UNIT 1. THE STRUCTURES OF GLOBALIZATION Flashcards
LESSON 1 - 5 (99 cards)
A movement in the 1960 which opposes trade deals among countries facilitated and promoted by international organizations such as the World Trade Organization.
Anti-Globalization
It is the expansion and intensification of social relations and consciousness across world-time and across world-space.
Globalization
Who described Globalization as the expansion and intensification of social relations and consciousness across world-time and across world-space.
Manfred Steger
It refers to “both the creation of new social networks and the multiplication of existing connections that cut across traditional political, economic, cultural and geographic boundaries.
Expansion
It refers to the expansion, stretching and acceleration of networks.
Intensification
He notes that “Globalization processes do not occur merely at an objective, material level but they also involve the subjective plane of human consciousness.” which means that people begin to feel that the world has become a smaller place, and distance has collapsed from thousands of miles to just a mouse click away.
Manfred Steger
____________ as a process refers to a larger phenomemon that cannot simply be reduced to the ways in which global markets have been intregated.
Globalization
Anthropologist that proposes the dimensions of integration called the “scapes”
Arjun Appadurai
Scape that refers to the movement of people.
Ethnoscape
It refers to the flow of culture or flow of media across borders.
Mediascape
A kind of scape that refers to the circulation of mechanical goods or software/ technologies.
Technoscape
A scape that refers to the circulation of money.
Financescape
It is the realm wherein political ideas move around.
Ideoscape
It is the agency/organization that regards “economic globalization” as a historical process representing the result of human innovation and technological progress.
International Monetary Fund (IMF)
It is characterized by the increasing integration of economies around the world through the movement of goods, services, and capital across borders.
Economic Globalization
An international development organization owned by 189 countries that lends money to the governments of its poorer members to reduce poverty and to improve economies and the standard of living of their people.
World Bank
It is the oldest known international trade route that connected different parts of the ancient world from China to what is the Middle East today and to Europe.
Silk Road
Historians who stated that globalization began when all important populated continents began to exchange products continuously.
Dennis O. Flynn and Arturo Giraldez
Trading route that connected Manila in the Philippines and Acapulco in Mexico. This was the first time that the Americas were directly connected to Asian trading routes.
Galleon Trade
The Galleon Trade took place during the ______________
Age of Mercantilism
The trade system adopted by UK, US and other European Nations with an overall purpose of establishing a common system that would enable more efficient trade and, at the same time prohibit the isolationism of the mercantilist era.
Gold Standard
The time when gold standard was abandoned.
The First World War
It is the global economic crisis that occurred in the 1920s until the 1930s. It is the worst and longest recession ever experienced by the Western World.
Great Depression
The economic historian who stated that the United States began to recover when it abandoned the gold standard.
Barry Eichengreen