The Contemporary World, Lessons 1 to 8

FALSE

TRUE OR FALSE: Globalization means the emergence of countries and societies across the world.

FALSE

TRUE OR FALSE: Financial globalization refers to giving money to help poor countries or third-world countries.

TRUE

TRUE OR FALSE: The aftermath of political globalization led to the emergence of the civil society.

TRUE

TRUE OR FALSE: According to experts, globalism is the operation on planning of economic and foreign policies on a global basis.

TRUE

TRUE OR FALSE: In the 18th century, industrialization took place.

TRUE

TRUE OR FALSE: Globalization gave the world technological progress that allowed countries to experience a faster exchange between goods, products and information.

FALSE

TRUE OR FALSE: Globalization is just a concept or phenomenon with a very short history.

TRUE

TRUE OR FALSE: Neo-liberalism completely eradicates itself to selfish and individual interests.

FALSE

TRUE OR FALSE: Globalization restricts free markets, norms and neo-liberal meanings.

FALSE

TRUE OR FALSE: Ideology was first coined by Antoine Destutt De Tracy in the late 19th century.

Digital Age

It refers to the age of information.

Market Globalism

It is a type of economic globalization and measure of economic integration.

Foreign Direct Investment (FDI)

It promotes innovation, assisting their chosen partner to have better production.

Alliance

The process of merging between two or more corporations to avoid competition.

Producer-driven Commodity Chains

This is where a specific product is manufactured, formed and controlled.

Government Owned and Controlled Corporation

What does the acronym GOCC mean?

General Agreement on Trade in Services (GATS)

It is a regulating body that liberates international trade.

Third Phase

The phase of globalization that took place in the Second World War (WWII) in 1945.

Golden Age of Capitalism

The period from the late 1940s to the early 1970s.

Late 1970s

The year when the Golden Age of Capitalism owned abruptly.

Market Globalism

Reflects the concept of globalization with neo-liberal values and meanings.

Imperial Globalism

Refers to the process of economic changes based on the use of force through economic sanctions.

Corporate Social Responsibility (CSR)

It is a self regulating business model that helps communities be socially responsible.

Malcolm Waters

According to him, today's economic system suggests that both the cultural and political arenas are becoming more activated and energized.

Market Globalism

What claim is considered as an anchor in the neo-liberal ideal of the self regulating market as a normative basis for a future global order?

Paul Ricoeur

Identified the historical elements and functions of ideology.

Reality Distortion

The production of contorted images of social reality.

Social Integration

It provides society with stability and solidarity.

Ideology

Is a system of patterned beliefs that are accepted as truth by parts of the society.

Globalization

It is made possible so that the world could get closer together.

Joseph Nye

He described the interconnectedness of the world in terms of transportation and communication.

Informational Globalization

A type of globalization that is the process driven by industrialization and aided by informational technology.

Cultural Globalization

It is a process of exchanging ways of life to intensify social relations.

First phase

This phase favored more the exchange of knowledge rather than the exchange of goods.

Industrialization

This gave the world an opportunity to a prominent technological progress that allowed countries to experience a faster exchange between goods, products and information.

Trains, Steamships, Telegraphs, Postal Systems

What are the four advancing technologies of the second half of the 19th century?

Democracy, Industrialization, Scientific Progress

Events that are generally linked to the 18th and 19th century

Introduction of the Gregorian Calendar, Discovery of the Heliocentric view of the Solar System

What were the two significant events mentioned in the brief history of globalization aside from the colonization of Spaniards and the discovery of America?

Standardization of Products, Employment of Assemble Lines, Higher Living Wage for Workers

Major success stemmed from three major principles.

Trade, Culture, Transportation, Technology, Employment

Five perspectives of globalization

1776

Year the American Declaration of Independence happened

Legitimation

Process of claiming legitimacy made by the ruling authority

Freeden

According to him, what makes an ideology "political" is that its claims select privilege and construct social meanings related to the exercise of power in society.

Justice Globalism

constructs the vision of globalization based on the ideology of global solidarity and social justice

Religious Globalism

Mobilize religious beliefs and aspires for a

global and religious community to uphold superiority over their secular beliefs and

structures

Neo-liberalism

Form of liberalism which supports free-market capitalism

Political Globalization

According to Wikipedia, "_______________ refers to the growth of the worldwide political system both in size and complexity like civil society, international non-governmental organizations, social movements or the United Nations".

Also increased the flow of communication between and among countries to further spread democratic ideas to developed countries and reduce cultural barriers across the world.

Globalism

The means that interconnects the world by means of transportation and communication.

According to Oxford University, ____________ is the operation or planning of economic and foreign policy on a global basis.

Financial Globalization

Refers to international lending institutions for capital outlay to developing countries like IMF and the World Bank.

Industrial Globalization/Transnational Globalization

Process linked by interconnected cross-border production and it enables firmness to enter into new markets, to capitalize on technological organizational

advantages and to reduce cost.

1914

In ____, the outbreak of the World War II brought about an end to everything including the society of the West and cotton used as well as globalization.

New imperialism

The second wave of globalization was also called the "____________"

Global Company

Generally referred to as a multi-national corporation (MNC) or transnational corporation (TNC).

