What is Globalization?
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Questions and Answers

What is a primary aspect of globalization?

  • The development of national organizations
  • The growth of international trade and ideas (correct)
  • The reduction of international finance and trade
  • The decline of free-market economies

    • What has been the result of globalization since the 1980s?

  • A decrease in the number of people living in or affected by free-market economies
  • The elimination of free-market economies
  • An increase in the number of people living in or affected by free-market economies (correct)
  • No change in the number of people living in or affected by free-market economies

    • What is an example of a transnational NGO?

  • A national government
  • The World Bank
  • Oxfam (correct)
  • A local business

    • What is the approximate percentage of the world population living in free-market economies in the 1970s?

    <p>20 percent</p> Signup and view all the answers

    What is the approximate percentage of the world population living in free-market economies in the 1990s?

    <p>90 percent</p> Signup and view all the answers

    What is the term used to describe the interaction and integration between people, companies, and governments worldwide?

    <p>Globalization</p> Signup and view all the answers

    What motivates semi-periphery nations to seek to become core nations?

    <p>To increase their exports and limit their imports</p> Signup and view all the answers

    What is a characteristic of periphery nations?

    <p>Having abundant natural resources and fertile soil</p> Signup and view all the answers

    What is the role of semi-periphery nations in the world economy system?

    <p>To serve as a basis for production factories</p> Signup and view all the answers

    What is the relationship between periphery nations and core nations in terms of trade?

    <p>Periphery nations export raw materials to core nations, which then sell them back as finished products</p> Signup and view all the answers

    What is a consequence of imperialism and international market rules for periphery nations?

    <p>Control by other states and exploitation of their resources</p> Signup and view all the answers

    What is the predicted outcome of the current world-system according to Immanuel Wallerstein?

    <p>The collapse of capitalism</p> Signup and view all the answers

    What is the claim made by sceptics regarding the distribution of income in the global economy?

    <p>The 6 American residents in the global village have half the village's entire income</p> Signup and view all the answers

    What is the trend cited by supporters of globalization regarding the movement of people?

    <p>There is an increase in the global mobility of people, with more refugees and migrant labour</p> Signup and view all the answers

    What is the characteristic of the new type of global company emerging, according to supporters of globalization?

    <p>They do business around the globe, with research and product development in many different sites and shareholders from all over the world</p> Signup and view all the answers

    What is the main argument of the supporters of globalization?

    <p>It fosters global consciousness through communication networks.</p> Signup and view all the answers

    What is the counterargument made by sceptics regarding the management of multinational corporations?

    <p>Most internationally operating companies largely retain national management and local research and development sites</p> Signup and view all the answers

    What do sceptics of globalization argue regarding communication flows and networks?

    <p>There is a significant disparity in access to these flows and networks.</p> Signup and view all the answers

    What is the percentage of Americans in the global village, according to the sceptics' argument?

    <p>6%</p> Signup and view all the answers

    What is the claim made by sceptics regarding the mobility of refugees and labour?

    <p>Most refugees stay in their own region and most labour is not mobile</p> Signup and view all the answers

    What is the primary argument of world-system theory?

    <p>The world can be understood as a single, integrated economic system.</p> Signup and view all the answers

    Where did the modern world-system originate, according to Immanuel Wallerstein?

    <p>16th century Western Europe and the Americas</p> Signup and view all the answers

    What is the title of the theory developed by Immanuel Wallerstein?

    <p>World-System Theory</p> Signup and view all the answers

    Who is the professor associated with world-system theory?

    <p>Immanuel Wallerstein</p> Signup and view all the answers

    What is a key assumption of the cultural imperialism thesis?

    <p>A passive audience, failing to take into account multiple interpretative strategies</p> Signup and view all the answers

    What is a limitation of the cultural imperialism thesis?

    <p>It underestimates the role of local media</p> Signup and view all the answers

    What is an example of a successful local media industry?

    <p>The Korean film industry</p> Signup and view all the answers

    What is a characteristic of locally produced media content?

    <p>It is finely attuned to local culture</p> Signup and view all the answers

    What is a consequence of globalization on local media?

    <p>Local media has had to compete with global media conglomerates</p> Signup and view all the answers

    What is a trend observed in the Korean film industry?

    <p>The share of Korean audiences watching Korean-made films has more than doubled</p> Signup and view all the answers

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