Globalization 1

GATT stands for

• Global Association of Trading Treaties

• General Agreement on Tariffs and Trade

• Global Agreement on Trade and Treaties

• Global Association on Trade and Tariffs

The successor to GATT is

• the WTO

• the IMF

• the World Bank

• the UN

• All of the above

The IMF and the World Bank were created...

• in 1944 by 44 nations.

• in 1934 by 98 nations.

• in 1945 by 51 nations.

• in 1921 by 12 nations.

What is the current number of member states of the United Nations (as of August 2020)?

• 201

• 197

• 193

• 187

Drivers of globalization include all of the following except...

• declining trade barriers

• knowledge exchange

• technological changes

• international agreements such as the GNC

The approximate value of global foreign exchange transactions per day is approximately...

• 500 billion (USD)

• 1 trillion (USD)

• 5 trillion (USD)

• 12 trillion (USD)

The approximate value of goods and services traded globally every year (WTO 2018 report) is...

• 19 trillion (USD)

• 27 trillion (USD)

• 6 trillion (USD)

• 67 trillion (USD)

Proponents of increased global trade argue that

• the world is now economically borderless

• countries must be as self-sufficient as possible

• sovereignty is a key component of internationalism

• nationalist perspectives are a thing of the past

What was a key event in the trend towards free market policies?

• World War 1

• World War II

• Collapse of the U.S.S.R.

• The emergence of China as an economic superpower

Coca-cola, Facebook, Starbucks, and McDonald's may be cited as evidence of

• cultural imperialism

• westernization

• global pop culture

• all of the above