Global Governance System Overview
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Questions and Answers

What potential impact could increased tariffs proposed by Trump have on the U.S.-China relationship?

  • Stagnation of global supply chains (correct)
  • Increased accessibility to Chinese technology for U.S. businesses
  • Lower prices for U.S. consumers on Chinese goods
  • Decreased economic cooperation between the two countries (correct)

    • What is a primary reason Trump has criticized NATO member countries?

  • Not meeting the military spending target of 2% GDP (correct)
  • Inadequate military readiness for global threats
  • Lack of contributions to U.S. defense budget
  • Their failure to adapt to modern warfare

    • Which consequence is likely due to an increased U.S. military presence in the Indo-Pacific region?

  • Stronger diplomatic relations with China
  • Increased cooperation in regional security
  • Heightened risk of confrontations with China (correct)
  • Decreased likelihood of military confrontations

    • How might Trump's policies affect U.S. businesses dependent on Chinese imports?

    <p>They may face disruptions in supply chains (B)</p> Signup and view all the answers

    What is a possible result of European countries increasing their military spending as pressured by Trump?

    <p>Improved military capabilities to handle threats (C)</p> Signup and view all the answers

    Which organization primarily lends money to develop infrastructure projects in various countries?

    <p>World Bank (C)</p> Signup and view all the answers

    What is one of the USA's main challenges related to technology production?

    <p>Microchip production (D)</p> Signup and view all the answers

    Which of the following is NOT considered one of the three most important economic partners of the USA?

    <p>Brazil (C)</p> Signup and view all the answers

    What is the dominant currency used in global trade transactions?

    <p>US Dollar (B)</p> Signup and view all the answers

    Which of the following best describes the relationship between the US dollar and international transactions?

    <p>It is used in almost all world transactions. (B)</p> Signup and view all the answers

    Which factors primarily determine the value of a currency?

    <p>Relationship with the IMF and market demand (B)</p> Signup and view all the answers

    What aspect of trade is the USA notably losing control over?

    <p>Control of maritime routes (A)</p> Signup and view all the answers

    Which statement accurately reflects the trade relations of the European Union?

    <p>It has bilateral trade agreements with select member countries. (A)</p> Signup and view all the answers

    What is a significant impact of Trump's election on US policies?

    <p>Reduction in public health budget (C)</p> Signup and view all the answers

    Which of the following is a consequence of Trump's economic policy?

    <p>Promotion of self-sufficiency through increased tariffs (C)</p> Signup and view all the answers

    How does Trump's election affect international trade?

    <p>US imports will decrease as protectionist policies take hold (B)</p> Signup and view all the answers

    What is one of Trump's key strategies for military power?

    <p>Strengthening military forces (B)</p> Signup and view all the answers

    What economic strategy does Trump use to influence low-income Americans?

    <p>Reducing government spending (B)</p> Signup and view all the answers

    What role does the US play in conflicts in the Middle East and Ukraine under Trump?

    <p>Supplying arms and materials (A)</p> Signup and view all the answers

    What is the intended effect of Trump’s tariffs on foreign countries?

    <p>To limit imports and boost domestic industries (D)</p> Signup and view all the answers

    What is the primary economic justification behind US foreign policy decisions?

    <p>Advancing economic interests (A)</p> Signup and view all the answers

    What is a key factor contributing to the USA's status as a hegemonic power in the global economy?

    <p>The control and influence over global economic rules. (D)</p> Signup and view all the answers

    What role does the US dollar play in international trade?

    <p>It is the most widely used currency for conducting international trade. (D)</p> Signup and view all the answers

    How does the USA maintain its influence through soft power?

    <p>Through social and educational aspects, including language. (D)</p> Signup and view all the answers

    Which of the following best describes the USA's military position?

    <p>It has a strong military force, particularly in the navy and air force. (D)</p> Signup and view all the answers

    What is one reason the USA is not self-sufficient in mineral resources?

    <p>It depends on other countries, particularly China, for minerals. (C)</p> Signup and view all the answers

    In terms of natural resources, which of the following is a key resource that contributes to the USA's near self-sufficiency?

    <p>Natural gas and oil. (D)</p> Signup and view all the answers

    Which statement best reflects India's position in comparison to the USA in the technological sector?

    <p>India has limited influence but is innovating in technology. (D)</p> Signup and view all the answers

    What aspect does the USA control that impacts the global economy significantly?

    <p>It has established institutions that promote its economic ideas. (D)</p> Signup and view all the answers

    What role does the USA play in the global governance system?

    <p>It influences governance through hegemony. (A)</p> Signup and view all the answers

    What is China's primary challenge to the USA's hegemony?

