TCW

Question 1

A process that connects
different parts of the world through economic,
political, and cultural exchanges.

Answer 1

Globalization

Question 2

Triumph of a capitalist
world economy, who is this?

Answer 2

Immanuel Wallerstein

Question 3

It affects national economies, international
relations, and cultural interactions.

Answer 3

Globalization

Question 4

Increasing linkage of national economies

Answer 4

Economic globalization

Question 5

What are the key elements of ECONOMIC GLOBALIZATION

Answer 5

-FAST SPEED OF TRADE
■ GLOBAL ECONOMIC ORGANIZATIONS (IMF,
WTO, World Bank)
■ Multinational and transnational
corporations
■ Trade blocs (EU, ASEAN, NAFTA)
■ Free trade, privatization, and reduced
tariffs.

Question 6

• Compression of time and space, who?

Answer 6

David Harvey

Question 7

Accelerated growth of economic
activity across political boundaries, who?

Answer 7

Charles Oman

Question 8

Intensification of worldwide
social relations.

Answer 8

Anthony Giddens

Question 9

Varied phenomena under
globalization.

Answer 9

James H. Mittleman

Question 10

Process by which people are
incorporated into a single world society.

Answer 10

Martin Albrow

Question 11

Financial interlinking through cross-border
transactions

Answer 11

Paul Bairoch & Richard Kozul-Wrigh

Question 12

Integration of economic activities
across international borders.

Answer 12

Peter Dicken

Question 13

Internationalizing of production,
migration, and competition.

Answer 13

Robert Cox

Question 14

• Global cultural process

Answer 14

Arjun Appadurai

Question 15

Challenges the sovereignty of nation-states.

Strength of regional blocs (EU, ASEAN)
■ Emergence of global political norms
■ Multilateral and bilateral relations among
nations
■ Development of international laws and
global governance.

Answer 15

Political Globalization

Question 16

The world becoming a “global village.”

Elements:
■ Cultural exchange and influence
■ Spread of cultural imperialism
■ Borderless communication (internet,
social media, live broadcasts)
■ Adoption of different cultures.

Answer 16

Cultural Globalization

Question 17

The spread of technological advancement and innovations across countries driven by the need to stay competitive in a global market this includes advancements in communication transportation and production technologies.

Answer 17

Technology and innovation

Question 18

It is a multiphasted phenomenon that is influenced by economic political and cultural processes or shaping how individuals communities and nations interact globally

Answer 18

Globalization

Question 19

It operates multiple countries seeking to maximize profits through global production networks and supply chains. This corporations often invest in various countries bringing capital technology and employment

Answer 19

Multinational corporations (MNCs)

Question 20

The expansion of international trade and establishment of global markets for goods and services

This includes the reduction of trade barriers tariffs and import quotas leading to freer flow of goods and services across borders

Answer 20

Trade and investment

Question 21

This process highlights the dynamic and adaptive nature of cultures in a globalized world

Answer 21

Cultural hybridation

Question 22

The tendency towards a uniform global culture often driven by the dominance of western cultural products and media this can lead to the erosion of local cultures and identities

Answer 22

Cultural homogenization

Question 23

The increase insurrection and exchange of cultural practices ideas and values between different societies this includes the spread of languages food music fashion and traditions

Answer 23

Cultural exchange

Question 24

The role of global media networks and the internet

Answer 24

Media and communication

Question 25

Refers to the spread and interaction of cultural elements across the globe

Answer 25

Cultural process

Question 26

Encourages countries to harmonize their trade policies by reducing tariffs subsidies and other barriers to international trade leading to a more open and predictable global trading system

Answer 26

World trade organization agreements

Question 27

A convergence of environmental policies where countries commit to limiting global warming to below 2° c above pre-industrial levels

Answer 27

Paris agreement on climate change

Question 28

It is a specialized agency of the united nation responsible for international public health

Answer 28

World health organization

Question 29

It is an independent international tribunal that prosecutes individuals for genocide crimes against humanity war crimes and crimes of aggression Establish and international law and justice to hold perpetrators of serious crimes

Answer 29

International criminal court or icc

Question 30

Who argues that capitalism has a predominantly negative impact particularly on certain groups and regions

Answer 30

Wallerstein

Question 32

Increase movement of capital across borders including foreign direct investment portfolio investment and international banking. It also involves the integration of financial markets allowing for more rapid and extensive capital flows

Answer 32

Financial flows

Question 34

It involves how political relationships and structures adapt to the globalized world

Answer 34

Political process