OAS COMMUNITY COLLEGE

Name:
Class & Section:
MIDTERM EXAMINATION
Subject : Contemporary World Date:
1st Semester S.Y 2021-2022 Score:

I. Identify the following concept. Write the correct answer on the space after each number.

Characteristic of globalization that involves creation of new and multiplication of

1. existing social networks and cultural activities thus, breaking the traditional norms
and practices in the political, economic, and cultural realms of most communities.
Nature of globalization that stands for liberating the import- export activity and
2.
securing a free flow of goods and services across borders.
refers to the sharing of ideas and information between and through different
3.
countries
the transmission of ideas, meanings, and values around the world in such a way as
4.
to extend and intensify social relations
refers to the increasing interdependence of world economies as a result of
5. growing scale of cross-border trade of commodities and services, flow of
international capital and wide and rapid spread of technologies
6. is the fusing of many markets into one
refers to the expansion and intensification of social relations and consciousness
7.
across world-time a and world-space
a large corporation incorporated in one country which produces or sells goods or
services in various countries and their worldwide activities are centrally controlled
8.
by the parent companies.

A type of market integration that is a competitive strategy in which two companies

9.
of the same nature merge or one larger company acquires a smaller company
It provides international facilities for conciliation and arbitration of investment
10. disputes.

II. List down or enumerate what are asked for each of the following.
11-17. State the 7 natures of globalization.
18-20. List the three major areas of globalization based from academic literature.
21-25. Give the Core principles in guiding the reforms of global governance and global rules
26-29. Give the four (4) theories of a state.

III. Essay.
30-35. Why do you think money separates us when it bonds us?
36-40. Write your reflection regarding Bretton Woods Agreement and System.

41-45. What is the World Bank and what are its purpose?

Prepared by: Mary R. Gamboa

OAS COMMUNITY COLLEGE
Name:
Class & Section:
MIDTERM EXAMINATION
Subject : Contemporary World Date:
1st Semester S.Y 2021-2022 Score:

Prepared by: Mary R. Gamboa