 What is the difference between imports
– economic
and exports? – Imports are brought
into a country and exports leave a
country
 What is not a result of globalization? -
A lesser dependence on the global
economy
 What is not a feature of multi-national
corporations? – They originate from
developing countries
 What is trade alliance? - A group of
countries who join together to make it
easier to trade
 What is not a factor that attracts multi-
national corporations to a country. -
Unfriendly government policies
 Increasing interdependence of nations
and peoples across the globe. -
Globalization
 The exchange of goods and services
by sale or barter driven by the need
for resources. – Trade
 A policy in which a nation does not try
to limit imports or exports by enacting
tariffs (taxes on imports) or subsidies
(taxes on exports). – Free Trade
 Products meant to satisfy the wants
and needs of buyers - Goods
 A large company that has operations
in more than one country. –
Multinational Corporations
 The development of a worldwide
economy where resources flow fairly
freely across borders. – Globalization
 What are some negatives of
globalization - Workers are exploited
in sweatshops, Pollution and
deforestation, Low wages for factory
workers in Asia and Africa
 Investment by a person or company
based in another country is called –
Foreign Investment
 Globalization has brought economic
growth to many developing countries.
This has meant jobs for millions of
people. It has also increased
“_________ ___________” among
countries.
interdependence
 The way resources, power, or goods
are divided among people or groups –
distribution
  This International Organization help
the least developed countries by
stabilizing currency – International
Monetary Fund (IMF)
 This is cooperation between at least
two countries to reduce trade barriers
such as import quotas and tariffs in
order to increase trade of goods and
services with each other. – Free
Trade Agreement
 A poorer country with a less advanced
economy. In general, developing
countries are trying to increase their
industries and improve life for their
people. – Developing Nation
 The process of reducing barriers to
trade – Trade Liberalization
 An agency of the United Nations that
works with the World Bank to bring
stability to international monetary
affairs and to help expand world trade
– The IMF
 A system in which government does
not intervene (or intervenes only
minimally) in the production and
control of goods and services – Free
Market Economy
 A dimension of globalization that
refers to the expansion of trade
globally and the interdependence of
the economies of the world due to the
development of global trade networks
and transportation and communication
systems – Economic Globalization
 A tax imposed on imports to increase
their price and thus reduce
competition with domestic products –
Tariff
 Trade Liberalization requires the - a
reduction of barriers to trade
 The action of sending jobs to less
developed countries where wages are
lower is called: - outsourcing
 Globalization has led nations to join
trade organizations in order to – be
able to compete better
 International governmental
organisations are – key players in
global governance
 Transportation cost of trade affects:
pattern of trade, boundaries between
tradable and non-tradable goods,
Global supply chains
 Nations conduct international trade
because:  Resources are not equally
distributed among all trading nations.
 The reason why international trade
has strong effects on the distribution
of income is because: a) Resources
cannot move immediately or without
cost from one industry to another. And
Industries differ in the factors of
production they demand
 A vertical foreign direct investment
(FDI) is: a breaking up the production
chain and parts being transferred to
the affiliated and Mainly driven by
production cost differences between
countries.
 Which of the following is not a benefit
of international trade? – High wage
levels for all domestic workers
 Globalization and growing income
inequality between nations are
associated with: - insufficient levels of
free trade.
 Globalization is beneficial for firms
because: - It opens up new market
opportunities.
 Globalization can be challenging for
business because: - it can result in
more competition.
 What idea is best illustrated by the
example of McDonald's successfully
introducing the fast-food hamburger
and then that idea being adopted by
other firms such as Burger King and
Wendy's? – diffusion
 The modern view of technological
advance is that it is -  a result of
intense rivalry among individuals and
firms
 The method of raising funds for capital
investment that involves the greatest
risk to the firm is - borrowing by
selling bonds.
 .This form of economic integration
involves diminished trade barriers,
common external trade barriers and
free movement of the products - A
free trade area
  Which of the following is an
advantage of economic integration -
More efficient allocation of resources?
  The process of increasing unification
and interdependence of countries -
Economic integration
  The progress in communication
technologies allows interaction across
the world immediately and without
time constraints - The technologically
induced erosion of distance and time,
giving the appearance of a world that
is, in communication terms, shrinking.