    <p>Its focus on technological advancement. (C)</p> Signup and view all the answers

    Which of the following is NOT a characteristic of China as an actor in the global governance system?

    <p>Focus on liberalism and democracy. (C)</p> Signup and view all the answers

    What is the main role of the World Bank?

    <p>Lends money for development projects (D)</p> Signup and view all the answers

    What potential does India have as an emerging actor in global governance?

    <p>Population growth and democratic values. (B)</p> Signup and view all the answers

    How does the liberal economic model generally affect small economies?

    <p>It favors rich countries over small economies (C)</p> Signup and view all the answers

    What aspect of global governance does geopolitical and geo-economic influence mainly rely on?

    <p>Power dynamics and economic control. (B)</p> Signup and view all the answers

    What is one reason that USA's decisions significantly impact global living standards?

    <p>It sets standards for trade and governance. (D)</p> Signup and view all the answers

    What distinguishes the economic model of China?

    <p>Significant government intervention combined with capitalist practices (C)</p> Signup and view all the answers

    Which statement best describes India's role in the global economy?

    <p>An emerging economy with leadership in IT and outsourcing (C)</p> Signup and view all the answers

    What economic strategy is China currently focusing on to enhance its global position?

    <p>Controlling the use of its currency in trade. (B)</p> Signup and view all the answers

    How does the international economic architecture influence global governance?

    <p>By establishing monetary policies and trade controls. (C)</p> Signup and view all the answers

    What does the term 'structural adjustments' refer to?

    <p>Policy changes that align countries with liberal economic models (B)</p> Signup and view all the answers

    Why is the USA considered currently powerful in the global economic architecture?

    <p>It has significant governance in both economic and geopolitical aspects. (A)</p> Signup and view all the answers

    What is one challenge faced by China's economic system?

    <p>Absence of democracy impacting legal frameworks (D)</p> Signup and view all the answers

    What aspect of India’s economy presents a dual challenge?

    <p>Technological advancement along with widespread poverty (C)</p> Signup and view all the answers

    Study Notes

    Global Governance System

    • Key actors control the global governance system, influencing everyone's actions and decisions.
    • Geopolitics and geo-economy are the driving forces.
    • International World Order: influence and balance of power.
    • International Economic Architecture: economic power and control over trade, finance and development

    Main Actors

    • USA: governance and liberalism.
    • China: significant control over trade, a capitalist system with strong government intervention.
    • India: large population, expanding market, technological advancement, and democracy (soft power).

    Most Significant Actor

    • USA: influential over global governance institutions, economically, socially, and politically.
    • USA's decisions shape the world and influence living standards.

    Challenger

    • China is challenging USA's hegemony.
    • The main confrontation is in technology and economics, specifically in trade and currency.

    Global Economic Architecture

    • Capitalism, based on liberalism and neoliberalism.
    • This structure is dynamic and changes based on current situations and different government interventions.
    • Free trade, democracy, limited government intervention with regulated markets are key principles.

    USA’s Role in Global Architecture

    • The USA has designed and controls the global economic architecture, based on neoliberal capitalism.
    • Its values and interests significantly impact global economic rules and governance.
    • Dollar-denominated trade is influential.

    Chinese Model in Global Architecture

    • China's role is economically significant, with a capitalist system and strong government intervention.
    • However, the lack of democracy and legal system is a contrasting factor.

    India's Role in Global Architecture

    • India is a key player in global economic growth and technology.
    • Its fast-growing GDP and leadership in IT services have a significant impact.

    USA's Values and Impact

    • USA's history and values influence its decisions, policies, and global interactions.
    • It follows a predominantly capitalist and liberal economic structure.

    US Military Influence and Importance

    • The USA's strong military provides security and protects economic interests.
    • Military investment is an important factor in the global economy.

    Importance of Natural Resources

    • The USA is largely self-sustaining in terms of important natural resources like oil and gas.

    US Influence on Global Trade

    • The US dollar is the most used currency worldwide, influencing international trade.

    US Economic Partners

    • The US has important trade relations with several countries (EU, Mexico, Canada, China, etc...).

    Trump's Policies and Impact

    • Trump's policies focused on protectionism, impacting international trade, global economics, and geopolitical relationships (e.g. with China).
    • Significant changes in trade policies, immigration, and relations with other nations.

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    Global Governance System PDF

    Description

    Explore the dynamics of the global governance system and its key actors. Understand the roles of major countries like the USA, China, and India in shaping international economic architecture and geopolitical strategies. This quiz covers the balance of power and the influence of economic policies on global stability.

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