Globalization and World Regions GEC 103

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What is the primary focus of the concept of Global South?

Economic disparity between developing and developed countries

Which term was used to describe countries that did not belong to either First World or Second World economies?

Third World

What led to the replacement of the term 'Third World' with 'Global South' after the Cold War?

Movements for nationalism and independence

Which regions are included in the Global South according to the text?

<p>Africa, Latin America, and Asia including Middle East</p> Signup and view all the answers

What does Regionalization refer to?

<p>Undirected process of social and economic interaction within a specific region</p> Signup and view all the answers

Which countries are considered part of the Global North according to the text?

<p>Canada, France, Germany, Italy, Japan, United Kingdom, Russia, United States of America</p> Signup and view all the answers

What was the primary purpose for the formation of the North Atlantic Treaty Organization (NATO) during the Cold War?

<p>To counter the threat posed by the Soviet Union and the Warsaw Pact</p> Signup and view all the answers

The Organization of Petroleum Exporting Countries (OPEC) was established primarily for which of the following reasons?

<p>To regulate the production and sale of oil among member countries</p> Signup and view all the answers

Which of the following statements best describes the Non-Aligned Movement (NAM)?

<p>It was a regional bloc created to pursue world peace, human rights, and national sovereignty</p> Signup and view all the answers

What was one of the most serious challenges of regionalism?

<p>The refusal of NATO to dismantle after the collapse of the Soviet Union</p> Signup and view all the answers

Which of the following events is an example of the challenges posed by economic crises to regional blocs?

<p>Greece considering leaving the European Union to gain more economic flexibility</p> Signup and view all the answers

What was the primary reason cited for the United Kingdom's decision to leave the European Union, commonly known as 'Brexit'?

<p>Anti-immigrant sentiment and a populist campaign against Europe</p> Signup and view all the answers

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