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Questions and Answers

Which statement best reflects Fukuyama's conclusion regarding political systems after the Cold War?

  • Liberal democracy has emerged as the dominant and final form of government. (correct)
  • Socialism offers a viable alternative to liberal democracy.
  • Authoritarian regimes remain the most stable form of governance.
  • Communism will likely see a resurgence in the future.

    • What economic consequence is associated with the spread of liberal democracy and capitalism?

  • Facilitation of increased trade and opening of borders. (correct)
  • Increased economic isolation of liberal democracies.
  • A decreased role of multinational corporations.
  • Decline in technology and information exchange.

    • What challenge to globalization is represented by nationalist populism?

  • Opposition to immigration and increased nationalism. (correct)
  • Promotion of liberal economic policies worldwide.
  • Acceptance of global institutions and agreements.
  • Support for free trade across all countries.

    • What trend in global economics has resulted from the 2008 global financial crisis?

    <p>An era of slowbalization or even deglobalization.</p> Signup and view all the answers

    Which of the following is NOT an outcome of liberal democracy according to the content?

    <p>Emergence of political autocracies.</p> Signup and view all the answers

    What motivates some countries like Latvia and Lithuania to join the Eurozone?

    <p>To keep Russia's influence low</p> Signup and view all the answers

    What is a significant function of the US dollar during global crises?

    <p>It acts as disaster insurance</p> Signup and view all the answers

    What was the primary basis of Bannon's nationalism?

    <p>Ethno-cultural issues</p> Signup and view all the answers

    Which of the following describes the benefits afforded to the US by the dollar?

    <p>It enables running significant fiscal and current account deficits</p> Signup and view all the answers

    What central point did Trump's policies focus on?

    <p>American sovereignty</p> Signup and view all the answers

    What aspect of nationalism emphasizes state-building through modernization?

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

    What is the primary focus of economic nationalism?

    <p>Prioritizing domestic jobs and achieving self-sufficiency</p> Signup and view all the answers

    What was a significant effect of the trade war with China?

    <p>Decoupling of supply chains</p> Signup and view all the answers

    What do protectionist measures in economic nationalism aim to achieve?

    <p>Safeguarding domestic industries from external influences</p> Signup and view all the answers

    Which of the following best describes techno-nationalism?

    <p>Policies aimed at protecting domestic technology industries</p> Signup and view all the answers

    Which theoretical element of nationalism refers to the use of nationalism as a strategic tool by leaders?

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

    What does Ha-Joon Chang argue about the development of today's rich countries?

    <p>They relied on interventionist trade and industrial policies.</p> Signup and view all the answers

    How did 19th century countries like Germany and the US approach technology from Britain?

    <p>They appropriated British technology via reverse engineering.</p> Signup and view all the answers

    What is one common geopolitical instrument in economic nationalism?

    <p>Imposing tariffs and import restrictions</p> Signup and view all the answers

    What are techno-nationalist policies NOT likely to include?

    <p>Protectionist measures for foreign industries</p> Signup and view all the answers

    What has the rich countries' approach to global institutions limited for developing countries?

    <p>Their ability to access foreign technology</p> Signup and view all the answers

    What is a consequence of environmentally unfriendly production being transferred to developing countries?

    <p>Plundering of natural resources in developing countries</p> Signup and view all the answers

    How did the US-China trade war impact tariffs on imported goods?

    <p>It increased tariffs from 3.5% to 8%</p> Signup and view all the answers

    Which of the following best describes geoeconomic statecraft?

    <p>The ability to influence geopolitics through economic power</p> Signup and view all the answers

    What percentage of the value of the world's companies was wiped out during the 2008 financial crisis?

    <p>33%</p> Signup and view all the answers

    What tactic does China employ in its aircraft market to achieve political goals?

    <p>Leveraging its market potential to influence international deals</p> Signup and view all the answers

    Why are developing countries more likely to borrow from emerging markets rather than Western financial institutions?

    <p>Western institutions prioritize human rights over financial interests</p> Signup and view all the answers

    Which of the following factors contributed to the disruption of global supply chains during the pandemic?

    <p>Extensive lockdowns in China</p> Signup and view all the answers

    Which country experienced a deglobalization trend while the Netherlands saw an increase in global integration?

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

    What impact does the use of geoeconomic tools have on diplomacy and markets?

    <p>It leads to a transformation in the nature of diplomacy and markets</p> Signup and view all the answers

    In what year did the US-China trade war see an increase in average tariffs to 8%?

    <p>2019</p> Signup and view all the answers

    What is one reason the Global North is dissatisfied with globalization?

    <p>Job loss and wage stagnation</p> Signup and view all the answers

    Which countries might utilize the economic power of Russia or China to counteract Western sanctions?

    <p>Countries that are sanctioned or disliked by the United States</p> Signup and view all the answers

    What issue is associated with the Global South's dissatisfaction with globalization?

    <p>Unequal distribution of benefits</p> Signup and view all the answers

    What trend characterizes the economies of Africa and Latin America in the past decade?

    <p>Sharp decline in economic performance</p> Signup and view all the answers

    Which factor is NOT mentioned as a reason for globalization's failure according to Stiglitz?

    <p>Cultural integration</p> Signup and view all the answers

    What is one consequence of the structural adjustment policies in the Global South?

    <p>Worsening social welfare</p> Signup and view all the answers

    What was the main reason the US government took actions against Huawei?

    <p>Concerns over national security and espionage</p> Signup and view all the answers

    What consequence did Huawei face following the Trump Administration's actions?

    <p>Ban on US federal agencies using its equipment</p> Signup and view all the answers

    Which individual from Huawei was arrested in Canada related to US sanctions?

    <p>Meng Wanzhou</p> Signup and view all the answers

    What action did the Federal Communications Commission (FCC) take regarding Huawei?

    <p>Designated Huawei and ZTE as national security threats</p> Signup and view all the answers

    What does the term 'long-arm jurisdiction' refer to?

    <p>A legal practice where a court can exercise jurisdiction over defendants in other jurisdictions</p> Signup and view all the answers

    Which country reacted by implementing new rules against the long-arm jurisdiction of foreign laws?

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

    What was one claim made against Huawei by the US?

    <p>Stealing trade secrets from US companies</p> Signup and view all the answers

    Why did AT&T back out of a deal with Huawei in 2018?

    <p>Under pressure from regulators</p> Signup and view all the answers

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