Podcast
Questions and Answers
What term was popularized by Theodore Levitt in the 1980s?
What term was popularized by Theodore Levitt in the 1980s?
Which factor among the following is identified as a reason for globalization?
Which factor among the following is identified as a reason for globalization?
What was a key aspect of globalization identified by the IMF in the 2000s?
What was a key aspect of globalization identified by the IMF in the 2000s?
In which year was the concept of a 'borderless society' defined in relation to globalization?
In which year was the concept of a 'borderless society' defined in relation to globalization?
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Which of the following statements correctly describes the term 'globalization' as used in academic disciplines?
Which of the following statements correctly describes the term 'globalization' as used in academic disciplines?
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What role did the WTO play in globalization?
What role did the WTO play in globalization?
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Which of the following is NOT considered an intellectual property transaction as described in the content?
Which of the following is NOT considered an intellectual property transaction as described in the content?
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What is one consequence of globalization on domestic markets?
What is one consequence of globalization on domestic markets?
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What is the penalty for killing a child less than three days of age according to Article 255?
What is the penalty for killing a child less than three days of age according to Article 255?
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What constitutes intentional abortion as defined in Article 256?
What constitutes intentional abortion as defined in Article 256?
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What is the consequence for someone who challenges another to a duel according to Article 261?
What is the consequence for someone who challenges another to a duel according to Article 261?
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What is the penalty for unintentional abortion as stated in Article 257?
What is the penalty for unintentional abortion as stated in Article 257?
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If no physical injuries have been inflicted in a duel, what is the penalty for the participants?
If no physical injuries have been inflicted in a duel, what is the penalty for the participants?
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What may happen to the seconds in a duel if there are physical injuries involved?
What may happen to the seconds in a duel if there are physical injuries involved?
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What penalty is imposed for abortion committed by the pregnant person or their parents, as per Article 258?
What penalty is imposed for abortion committed by the pregnant person or their parents, as per Article 258?
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What is the expected penalty for someone who scoffs or decries another for refusing a duel challenge according to Article 261?
What is the expected penalty for someone who scoffs or decries another for refusing a duel challenge according to Article 261?
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What is the primary focus of world systems theory?
What is the primary focus of world systems theory?
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In the context of world systems theory, what do ‘core’ nations primarily do?
In the context of world systems theory, what do ‘core’ nations primarily do?
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What is the role of global governance in the context of international relations?
What is the role of global governance in the context of international relations?
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What can cause a crisis within a world system?
What can cause a crisis within a world system?
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Which of the following describes semi-periphery countries?
Which of the following describes semi-periphery countries?
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Which statement best reflects the division of labor in the context of world systems?
Which statement best reflects the division of labor in the context of world systems?
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What is one characteristic of the interactions encouraged by global governance?
What is one characteristic of the interactions encouraged by global governance?
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What indicates ongoing conflict and tension within a world system?
What indicates ongoing conflict and tension within a world system?
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What is one way a domestic company can enter a foreign market?
What is one way a domestic company can enter a foreign market?
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Which aspect is not considered a nature of globalization?
Which aspect is not considered a nature of globalization?
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What is a characteristic of a domestic company as it expands into foreign markets?
What is a characteristic of a domestic company as it expands into foreign markets?
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How does a company achieve a full insider position in a new market?
How does a company achieve a full insider position in a new market?
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What is a common challenge faced by companies moving into new overseas markets?
What is a common challenge faced by companies moving into new overseas markets?
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What is a major benefit of globalization as mentioned in the content?
What is a major benefit of globalization as mentioned in the content?
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Which of the following is NOT a demerit of globalization?
Which of the following is NOT a demerit of globalization?
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What does a gold standard refer to in economic terms?
What does a gold standard refer to in economic terms?
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What is implied by the statement that export jobs often pay more than other jobs?
What is implied by the statement that export jobs often pay more than other jobs?
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Which of the following is described as a key player in globalization?
Which of the following is described as a key player in globalization?
