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 (C)</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 (D)</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 (A)</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 (A)</p> Signup and view all the answers

What is a characteristic of periphery nations?

<p>Having abundant natural resources and fertile soil (C)</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 (B)</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 (C)</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 (A)</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 (D)</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 (C)</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 (A)</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 (C)</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. (D)</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 (A)</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. (B)</p> Signup and view all the answers

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

<p>6% (A)</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 (D)</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. (B)</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 (B)</p> Signup and view all the answers

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

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

Who is the professor associated with world-system theory?

<p>Immanuel Wallerstein (C)</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 (B)</p> Signup and view all the answers

What is a limitation of the cultural imperialism thesis?

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

What is an example of a successful local media industry?

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

What is a characteristic of locally produced media content?

<p>It is finely attuned to local culture (D)</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 (C)</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 (B)</p> Signup and view all the answers

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