GE 107

Which of the following is NOT a component of economic globalization?

• Markets

• Corporations

• Religion

• Technology

What is detraditionalization in the context of cultural globalization?

• Reinforcing traditional beliefs

• Questioning traditional beliefs about religion, marriage, and gender roles

• Eliminating all cultural traditions

• 1. Imposing Western traditions on other cultures

It is the process by which ideas, knowledge, and goods spread around the world.

• World Bank

• cultural

• World Trade Organization

• 1. Globalization

1. What is a primary feature of political globalization?

• 1. Increased isolationism

• 1. Decreased international cooperation

• 1. Formation of international organizations

• 1. Elimination of national borders

1. Which of the following best describes market integration in the global economy?

• 1. Prices of goods following similar patterns across different locations

• 1. Merging of all global stock markets

• 1. Standardization of all currencies

• 1. Elimination of all trade barriers

Why is making global governance work considered a challenge of our time, according to the text?

• Because international leaders always agree on solutions.

• Due to the lack of concerted action to address transnational problems.

•   Because transnational problems have been solved.

• Due to an excess of global cooperation.

1. Explain how economic globalization has impacted international trade and labor markets.

Differentiate the Global Finance and Global Investment

It encompasses activities that transcend national boundaries at the international, transnational, and regional levels and is based on rights and rules that are enforced through a combination of economic and moral incentives.

It is the whole system of human interactions. The modern world-system is structured politically as an interstate system - a system of competing and allying states.