Podcast
Questions and Answers
What score did Norway achieve in the Human Development Index in 2015?
What score did Norway achieve in the Human Development Index in 2015?
- 0.980
- 0.895
- 0.949 (correct)
- 0.930
Which term describes countries that are characterized by wealth, industrialization, and developed economies?
Which term describes countries that are characterized by wealth, industrialization, and developed economies?
- Emerging Markets
- Global North (correct)
- Third World
- Global South
How many poor citizens worldwide lived on less than USD 1.90 a day as of 2013?
How many poor citizens worldwide lived on less than USD 1.90 a day as of 2013?
- 500 million
- 900 million
- 1 billion
- 767 million (correct)
What does the Human Development Index measure with regards to a country's development?
What does the Human Development Index measure with regards to a country's development?
Which of the following statements best characterizes a 'Zero Sum Game'?
Which of the following statements best characterizes a 'Zero Sum Game'?
What is the main ideological difference between the three 'worlds' recognized in global studies?
What is the main ideological difference between the three 'worlds' recognized in global studies?
What best describes the flexibility of the concept of a 'region' as stated by Mansfield and Milner?
What best describes the flexibility of the concept of a 'region' as stated by Mansfield and Milner?
Which defining aspect of regions allows for their organization and understanding according to shared characteristics?
Which defining aspect of regions allows for their organization and understanding according to shared characteristics?
What is the main focus of regionalism as a political ideology?
What is the main focus of regionalism as a political ideology?
What does regionalization primarily refer to?
What does regionalization primarily refer to?
Which of the following is an example of a Free Trade Agreement (FTA)?
Which of the following is an example of a Free Trade Agreement (FTA)?
What characterizes the political process of regionalism?
What characterizes the political process of regionalism?
Which countries signed the RCEP in 2020?
Which countries signed the RCEP in 2020?
What is the core purpose of NATO?
What is the core purpose of NATO?
Which of the following is NOT a feature of a Free Trade Agreement?
Which of the following is NOT a feature of a Free Trade Agreement?
How is regional concentration of economic flow defined?
How is regional concentration of economic flow defined?
What is the Brandt Line primarily used to illustrate?
What is the Brandt Line primarily used to illustrate?
Which term describes countries that are politically powerful and economically developed?
Which term describes countries that are politically powerful and economically developed?
What characterizes Third World countries in the context of the Cold War?
What characterizes Third World countries in the context of the Cold War?
Which of the following statements about the Global North and Global South is correct?
Which of the following statements about the Global North and Global South is correct?
Which of the following countries would likely be categorized under the Second World?
Which of the following countries would likely be categorized under the Second World?
What was the main focus of Willy Brandt's report titled 'North-South: A Program for Survival'?
What was the main focus of Willy Brandt's report titled 'North-South: A Program for Survival'?
How are First World countries defined in the context of global politics?
How are First World countries defined in the context of global politics?
Which aspect of the Global South is highlighted in the context of global economics?
Which aspect of the Global South is highlighted in the context of global economics?
What does the term 'Fourth World' refer to?
What does the term 'Fourth World' refer to?
What is one of the primary roles of remittances in the Philippine economy?
What is one of the primary roles of remittances in the Philippine economy?
What is the central theme of Eduardo Galeano's book 'Open Veins of Latin America'?
What is the central theme of Eduardo Galeano's book 'Open Veins of Latin America'?
In which section does Galeano discuss the consequences of wealth on poverty?
In which section does Galeano discuss the consequences of wealth on poverty?
How do remittances contribute to poverty alleviation in the Philippines?
How do remittances contribute to poverty alleviation in the Philippines?
What impact do remittances have on household spending?
What impact do remittances have on household spending?
What does the Dependency Theory suggest about the status of underdeveloped nations?
What does the Dependency Theory suggest about the status of underdeveloped nations?
Which of the following best describes the use of remittances for foreign exchange earnings?
Which of the following best describes the use of remittances for foreign exchange earnings?
Which countries are identified as the 'Periphery of Periphery'?
Which countries are identified as the 'Periphery of Periphery'?
What does the Dependency Theory imply about the flow of resources in Latin America?
What does the Dependency Theory imply about the flow of resources in Latin America?
What is a potential consequence of relying too much on remittances for economic stability?
What is a potential consequence of relying too much on remittances for economic stability?
Which of the following is NOT a category in the Dependency Theory's framework?
Which of the following is NOT a category in the Dependency Theory's framework?
How might remittances contribute to investment in local businesses?
How might remittances contribute to investment in local businesses?
Galeano criticizes which group for perpetuating the exploitation of Latin America?
Galeano criticizes which group for perpetuating the exploitation of Latin America?
What is a significant challenge faced by the Philippines in relation to its economic situation?
What is a significant challenge faced by the Philippines in relation to its economic situation?
What role does global capitalism play in the Philippine economy?
What role does global capitalism play in the Philippine economy?
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Study Notes
Zero Sum Game
- A situation where one side benefits at the expense of another
- An example is an increased export for one country causing a loss in another country
Game Theory
- A branch of mathematics focusing on strategic decision-making in situations with multiple players
Global South and Global North
- The North-South Divide aims to categorize nations based on their economic and political development
- Global North: Wealthy, industrialized nations with high GDP per capita, typically located in the Northern Hemisphere
- Global South: Poorer, developing nations with lower GDP per capita, generally located in the Southern Hemisphere
First, Second, and Third World
- These terms emerged during the Cold War, highlighting ideological differences
- First World: Primarily capitalist nations led by the US and UK
- Second World: Countries aligned with the communist Soviet Union, often referred to as the eastern bloc
- Third World: Mostly former colonies that remained neutral during the Cold War
Fourth World
- Refers to nomadic, marginalized groups existing within both developed (First World) and developing (Third World) countries
Human Development Index (HDI)
- Measures a nation's progress in three key areas: education, health, and living standards
- Norway consistently ranks high on the HDI with an almost perfect score
Regionalism and Regionalization
- Regionalization is the increased flow of capital, goods, and people within a specific geographical area
- Regionalism emphasizes the unique economic policies and political interests of particular regions
Regional Comprehensive Economic Partnership (RCEP)
- A free trade agreement involving 15 countries, including the 10 members of the Association of Southeast Asian Nations (ASEAN)
- Aims to strengthen economic ties and facilitate trade within the region
Dependency Theory
- Focuses on how developed nations exploit developing nations to maintain their economic dominance
- Latin America, highlighted in Eduardo Galeano's book, “Open Veins of Latin America: Five Centuries of the Pillage of a Continent" exemplifies this through centuries of exploitation by colonial powers
Key Points of Open-Veins
- Galeano criticizes Latin America's oligarchy, arguing that it serves as a tool for foreign powers to maintain control and perpetuate resource exploitation
- The book highlights the unequal flow of resources from Latin America to wealthy nations, especially the Global North, perpetuating a cycle of dependency
- The dependency theory is crucial to the understanding of Open Veins, emphasizing the role of Western powers in the Global South's struggle for equitable development
Philippines' Underdevelopment
- Despite remittances generating income and contributing to economic stability, the Philippines remains underdeveloped
- The country heavily relies on global remittances, leading to a dependence on external forces rather than strengthening internal industrialization
- The lack of strong domestic markets contributes to the country's continued reliance on imports, further hindering development
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