Modern Economy and Trade Dynamics

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What was a key characteristic of the production of goods in the pre-modern world?

Most goods were produced locally within 100km. (correct)

Goods were primarily created using advanced technologies.

Most goods were produced in factories.

Foreign goods were widely available to all classes.

How did Henry Ford's approach to production evolve over time?

Production became decentralized to lower costs by accessing cheaper resources. (correct)

Production focused solely on luxury goods for the wealthy.

Production methods remained centralized to control costs.

Production shifted to a craftsman model where each worker made complete products.

What is the role of global communication in the modern economy?

It isolates markets to enhance local competition.

It restricts the flow of goods between nations.

It is necessary for managing the global division of labor. (correct)

It enables local production to flourish without outside influence.

Which statement best describes the availability of foreign goods in the modern world compared to the pre-modern world?

Foreign goods are now available to all economic classes. Signup and view all the answers

What impact do advanced communication technologies have on modern production?

They enable production to transcend national boundaries. Signup and view all the answers

In which century did the world transition from a multipolar trading system to a monopolar one dominated by empires?

15th Century Signup and view all the answers

What technological advancements contributed to the dominance of European empires over less technologically advanced regions?

Weapons and agricultural tools Signup and view all the answers

Which of the following raw materials was NOT mentioned as being sourced from the trade hub of Malacca?

Sugar Signup and view all the answers

Which regions were indicated as being interconnected but loosely coupled in the 13th century?

China, India, Italy, and Iraq Signup and view all the answers

What was the primary purpose of establishing plantations and mines in colonized regions like Malacca?

To export raw materials back to the colonizing countries Signup and view all the answers

What primarily drives the current form of cultural imperialism?

Economic power of the U.S. Signup and view all the answers

What is a significant concern for newly independent countries regarding U.S. cultural influence?

Perceived invasion through cultural dominance Signup and view all the answers

What initiative is proposed to address concerns about U.S. cultural dominance?

New World Information Order (NWICO) Signup and view all the answers

What clash arises from the promotion of NWICO?

Balanced representation vs. First Amendment rights Signup and view all the answers

Which mediums are primarily involved in spreading cultural imperialism?

Television programs, movies, and consumer products Signup and view all the answers

What is a primary characteristic of the method of 'Subtle Strategies' in colonial control?

Involvement of local elites in governance to reduce opposition. Signup and view all the answers

What does the term 'Divide and Conquer' imply in the context of colonial control?

Creating barriers to prevent cooperation among colonized groups. Signup and view all the answers

How did the London-centric Telegraph Network exemplify 'Electronic Imperialism'?

By routing all communications through London, limiting local connectivity. Signup and view all the answers

In which way did military force function as a mechanism of control in colonial systems?

As the primary method of governance and law enforcement. Signup and view all the answers

What role did educating the native elite play in colonial governance?

It facilitated the adoption of European ideologies among local elites. Signup and view all the answers

What is a key benefit of transborder data flows for global business operations?

It allows for integrated command and control. Signup and view all the answers

How do transborder data flows influence economic dependencies between countries?

They create lasting dependencies through structural relationships. Signup and view all the answers

What is an example of an emerging trend in the global media industry?

The expansion of Nollywood in Nigeria. Signup and view all the answers

What irony is associated with globalization exemplified by companies like Levi's?

Cost efficiencies may harm long-term business sustainability. Signup and view all the answers

Which technology factor enables global content distribution?

A variety of streaming platforms like Netflix. Signup and view all the answers

How does globalization primarily affect communication technologies?

It enhances interconnections between economies. Signup and view all the answers

What negative aspect does globalization reinforce?

Inequalities and dependencies. Signup and view all the answers

Which of the following reflects a modern consequence of globalization?

Patterns resembling modern imperialism. Signup and view all the answers

What opportunities do new media and emerging economies present within the context of globalization?

They challenge dominant global narratives. Signup and view all the answers

Which statement best summarizes the dual nature of globalization?

Globalization fosters cooperation yet perpetuates inequalities. Signup and view all the answers