Globalization and Its Impact
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Questions and Answers

Which of these companies is NOT considered a Multinational Company?

  • McDonald's
  • Nestle
  • RC Cola (correct)
  • Coca-Cola

    • Which of the following is NOT an example of a Periphery country?

  • Malaysia (correct)
  • Guatemala
  • Bolivia
  • Ethiopia

    • The process of modern day globalization is NOT accelerated by which of the following factors?

  • Technological Revolution
  • Communication Revolution
  • Information Revolution
  • Cultural Revolution (correct)

    • What type of industry covers Mining, Fishing, Logging, and Farming?

    <p>Extractive Industry</p> Signup and view all the answers

    Which of the following is NOT an example of a Semi-Periphery country?

    <p>Somalia</p> Signup and view all the answers

    Which metaphor of globalization is most suited for ASEAN leaders agreeing to implement the ASEAN Market Integration?

    <p>Flow</p> Signup and view all the answers

    Which metaphor describes the situation of Air BNB not owning any hotels?

    <p>Disruption</p> Signup and view all the answers

    Which statement best describes North Korea's treatment of its people?

    <p>Repressive and inhumane</p> Signup and view all the answers

    What does stagflation refer to?

    <p>Decline in economic growth and employment</p> Signup and view all the answers

    Which organization is known for funding postwar reconstruction projects?

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

    What is the implication of globalization being viewed as an economic process?

    <p>It emphasizes the interconnectedness of nations.</p> Signup and view all the answers

    Which statement about neoliberalism is correct?

    <p>It is a new form of economic thinking.</p> Signup and view all the answers

    What is one characteristic of globalization?

    <p>It involves the deepening of global interconnectedness.</p> Signup and view all the answers

    Which statement about the galleon trade is true?

    <p>It marked the beginning of economic globalization in the Philippines.</p> Signup and view all the answers

    Which statement correctly describes the relationship between citizens and globalization?

    <p>You are a citizen of the world.</p> Signup and view all the answers

    How many active organs does the United Nations have?

    <p>Five</p> Signup and view all the answers

    What does the term 'ethnoscape' refer to in a global context?

    <p>The global movement of people</p> Signup and view all the answers

    Which statement accurately reflects the nature of sovereignty?

    <p>Sovereignty includes both internal and external authority</p> Signup and view all the answers

    What does globalization signify in terms of its effects?

    <p>It facilitates transactions between nation-states</p> Signup and view all the answers

    How does one's ethical horizon relate to global citizenship?

    <p>It expands to include a broader, global perspective</p> Signup and view all the answers

    What can be said about the nation of Scotland?

    <p>It possesses its own national culture but is part of the UK</p> Signup and view all the answers

    What role does the International Monetary Fund (IMF) play?

    <p>It is known as the global lender of last resort</p> Signup and view all the answers

    What is true about the Silk Road?

    <p>It connected diverse regions including China, the Middle East, and Europe</p> Signup and view all the answers

    How do states typically gain independence in a globalized world?

    <p>Through nationalist sentiment desiring independence</p> Signup and view all the answers

    Which metaphor of globalization is illustrated by the technological capacity of microchips dramatically increasing?

    <p>Acceleration</p> Signup and view all the answers

    Which metaphor of globalization is exemplified by Trump's pledge to repatriate jobs from China to America?

    <p>Friction</p> Signup and view all the answers

    Which metaphor of globalization applies to the Philippines being a major supplier of Overseas Contract Workers?

    <p>Flow</p> Signup and view all the answers

    Which metaphor of globalization does China's tariff on US aeronautic products represent?

    <p>Friction</p> Signup and view all the answers

    Which metaphor of globalization is applicable to China's One Belt One Road initiative?

    <p>Connectivity</p> Signup and view all the answers

    Which metaphor of globalization is indicated by the statement that more gadgets will be connected to the Internet than the global population?

    <p>Connectivity</p> Signup and view all the answers

    Which metaphor of globalization is illustrated by the World Bank focusing on progressive infrastructure?

    <p>Connectivity</p> Signup and view all the answers

    Which aspect of globalization is reflected by the concept of citizenship as being 'a citizen of the world'?

    <p>Connectivity</p> Signup and view all the answers

    What does the term 'technoscape' refer to?

    <p>The circulation of mechanical goods and software</p> Signup and view all the answers

    Which of the following accurately characterizes the concept of 'globalization'?

    <p>Globalization is a complex phenomenon</p> Signup and view all the answers

    Which statement about the United Nations Security Council is true?

