Reviewer Midterm - Globalization

REVIEWER MIDTERM PEOPLE The primary actors of globalization Liberalism It is a perspective in international relations where actors and institutions emphasize relationships, and...

REVIEWER MIDTERM PEOPLE The primary actors of globalization Liberalism It is a perspective in international relations where actors and institutions emphasize relationships, and negotiations INNOVATION It is a product of technological advancement that has rendered national borders irrelevant in the international system. SECOND PHASE phase when the League of Nations established GLOBAL GOVERNMENT It is a response to the actions of various stakeholders on finding out pressing global problems like climate change and issues on peace and security POLITICAL GLOBALIZATION Itrefers to intensification and increasing level of interrelations among nations in the world. MARKET ECONOMY It is when the economy is under the will and interest of the individuals Expansion and Stretching These are social operations and connections which is seen in the financial markets and trading operations around the globe Realism It is explained that the core idea of dominating the world through the employment of power FALSE ABOUT NATION STATE Strengthening military power is the priority of the first world countries as well as the SYSTEM developing and third world countries. Democracy A frontline of liberalism has been utilized as a sociopolitical apparatus in challenging political actors who act beyond their power and control David Ricardo LAW OF COMPARATIVE ADVANTAGE. Unfair Trade It is the conduct of trade by a business firm or government that violates and breaks the international trade agreements that are unjustifiable and discriminatory. Bipolar It happens if there are only two great powers dominating the distribution of power. Totalitarianism It is built on the idea that society and citizens have no right and freedom of expression. Jurisdiction Gap The lack of global governance in taking actions to problems affecting key sectors arises from the absence of authority. Individualism It is a political system that values the significance of individuals over collective goals. Mercantilism This period was the emerging eras of nation-states and the formation of more central governments NATO It was formed initially as a political association, and not a military alliance. PART IV ENUMERATION (Forces and Drivers of Globalization) Qualities and Characteristics of Globalization - Creation and Multiplication - Expansion and Stretching - Intensification and Acceleration - Consciousness and Awarenes