Exam (elaborations)
Globalization questions with correct answers
- Course
- NAFTA
- Institution
- Liberty University
Globalization questions with correct answers
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Globalization questions with correct answersGlobalization Correct Answer-the worldwide integration of government
policies, cultures, social movements, and financial markets through trade
and exchange of ideas
Colonialism Correct Answer-when a foreign power maintains political,
social, economic, and cultural domination over a people for an extended
period of time
Neocolonialism Correct Answer-continued dependance on more
industrialized nations for managerial and technical expertise by former
colonies
Liberalism vs Neoliberalism Correct Answer-Liberalism: Wealth of
nations
Neoliberalism: political commitment to respect and uphold "free market
enterprise"
-privatization, free movement of goods, maximize profit and efficiency
World Systems Theory Correct Answer-unequal economic + political
relationships over industrialized nations and global coorporations
dominate global economics (periphery, semi periphery, cone, goods >
resources <
Dependancy Theory Correct Answer-developing countries make
economic advancements, they remain weak and subservient to other
nations and corporations
, Modernization Theory Correct Answer-transition from traditional to
modern society
Socio cultural theories Correct Answer--cultural differentiation
(heterogeneity): lasting differences of cultures that are made more
apparent as a result of globalization
-cultural convergence (homogenization): there are lasting similarities
among cultures as a result of globalization
-cultural merging (hybridization)
McDonaldization Correct Answer-World is becoming increasingly
rational through means of: efficiency, predictability, calculability,
technology.Cheap, efficient, fast.
Negative effects of McDonaldization Correct Answer-This increasing
rationality is socially irrational we are not benefiting society we are
harming ourselves. Lack of emotion and face to face integration
"World is Flat or not?" Correct Answer-We have technology to know
what happened in China when we are in America, the global connections
and information is at our fingertips.
90% of phone calls, web traffic, and investment is local showing we still
are not a flat world and there are things that can only be experienced at a
local level
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