 Which of the following do NOT
facilitate globalization? - Barriers to
trade and investment.
 Which of the following constitutes
Foreign Direct Investment? – a  UK
energy company buying territory
abroad where it expects to find oil
reserves.
 The internet facilitates globalization
by: Cutting the cost for firms of
communicating across borders.
  ____________ allows people to
travel, get information and
 communicate with each other over
long distances easily -  Modern
technology
 Share your personal experiences of
globalization
 Which of the following best describes
the Silk Road? - a network of trade
routes that extended across Asia
 The Silk Road was important because
- it linked Asian and western cultures
for more a thousand years
 Which of these is an example of an
idea spread by the Silk Road? –
Buddhism
 In ancient times, silk was a valuable
good for China to trade because - only
the Chinese knew how to make it.
 Silk is a fiber that comes from -
silkworm cocoons
 Which of the following Roman
products was most valued by the
Chinese? – glassware
 The Great Wall of China lay to the
north of part of the Eastern Silk Road.
How did the Great Wall affect
travelers on the Silk Road? - The
Great Wall gave protection against
bandits from the north.
 Two products the Romans exchanged
for Chinese silk were glassware and –
gold
 Which of the following is an accurate
statement about cultural diffusion? -
Cultural diffusion spreads ideas,
knowledge, and goods.
 What was the main reason why
traders crossed the desert traveling in
caravans? - to make it safer to travel
 What international institution was not
part of the Bretton Woods system at
its creation? - The United Nations.
 What was the US-led and -funded
plan for reconstructing postwar
Europe called? - The Marshall Plan.
 What organization promotes
development in medium- and low-
income countries with project loans,
structural adjustment programs, and
various advisory services? - World
Bank Group.
 The World Bank was originally the
International Bank of Reconstruction
and Development that was initially
tasked with which of the following? -
Facilitating private investment and
reconstruction.
 The GATT, IBRD, and IMF were the
three institutions of what post–World
War II system? - Bretton Woods.
 The Bretton Woods system was
largely influence by the ideas of
economist named: John Maynard
Keynes
 Which of the following resulted from
the Great Depression? - Increased
trade barriers and devalued
currencies.
 What is the main role of the IMF? - To
ensure a stable exchange rate regime
and provide emergency assistance to
countries facing crises in balance of
payments.
 What is meant by the 'Washington
Consensus'? - The ten-point guideline
to liberal economic reform for
development around the world.
 Which of the following is not a
purportedly beneficial outcome of the
globalization process? - The
redistribution of wealth, addressing
disparities in economic and resource
allocation across the globe through a
sense of greater 'interconnectedness'.
 Which of the following statements
best describes our understanding of
the term 'globalization'? - Best
described as intensification of
worldwide social relations and
increasing interdependence,
globalization is the result of the
compression of space and time
through the development of new
technologies.
 How have the World Bank and
International Monetary Fund, as
international financial institutions
(IFIs), affected the development of
poorer countries? - IFIs identified the
economic failings of developing
countries as being the result of
political problems. Thus, IFIs adopted
an approach that involved political
and economic restructuring of these
states, coercing governments into the
adoption of specific financial policies
designed to promote debt repayment
and economic development.
 Why do states undertake protectionist
measures? - To keep competitive
foreign goods from flooding the
market.
 Inaugurated in 1944 to prevent
catastrophies of the early decades -
Bretton Woods
 This dominated global economic
policies from 1980s until the early
2000s - Washington Consensus
 When economies slow down, this
strategy will reinvigorate markets with
infusions of capital. – Keynesianism
 Exchange rate system was all based
on the value of gold, but it was
replaced by a currency which is
determined by their cost relative to
other currencies. - Fiat currency
 Economic crises occur when money is
not being spend and therefore, not
moving. - John Maynard Keynes
 Why did Europeans want spices from
Asia? - Spices help preserve food and
mask flavors of spoiled food. Spices
were not grown in Europe, so they
had to be traded with Asian markets.
