Global Supply Chains Quiz

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Questions and Answers

What are some key indicators of gender inequality and women's empowerment?

Technological changes and globalization

Educational attainment and political representation

Global wealth tax and progressive income taxation

Access to healthcare and control over resources (correct)

What does the Champagne Glass representation of inequality depict?

The incomes of the wealthiest individuals sharply increase

Top earners experience disproportionately high income growth (correct)

The middle class in emerging economies has seen significant income growth

The widening gap between the wealthy and the rest of the population

What is the main focus of Thomas Piketty's proposals for addressing rising inequality?

Implementing global wealth tax and progressive income taxation

Technological changes and policy decisions

Preventing the concentration of wealth and promoting fair resource distribution (correct)

Visual representations of income and wealth distribution

What does the Hockey Stick representation of inequality depict?

The incomes of the wealthiest individuals sharply increase Signup and view all the answers

What are some factors contributing to the trend of global inequality?

Technological changes, globalization, and policy decisions Signup and view all the answers

What is the Elephant Graph a visual representation of?

Changes in global income distribution over time Signup and view all the answers

What does the 'Lexus' symbolize in Thomas Friedman's metaphor of 'Lexus and the Olive Tree'?

Forces of globalization Signup and view all the answers

What concept does the 'Golden Straitjacket' represent according to Thomas Friedman?

Set of economic policies for successful integration into the global economy Signup and view all the answers

According to proponents of the view of markets and their role in creating development, what positive impact do free markets and economic liberalization have?

Fosters innovation, efficiency, and economic growth Signup and view all the answers

What do nations commit to when they wear the 'Golden Straitjacket'?

Economic policies for successful integration into the global economy Signup and view all the answers

What does the 'Olive Tree' symbolize in Thomas Friedman's metaphor of 'Lexus and the Olive Tree'?

Traditional, rooted values and identities Signup and view all the answers

What does the perspective emphasizing the positive impact of free markets and economic liberalization argue for?

Allowing markets to operate with minimal interference Signup and view all the answers

What did the U.S.-China trade war impact beyond economics?

Diplomatic relations Signup and view all the answers

What did companies do to reduce dependence on a single country and mitigate the impact of tariffs?

Diversified supply chains Signup and view all the answers

What does Harry Braverman's concept of 'Educating Human Capital' emphasize?

Education's role in developing human capital Signup and view all the answers

What does human capital refer to?

Stock of knowledge, skills, and abilities Signup and view all the answers

What does the Atlas Network, associated with free-market ideologies, support?

Organizations advocating for free-market policies globally Signup and view all the answers

What did the U.S. and China sign in January 2020, signaling a partial de-escalation of tensions?

Phase One trade deal Signup and view all the answers

What concept is associated with the continual replacement of old technologies with new ones in a capitalist economy?

Creative destruction Signup and view all the answers

What do the 'balances' in globalization refer to?

Equilibrium between economic interests, social and environmental concerns, and income inequality Signup and view all the answers

Which book challenges conventional views on economic development and globalization?

Bad Samaritans Signup and view all the answers

What do critics argue about Friedman's advocacy for free-market capitalism?

Oversimplifies complex issues and underestimates negative consequences Signup and view all the answers

When were the Bretton Woods Institutions, including the World Bank, IMF, and WTO, established?

1944 Signup and view all the answers

What initiated the U.S.-China trade war and its effects?

Issues related to technology transfer and intellectual property theft Signup and view all the answers

What does Appelbaum's 'Outsourcing' primarily aim to achieve?

Cost reduction and efficiency improvement Signup and view all the answers

What did the collapse of Rana Plaza in Bangladesh highlight?

Poor working conditions in the garment industry Signup and view all the answers

What potential consequence can arise from just-in-time supply chains during disruptions?

Severe consequences Signup and view all the answers

What were the primary causes of famines in British colonial India?

Crop failures, economic policies, and social issues Signup and view all the answers

Which entities play a crucial role in shaping and managing global supply chains?

Retailers Signup and view all the answers

What do export processing zones offer incentives for?

Export-oriented production and foreign investment Signup and view all the answers

Study Notes

Global Supply Chains and Economic Influences

Appelbaum's "Outsourcing" refers to contracting business processes to third-party providers for cost reduction and efficiency improvement.
Producer-driven and buyer-driven commodity chains represent different models of global production coordination.
Outsourcing and commodity chains can significantly impact labor rights in developing countries.
"The Shirt on Your Back" by The Guardian investigates labor conditions and supply chain complexities in the garment industry.
Rana Plaza's collapse in Bangladesh in 2013 highlighted poor working conditions in the garment industry.
The Bangladeshi garment industry faces issues such as low wages, long hours, and safety concerns.
Just-in-time supply chains, while efficient, can lead to severe consequences during disruptions.
European colonial powers had significant impacts on trade patterns and resource exploitation in South Asia.
Famines in British colonial India were caused by crop failures, economic policies, and social issues.
Export-oriented and import substitution industrialization strategies aim to promote economic growth.
Retailers play a crucial role in shaping and managing global supply chains.
Export processing zones offer incentives for export-oriented production and foreign investment.

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Description

Test your knowledge of global supply chains and their economic influences with this quiz. Explore topics such as outsourcing, commodity chains, labor rights, garment industry conditions, just-in-time supply chains, colonial impacts on trade, industrialization strategies, and the role of retailers in global supply chains.