30 Questions
What is a primary aspect of globalization?
The growth of international trade and ideas
What has been the result of globalization since the 1980s?
An increase in the number of people living in or affected by free-market economies
What is an example of a transnational NGO?
Oxfam
What is the approximate percentage of the world population living in free-market economies in the 1970s?
20 percent
What is the approximate percentage of the world population living in free-market economies in the 1990s?
90 percent
What is the term used to describe the interaction and integration between people, companies, and governments worldwide?
Globalization
What motivates semi-periphery nations to seek to become core nations?
To increase their exports and limit their imports
What is a characteristic of periphery nations?
Having abundant natural resources and fertile soil
What is the role of semi-periphery nations in the world economy system?
To serve as a basis for production factories
What is the relationship between periphery nations and core nations in terms of trade?
Periphery nations export raw materials to core nations, which then sell them back as finished products
What is a consequence of imperialism and international market rules for periphery nations?
Control by other states and exploitation of their resources
What is the predicted outcome of the current world-system according to Immanuel Wallerstein?
The collapse of capitalism
What is the claim made by sceptics regarding the distribution of income in the global economy?
The 6 American residents in the global village have half the village's entire income
What is the trend cited by supporters of globalization regarding the movement of people?
There is an increase in the global mobility of people, with more refugees and migrant labour
What is the characteristic of the new type of global company emerging, according to supporters of globalization?
They do business around the globe, with research and product development in many different sites and shareholders from all over the world
What is the main argument of the supporters of globalization?
It fosters global consciousness through communication networks.
What is the counterargument made by sceptics regarding the management of multinational corporations?
Most internationally operating companies largely retain national management and local research and development sites
What do sceptics of globalization argue regarding communication flows and networks?
There is a significant disparity in access to these flows and networks.
What is the percentage of Americans in the global village, according to the sceptics' argument?
6%
What is the claim made by sceptics regarding the mobility of refugees and labour?
Most refugees stay in their own region and most labour is not mobile
What is the primary argument of world-system theory?
The world can be understood as a single, integrated economic system.
Where did the modern world-system originate, according to Immanuel Wallerstein?
16th century Western Europe and the Americas
What is the title of the theory developed by Immanuel Wallerstein?
World-System Theory
Who is the professor associated with world-system theory?
Immanuel Wallerstein
What is a key assumption of the cultural imperialism thesis?
A passive audience, failing to take into account multiple interpretative strategies
What is a limitation of the cultural imperialism thesis?
It underestimates the role of local media
What is an example of a successful local media industry?
The Korean film industry
What is a characteristic of locally produced media content?
It is finely attuned to local culture
What is a consequence of globalization on local media?
Local media has had to compete with global media conglomerates
What is a trend observed in the Korean film industry?
The share of Korean audiences watching Korean-made films has more than doubled
Test your knowledge on the concept of globalization, including its definition, processes, and impact on the world. Learn about the internationalization of finance and trade, development of international organizations, and more.
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