12 Questions
Which type of economy involves systematic government interference in foreign trade to prioritize domestic production?
Protectionism
What was the biggest increase in world trade from 1971 to 1999 according to the text?
Export of manufactured goods
According to Immanuel Wallerstein's theory, which countries are considered the core countries in the global economy?
High-income countries with financial institutions at the center of economic activities
Which category of countries contributes to the manufacturing and exportation of a variety of goods, according to the modern world system?
Semi-periphery countries
What marked the history of market integration in 12000 BC, as per the text?
Agricultural Revolution
What is the primary focus of protectionism as described in the text?
Systematic government interference in foreign trade
What economic system is characterized by privately owned natural resources and means of production?
Capitalism
Which organization is described as a global corporation and a significant player in globalization?
Global Corporation
What is the main purpose of global governance as discussed in the text?
To address global problems beyond state capabilities
In the context of market integration, what does vertical integration involve?
Ownership of operations and products along the supply chain
Which historical event marked the beginning of global trade according to the information provided?
European Exploration in the 15th century
What power do International Organizations (IOs) have as discussed in the text?
Power to fix meanings
Learn about the increase in global trade from 1971 to 1999, with a focus on the export of manufactured goods. Explore the types of economies associated with economic globalization such as protectionism and trade liberation.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