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Study Notes
Dueling
- Those who kill their opponent in a duel face temporary imprisonment.
- If physical injuries only, those involved will face penalties relative to the injury's nature.
- Arresto Mayor is the punishment if no physical injuries occur.
- Seconds to the duel will be punished as accomplices.
Abortion
- Killing a child less than three days old is considered Infanticide and carries a penalty of reclusion perpetua to death.
- Intentional abortion carries a penalty of reclusion temporal if violence is used or prision mayor if done without violence and the pregnant person didn't consent.
- If consent is given, the penalty is prision correccional for a medium to maximum period.
- Unintentional abortion carries a penalty of prision correccional for a minimum to medium period.
- If the pregnant person or their parents perform or consent to an abortion, the penalty is prision correccional for a medium to maximum period.
World Health Organization (WHO)
- The WHO is responsible for global research in medicine and vaccines.
Revised Penal Code Section Two
- Parricide is discussed in Article 246 of the Revised Penal Code, and the penalty is the same as for Infanticide.
Article 261 - Challenging to a Duel
- Challenging someone to a duel carries a penalty of prision correccional in its minimum period.
- Making fun of someone publicly for refusing a duel challenge also carries the same punishment.
World Systems Theory
- The theory posits that the world is divided into a core, periphery, and semi-periphery based on labor division.
- The core consists of high-income nations that exploit periphery nations for labor and raw materials.
- Semi-periphery nations have middle incomes and closer ties to the core.
- The theory highlights built-in conflict and tension within the system.
- Short-term and long-term objectives can lead to stress.
- Crises occur when contradictions escalate to the point of system dysfunction.
Global Governance
- Sometimes referred to as 'world governance'.
- The movement towards international cooperation through negotiations to address issues affecting multiple states or regions.
- Encourages collaboration between independent nation-states while ensuring sovereignty.
Globalization
- In 1970, 'globalization' was coined as a term.
- Theodore Levitt popularized the concept in the 1980s.
- The IMF identified four key aspects of globalization in the 2000s.
- In 2013, 'borderless society' was introduced as a definition of globalization.
- Globalization was used extensively in academia in 2017.
- In 2018, it became a term used across all disciplines.
Indicators
- Interdependence of countries in various social aspects.
- Advancement of science and technology.
- Issues that cross environmental boundaries.
- Economic, cultural and political globalization.
Nature of Globalization
- Characterized by multiple units in different parts of the world, linked by common ownership.
- These units share a common resource pool and respond to a common strategy.
Reasons for Globalization
- Rapid shrinking of time and distance across the globe.
- Decline of domestic markets due to various factors.
- Companies and institutions seeking political and economic stability.
- Acquisition of international technological and managerial expertise.
- Reducing high transportation costs.
- Proximity to raw materials and consumer markets.
- WTO establishment facilitating increased cross-border trade.
Stages of Globalization
- A domestic company expands overseas by linking with local dealers and distributors.
- The company takes over these activities independently.
- The company begins manufacturing, marketing, and sales in key foreign markets.
- The company establishes full operation in these markets, supported by a complete business system.
- The company adopts a genuinely global mode of operation.
Merits of Globalization
- An open economy driven by rapid innovation abroad.
- Export jobs often pay better than other jobs.
- Productivity increases when countries produce goods and services competitively.
Demerits of Globalization
- Exploitation of developing countries.
- Widening the gap between rich and poor.
- Negative effects on small businesses and industries.
The Mercantilist System
- A system of trade lasting from the 16th to 18th centuries.
- The core idea was maximizing exports and trade for national wealth and power.
- Countries sought to have a trade surplus, accumulating gold and silver.
Gold Standard
- A monetary system where the standard economic unit is based on a fixed amount of gold.
Key Players and Actors in Globalization
- International Organizations
- Intergovernmental
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Description
Explore the legal intricacies surrounding dueling and abortion, including penalties and accomplice liability. This quiz examines the consequences of various actions under the law, such as infanticide and consent in abortion cases. Test your knowledge of these critical legal issues.