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Questions and Answers
Which of the following is NOT a characteristic of trade protectionism?
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?
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?
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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.
