UNIT 1. THE STRUCTURES OF GLOBALIZATION Flashcards

LESSON 1 - 5 (99 cards)

1
Q

A movement in the 1960 which opposes trade deals among countries facilitated and promoted by international organizations such as the World Trade Organization.

A

Anti-Globalization

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2
Q

It is the expansion and intensification of social relations and consciousness across world-time and across world-space.

A

Globalization

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3
Q

Who described Globalization as the expansion and intensification of social relations and consciousness across world-time and across world-space.

A

Manfred Steger

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4
Q

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.

A

Expansion

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5
Q

It refers to the expansion, stretching and acceleration of networks.

A

Intensification

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6
Q

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.

A

Manfred Steger

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7
Q

____________ as a process refers to a larger phenomemon that cannot simply be reduced to the ways in which global markets have been intregated.

A

Globalization

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8
Q

Anthropologist that proposes the dimensions of integration called the “scapes”

A

Arjun Appadurai

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9
Q

Scape that refers to the movement of people.

A

Ethnoscape

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10
Q

It refers to the flow of culture or flow of media across borders.

A

Mediascape

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11
Q

A kind of scape that refers to the circulation of mechanical goods or software/ technologies.

A

Technoscape

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12
Q

A scape that refers to the circulation of money.

A

Financescape

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13
Q

It is the realm wherein political ideas move around.

A

Ideoscape

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14
Q

It is the agency/organization that regards “economic globalization” as a historical process representing the result of human innovation and technological progress.

A

International Monetary Fund (IMF)

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15
Q

It is characterized by the increasing integration of economies around the world through the movement of goods, services, and capital across borders.

A

Economic Globalization

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16
Q

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.

A

World Bank

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17
Q

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.

A

Silk Road

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18
Q

Historians who stated that globalization began when all important populated continents began to exchange products continuously.

A

Dennis O. Flynn and Arturo Giraldez

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19
Q

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.

A

Galleon Trade

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20
Q

The Galleon Trade took place during the ______________

A

Age of Mercantilism

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21
Q

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.

A

Gold Standard

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22
Q

The time when gold standard was abandoned.

A

The First World War

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23
Q

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.

A

Great Depression

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24
Q

The economic historian who stated that the United States began to recover when it abandoned the gold standard.

