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Last updated 2:57 PM on 1/19/25
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76 Terms

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DECREASE IN PRICES OF GOODS & SERVICES

an advantage of globalization?

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PROTO-GLOBALIZATION

progressive changes that happened between 1600 & 1800 were referred to by historians as ________

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GEOGRAPHICAL

type of globalization that covers wildlife reserves that span several countries?

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RESTRICTS COMMERCE OR EXCHANGE OF SPECIFIC GOODS

tensions may arise between countries; hence an embargo may be imposed. what is the effect of embargo?

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PROTECTIONISM

when the philippines shields its domestic industries from foreign competition by taxing imports, it is exercising the principle of __________

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INTRO OF GUIDING POLICIES IN USE OF TECHNOLOGY

has helped in the improvement of global economic environment?

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POLITICAL

to which dimension of globalization are APEC and EU associated with?

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POLITICAL

philippines wants to keep up w/ its neighboring countries by modernizing the armed forces. what type of globalization is this?

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MORE COMPETITION

globalization can create problems for businesses. which of the following is an example of these problems?

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DOMESTIC COMPANY EXPORTS TO FOREIGN COUNTRIES

which of the following is part of globalization process?

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TRANSITION FROM HAND PRODUCTIONS TO MACHINE

which of the statements best characterizes Industrial Revolution?

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TECHNOLOGICAL ADVANCEMENT

which of the following is a driver of globalization?

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ABOLITION OF SLAVE TRADE

the following are results of international exploration & colonization, EXCEPT:

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LEVITT

he is credited as the one who popularized the term "globalization"

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FREE TRADE

policy in which a country does not levy taxes, duties, subsidies or quota on the import & export of goods or services from other countries

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FREE FLOW OF TECHNOLOGY

which of the following can be considered a good parameter of globalization?

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PAROCHIALISM

an outlook that is limited to one's immediate community called?

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TRADE IMBALANCE

considered one of the negative effects of globalization?

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ECOLOGICAL

global warming & greenhouse effect are phenomena associated w/ what type of globalization?

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LIBERALIZATION

process of removing state-imposed restrictions on movements between countries in order to create an "open", "borderless" world economy is called _________

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MORALITY

globalization represents an increasing integration of all the following, EXCEPT:

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INTERSTATE SYSTEM

the internet facilitates globalization. how does it help economies?

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EXPANSION

refers to both creation of new social networks & multiplication of existing connections that cut across traditional political, economic, cultural & geographic boundaries

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UNIVERSALIZATION

globalization viewed as process of spreading various objects & experiences to all people around of the world is called _________

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RIGHT TO VOTE

the following are features of economic globalization, EXCEPT:

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ACCORDING TO ONE'S STANCE OR AGAINST GLOBALIZATION

on what basis did waks develop the 3
globalization theories?

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BARRIERS TO TRADE & INVESTMENT

which of the following does NOT facilitate globalization?

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STEGER

he said that globalization it is the expansion & intensification of social relations & consciousness across world-time & across world-space

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INTRO OF GOODS & SERVICES

which one is not a feature of globalization?

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INTERSTATE SYST

refers to a system for international relations & institutions that govern international relations

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ENVIRONMENTAL DEGRADATION

which of the following is a disadvantage of globalization?

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INTERNATIONAL RELATIONS

an academic discipline that focuses on the study of interaction of actors in international politics

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INTERNATIONALISM

political principle which transcends nationalism & advocates a greater political or economic cooperation among nations & people

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INTERSTATE RELATIONS

authoritative actions/understandings w/ governmental authorities of another state or its groups or citizens, either bilaterally or thru international organization

(state visit, military aid, treaties)

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INTERSOCIETAL RELATIONS

within one state w/ groups or citizens of another state, or those relations within groups whose membership & organizations transcend states

(multinational corp, catholic church)

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INTERPERSONAL RELATIONS

relations of or between citizens of different states acting in their personal interests (personal)

(tourist, migrants, foreign student)

