30 Questions
What are some key indicators of gender inequality and women's empowerment?
Access to healthcare and control over resources
What does the Champagne Glass representation of inequality depict?
Top earners experience disproportionately high income growth
What is the main focus of Thomas Piketty's proposals for addressing rising inequality?
Preventing the concentration of wealth and promoting fair resource distribution
What does the Hockey Stick representation of inequality depict?
The incomes of the wealthiest individuals sharply increase
What are some factors contributing to the trend of global inequality?
Technological changes, globalization, and policy decisions
What is the Elephant Graph a visual representation of?
Changes in global income distribution over time
What does the 'Lexus' symbolize in Thomas Friedman's metaphor of 'Lexus and the Olive Tree'?
Forces of globalization
What concept does the 'Golden Straitjacket' represent according to Thomas Friedman?
Set of economic policies for successful integration into the global economy
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
What do nations commit to when they wear the 'Golden Straitjacket'?
Economic policies for successful integration into the global economy
What does the 'Olive Tree' symbolize in Thomas Friedman's metaphor of 'Lexus and the Olive Tree'?
Traditional, rooted values and identities
What does the perspective emphasizing the positive impact of free markets and economic liberalization argue for?
Allowing markets to operate with minimal interference
What did the U.S.-China trade war impact beyond economics?
Diplomatic relations
What did companies do to reduce dependence on a single country and mitigate the impact of tariffs?
Diversified supply chains
What does Harry Braverman's concept of 'Educating Human Capital' emphasize?
Education's role in developing human capital
What does human capital refer to?
Stock of knowledge, skills, and abilities
What does the Atlas Network, associated with free-market ideologies, support?
Organizations advocating for free-market policies globally
What did the U.S. and China sign in January 2020, signaling a partial de-escalation of tensions?
Phase One trade deal
What concept is associated with the continual replacement of old technologies with new ones in a capitalist economy?
Creative destruction
What do the 'balances' in globalization refer to?
Equilibrium between economic interests, social and environmental concerns, and income inequality
Which book challenges conventional views on economic development and globalization?
Bad Samaritans
What do critics argue about Friedman's advocacy for free-market capitalism?
Oversimplifies complex issues and underestimates negative consequences
When were the Bretton Woods Institutions, including the World Bank, IMF, and WTO, established?
1944
What initiated the U.S.-China trade war and its effects?
Issues related to technology transfer and intellectual property theft
What does Appelbaum's 'Outsourcing' primarily aim to achieve?
Cost reduction and efficiency improvement
What did the collapse of Rana Plaza in Bangladesh highlight?
Poor working conditions in the garment industry
What potential consequence can arise from just-in-time supply chains during disruptions?
Severe consequences
What were the primary causes of famines in British colonial India?
Crop failures, economic policies, and social issues
Which entities play a crucial role in shaping and managing global supply chains?
Retailers
What do export processing zones offer incentives for?
Export-oriented production and foreign investment
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.
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.
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