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Questions and Answers
What are the four essential elements that define a state?
What term describes the international framework for political and economic interaction?
Which of the following best describes the nature of global governance?
Which treaty is historically significant for establishing the concept of state sovereignty?
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What could potentially replace the nation-state in contemporary governance?
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How did the Industrial Revolution change people's lifestyles?
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What is a characteristic of the Gig Economy in the 21st century?
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What role did the COVID-19 pandemic play in employment trends?
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Which of the following reflects a potential future trend in the job market?
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What impact did the Information Age have on employment?
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What is the primary goal of tariffs imposed by a government?
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What is the term used to describe the international exchange of goods and services?
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How does international trade impact a country's economy?
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What distinguishes Foreign Direct Investment (FDI) from portfolio investment?
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Which of the following is a potential consequence of economic globalization?
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Study Notes
Global Interstate System & Contemporary Global Governance
- The Global Interstate System is a system where the nation-state is the primary unit of the international system.
- The contemporary world is in a phase where there is a decline in national sovereignty due to the emergence of global governance.
- Global governance is characterized by the influence of non-state actors.
- The emergence of global governance is a result of globalization which is the growing interconnectivity and interdependence of nation-states.
- Global governance is also a result of the rising cost of interstate war and militarism.
- Global governance also aims to create an international system that is based on cooperation rather than conflict.
- Globalization has a major effect on governments around the world.
- Global governance is a complex system with varying degrees of impact.
- The state can be defined as a distinctive political entity with its own set of rules and practices.
Treaty of Westphalia
- The Treaty of Westphalia, signed in 1648, marked the end of the Thirty Years War.
- The Treaty of Westphalia established the modern nation-state system.
- The Treaty of Westphalia established the principle of state sovereignty.
- The principle of state sovereignty gives states the power to govern their own affairs without interference from other states.
Nation-state
- The nation-state is a political entity that combines the concept of a nation with the concept of a state.
- The nation-state is a creation of the modern world.
- The nation-state is also characterized by a strong sense of national identity and a desire for self-determination.
State
- The state is a political entity that has a permanent population, a defined territory, a government, and sovereignty.
- Sovereignty means the ultimate authority within a territory.
Nation
- A nation is a group of people who share a common culture, language, history, and territory.
- Often, nations are closely tied to the concept of nationalism.
Nationalism
- Nationalism is the belief that a nation should have its own state.
Globalism
- Globalism is a process of increasing interconnectedness and interdependence among nation-states.
- Globalism is driven by technological advancements and the rise of global institutions, such as the United Nations and the World Trade Organization.
- Globalism leads to the weakening of national sovereignty.
Non-Governmental Organizations
- Non-governmental organizations (NGOs) are non-profit organizations that operate outside of government control.
- NGOs engage in a variety of activities that aim to promote social and environmental change.
References
- The Contemporary World by Prince Kennex Reguyal Aldama, Rex Bookstore, Philippine Copyright 2018
- The Contemporary World by Lisandro E. Claudio & Patricio N. Abinales, C&E Publishing Inc., 2018
People’s Lifestyles through Time
- People’s lifestyle changes are driven by economic status and work evolution.
- Hunting and Gathering: Nomadic lifestyle with men hunting and women gathering food.
- Agriculture Revolution: Shift to settled life, cultivation of crops and domestication of animals.
- Industrialization: Workers moved from rural areas to cities, jobs became specialized and formalized due to mechanization.
- Post-War: Mass employment in manufacturing and service industries.
- Information Age: Proliferation of computers and the internet transformed jobs.
- Gig Economy: Short-term contracts and freelance work are common.
- Remote Work, Automation, and AI: These are expected to replace some jobs but also create new ones.
- Flexibility: The COVID-19 pandemic accelerated remote work, changing how and where work is done.
- Sustainability and Social Impact: Careers in renewable energy, sustainable agriculture, and social services are on the rise.
Global Economy and Market Integration
- Protectionism: Government intervention in foreign trade to encourage domestic production.
- Tariff: A fee on imports or exports, increasing the price of goods for consumers.
- World Market: Refers to the international exchange of goods, services, and capital.
- Benefits of the World Market: Access to international technology, variety and diversification of goods, specialization, cultural exchanges, and poverty alleviation.
- Drawbacks of the World Market: Competition between countries, unequal economic growth, imbalance in trade, and domestic job loss.
Five Key Elements of Economic Globalization
- International Trade: Increasing share of goods and services are imported/exported.
- Foreign Direct Investment (FDI): Investment in enterprises operating outside the investor's economy.
- Capital Market Flows: Increased diversification of portfolios to include foreign financial assets.
- Migration: Skilled workers moving between countries, potentially benefiting or harming economies.
- Diffusion of Technology: Innovations in telecommunications and technology facilitate cross-border idea sharing.
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Description
Test your understanding of the Global Interstate System and the rise of global governance. Explore how globalization influences national sovereignty and the role of non-state actors in contemporary politics. This quiz delves into historical components like the Treaty of Westphalia and their relevance today.