Spices were used in making medicine,
perfumes, and incenses
 European explorers were sent to the
New World for ______. - gold, land,
and to convert native people to
Christianity
 This Portuguese explorer's expedition
was the first to circumnavigate the
world. Who was he? - Ferdinand
Magellan
 Why did explorers come to America? -
They wanted to spread Christianity.
They wanted to gain new knowledge.
They wanted to expand and claim
land.
 Which of the following best completes
the diagram above? - Christianity was
introduced to the New World.
 Explorers could determine their
latitude while at sea by using the
stars. What device could accomplish
this? – astrolabe
 seventeenth-century economic theory
that held that the prosperity of a
nation depended on a large supply of
gold and silver – mercantilism
 The desire for spices and other trade
goods was a direct cause of -
European exploration and colonization
of the Americas, Africa, and Asia.
 Which of the following is the primary
reason that European rulers became
interested in trans-Atlantic exploration
beginning in the 15th century? - They
 were seeking an oversea trade route
to Asia.
 Which of the following played a key
role in the European Age of
Exploration that emerged in the 15th
and 16th centuries? - Advancements
in sea-faring technology. New lands
with the possibility for European
expansion. An interest in developing a
sea route to Asia for trade
 What is inflation? - A rise in the
general level of prices
 The difference between
representative money and fiat money
is that - representative money is
backed by silver or gold, ; fiat money
is not.
 Under floating exchange rate system,
exchange rate is determined by the: -
Supply and demand forces
 major advantage of a floating
exchange rate is - it allows economy
to adjust the balance of payments
 an exchange rate set by the
government is termed – fixed
 What happens when a nation’s
currency depreciates? - Its products
become cheaper to other nations and
exports may increases
 Which were the two institutions that
were instituted during the Bretton
Woods System era? - International
Monetary Fund and World Bank
 What is the source of fiat money’s
value? - government decree
 ________________________ money,
called “legal tender,” has value
because the government decreed that
is an acceptable means to pay debts.
– Fiat
 the concept of free trade means - the
removal of all trade barriers both
direct and indirect to facilitate more
efficient use of scarce resources
 Which of the following is the benefit of
privatization? - Improved efficiency,
Lack of political interference,
Increased competition
 Why is the Ancient Silk Road
significant in economic globalization?
- The Ancient Silk Road has a
significant role in economic
globalization as it paved the way for
the exchange of goods, services,
knowledge, cultures, and technology.
The exchange of goods between
Europe and Asia, the spread of the
silk production from China to the
western countries, the spread and
diffusion or various religions between
countries has aided economic
globalization it is today.
 Articulate your stand whether you are
in favor or not, regarding the plan of
China to revive the Ancient Silk Road
that involved the Silk Economic Road
and Maritime Silk Road which is
labeled as ‘One Road, One Belt” -The
project of reopening the Ancient Silk
Road by President Xi Jinping would
allow great exchange of goods and
services between countries thus
benefiting China the most. The OBOR
plan will open two trading routes to
Europe and strengthen China's
economy to 65 other countries. This is
a great opportunity for developing and
under developed countries to boost
their global trade. However, the rise of
the power of the China is a great
threat to smaller countries as they see
this as a geopolitical agenda,
probably the colonization of China
with other countries. This reopening
 would probably fuel the present
misunderstandings of developed
countries and may cause war among
them, now who would tend to lose in
this fight? It would be the developing
and underdeveloped countries. This
would cause them great economic
strains and would make the poorer as
they are now due to the setbacks from
the war that would arise. I do not think
it is beneficial for the Silk Road to be
reopened as it pose great danger for
poorer countries. Not only that, drug
trafficking and human trafficking would
also rise and as well as smuggled
goods and other illegal acts.
 Which type of globalization relates to
government organization – political
 A state is – an independent self-
governing political community whose
governing institutions have the
capability to make rules that are
binding on the population residing
within a particular territory
 The peace of Westphalia – refers to
the signing of treaties that marked the
end of the thirty years war,
established the concept of
sovereignty, clarified who should be
the single highest authority in each
territory of Europe,
 The federal system of government – is
a system of government where
sovereignty is shared between the
central and regional governments
 Political globalization suggest that the
state shares the global political stage
with many new actors
 State autonomy is challenged in the
post Westphalian order because it is
more interdependent world, national
governments are forced to engage in
extensive multilateral collaboration
and cooperation simply to achieve
domestic obejectievs
 The post westphalian is characterized
by A real dilemma: in return for more
effective public policy and meeting
their citizens' demands, whether in
relation to the drugs trade or
employment, their capacity for self-
governance - that is state autonomy -
is compromised.