    <p>It is the most powerful organ in the UN</p> Signup and view all the answers

    What best describes the concept of 'neoliberalism'?

    <p>An ideology advocating for free-market capitalism</p> Signup and view all the answers

    How does 'ideoscape' function within political discourse?

    <p>It refers to the realm where political ideas move</p> Signup and view all the answers

    What is the principal characteristic of the First Industrial Revolution?

    <p>The development of railways</p> Signup and view all the answers

    Which statement reflects the relation between nationalism and state sovereignty?

    <p>Nationalist sentiment is critical for attaining independence</p> Signup and view all the answers

    Which of the following is NOT true about globalization?

    <p>It involves subjective plans of human consciousness</p> Signup and view all the answers

    Study Notes

    Globalization

    • Economic globalization began in the Philippines through the galleon trade.
    • Globalization is an intensification of social relations and deepening of global interconnectedness.
    • The World Bank is responsible for funding postwar reconstruction projects.
    • Globalization is an uneven process that affects people differently.

    Multinational Companies

    • Nestlé, RC Cola, Coca-Cola, and McDonald's are examples of multinational companies.

    Periphery Countries

    • Guatemala, Malaysia, Bolivia, and Ethiopia are examples of periphery countries.

    North Korea

    • North Korea is known for its repressive and inhumane treatment of its people.

    Extractive Industries

    • Mining, fishing, logging, and farming are examples of extractive industries.

    Semi-Periphery Countries

    • Brazil, South Africa, Indonesia, and Somalia are examples of semi-periphery countries.

    Drivers of Globalization

    • Empires were the first known drivers of globalization.

    Metaphors of Globalization

    • Flow: The rapid implementation of the ASEAN Market Integration.
    • Disruption: Airbnb operating in the hospitality industry without owning any hotels.
    • Connectivity: Singapore having the fastest internet speed in Southeast Asia.
    • Acceleration: The dramatic increase in microchip capacity.
    • Friction: Trump's pledge to repatriate jobs to America from China and China imposing tariffs on US aeronautic products.

    Globalization and the Philippine Context

    • The Philippines is one of the biggest suppliers of Overseas Contract Workers (OCWs) in the world.

    Key Terms

    • Stagflation: A decline in economic growth and employment.
    • Neoliberalism: A new form of economic thinking.
    • Parochialism: A narrow outlook limited to one's immediate community.
    • Hard Power: Economic and military weapons
    • Soft Power: Cultural and social influence
    • Etnoscape: The global movement of people
    • Mediascape: The flow of culture
    • Technoscape: The circulation of mechanical goods and software
    • Ideoscape: The realm where political ideas move around

    International Organizations

    • IMF (International Monetary Fund): The global lender of last resort to prevent individual countries from spiraling into credit crisis.
    • World Bank: An international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
    • United Nations: An intergovernmental organization tasked with maintaining international peace and security, developing friendly relations among nations, and promoting international cooperation in solving economic, social, cultural, and humanitarian problems.

    Globalization and its Impacts

    • Globalization affects consumption habits.
    • Globalization is a complex phenomenon.
    • States become independent and sovereign because of nationalist sentiment.
    • The nation of Scotland has its own flag and national culture but belongs to the state called the United Kingdom.

    Key Facts

    • The UN has five active organs.
    • Carlos P. Romulo was once the head of the United Nations.
    • The Security Council is the most powerful organ of the UN, composed of 15 member states.
    • The Silk Road was an international network of pathways in the ancient world that spanned from China to the Middle East and Europe.
    • Globalization is a complex phenomenon that occurs at multiple levels.
    • The expansion of one's ethical horizons is the core of being a global citizen.
    • Globalization can teach you about yourself.
    • Studying the outside world is a cure for parochialism.
    • BPO means business process outsourcing.
    • States sign treaties and form organizations.

    Globalization and its Importance

    • You need to study the world because you will be interacting with it.
    • The media and the internet are windows to the globalized world.
    • Globalization is not always a positive process.

    The Importance of International Relations

    • Globalization is a complex subject that requires careful study.
    • The world is interconnected and what happens in one part of the world can affect other parts.
    • It is important to understand globalization so that we can better understand the world around us.

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    Description

    Explore the multifaceted dimensions of globalization including its economic aspects, the role of multinational companies, and the classification of countries into core, semi-periphery, and periphery. Understand the complexities and differences in how globalization affects various regions and industries such as extractive industries. This quiz will deepen your understanding of global interconnectedness and its implications.

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