Module 1: Globalization Structures and World Economics

What is economic globalization?

Trade liberalization

Which event marked the beginning of the gold standard?

The age of mercantilism

What is the Bretton Woods system?

What is world bank

The concept of Neoliberalism is most closely associated with:

Mortgage crisis Signup and view all the answers

Which organization oversees international trade and trade rules among countries?

WTO Signup and view all the answers

What does the term 'Race to the bottom' refer to in the context of globalization?

Exports competition Signup and view all the answers

What is the historical process representing the result of human innovation and technological progress as defined by IMF?

Economic globalization Signup and view all the answers

What is characterized by the increasing integration of economies around the world through the movement of goods, services, and capital across borders?

Economic globalization Signup and view all the answers

Which concept relates to the belief in free-market capitalism, deregulation, and open trade, often associated with Hayek and Friedman?

Neoliberalism Signup and view all the answers

What was the network of pathways in the ancient international trade route known as?

International Trading System: Silk Road Signup and view all the answers

What policy was evident in the belief in neoliberalism?

Washington Consensus Signup and view all the answers

What represents the setbacks of neoliberalism?

Financialization Signup and view all the answers

During which period was the Bretton Woods Monetary System explained in one minute?

Mid-1940s to early 1970s Signup and view all the answers

What happened during the 2008-2009 Financial crises?

$1 trillion stimulus package was introduced Signup and view all the answers

How is economic globalization defined?

'A historical process representing human innovation and technological progress' Signup and view all the answers

'The contemporary world' is a publication by which company?

'C & E Publishing, Inc.' Signup and view all the answers

What is the Washington Consensus?

An outline of economic policy reforms to promote neoliberalism Signup and view all the answers

What is the significance of the Gold Standard in the history of global economics?

It linked currencies to a specific amount of gold, affecting international trade and finance Signup and view all the answers

What is the role of the International Monetary Fund (IMF) in the context of economic globalization?

To provide financial assistance and promote stability in the global monetary system Signup and view all the answers

What is the concept of 'race to the bottom' in the context of globalization?

Competition among countries to lower labor and environmental standards to attract investment Signup and view all the answers

How did the Great Depression impact global market integration in the 20th century?

It sparked protectionist policies and hindered international trade and economic integration Signup and view all the answers

What is the purpose of the World Trade Organization (WTO) in the context of economic globalization?

To oversee and regulate international trade agreements, resolve disputes, and promote free trade Signup and view all the answers

What was one of the solutions introduced by Hayek and Friedman?

Monetarism Signup and view all the answers

In which policy is the belief in neoliberalism evident?

Laissez-faire capitalism Signup and view all the answers

What are the setbacks of neoliberalism?

Income equality and wealth redistribution Signup and view all the answers

What happened during the 2008-2009 Financial crises?

Global recession and financial instability Signup and view all the answers

What is economic globalization characterized by?

Increasing integration of economies through movement of goods, services, and capital Signup and view all the answers

What represents a historical process resulting from human innovation and technological progress?

Economic globalization Signup and view all the answers

'The Contemporary World' is a publication by which company?

C & E Publishing, Inc. Signup and view all the answers

Which organization oversees international trade and trade rules among countries?

World Trade Organization (WTO) Signup and view all the answers

'The Bretton Woods Monetary System' was explained in one minute by which channel?

One Minute Economics Signup and view all the answers

What was the oldest known 'international trade route'?

The Silk Road Signup and view all the answers

Module 1: Globalization Structures and World Economics

Questions and Answers

What is economic globalization?

Which event marked the beginning of the gold standard?

What is the Bretton Woods system?

The concept of Neoliberalism is most closely associated with:

Which organization oversees international trade and trade rules among countries?

What does the term 'Race to the bottom' refer to in the context of globalization?

What is the historical process representing the result of human innovation and technological progress as defined by IMF?

What is characterized by the increasing integration of economies around the world through the movement of goods, services, and capital across borders?

Which concept relates to the belief in free-market capitalism, deregulation, and open trade, often associated with Hayek and Friedman?

What was the network of pathways in the ancient international trade route known as?

What policy was evident in the belief in neoliberalism?

What represents the setbacks of neoliberalism?

During which period was the Bretton Woods Monetary System explained in one minute?

What happened during the 2008-2009 Financial crises?

How is economic globalization defined?

'The contemporary world' is a publication by which company?

What is the Washington Consensus?

What is the significance of the Gold Standard in the history of global economics?

What is the role of the International Monetary Fund (IMF) in the context of economic globalization?

What is the concept of 'race to the bottom' in the context of globalization?

How did the Great Depression impact global market integration in the 20th century?

What is the purpose of the World Trade Organization (WTO) in the context of economic globalization?

What was one of the solutions introduced by Hayek and Friedman?

In which policy is the belief in neoliberalism evident?

What are the setbacks of neoliberalism?

What happened during the 2008-2009 Financial crises?

What is economic globalization characterized by?

What represents a historical process resulting from human innovation and technological progress?

'The Contemporary World' is a publication by which company?

Which organization oversees international trade and trade rules among countries?

'The Bretton Woods Monetary System' was explained in one minute by which channel?

What was the oldest known 'international trade route'?

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