions that benefit all of humanity

Answer 45

united nations

Question 46

structure of the UN

Answer 46

1. General Assembly, 2. Security Council 3. Economic and Social Council 4. Trusteeship Council 5. International Court of Justice 6. Secretariat

Question 47

is the main deliberative, policymaking and representative organ of the UN. All 193 Member States of the UN are represented in the ______ _______, making it the only UN body with universal representation

Answer 47

general assembly

Question 48

has primary responsibility, under the UN Charter, for the maintenance of international peace and security. It has 15 Members (5 permanent and 10 non-permanent members). Each Member has one vote. Under the Charter, all Member States are obligated to comply with Council decisions

Answer 48

security council

Question 49

takes the lead in determining the existence of a threat to the peace or act of aggression. It calls upon the parties to a dispute to settle it by peaceful means and recommends methods of adjustment or terms of settlement.

Answer 49

security council

Question 50

permanent members of the UN security council:

Answer 50

china france russia UK USA

Question 51

operates at the centre of the UN system’s work on all three pillars of sustainable development—economic, social and environmental. It is the unifying platform for integration, action on sustainable development and follow-up and review

Answer 51

ECOSOC

Question 52

one of the main organs of the United Nations, and assigned to it the task of supervising the administration of Trust Territories placed under the International Trusteeship System

Answer 52

trusteeship council

Question 53

to promote the advancement of the inhabitants of Trust Territories and their progressive development towards self-government or independence

Answer 53

trusteeship council

Question 54

is a non-self-governing territory that is administered by another country or organization. The United Nations (UN) or a member state would often administer trust territories to help with economic, political, social, and educational advancement

Answer 54

trust territories

Question 55

Investigates and, where warranted, tries individuals charged with the gravest crimes of concern to the international community: genocide, war crimes, crimes against humanity and the crime of aggression. As a court of last resort, it seeks to complement, not replace, national Courts.

Answer 55

international criminal court

Question 56

ICC is governed by an international treaty called?

Answer 56

rome statute

Question 57

is the principal judicial organ of the UN. The Court has two functions: 1. To settle, in accordance with international law, legal disputes submitted by States, and 2. To give advisory opinions on legal questions referred to it by authorized UN organs and specialized agencies

Answer 57

international court of justice

Question 57

ICJ is governed by?

Answer 57

UN charter

Question 58

carries out the day-to-day work of the UN as mandated by the General Assembly and the Organization's other main organs.

Answer 58

secretariat

Question 59

is the head of the Secretariat, which has tens of thousands of UN staff members working at duty stations all over the world

Answer 59

secretary-general

Question 60

"chief administrative officer" of the Organization, who shall act in that capacity and perform "such other functions as are entrusted" to them by the Security Council, General Assembly, Economic and Social Council and other United Nations organs

Answer 60

secretary-general

Question 61

secretary general of UN charter today?

Answer 61

antonio guterres

Question 62

UN General Assembly - President of the 62nd Session

Answer 62

carlos po romulo

Question 63

bonus