Exam 15: Globalization: the Interconnected World

How does Wallerstein (world systems theory) refer to those nations that typically provide labour and raw material to heavily industrialized, technologically advanced nations?

Based upon the text discussion of foreign aid to low-income countries, which of the following statements is accurate?

According to the text, which corporate giant had revenues larger than the gross domestic products (GDPs) of several countries?

Joaquim works at a local factory assembling electronics for a North American technology manufacturing firm. He is a contract worker, which means that he works only when the firm has a specific production order to fill. Due to periodic layoffs his average daily wage is approximately US$1.15. According to the text, what is the term given to an average daily wage that falls below US$1.25?

Outline the four different dimensions of globalization, offering examples of each.

One of the factors contributing to underdevelopment in the world, including in most African countries, is those countries' historical colonization. Which development theory supports this notion?

Globalization is a contested issue as far as equitable access and accrual of benefits to all of the world's citizens. According to the text, what percentage of the world's wealth is owned by the poorest 20% of the world?

According to the text, global justice movements are formed in resistance to which of the following?

Pia is a 4-month-old child who was born to an impoverished family in the Global South. Her parents work when employment is available in their locality but their wages are so low that they are categorized as "working poor." Pia is subject to an uncertain future. According to the text, how many of the world's children die before their first birthday due to poverty and the lack of access to basic human necessities?

Dependency theory explains global inequality in terms of the historical exploitation of poor nations by richer nations.

According to the text, what is one of the major criticisms of the International Monetary Fund?

Bollywood releases more films per year than Hollywood and, therefore, has more cultural influence around the world.

Modernization theory draws upon assumptions from which theoretical approach?

According to the text, why are farmers in developing countries unable to compete with Canadian and American produce?

Modernization theorists believe that entrepreneurship and competitiveness are the values underlying capitalism and development.

According to Andre Gunder Frank and other critics of modernization, what effect did capitalism have on poorer countries?

How does globalization lead to social inequality?

The power of nation states has been transferred completely to regional trade bodies.

According to the text, which of the following terms is the social condition characterized by tight global economic, political cultural, and environmental interconnections and flows that make most of the current borders and boundaries irrelevant?

Tourism has influenced globalization.