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?

    <p>Western liberalism</p> Signup and view all the answers

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

    <p>1990s</p> Signup and view all the answers

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

    <p>Decline of local industries due to cheaper imported products</p> Signup and view all the answers

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

    <p>Economic and ideological differences</p> Signup and view all the answers

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

    <p>Westernization</p> Signup and view all the answers

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

    <p>South Africa</p> Signup and view all the answers

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

    <p>Tiger Economies</p> Signup and view all the answers

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