Theorization and Structures of Globalization

Thirty fill-in-the-blank practice flashcards covering the concepts, theorization, definitions, and structures of globalization based on the lecture transcript.

According to Filmer (1995), __________ economic ideologies favoring free trade and free circulation of capital have encouraged an international system of economic interdependence.

Neo-liberal and laissez-faire

In the context of modernization theory, the West is viewed as a map for global development, as noted by Hulme and __________ (1990).

Turner

Imperialism is a broad concept describing methods employed by one country to gain control over another, sometimes through __________ conquest.

territorial

__________ generally involves settlers as well as much more formal mechanisms of political control than imperialism.

Colonialism

The process of revealing and dismantling colonialist power in all its forms is known as __________.

Decolonization

According to Hamilton (2008), one of the dimensions of globalization is economic globalization, which involves __________ and investing between countries.

trading

Saskia Sassen notes that the global economy involves the global decentralization of production simultaneous to the centralization of command and control within __________ cities.

global

Global value chains follow the creation of value through different stages, from the creation of a product to its __________ after use.

disposal

Countries vying for increased investment and export business through low prices and low wages often engage in a __________.

race to the bottom

Countries that enter the world market at the bottom, such as China and Mexico, eventually move on to produce higher-value products at higher wages through industrial __________.

upgrading

__________ outsourcing involves contracting work to companies located in other countries.

Offshore

Globalization in economics refers to the prevalent international movement of goods, capital services, __________, and information.

technology

Political globalization involves intergovernmental organizations such as the International Monetary Fund, the World Bank, and the __________.

World Trade Organization

Globalization in __________ refers to the transmission of ideas, meanings, and values around the world to extend and intensify social relations.

Culture

Money can be transferred between countries at a faster rate than goods, services, and people, making international __________ one of the primary features of a global economy.

finance

Global investment refers to an investment strategy not constrained by geographical boundaries and mainly takes place via __________.

FDI

__________ refers to the study of the behaviour of households, individuals, and firms with respect to the allocation of resources and decision-making.

Microeconomics

Under international trade transactions, capital goods refer to machinery and industrial raw materials, whereas primary goods refer to natural resources and __________ materials.

raw

Schirato and Webb (2003) view globalization as a __________ regime that acts as a machine that eats up anyone and anything in its path.

discursive

Manifestations of globalization described by Mittelman (2000) include the spatial reorganization of production and the diffusion of identical __________ goods to distant countries.

consumer

The approach to globalization that views it as a recent phenomenon associated with post-industrialization and restructuring of capitalism uses a __________-year time frame.

20-30

According to the six core claims of globalism outlined by Steger (2005), the third claim states that __________ is in charge of globalization.

NOBODY

Steger (2005) states that the sixth core claim of globalism is that globalization requires a global war on __________.

terror

Before the global age, people, things, and information were characterized by __________, which is the characteristic of being limited to one place.

solidity

Globalization in the global age is increasingly characterized by flows of __________ phenomena including people, objects, decisions, and information.

liquid

In terms of globalization metaphors, pre-industrial and industrial societies were characterized as __________ because they were difficult to move.

heavy

The __________ trade was implemented by the Spaniards in the Philippines as an early form of international trade.

Galleon

The Bretton Woods system created in 1944 adopted the __________ as the standard currency, pegged at $35 per ounce of gold.

US dollar

Under the WTO, protection of intellectual property is carried out through __________.

TRIPS

The rapid improvement and spread of technology across borders to peripheral and semi-peripheral nations is known as technological __________.

diffusion