Accordingto Manfred Steger's definition, what is globalization?

The story of Gio (a Filipino) and Latif (a Malaysian) meeting in Australia illustrates that globalization is an "everyday" experience. Which of the following is NOT an example of globalization from their story?

The story contrasts Gio's positive experience with negative ones, such as women from developing countries being recruited as "mail-order brides." What concept does this illustrate?

1.    Which term refers to the creation of new social networks and the multiplication ofexisting connections that cut across traditional boundaries?

1.    The 2012 flooding in Thailand that halted production for Honda-USA because of a heavy reliance on imported parts is a prime example of what attribute of globalization?

1.    What is the key difference between globalization and globalism?

Anthropologist Arjun Appadurai argues that to understand globalization, one must consider the different "scapes" or dimensions of integration. Which "scape" refers to the global circulation of money?

The spread of political ideas such as human rights and democracy around the world is an example of which of Appadurai's "scapes"?

What is the primary argument of Appadurai's concept of "scapes"?

The feeling that the world has become a smaller place and that distance has collapsed from thousands of miles to a "mouse-click away" relates to which aspect of globalization?

According to the International Monetary Fund (IMF), "economic globalization" isa historical process primarily characterized by _________.

According to historians Dennis O. Flynn and Arturo Giraldez, when did the age of globalization truly begin?

 The galleon trade was part of which economic system, characterized by high tariffs, colonization, and a goal for countries to export more than they import?

 The first more open trade system, established in 1867, created a common basis for currency prices and a fixed exchange rate system based on what?

What was the major reason for the abandonment of the gold standard during World War I?

What was the economic ideology that challenged the Bretton Woods system's Keynesian approach, arguing that government intervention in the economy distorts the market?

The set of neoliberal policies forwarded by the US Treasury Department, the World Bank, the IMF, and eventually the WTO came to be known as __________.

A key policy pushed by advocates of the Washington Consensus, particularly in developing countries, was the privatization of government-controlled services like water and power. What was the rationale for this?

1.    The application of "shock therapy" in post-communist Russia, as advocated by the Washington Consensus, resulted in _________.

The Global Financial Crisis of 2007-2008 can be traced back to the 1980s in the United States with what major policy shift?

What financial instruments were at the heart of the 2007-2008 crisis, which involved bundling high-risk home loans?

 The term for high-risk mortgages given to people who were unlikely to be able to pay them back is _________.

The collapse of which major investment bank in September 2008 reached a tipping point in the global financial crisis?

The financial crisis spread globally because many foreign governments, corporations, and individuals had invested in US financial instruments. The crisis in which country was used as an example of this global ripple effect?

The WTO-led reduction of trade barriers is also known as _________.

In recent decades, how has the share of global exports shifted between developed and developing nations?

Japan's refusal to allow rice imports and the United States' fierce protection of its sugar industry are examples of what practice?

The term "race to the bottom" refers to ________.

According to Walden Bello, what was a significant economic outcome for the Philippines after joining the GATT?

The conclusion of Lesson 2 emphasizes that while international economic integration is a central tenet of globalization, it is __________.

An economic system where countries (mainly monarchies) imposed high tariffs and colonized territories to boost their income was called __________.

The economic crisis of the 1970s, which Keynesian economics could not explain, was characterized by a decline in economic growth and employment (stagnation)alongside a sharp increase in prices (inflation). This phenomenon is called__________.

Which two economists are mentioned as pioneering the new form of economic thinking, neoliberalism, that challenged the Keynesian orthodoxy?

What organization was founded in 1995 to continue the tariff reduction under the GATT?

The argument that "globalization is good/bad" is difficult to answer because the discussion must begin with what two premises?

An "ethnoscape" refers to the global movement of people. Which of the following is an example of this?

A "mediascape" is about the flow of culture. What is an example of this from the text?

The oldest known international trade route, which spanned from China to the Middle East and Europe, was the __________.

Why was the Silk Road not considered "truly global"?

Economic historian Barry Eichengreen argues that the recovery from the Great Depression began when ___________.

Today's world economy largely operates on what are called fiat currencies. This means their value is __________.

What major event finally ended the Bretton Woods system in the early 1970s?

Margaret Thatcher and Ronald Reagan justified their neoliberal policies of reducing government spending by comparing national economies to ___________.

Why is the analogy of a national economy to a household considered flawed?

The text suggests that the course "The Contemporary World" is relevant for Filipino students for all the following reasons EXCEPT ___________.

What does the term "transnational corporations" (TNCs) refer to?

According to the text, a major effect of trade liberalization has been __________.

1.    The story of Gio moving to Singapore and finding the same Malaysian food he ate in Sydney illustrates ____________.

Governments that welcome foreign investments because they provide jobs and capital are making a decision based on what belief?

The final conclusion of Lesson 1 states that the lessons in the book will treat each particular kind of globalization (e.g., economic, cultural) as _________.