Exam 15: Globalization: the Interconnected World

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Whose thinking influences neoliberalism?

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The distribution of wealth internationally is such that 0.7 percent of the population own what percentage of the wealth?

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You watch an economist being interviewed: she speaks passionately against government regulation of business and financial institutions,saying,"The markets will correct themselves." What type of economist would this person be?

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Dependency theorists and their supporters like to blame developing countries for their lack of progress.

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What spurred modern globalization?

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According to the text,the sale of the Inco Mine to Vale resulted in which of the following?

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Globality is most properly understood as a social process.

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What is Americanization and what does it have to do with the process of globalization?

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According to the text,globalization has meant that the power of nation-states has been transferred "upward" and "downward." Which of the following is an example of the upward transfer?

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Financial institutions such the World Bank,the International Monetary Fund,the General Agreement on Tariffs and Trade,and the World Trade Organization were created to control the transfer of funds to nations that were wavering between joining the Soviet bloc and democratically led nations.

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What is the problem with structural adjustment programs? Be sure to explain what they are before your critique.

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France and Germany exert control over world trade and both have high levels of urbanization.As such,which term best describes these nations?

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What is the basis of neoliberal economic policies?

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Supporters of globalization suggest that the availability of communication technologies has increased the ways in which populations can experience and shape their world.Which of the following was NOT noted in the text as an aspect of the benefits of globalized communications during the Arab Spring in 2011?

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According to Wallerstein,which term refers to those nations that typically provide labour and raw material to heavily industrialized,technologically advanced nations?

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Modernization theory holds that undeveloped countries must follow the road travelled by successful Western democratic societies.

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

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The text argues that the negative consequences of globalization are not restricted to economic and cultural effects.Discuss some of these other kinds of consequences.

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A local Saskatoon restaurant serves a fusion cuisine which combines flavours and cooking styles from Canada and France.What is the restaurant an example of?

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Modernization theory assumes that all nations industrialize in the same manner.

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