A

Barry Eichengreen

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25
The currencies that are not backed by precious metals and whose values are determined by their cost relative to other currencies.
Fiat Currencies
26
This was inaugurated with the goal of preventing past catastrophes from happening again and impacting international connections.
The Bretton Woods System
27
The british economist that greatly influences the Bretton Woods system. Wherein he believed that a country experiences economic crises not when it does not have suffiecient funds; rather, it happens when money is not being spent; thus moved.
John Maynard Keynes
28
When economies slow down, governments have to reinvigorate markets with infusions of capital. This active participation of governments in managing economic crisis became the foundation for the system of global _________.
Keynesianism
29
The financial institutions responsible for funding postwar reconstruction projects.
International Bank for Reconstruction and Development (IBRD) or the World Bank and International Monetary Fund (IMF)
30
The global lender of last resort to prevent individual countries to prevent individual countries from spiraling into credit crisis.
International Monetary Fund (IMF)
31
A legal agreement with a main objective of reducing tariffs and other hindrances to free trade.
General Agreement on Tariffs and Trade (GATT)
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A phenomenon in which a decline in an economic growth and employment takes place alongside a sharp increase in prices.
Stagflation
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Economists who argued that the government's practice of pouring money into their economies had caused inflation by increasing the demand for goods without necessarily increasing the supply.
Friedrich Hayek and Milton Friedman
34
It is characterized by networks of connection that span multi-continental distances.
Globalism
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A state or a nation befriends other state or nation which gradually result to a more concrete and stabilized relationships.
Social Relation
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The awareness and knowledge of the capabilities and strategies of other state or nation in order to protect his or her own.
Social-Consciousness
37
According to __________ and team researchers at focus on the global south, the US used its power under GATT system to prevent Philippines importers from purchasing Philippine poultry and pork even as it sold meat to the Philippines.
Walden Bello
38
A system of global trade with multiple restrictions
Mercantilism
39
It is contemporarily used to refer to market-oriented reform policies such as "eliminating price-controls, deregulating capital markets, lower trade "barriers" and reducing state influence in the economy, especially through privitization and austery.
Neoliberalism
40
Dominated the economic agenda and it waas assumed that these stimulus policies would lick-start the recovery by replacing lower private spending and marshalling idle resources.
Keynesian Orthodoxy
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It is the sustained increase in the general price level of goods and services in an economy over a period of time.
Inflation
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A new organization founded in 1995 to continue the tariff reduction under the GATT. The policies they forwarded came to Washington Consensus.
World Trade Organization (WTO)
43
It is a set of 10 economic policy prescription considered to constitute the standard reform package promoted for crisis-wracked developing countries by Washington.
Washington Consensus
44
A challenge to Neoliberalism that happened during 2007-2008
Great Depression
45
During 2007-2007, ___________ increase more than seven-folds
Iceland Debt
46
It is a major investment bank that collapsed during September 2008, thereby depleting major investment.
Lehman Brothers
47
To mitigate the risk of these loans, banks that were lending houseowners' money pooled these mortgage payments and sold them as "______________".
Mortgage-Backed Securities (MBS)
48
It refers to the intersecting process that creates order and shaping globalization.
Global Governance
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it is a modern phenomenon in human history where people organized themselves as a country.
Nation-State
50
It is a large body of people united by common descent, history, culture or language, inhibiting a particular country or territory.
Nation
51
It is formed by people and permanent power within a specified territory.
State
52
International intergovernmental organizations or groups that are primarily made up of member-states.
International Organization
53
Fallacy about international organization.
They are merely amalgamation of various state interest
54
The term composed of two non-interchangeable words.
nation-state
55
IOs can invented and apply categories. They create powerful global standards.
Power of Classification
56
Various terms like "security" or "development" need to be well-defined. States, organizations and individuals view IOs as a legitimate sources of information.
Power to Fix Meaning
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They spread norms that are acceptable codes of conduct that may not be strict law, but nevertheless produce regularity in behavior.
Power to Diffuse Norms
58
First major characteristic in today's world politics.
There are independent countries or states that rule themselves.
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Second characteristic in today's world politics.
Countries communicate with one another through diplomacy.
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The third characteristic in today's world politics.
There are international institutions that enable interactions such as the UN.
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The fourth characteristic in today's world politics.
International institution take on lives of their own in addition to enabling meetings between governments.
62
Four attributes of a state.
1. Authority over a specific population. 2. It governs a specific territory. 3.It has a structure of government. 4. It has sovereignity over its territory.
63
According to ______________ a nation is an "imagined community"
Benedict Anderson
64
A set of agreements signed in 1648 to end the Thirty Years War between the major continental powers of Europe.
Treaty of Westphalia
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It has provided stability for the nations of Europe.
The Westphalian System
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He believed in spreading the principles of the French Revolution— liberty, equality and fraternity— to the rest of Europe, and thus, challenged the power of kings, the nobility, and religion in Europe.
Napoleon Bonaparte
67
A war that lasted from 1803-1815.
The Napoleonic Wars
68
It is what the French implemented which forbade birth privileges, encouraged freedom or religion, and promoted meritocracy in the government service.
Napoleonic Code
69
It is the alliance of "great powers" — the UK, Austria, Russia and Prussia— that sought to restore the world of monarchial,hereditary, and religious privileges of the time before the French Revolution and the Napoleonic Wars. An alliance that sought to restore the sovereignity of states.
Concert of Europe
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It is a system named after the Austrian diplomat, Klemens von Metternich.
Metternich System
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The desire for increased cooperation and solidarity among states and people.
Internationalism
72
The two principles of Internationalism.
Liberal Internationalism and Social Internationalism
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A phenomenon of deepining of interactions of states.
Internationalization
74
The study of political, military and other diplomatic engagements between two or more countries.
International Relations
75
A German philosopher who is the first major thinker of liberal internationalism.
Immanuel Kant
76
The British philosopher who coined the word "International" and advocated the creation of "international law" that would govern inter-state relations.
Jeremy Bentham
77
He believed that objective global legislators should aim to propose legislations that would create "the greatest happiness of all nations taken together.
Jeremy Bentham
78
The 19th century Italian patriot who is the first thinker to reconcile nationalism with liberalism internationalism.
Giuseppe Mazzini
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He is a major critic of the Metternich System. He believed in a Republican government and proposed a system of free nations that cooperated with each other to create an international system.
Giuseppe Mazzini
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A nationalist internationalist who believes that a free, unified nation-states should be the basis of global cooperation.
Giuseppe Mazzini
81
The United States President of 1913 - 1921 who was influenced by Mazzini, that saw nationalism as a prerequisite for internationalism. And because of his faith in nationalism, he forwarded the principle of self-determination.
Woodrow Wilson
82
The belief that the world's nations had a right to a free and sovereign government.
Principle of Self-Determination.
83
The Axis Powers
Hitler's Germany, Mussolini's Italy and Hirohito's Japan
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The Allied Powers
Unites States, United Kingdom, France, Holland and Belgium
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One of Mazzini's most vehement adversaries was a German socialist philosopher who did not believe in nationalism. He emphasized economic equality, dividing the world into classes rather than countries.
Karl Marx
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A union of the European socialist and labor parties established in Paris in 1889. It's achievements included the declaration of May 1 as Labor Day and the creation of an International Women's Day.
Socialist International (SI)
86
The co-author of Karl Marx, who believed that in a socialist revolution seeking to overthrow the state and alter the economy, the proletariat "had no nation".
Friedrich Engels
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Leader of Bolshevik Party
Vladimir Lenin
88
Lenin's successor.
Joseph Stalin
89
The main deliberative policymaking and representative organ of UN.
General Assembly
90
A Filipino diplomat who was elected the GA president from 1949-1950
Carlos P. Romulo
91
In charge of evaluating whether a threat to the peace or an act of aggression exists. Aims to restore international peace and security.
Security Council
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The Permanent 5 (P5)
China, France, Russia, United Kingdom and United States.
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It s the principal body for coordination, policy review, policy dialogue, and recommendations on social and environmental issues, as well as the implementation of internationally agreed development goals.
Economic and Social Council (ECOSOC)
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The organ whose task is to settle, in accordance with international law, legal disputes submitted to it by states and to give advisory opinions referred to it by authorized United Nations organs and specialized agencies.
International Court of Justice
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It consists of the Secretary-General and tens of thousands of International UN staff members who carry out the day-to-day work of the UN as mandated by the General Assembly and the organization's other principal organs. As such it is the bureaucracy of the UN, serving as a kind of international civil service.
The Secretariat
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