Globalization and Its Impact Quiz
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Questions and Answers

What is a core characteristic of globalization?

  • Rejection of capitalism
  • Increased localism
  • Isolation of cultures
  • Deterritorialization (correct)

Which theory emphasizes globalization as essential to capitalism?

  • World Polity Theory
  • Cultural Relativism
  • Structural Functionalism
  • World System Theory (correct)

Who primarily focuses on the global cultural and environmental components of world society?

  • Sociologists
  • Proponents of World Polity Theory (correct)
  • Political Scientists
  • Economists

What process involves transferring an enterprise from the public to the private sector?

<p>Privatization (A)</p> Signup and view all the answers

What do sociologists believe about globalization?

<p>It is an ongoing process involving changes in cultural and social spheres (D)</p> Signup and view all the answers

What type of treaties involve more than two countries?

<p>Plurilateral Treaties (C)</p> Signup and view all the answers

Which organization is known for its economic integration among member countries?

<p>European Union (D)</p> Signup and view all the answers

What does the acronym NATO stand for?

<p>North Atlantic Treaty Organization (D)</p> Signup and view all the answers

Which treaty is significant for political cooperation in the European Union?

<p>Treaty of Lisbon (B)</p> Signup and view all the answers

What best represents the highest form of economic integration?

<p>Unified Economic Market (A)</p> Signup and view all the answers

What does globalization refer to in the context of international relations?

<p>Increased interconnectedness and interdependence among countries (A)</p> Signup and view all the answers

What is the role of the World Trade Organization (WTO)?

<p>To foster international trade and resolve trade disputes (D)</p> Signup and view all the answers

What is economic cooperation aimed at achieving?

<p>Increasing economic interdependence among countries (D)</p> Signup and view all the answers

Flashcards

Globalization

The process by which more people across large distances become connected.

World System Theory

A perspective that globalization is essential to the expansion of the capitalist system around the globe.

Privatization

The process of transferring an enterprise from public to private sector.

Bourgeoisie

Owners of production in the capitalist system.

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Proletariat

Workers in the capitalist system.

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Plurilateral Treaties

A treaty involving more than two countries, representing a significant step in international cooperation.

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Economic Integration

The process of deepening economic connections between countries, leading to increased trade, investment, and shared policies.

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Highest Form of Economic Integration

The highest form of economic integration, often characterized by a unified market and shared economic policies, like the European Union.

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EU (European Union)

A political and economic union of 26 European countries, representing a significant example of regional integration.

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NATO

North Atlantic Treaty Organisation, a military alliance of North American and European countries, emphasizing collective defense principles.

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WTO (World Trade Organization)

An international organization regulating global trade, aiming to ensure fair and open trade practices between member nations.

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Monetary Policy

Policies related to controlling the money supply, often implemented by central banks or economic organizations.

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Currency Exchange

The process of exchanging one currency for another, influenced by various economic factors like supply and demand.

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