Globalization and Japanese Economic Growth (1990-2000)

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Questions and Answers

What significant shift did globalization bring to international markets between 1990 and 2000?

Diminished role of emerging markets

Integration of international markets with a surge in merchandise exports (correct)

Focus on local rather than global trade

Decrease in international capital flows

Which technological advancement had a major impact on businesses between 1990 and 2000?

Limitations on communication technologies

Decline in traditional computing power

Reduction in information technology investments

Widespread adoption of the internet (correct)

Which two countries are noted for their emergence as new economic powers during the 1990-2000 period?

China and India (correct)

Brazil and Russia

Japan and Germany

Mexico and Argentina

What was a primary goal of Japan's industrial policy for economic growth?

Fostering growth in sectors with high potential like steel and electronics Signup and view all the answers

What strategy did Japan employ to enhance its export competitiveness?

Maintaining a weak yen Signup and view all the answers

What concern is raised regarding the US's global influence?

Polarization and social unrest affecting governance Signup and view all the answers

What economic challenge does the US face that could impact its future stability?

High national debt and rising interest payments Signup and view all the answers

How has globalization altered the traditional economic landscape?

Increasing the globalization of product markets Signup and view all the answers

What is one reason why conflict is unlikely to disappear in the near future?

The persistence of military competition and geopolitical rivalry Signup and view all the answers

Which of the following exemplifies economic rivalry currently impacting international relations?

Trade wars and tariff battles between the US and China Signup and view all the answers

Which areas are highlighted as regions of potential conflict due to resource scarcity?

Africa, Arctic, and Middle East Signup and view all the answers

What type of conflict is increasingly shaping international relations in the 21st century?

Cyber conflict and economic warfare Signup and view all the answers

Which of the following factors contribute to the divide between democratic and authoritative states?

Force of information warfare and cyber conflicts Signup and view all the answers

Which statement best captures the essence of future conflicts mentioned in the content?

Conflicts can arise from non-state and transnational actors. Signup and view all the answers

What role do major rivalries like that between the US and China play in international relations?

They intensify military, economic, and ideological conflicts. Signup and view all the answers

What is one of the primary domestic factors contributing to conflicts within states?

Cultural diversity leading to internal conflicts Signup and view all the answers

Study Notes

Globalization (1990-2000)

Increased integration of international markets, specifically in global merchandise exports.
Sharply increased international capital flows.
Significant technological advancements in information and communication technology.
Widespread adoption of the internet and advanced computing power, revolutionizing business.
Emergence of new economic powers in Asia (China, India).
Shifts towards a more diverse global economy, reducing the traditional economic dominance of established nations.

Japanese Economic Growth Policies

Industrial Policy: Japanese government guided economic development through targeted industrial sectors (e.g., steel, automobiles, electronics), fostering growth in specific areas and achieving leadership in global manufacturing.
Export-Oriented Growth Strategy: Focused on high-quality, cost-effective goods for global markets, supported by maintaining a competitive currency (weak yen) and investment in advanced manufacturing and technology.

US Declining Power Concerns

Economic Struggles: High national debt and rising interest payments pose risks to financial stability and investment capacity.
Political Polarization: Increased political divisions and social unrest hamper the ability to implement effective policies.
Uncertainty and Concerns: Concerns over US capacity to maintain domestic unity and global influence have been raised.

Conflict and Competition (International Relations)

Persistence: Conflict is likely to persist in the international system due to competition among nations for power, resources, and influence.
Military Competition: Intense rivalry especially between the US and China over the Indo-Pacific region, along with tensions in Eastern Europe (e.g., Ukraine).
Cultural Clashes: Conflicts stem from differing political values and ideologies, including relations between democratic and authoritarian states (e.g., US vs. Russia/China).
Economic Rivalries: Emerging global powers (e.g., China, India) are intensifying competition for resources and markets through trade wars.

International Actors and Structures

Non-State and Transnational Actors: Terrorism, cybersecurity threats, organized crime, and environmental challenges are becoming increasingly important in international relations.
Nation-States: Continued importance of nation-states in establishing international norms and principles is highlighted.
Sovereignty (Westphalia): Concept of each state's authority over their own territory and domestic affairs continues to inform international relations.
International Governmental Organizations (IGOs) and NGOs: IGOs (e.g., UN, World Bank, WTO) and NGOs facilitate cooperation on global issues. Significance of Big Five nations (US, China, etc.).
Power Measurement: Strong economies, industrialization, powerful militaries, strong cultural and historical momentum all influence a state's power. Veto power exists within the UN Security Council

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Description

This quiz explores the key aspects of globalization from 1990 to 2000, focusing on the integration of international markets, technological advancements, and the rise of new economic powers. Additionally, it covers the unique Japanese economic growth policies, including industrial policy and export-oriented strategies. Test your knowledge on these significant economic trends and their impact on global markets.