Globalization: The Good, the Bad, and the Ugly
Before you begin, you will want to complete the Quick Review Questions for Chapter 5. These activities are designed to ensure that you have a solid understanding of the key concepts. You can access the Quick Review Questions through the Multimedia Library link in the left-hand navigation menu, in your online classroom.
Globalization continues to impact the international environment in a variety of ways to include social, political, technological, and cultural influences. Overall, has globalization had a positive or negative impact on most states? Provide specific examples to support your overall argument and utilize the course readings along with the Chapter 5 Videos from the Multimedia Library and News Review.
Your initial post should be at least 250 words in length. Support your claims with examples from the required material(s) and/or other scholarly resources, and properly cite any references
CHAPTER REVIEW 1. What is the critical dynamic of globalization? a. The expansion of the capitalist world economy b. The expansion of the world labor movement c. The expansion of communication technologies d. The expansion of international banking 2. The field of international political economy tries to explain what? a. The intersection between domestic and international economies b. The intersection between national and international governments c. The intersection between politics and economics either domestically or globally d. The intersection between economics and human behavior on the international stage 3. The term internationalization refers to what? a. The increase of international identities in a globalized world b. The decrease of sovereign states within the international system c. The increase of international labor movement between societies d. The increase of trade, commerce, investment, and other interactions between states 4. Economic structuralists agree with which of the following statements? a. Laissez-faire policies are the most productive. b. All politics can be reduced to economics when viewing international relations. c. Economic issues can occupy extremely high places on international agendas. d. Economic issues are to be considered “low” politics. 5. Measurements of state-to-state economic or commercial activities will ______________ as globalization continues. a. increase in importance b. retain their importance c. be replaced by new measures d. tend to lose their significance 6. Feudal political economy concentrated what resources and methods of production in small communities? a. Agriculture b. Manufacturing c. Shipping d. Steel works 7. In the European feudal period, markets began to develop outside the walls of a. banks. b. government buildings. c. castles or estates. d. prisons. 8. Money plays what two important roles in markets? a. Provides a standard of value for buying and selling and acts as a store of value b. Provides wealth and barterability between commodities c. Provides a store of value and easily convertible commodity prices d. Provides a standard of value for buying and selling and acts as a wealth distributor 9. David Ricardo argued what about international trade? a. Decreased government interference would have the same positive effects in international trade as in domestic trade. b. Increasing government interference would create the same positive effects in international trade as in domestic trade. c. International trade should be conducted between friendly states in order to be successful. d. War makes international trade unproductive. 10. What is a decisive factor in determining the degree of privatization in a particular state? a. The amount of capital b. The amount of labor c. The underlying cultural values d. The underlying norms of capital construction 11. Competitive devaluation refers to the process of a. states devaluing their currency in order to secure price advantages for domestic producers. b. states competing with other states to devalue their currency more quickly to receive cheaper imports. c. creating a global compact against currency devaluations. d. states devaluing their currency in order to secure price advantages for foreign exporters. 12. GATT negotiation rounds were primarily designed to reduce a. competitive devaluations. b. tariffs. c. export quotas. d. currency controls. 13. The WTO is distinct from most other international organizations for what reason? a. All countries of the world are members regardless of political orientation. b. It has a dispute resolution mechanism. c. Decisions are reached by consensus. d. No country has a veto power. 14. The main purpose of the IMF is to a. foster development in developing countries b. maintain international liquidity. c. act as a capital investment regime. d. maintain international price stability. 15. The primary purpose of the World Bank is to a. act a lender of last resort for states. b. maintain international liquidity. c. act as a provider of capital invested for development. d. be the bank of international travelers. 16. Regional trading blocs pose what risk to the international trade effort? a. They can become mutually exclusive trading camps. b. States will not participate in the WTO. c. They can become mutually inclusive trading camps. d. States will begin to go to war more often. 17. According to the UNDP data, high-development countries have a per-capita income ______________ times higher than low-income countries. a. 5 b. 10 c. 20 d. more than 50 18. Rapid in-migration of labor to cities has had what effect on Third World governments? a. Overloaded their service delivery capacities b. Provided a usable labor force c. Caused riots to break out d. Improved the infrastructure in cities 19. What may become more important as a factor affecting further economic globalization? a. Differences in domestic political systems b. Differences in political parties c. Differences in the ways domestic economies are structured and operate d. Differences in preferential trading arrangements 20. The continuation of the North-South capital divide will have what effect on further globalization of the world economy? a. Speed up the process of expanding it b. Be a challenge in the process of expanding it c. Have no effect on expanding it further d. Stop further expansion of it due to actions taken by states (Kauppi 181) Kauppi, Paul R. Viotti and Mark V. International Relations and World Politics,
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