MNC or TNC

A corporation that operates in two or more countries, usually third world countries, to leverage the global environment to approach varying markets in attaining the revenue generation.

Investment-based globalization

The global reach of a vertically integrated TNC dates from the late 19th century in primary products such as oil, mining or agriculture and automobiles from the 20th century.

Trade-based globalization

In the 1970s, there was a marked shift to export oriented

industrialization as a preferred development strategy in many parts of the developing world beginning with East Asia but later on spreading in Latin America, Africa and everywhere else in 1980 (Gereffi and Wyman, 1990).

This shift in the national development strategies toward

exports was premised on the rapid and diversified industrialization of a wide range of

developing nations.

Digital Globalization

In the mid-1990s, the information revolution and a growing acceptance of the Internet began to create an explosion in connectivity due to open and almost cost-free exchange of a widening universe of rich information (Evans and Wuster, 2000).

Buyer-driven Commodity Chains

Refer to those industries in which large retailers, marketers and branded manufactures play the pivotal roles in setting up decentralized production networks in a variety of exporting countries, typically located in the third world.

Quick Response (QR) Management

A management concept created to increase consumer satisfaction and survive increasing competition from new competitors.

BRICS

An economic alliance and partnership for the developing countries of Brazil, Russia, India, and China coined by the Jim O'Neill.

North Atlantic Treaty Organization (NATO)

A political alliance founded in 1949 of 30 European and North American countries to ensure the security and safeguard of their people using political and military means in their territories.

Privatization

The act or the process of transferring a public company to a private one is called _________.

European Union

An international organization originally made up of 28 European countries.

Manfred Steger

_______________ stated that media helped bring about a fundamentally rising global imaginary.

1870s

Silent motion pictures were first used in the early __________.

Handwritten

Before the printing press, scrolls were painstakingly _____________ and the accuracy was doubtful.

Cuneiform

The _______________ script was first created in Mesopotamia.

Media/Mass Media

The __________ made the economic globalization possible by building the foundation of global of the world's market economy.

Santi Tuk

The village of ____________ in Thailand created their own currency.

Shaw

According to _____________, we are now an object of new globalization.

Arjun Appuadurai

According to _____________, state-nations is on its last leg.

Economic

___________ globalization is a historical process, the result of innovation and technological process.

Asia, South Asia

The regions of ____________ and ______________ provided opportunities for the developed countries to further their improvement with their economy.

FALSE

TRUE OR FALSE: According to Alfred Steger, globalization is one of the foremost concept in the late 20th century.

FALSE

TRUE OR FALSE: The infamous phrase "no man is an island" can only be applied to people.

FALSE

TRUE OR FALSE: The idea of creating the European Union was finalized before World War II.

TRUE

TRUE OR FALSE: According to Szentes, "in economic terms, globalization is nothing but a process of making the world economy an 'organic system'".

FALSE

TRUE OR FALSE: The state finds themselves in a subordinate position in the current world order.

FALSE

TRUE OR FALSE: According to World Bank, the economic globalization is a historical process, the result of human innovation and technological process.

FALSE

TRUE OR FALSE: Administrators have speculated the diminishing role of states as a vehicle thriving which political communities organize themselves in the era to come.

FALSE

TRUE OR FALSE: Transnational activism is being held as a possibility for maintaining status quo.

FALSE

TRUE OR FALSE: The full use of the gold standard prevailed until 1915.

TRUE

TRUE OR FALSE: Ohmae implied that states ceased to exist as primary economic organization units in the wake of global markets.

FALSE

TRUE OR FALSE: The global south originated as the product of Eurocentrism.

FALSE

TRUE OR FALSE: According to McChesny, media oligopoly is interested in the ideology of a global village or the evangelizing of culture, but profit.

TRUE

TRUE OR FALSE: In the European Monetary System, member countries collectively managed their exchange rates.

TRUE

TRUE OR FALSE: The US strongly objected the ASEAN and Japan saw the exclusion of the United States as threat to their partnership so they immediately vetoed the idea.

FALSE

TRUE OR FALSE: In 1974, cellphones were invented.

Economic Interdependence

It is the system by which countries and nations across the globe use to depend upon each other's strengths.

International Law

The body of legal rules, norms and standards that is applied between sovereign states and other countries that are legally recognized as international actors.

United Nations

What name did President Franklin Roosevelt coined during the Second World War?

Transnational Activism

It is already becoming a fast and trending phenomenon to solicit support for their ideologies across borders.

Thomas Friedman

He essentially claims that the states have lost an important element of economic sovereignty and that neo-liberalism is beyond contestation.

Transnational Activism

It is the mobilization or collective claims by actors located in more than one country.

Economic Globalization

It refers to the increasing integration of economies around the world.

Manuel Castells

He advocated the theory of social movement and development.

Gills and Thompson

They suggested that globalization processes has been ongoing since the age of Homo Sapiens.

World Bank

This institution claims that globalization can reduce poverty but in the contrary does not benefit all nations.

Frank and Gills

They located the origin of globalization in the distant past.

Wallerstain

According to him, capitalism is a historical social system.