 The loss of sovereignty for nation
states is often associated with
globalization by political scientists
 Political globalization is the process of
changes in the rules and structures of
global governance
 The Treaty of Westphalia is the move
to territorial sovereignty in Europe’s
 Which treaty ended the Napoleonic
War and pave the way for the
Congress of Vienna – Treaty of Paris
 Which leader below was responsible
for thr spreading of nationalism
throughout Europe when he
conquered the majority of Europe om
the early 1800s – Napoleon
Bonaparte
 Which of the following are motivation
for internationalism
 Self determination. Humanitarianism
and global citizenship, economic
stability
 Internationalism can also be linked to
ensuring economic stability within
nation-state for example NAFTA
seeks to break down barriers and
improve the economies of member
nation such as tariffs that restrict trade
 The doctrine that all members of the
global community accept collective
 responsibility for the challenge that
face the world – internationalism
 This was the meeting of the five
major nations of Europe called by
klemens von Metternich to restore
order after napoleon conquered
Europe – congress of vienna
 After the reign of napoleon what took
root in Europe – nationalism
 The resentment of foreign rule and the
desire to restore local costums are
characteristics of nationalism
 Forbade birth priveleges encouraged
freedom of religion and promoted
meritocracy in government service –
Napoleonic code
 He believed that any true form of
internationalism should be
deliberately reject nationalism – karl
marx
 The composition of the following
alliance of great powers are true
except : allied powers (US, Britain,
France, Russia, Germany)
 The following are attributes of world
politics except: meeting are not
facilitated among states
 The alliance of great powers (UK,
Austria, Russia, and Prussia) that
sought to restore world of monarchial
hereditary and world privileges –
concert of europe
 The strong desire of nations to
promote unity and cooperation –
internationalism
 He believed that any true form of
internationalism should deliberately
reject nationalism – Karl Marx
 The composition of the following
alliance of great powers are true
except: allied powers (US, birtain,
France, Russia, Germany)
 He proposed a world government to
promote internationalism – Immanuel
kant
 He believed that republican
government w/o kings and queens
and hereditary succession) and
proposed a free and independent
states as basis of international
cooperation – guseppi Mazzini
 He received the noble prize to
transform the league of nation as a
venue for conciliation and arbitration –
Woodrow Wilson
 He advocated the creation of
international law that could govern
inter-states relations – Jeremy
bentham
 He placed a premium on economic
equality in dividing the world into
classes – marx/engel
 The subject matter of international
relations covers – diplomacy between
sovereign stes, economic relations
between states, the behavior of
transnational corp
 What was the concert of Europe – a
seriesof 19th century diplomatic
conferences to resolve diplomatic
problems in europeencouraged the
socialist revolution across the world –
lenin
 A part of the power of international
organization that can invent and apply
categories that reates powerful global
standard – power of classification
 Which of the following concepts is
sued to describe individuals who
adopt a political identification that
does not focus on the nation states
 What is the United Nations Charter –
a treaty, according to international law
 When was the united nations created
– during world war 2
 How many countries signed the united
nations charter in 1945 – 50
 What does the principle of sovereign
equality states entail = that there are
no differences between UN member
states, that all UN member states
have equal rights and duties
 What is the number of permanent
members on the UN Security Council
–5
 What is the primary deliberative body
of UN – General Assembly
 Which of the following is not a role of
the united nations in international
politics – none. Peacepkeeping,
cultivating in alleviating powverty
hunger disease and illiteracy, provide
a forum to achieve the other goals
 For the UN General assembly to
make a decision on what it calls
important questions there must be – a
two-thirds majority
 Who is the current secretary general
of the UN – Ban KI Moon
 The headquarters of UN is located in
new York, new York – true
 Which un body carries out the day to
day work of the UN – Secretariat
 The 5 permanent members of the
security council – US, France, Russia,
China, Great Britain
 The total number of countries on the
security council – 15
 Why can the general assembly be
considered as the most important
body of UN – it is the largest body that
includes all nations of the world
 The 5 permanent members of the
security council have __ powers –
veto
 Put the following events in order: The
Treaty of Versailles, World War,
Founding of Un
 Laegue of Nations, World War 2, UN
 The 6 branches of the UN are the
security council, gen assembly,
trusteeship council, economic and
social council, secratriat and the
Internationaal court of justice
 What are the 4 main purposes of un –
keep peace, develop relations,
improve the life of the world’s poor,
provide a forum for nations
 Where is the international court of
united nations – hague, netherlands
