Q2-SOGlob

What term refers to the framework and processes that enable and define the interconnectedness and interdependence of countries across the globe?

• Structures of Globalization

• Structures of Globalism

• Structures of Regionalism

What term refers to the interconnected system of economic activities and relationships among countries worldwide.

• Globalism

• Globalization

• Global Economy

• Global Interstate System

Which best illustrates a transnational corporation (TNC)?

• A company that produces and sells goods only within its own country.

• A business that operates in multiple countries, managing production and distribution on a global scale.

• A small enterprise that depends on local suppliers and serves only a domestic market.

• A government-owned company that provides services exclusively to its citizens.

Which best illustrates the Global Interstate System?

• A single world government that controls all nations and enforces global laws.

• A system of political and diplomatic relations among sovereign states, guided by international law and agreements.

• A group of private companies cooperating to expand their markets internationally.

• A regional organization focusing only on trade and ignoring political or security issues.

Which is a disadvantage of the global economy?

• Job creation through foreign investments

• Access to new technology from TNCs

• Environmental damage from factory operations

• 5. Improved infrastructure funded by foreign companies

What is meant by sovereignty in the Global Interstate System?

• Countries having supreme authority over their own territory and governance

• A shared power between international organizations and countries

• A state’s ability to freely invade neighboring territories

• Economic power controlling political decisions

Which of the following defines Market Integration?

• A government banning imports to protect local producers

• Trade limited to one regional economic bloc without foreign involvement

• A system where countries trade only within their borders

• National and regional markets becoming interconnected by reducing trade barriers

Which concept describes the collaborative approach where multiple actors jointly handle shared concerns and tackle issues that cross national borders, without relying on a centralized government?

• Contemporary Global Governance

• Global Economy

• Global Interstate System

• Market Integration

What term refers to political and diplomatic relations between sovereign states and the international organizations they form, governing how countries interact and cooperate?

• Contemporary Global Governance

• Global Economy

• Global Interstate System

• Market Integration

Which feature of market integration refers to the harmonization of regulations and benchmarks across regions to simplify and promote trade?

• Removal of Trade Barriers

• Harmonization of Regulations

• Economic Blocs/Free Trade Areas

• Global Supply Chains