Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

TCW 101 | The Contemporary World > Midterm Reviewer > Flashcards

Midterm Reviewer Flashcards

(54 cards)

Start Studying
1
Q

Globalization is a multi-dimensional set of social processes that generate and increase “worldwide social interdependencies and exchanges while at the same time fostering people a growing awareness of deepening connections between the local and the distant

A

Globalization as a process

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Globality is a social condition characterized by trans-planetary connectivity and supra-territoriality.

A

Globalization as a condition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

______ is a social condition characterized by trans-planetary connectivity and supra-territoriality.

A

Globality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Globality is a social condition characterized by __________ and ___________.

A

trans-planetary, supra-territoriality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

6 core claims of Globalization as an Ideology

A
  1. It is about liberalization
  2. It is inevitable and irreversible
  3. Nobody is in charge of it
  4. It benefits everyone
  5. It furthers the spread of democracy
  6. It requires a global war on terror
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Globalization is virtually synonymous with the birth and spread of ________
- Immanuel Wallerstein

A

world capitalism

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Core countries according to the World Systems Paradigm

A

Western Europe, North America, Japan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Semi-Periphery countries according to the World Systems Paradigm

A

China, Middle East

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Periphery countries according to the World Systems Paradigm

A

Latin America, Africa, Eastern Europe, Asia

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Globalization is a novel stage in the evolving system of world capitalism

A

Global Capitalism Paradigm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

focuses on new global production and financial system

A

Global Capitalism Paradigm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

emphasizes the rise of processes that cannot be framed within the nation-state/iinter-state system

A

Global Capitalism Paradigm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

3 Planks of global Capitalism

A

Transnational Production, Transnational Capitalists, Transnational State

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Globalization is caused by technology and technological changes
- Manuel Castells

A

The Network Society School of Thought

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

According the The Network Society School of Thought, Globalization is _________

A

New Economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

New economy is: _____, _____, _____

A

informational, global, networked

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

World class cities of major production, finances or coordinating of the world economy

A

World Cities

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What are the three world cities?

A

New York, London, Japan

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

the local has been globalized

A

glocalization

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

________ is an umbrella concept encompassing a wide variety of transformative processes, practices and developments that take place simultaneously at the local level and global level.

A

Transnationality

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

religion, ethnicity, consumerism, language & tourism

A

The Global Village

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

fast-food restaurant dominating the world

Study These Flashcards
A

McDonaldization

23
Q

Coordinates the allocation and distribution of scarce resources

Study These Flashcards
A

Economic System

24
Q

The Bretton Woods Conference is formally known as the __________.

Study These Flashcards
A

United Nations Monetary and Financial Conference

25
The Bretton Woods Conference: Delegates from _____ countries agreed on the two international economic organizations _______, ________.
44, International Monetary Fund (IMF), World Bank
26
Created after The Bretton Woods Conference
General Agreement on Tariffs and Trade (GATT)
27
"keystone international economic organizations (KIEOs)"
The Bretton Woods Institution
28
When was the International Monetary Fund created?
1945
29
Its function is to provide short-term loans to prevent devaluation and retain the state's fixed exchange rate in instances of the temporary balance of payment deficits.
International Monetary Fund
30
IMF has since been dominated by the _____ and has been much criticized for marginalizing the _____ and failing to include emerging economies in its decision making
West, South
31
Its function in international trade was to reduce trade barriers and provide a rules-based system that enabled fair and predictable trade.
General Agreement on Tariffs and Trade (GATT)
32
The _____ operates as a multilateral trading system, meaning that its rules apply to all its members and that negotiations are conducted among all members.
World Trade Organization
33
A complex whole of agreements, rules, institutions, mechanisms and policies regarding exchange rates of international payment and the flow of capital.
International Monetary System
34
It is a monetary system in which the value of money is determined by two different metals.
Bimetallism
35
What were the two metals that determine the value of money?
Gold and Silver
36
It is a monetary system in which the value of a country's currency or paper money is directly linked to gold.
Classical Gold Standard
37
Recessions, banking crises, the Great Depression, and the rise of fascism defined the 1920s and 1930s. Exchange rates were largely floating and protectionism was on the rise.
Interwar Period
38
Types of exchange rate system
Managed float system of exchange rate Free floating exchange rate system
39
A system in which exchange rates are allowed to fluctuate between days within a certain range before the central bank intervenes to adjust them.
Managed Flow System
40
A flexible exchange rate system determined solely by market forces of demand and supply of foreign and domestic currency, with no government intervention, is known as clean or pure float.
Free Floating Exchange Rate System
41
Are one-sided, non-reciprocal trade preferences granted by developed countries to developing ones, with the goal of helping them to increase exports and spur economic development
Unilateral Agreement
42
is a trade agreement established between three or more countries with the intention of reducing barriers to trade, such as tariffs, subsidies, and embargoes, that limit a nation's ability to import or export goods.
Multilateral Agreement
43
"one of the most legalized international institutions in the world"
World Trade Organization
44
It was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939.
The Great Depressioin
45
The Great Depression began after the _________ of October 1929, which sent Wall Street into a panic and wiped out millions of investors
stock market crash
46
Regarded as the founder of modern macroeconomics
John Maynard Keynes
47
an international non-profit organization designed to increase the political and economic cooperation among its member countries
United Nations
48
it is the main deliberative, policy-making and representative organ of the UN as it represents the 193 member states of the UN.
General Assebly
49
It serves as the gateway of the United Nations' partnership with the rest of the world for the coordination, policy review, dialogue, recommendations, and implementations of international development goals.
Economic and Social Council (ECOSOC)
50
It is assigned of supervising the administration of Trust Territories placed under the International Trusteeship System.
Trusteeship Council
51
The Trusteeship Council is made up of the 5 permanent members of the Security Council which are:
China, France, Russian Federation, Great Britain, and the United States
52
it is the principal judicial organ of the UN.
International Court of Justice
53
It has a primary responsibility, under the UN Charter, for the maintenance of international peace and security.
Security Council
54
It carries out the substantive and administrative work of the United Nations as directed by the General Assembly, the Security Council and the other organs
Secretariat

TCW 101 | The Contemporary World (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions