Exam 11: The Global Economy

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The Triangle Trade that emerged in the 1500s resulted in an unprecedented level of economic, social, and military activity between Europe, Africa, and the Americas. The expansion of sugar cane plantations in South America and the Caribbean proved unsustainable due to a shortage of what essential commodity?

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D

The concept of flexible accumulation describes an overall strategy of multinational corporations to increase profitability. What is one of the keys to the success of this strategy?

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Where and when did the Triangle Trade network occur? What were the principal commodities traded in this exchange network. Describe how commodities and people were circulated through this trade network and some of the consequences for the societies involved in the trade.

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The text identifies sugar, slaves, fur, coffee, tea, cocoa, European manufactured goods, and later cotton. In addition to these, Fig 11.1, which illustrates the Triangle Trade routes, adds: rum, molasses, tobacco, fish, rice, grain, gold, linens, horses as the items exchanged in this trade network. However, students must mention sugar, slaves, and European manufactured goods are the principle commodities of the network. The Triangle Trade network occurred between Europe, the Americas, and Africa in the sixteenth to the eighteenth centuries. Slaves produced sugarcane on Caribbean plantations and sugar cane products were exported to Europe. Initially a luxury item in Europe, it became a diet staple, in part because it was used to sweeten other key commodities produced in the colonies such as coffee, tea, and chocolate. Students should explain that millions of slaves were imported from Africa to the Caribbean and South America to work on plantations owned by the Spanish and Portuguese. Slaves were later transported from Africa and the Caribbean to work on plantations in the southern part of North America, to supply cotton for the British textile industry. Europe, and Britain in particular, supplied manufactured products to the captive markets of its colonies. The fur trade in the northern part of the continent exchanged initially with Native Americans, then later penetrated farther into the interior, seeking out furs that were exported to Europe and made into coats for elites. As a result, Native Americans were involved in wars with and between Europeans and, like the indigenous populations of South America and the Caribbean, were decimated by diseases. Additionally, students might add, Native American communities were displaced, and many African communities felt consequences of depopulation.

Critics of modernization suggest that underdevelopment is the result of neo-colonialism, and that poor countries today remain underdeveloped because the global economic system is structured to extract and transfer what to developed nations?

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Are the core and periphery geographically isolated from one another? Give an example of how a peripheral area can exist within a core nation and a second example of how a core area can exist within a periphery nation. How does the author account for this phenomenon?

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The surviving members of a family were forced to leave their home country when their city was bombed. They were left homeless and were afraid of being killed. This is an example of a:

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Describe the "foraging" adaptive strategy (i.e. the means of obtaining resources, settlement patterns, and division of labor.) When did humans first use this adaptive strategy? How many humans rely on it today? Where are the primary locations where it is practiced today?

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The position that the free market and free trade rather than the state are the main mechanisms for ensuring economic growth is associated with which theorist?

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In the past several decades, many companies have made effective use of flexible accumulation-the strategy used by transnational corporations to maximize profits. What is one of the reasons that a company like Walmart has grown in both size and profit?

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Currently, the world is consuming natural resources at double the rate required to maintain sustainable levels. What problem does this illustrate about the sustainability of the current global economy?

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Wallerstein's world systems theory divides the nations of the world into:

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Describe the Old World long-distance trade routes that were precursors to the contemporary global economy. Provide two examples of the commodities exchanged by Arab and Chinese traders. How did these products move from Asia to Europe?

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What major event set the stage for the success of national independence movements?

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Which of these are requirements faced by governments receiving structural adjustment loans under neoliberal economic policies?

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Market exchange is characterized by:

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Periphery countries serve primarily as sources of:

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The process of "closing a deal" in business often has both parties trying to get the best deal they can. What kind of reciprocity would an anthropologist call this?

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A man from rural El Salvador came to the U.S. in search of work in the construction industry. He is an example of a:

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Are structural adjustment loans as provided by organizations such as the World Bank consistent with the goals of neoliberalism?

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How does the author describe the Chinese immigrants who enter the United States through New York as restaurant workers?

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