13 Questions
Define Global Governance.
The sum of laws, norms, policies, and institutions that define, constitute, and mediate trans-border relations.
What is the main focus of Internationalism?
Cooperation between nations.
Explain the concept of Leapfrogging.
The idea that countries can skip to more efficient and cost-effective technologies not available in the past.
What is the significance of the Agricultural Revolution?
Increased productivity, permanent settlements, trade networks, and population growth.
Who were the Robber Barons?
19th-century industrialists known for their wealth and economic inequality.
Briefly describe the Industrial Revolution.
Brought new economic tools, mass production, and improved standards of living.
What is the movement of goods, capital, services, technology, and information worldwide known as?
Global Economy
What does Economic Globalization primarily focus on?
Globalization of production, finance, markets, technology, institutions, corporations, and labor
What is the policy of systematic government intervention in foreign trade to encourage domestic production called?
Protectionism
Which social institution has a significant impact on society, especially in the context of the economy?
Market Integration
What are the three sectors of the economy and their primary functions?
Primary sector (extracts raw materials), Secondary sector (transforms raw materials into manufactured goods), Tertiary sector (involves services rather than goods)
How is a Nation-State defined?
A community of persons permanently occupying a fixed territory, possessing an independent government organized for political ends
Who coined the term 'United Nations' and what does it refer to?
President Franklin Roosevelt, International organization addressing global issues
Test your knowledge on the structures of globalization, with a focus on the global economy. Identify key concepts such as global economy, economic globalization, and protectionism.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