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GOVERNMENT

which in all states the coercive force monopolizing sphere of states

(national)

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SOCIAL GROUPS

second sphere of power

(fam, church, instituion, corporation)

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INDIVIDUAL

personal interests

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REALISM

- focus on military force to gain power

- notion states work to increase their own power relative to other states

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SELF-PRESERVATION

major theme of realism

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LIBERALISM (idealism)

- decreased use of military force

- states share broad ties, thus making it difficult to define singular independent national interests

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IMF
WORLD BANK

created in 1944 to help restore & sustain benefits of global integration, by promoting international economic cooperation

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IMF (international monetary fund)

- aims to promote global economic growth & financial stability

- to encourage international trade, & to reduce poverty.

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WTO (world trade organization)

international body whose purpose is to promote free trade by persuading countries to abolish import tariffs & other barriers

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GLOBAL ECONOMY

economy of all humans of the world, considered as the international exchange of goods & services that is expressed in monetary units of account

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ECONOMIC GLOBALIZATION

increasing interdependence of world economies as a result of growing scale of cross border trade of commodities & services

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PROTECTIONISM

policy in of systematic government intervention in foreign trade

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STRATIFICATION

division into social classes or layers

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MODERNIZATION THEORY

needed assistance from western business & gov't to provide fuel for industrialization & to kick start process of economic growth

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TRADITIONAL SOCIETY (rostow's)

pre-developing era & where investments are focused on agriculture, religion & military

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TRANSITIONAL STAGE (rostow's)

country starts to make investments on technology & infrastructure which stimulates the increase in GDP

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TAKEOFF (rostow's)

limited number of economic industries "takeoff" & produce a wide range of products

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DRIVE TO MATURITY (rostow's)

few industries spread to wide varieties

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HIGH MASS CONSUMPTION (rostow's)

economy shifts from production of heavy industry such as steel & energy to consumer goods like motor vehicles

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HOSELITZ

education is most important as it should speed up intro of western values

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INKELES

to diffuse ideas non-traditional such as family planning & democracy

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THEORY OF DEPENDENCY

defines globalization in connection to capitalism & exploitation of labor & resources in exchange of products from west

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THEORY OF WORLD

formulated by wallerstein emerged due to diff form of capitalism & due to struggle of 3rd world countries to alleviate their social conditions

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TRADITIONAL VALUES

prevent economic growth & change

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MODERN VALUES

inspire change & economic growth

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ECONOMIC

intensification & stretching of economic interrelations around the globe

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POLITICAL

intensification & expansion of political interrelations around the globe

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MILITARY

subdomain of political globalization, is defined as intensification & stretching of military power across the globe

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CULTURAL

intensification & expansion of cultural flows across the globe

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ECOLOGICAL

include population growth, access to food, worldwide reduction in biodiversity

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HYPERGLOBALIST APPROACH

theory which claims that the world has entered a 'truly global age' legalising dominance of 'global capitalism'

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SCEPTICAL APPROACH

questions effectiveness of trading blocs & views issue thru historic perspective

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TRANSFORMATIONAL APPROACH

represents intermediary, more balanced stance towards globalization

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ARCHAIC GLOBALIZATION

- time of earliest civilizations

- describes relationships between communities & states & how they were created by geographical spread of ideas & social norms

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MODERN GLOBALIZATION

allowed cheap production of household items using economies of scale

(advent)

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CONTEMPORARY WORLD

ever-changing society & encompasses all aspects of global community like economics, politics, culture, technology, & even ecology

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GLOBALIZATION

ongoing process that involves interconnected changes in economic, cultural, social, & political spheres of society

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WESTERNIZATION

- social structures of modernity like capitalism, rationalism, industrialism, bureaucratism, individualism

- normally destroying earlier-existent cultures & local self-determination in process

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FINANCIAL GLOBALIZATION

interconnection of world's financial systems

(stock markets)

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SOCIOLOGICAL GLOBALIZATION

growing belief that we are all global citizens & should all be held to same standards & have same rights

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