 How many states are members of UN
- 193
 Which of the following is not one of
the 4 main purposes of the united
nations – improve lives of the middle
class
 Which administrative organ of UN will
settle in accordance with international
law, legal disputes, submitted by
states and give advisory opinions on
legal questions referred to it by
authorized UN organs and specialized
agencies – international court
 UN body where its headquarters is not
in new York – international court of
justice
 Due to the powers vested in its
CHARTER and its unique
international character the united
nations can take action on the issues
confronting humanity in the 21 st
century such as peace and security
climate change sustainable
development human rights
disarmament terrorism humanitarian
and health emergencies gender
 equality governance food production
and more
 The SECRETARIAT comprises the
secretary – general and tens of
thousands of internation un staff
members who carry out the day to day
work of the un as mandated by the
general assembly and the
organizations other principal organs
 The name United Nations coined by
the United States President Franklin D
Roosevelt was first used in the
declaration by the united nations on
January 1 1942 during the second
world war when representatives of 26
nations pledged their governments to
continue fighting together against the
axis power
 Six official languages of UN – Arabic
Chinese English French Russian and
Spanish
 Body of UN where all member nations
participate – General Assembly
 The primary function of the UN when
it was conceived was – peacekeeping
 The economic and social council is
the principal body for coordination
policy review, policy dialogue and
recommendation on economic social
and environmental issues as well as
implementation of internationally
agreed DEVELOPEMNT goals.
 The secretary general is chief
administative officer of the
organization appointed by the general
assembly on the recommendation of
the security council for Five-year
renewable term
 In 1945 representatives of 50
countries met in san Francisco at the
united nations conference on
international organization to draw up
the united nations charter
 Representative of 26 countries
fighting for the Rome berlin Tokyo
axis decide to affirm support by
signing the DECLARITION OF UN.
This important document pledged the
signatory government to the maximum
war effort and bound them against
making a separate peace
 DUMBARTON OAKS CONFERENCE
– Aug 21-Oct 7 1944 meeting was
held at a mansion in Georgetown
Washington dc where representative
of china the soviet union the united
states and the UK formulated
proposals for a world organization that
became the basis of the united nation
 The only purpose of the SAN
FRANCISCO CONFERENCE 1945
was the establishment of a charter for
the new organization from April 25 th to
June 26th to negotiate the details on
the establishment of the united
nations
 On august 14, 1941, Winston
Churchill Prime Minister of Britain and
Franklin Roosevelt met aboard on a
ship on the Atlantic Ocean and made
a joint promise to end war and ensure
the equality of nations and universal
peace – ATLANTIC CHARTER
 Which institution of UN is a parliament
of nations which meets to consider the
worlds most pressing problems – The
General Assembly
 In countries where there has been a
war the UN can spend in soldiers to
help prevent any more violence. What
do we call these soldiers –
Peacekeeping troops
 Which was sparked the idea of the
United Nations – World War 2
 What is the name of the document
which sets out the main aims of the
UN and the rights and obligations of
each member state – The United
Nations Charter
 On November 23, 2001
representatives of 30 countries met in
Budapest and signed the first ever
international treaty on criminal
offences committed in the internet –
Treaty on Cybercrime
 The general assembly in 2000
adopted a draft to the convention on
the right of the child under which state
parties agree to raise the age limit for
both compulsory recruitment and
participation in combat from 15 to 18
 UN Resolution 1973 – Effort to Nab
Terrorism
 Old Regionalism is government driven
while New regionalism is private
-sectors driven – True
 Regionalization is an integral part of
globalization – true
 _________________involved a 
variety of state and nonstate actors
involved in a process of
transformation of the world order –
new regionalism
 Which of the followings is NOT a
positive effect of regionalism? - The
possibility for each individual county
to lose their respective independence
and/or identity
 ______________describes global
disparities, primarily between
developed and developing countries,
in regards to access to computing and
information resources. - Global
Divides
 It provides a platform to discuss ways
to improve development and promote
trade and investment opportunities. -
ECONOMIC COOPERATION
ORGANIZATION(ECO)
 The following statements supports the
challenges of regionalism EXCEPT:
none, Resurgence of militant
nationalism and populism. Conflict
between sovereignty and regional
stability. Developed countries see
regionalism as a tool for political
democratization. developing countries
see regionalism as an obstacle to
economic globalization
 The following are countries belonging
to Global South EXCEPT –
AUSTRALIA
 What country used to be called “Land
of Million Elephants” – Laos
  Which if the following are the
characteristics of new regionalism - a.
