Podcast
Questions and Answers
Which of the following is NOT a characteristic of trade protectionism?
Which of the following is NOT a characteristic of trade protectionism?
What is the primary goal of the Fair Trade movement?
What is the primary goal of the Fair Trade movement?
Which of the following is an example of a citizen initiative that operates at a global level?
Which of the following is an example of a citizen initiative that operates at a global level?
What role do intergovernmental organizations play in the dynamics of globalization?
What role do intergovernmental organizations play in the dynamics of globalization?
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What is the key takeaway from the text regarding the potential for global economic resistance?
What is the key takeaway from the text regarding the potential for global economic resistance?
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Study Notes
Global Economic Resistance
- Trade protectionism involves government intervention in foreign trade through tariffs and non-tariffs to encourage domestic production and deter foreign competition.
- This approach shields the domestic economy from systemic shocks.
- Trade protectionism is a systematic government intervention aimed at encouraging domestic producers.
Fair Trade
- Fair trade is an alternative approach to economic globalization that counters neoliberal "free trade" principles.
- It aims to create a more moral and equitable global economic system.
- Fair trade seeks to supply a mass audience.
Globalization
- Globalization involves the acceleration of movements and exchanges worldwide.
- It requires the efforts of inter-governmental organizations such as the United Nations and the World Bank.
- Globalization also involves the efforts of international NGOs like Greenpeace and Amnesty International.
- It further includes citizen initiatives and community action groups that reach beyond the nation-state level, such as the World Social Forum and Occupy Movement.
- Reforms in global governance are necessary to allow citizens to participate more directly in global aspects of human life.
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Description
This quiz covers three approaches to global economic resistance, including trade protectionism and fair trade, and their impacts on domestic economies and foreign trade.
