Quiz 1

This is the only supranational organization in the world, and at present is composed of 27 countries, with the exit of UK
or Britain (BREXIT) last March 2020
European Union
This idea states that the increasing use of goods and services purchased in the market is a desirable goal. In addition,
a person's well-being and happiness depend on obtaining goods and material possessions
Consumerism
This idea describes the ideals of the fast-food business that dominate the American society and the rest of the globe
McDonaldization
During World War II, the Axis Powers composed of Germany, Italy and Japan
True
A dimension of globalization which refers to the improvement of technologies that assist the rise of Multi-national
Corporations (MNCs)
Technoscapes
The term "cultural heterogeneity" simply means cultural _______________
Differences
The term "Persia" before refers now to __________
Iran
A dimension of globalization which refers to the movement of all forms of global capital (i.e., human, financial, and
physical)
Finanscapes
This agreement of 44 allied nations in 1944 in New Hampshire (USA) established the International Monetary Fund
(IMF) and the World Bank (WB)
Bretton Woods Conference
This type of globalization is made possible through the emergence of powerful global media corporations that develop
new communication technologies which promote the Anglo-American value system
Cultural
Globalization as "globaloney" simply means that the concept is absurd (it has various meanings). Thus it is very difficult
to define
True
According to this group, globalization (international economy) is not really a global phenomenon, since it only centered
on Europe, Eastern Asia, and North America. They also emphasized that most of the economic activities are still
national in terms of origin and scope
Sceptics
During World War I, the Central Powers composed of USA, UK, France, Russia, Japan, and Italy
False
This is a form of capital which refers to the use of employees or workers to run business operations
Human
They believe that the term “globalization” is an example of a vague, complex, and ambiguous phenomenon, thus it is
hard to define
Rejectionists
During World War I, the Allies composed of Germany, Austria-Hungary, and Turkey
False
A dimension of globalization which refers to shifting populations due to influx of tourists, immigrants, refugees, and
exiles
Ethnoscapes
This is a form of capital which refers to the narrowness or wideness of an individual's network of relationship with other
people
Social
This is a form of capital which refers to the use of buildings, machines, tools, equipment, and the like
Physical
This is a form of capital which refers to the amount of money invested to start a particular business
Financial
This regional organization was established in Bangkok in 1967 and is now composed of 10 nation-states
ASEAN
The first multi-national corporation in the world was the Dutch East Asia Company founded in 1600
False
GOCCs are also known as state-owned and managed corporations
True
A dimension of globalization which refers to the principles advanced by states and social movements
Ideoscapes
According to the neo-Marxist proponents of World-Systems Theory, the modern capitalist economy today has been
global just a century ago
False
A dimension of globalization which refers to the use of electronic know-hows that produce and spread information
Mediascapes
This group entails that “globalization” has often been applied in a historically inaccurate manner. In addition, it argues
that our international economy in the late 1990s was even less incorporated than before the outbreak of World War I
Modifiers
The term "cultural homogeneity" simply means cultural _______________
Similarity
The ecological dilemmas that are connected with the consumerist culture include human-induced global climate change
and worldwide destruction of biodiversity
True
The command-type economic system is also synonymous to a communist economy
True
This concept refers to the collaboration of the global and local cultures characterized by cultural borrowing
Glocalization
During World War II, the Allied Nations composed of USA, UK, France, Russia, and China
True
“Hybridization” or “creolization” signifies the processes of cultural mixing that are observed and replicated in music, film,
fashion, language, and other types of social expression
True
This regional organization was established in 1994 by USA, Canada, and Mexico
North America Free Trade Agreement
The term"Approach" is also known as _______________
All of the Above (Model, Perscpective, Theory, View)