Podcast
Questions and Answers
What is the main actor that facilitates economic globalization according to the text?
What is the main actor that facilitates economic globalization according to the text?
- Transnational Corporation (TNC) (correct)
- World Trade Organization
- International Monetary Fund (IMF)
- World Bank
Which social system is comprised of nations that are politically and economically interdependent?
Which social system is comprised of nations that are politically and economically interdependent?
- Modern World System (correct)
- Globalization System
- Transnational Corporation (TNC) System
- Nation-based System
Which countries form the periphery in the Modern World System?
Which countries form the periphery in the Modern World System?
- Wealthy countries with advanced technology
- Nations whose natural resources and labor support wealthier countries (correct)
- Countries with closer ties to the global economic core
- Nations with a strong manufacturing base
What does Immanuel Wallerstein's core refer to in the Modern World System?
What does Immanuel Wallerstein's core refer to in the Modern World System?
Which type of countries have closer ties to the global economic core in the Modern World System?
Which type of countries have closer ties to the global economic core in the Modern World System?
What is the main focus of economic globalization?
What is the main focus of economic globalization?
What is the purpose of protectionism in an economy?
What is the purpose of protectionism in an economy?
What does outsourcing involve in the context of economic globalization?
What does outsourcing involve in the context of economic globalization?
What is a trade bloc in the context of international trade?
What is a trade bloc in the context of international trade?
What is the impact of economic globalization on local industries of nation-states?
What is the impact of economic globalization on local industries of nation-states?
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