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ASEAN Free Trade and Its Impact on Domestic Industries

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ASEAN Free Trade and Its Impact on Domestic Industries

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Questions and Answers

What is the primary focus of International Political Economy (IPE) as a subfield of Political Science?

The impact of globalization on local economies

The study of global governance and institutions

The role of non-governmental organizations in international relations

The convergence of international political and economic forces (correct)

What is the primary role of multinational corporations (MNCs) in the context of IPE?

Promoting fair trade practices globally

Regulating global economic transactions

Representing the interests of their home nations in global markets (correct)

Representing the interests of host nations in global markets

What is the term associated with the reduction of barriers to trade among nations?

Free trade (correct)

Liberalization

Globalization

Protectionism

What is the primary driver of economic globalization, according to the text?

Western liberalism Signup and view all the answers

When did the global trade system become more open, according to the text?

1990s Signup and view all the answers

What is the main consequence of the Philippines joining the ASEAN Free Trade system?

Decline of local industries due to cheaper imported products Signup and view all the answers

What is the primary basis of global division in the contemporary world order?

Economic and ideological differences Signup and view all the answers

What is the term used to describe the development of the West and its influence over other nations?

Westernization Signup and view all the answers

Which of the following economies is NOT part of the original BRIC(S) economies?

South Africa Signup and view all the answers

What is the term used to describe the fast and high growth nations in East Asia?

Tiger Economies Signup and view all the answers