It is an outgrowth of the process of
globalization b. It involves state and
nonstate actors (NGO's, IGOs, private
sectors and etc.)
ASEAN was established on – Aug 8,
1967
 The following are objectives of
ASEAN EXCEPT To form an
economic block against European
countries
 The following are the reasons why
there is a widening gap between
Global North and Global South
EXCEPt – abundance of aid
 In international relations, regionalism
is the expression of a common sense
of identity and purpose combined with
the creation and implementation of
institutions that express a particular
 identity and shape collective action
within a geographical region – TRUE
  Which of the following regions can
describe as the major oil-producing
countries in the world? – Middle East
 Regionalism can be tackled by the
government through the following
positive measures - Supporting
balanced growth without partiality.
Protecting rights, traditions, language,
culture and other beliefs of the
inhabitants of the region. Empowering
region by decentralizing
administration. Improve governance
and reduce friction between
establishments.
 The following are characteristics of
the GLOBAL NORTH EXCEPT – low
development of industrial
development
 What is correct motto of ASEAN? -
One Vision, One Identity, One
Community
 Regionalism arises due to - Collective
feeling of neglect. Economic
backwardness.Resources are limited
 What are the main characteristics of
regionalism - Strong local identity and
the search for more autonomy.
 These countries are characterized by
being less developed industrially,
lower human development index and
have health risks such as having low
access to safe water, as well as
sanitation and hygiene problems. –
DEVELOPING
 What are the main pillars of ASEAN? -
Political- Security Community,
Economic Community, and Socio-
Cultural Community.
  The following are the Fundamental
Principles of ASEAN EXCEPT -
Interference of sovereignty
 The following are initiatives of the
United Nations to lessen the gap
between rich countries EXCEPT
Ensuring environmental degradation
  Which of the following is not a
primary feature of a region -  The
concentration of economic flows
 How many countries belong to
ASEAN today? – 10
 The division during the Cold War in
terms of security and balance –
developed developing
 The following the characteristics of
the global south EXCEPT it has
political stability
 The Global North” mostly covers –
FIRST WORLD
 The founding members of ASEAN -
Indonesia, Malaysia, the Philippines,
Singapore, and Thailand.
 The following statements are true
EXCEPT
 Regionalism involves bringing
together people from what types of
backgrounds and societies? –
SIMILAR
 It provided a means for creating new
trade, investment and employment
opportunities, enhancing economic
security, and addressing broader
socioeconomic and environmental
issues. - REGIONAL ECONOMIC
COOPERATION
 What is ASEAN?-  Association of
South East Asian Nations
 It is the global division and predicated
upon economic inequality. - Global
North and Global South
 Which of the following is not a
strategy for new regionalism? -. They
cannot oppose the government
 ASEAN integration can be traced
back to the 1967
 Which country is not in Southeast
Asia? - Japan, China, Australia
  What is the primary/main objective of
the ASEAN? - To promote economic
cooperation and stability in South
East Asia
 What is referred to as a political
process characterized by economic
policy cooperation and coordination
among countries? - Regionalism
