IB Globalization 1

The IB considers globalization to be;

• "Globalization is the growing interdependence of countries worldwide

• widespread diffusion of technolog

• increasing volume and variety of cross-border transactions in goods and services

• international capital flows,

• growth of transport and the internet

What does the KOF Index measure?

• social, environmental and political dimensions of globalisation.

• economic, social and political dimensions of globalisation.

• economic and political dimensions of globalisation.

• economic, social, environmental and political dimensions of globalisation.

"In the big scheme of things, the new grand chessboard isn't Western capitalism versus Soviet communism; it's the West versus the East and China is in the pole position. Slap China with trade tariffs, they dump Treasury bonds and send interest rates higher for American corporations. Play hardball with China on disputed islands in the South China Sea and you need every old Asian Tiger plus Japan on your team, countries one-and-all that are more dependent on China for growth than they are on the U.S. In this topsy turvey world, the United States has the military and the money. China has the money...and the military. Barring gunfire, we all know you follow the money"

What does the paragraph tell you about superpowers?

• USA's growing prominence as a global superpower

• China's declining prominence as a global superpower

• China's growing prominence as a global superpower

• USAs declining prominence as a global superpower

Which countries are in the G8?

• Russia, Australia, UK, France, Italy, USA, Japan, Canada, Germany

• UK, France, Italy, USA, Japan, Canada, Germany, Russia, China

• UK, France, Italy, USA, Japan, Canada, Germany, Russia,

• UK, France, Australia, USA, Japan, Canada, Germany, Russia,

What is the primary function of the word Bank.

• lending money for large scale construction projects like dams

• Lending money to countries

• supporting LIC governments

• Reducing world poverty.

What is the IMF?

• The finance arm of OPEC

• The finance arm of the UN

• The finance arm of the World Bank

• The finance arm of the OEDC

In order from most to least globalised countries in 2017 according to the KOF Index, which is correct?

• Netherlands, Sweden, New Zealand, Peru, Mexico

• Netherlands, Sweden, New Zealand, Mexico, Peru

• Sweden, Netherlands, New Zealand, Peru, Mexico

• New Zealand, Netherlands, Sweden, Peru, Mexico

What is OPEC?

• Organization of the Petroleum Exporting Countries

• Ensures the stabilization of oil markets

• 14 member countries accounting for an estimated 44 percent of global oil production

• Accounting for over 8o percent of the world's "proven" oil reserve

What is the New Development Bank ?

• A bank established by Brazil, Russia, India, China and South Africa

• A bank shall supporting public and private projects through loans, guarantees, equity participation and other financial instruments.

• A bank that loans only to BRICS countries

• A multilateral development bank established by the BRICS states

Who are the main players in the International drainage Basin Management of the River Nile and what is the name of the dam involved in their conflict.

• Ethiopia, Sudan, Uganda and the Grand Renaissance Dam

• Ethiopia, Sudan, Egypt and the Grand Renaissance Dam

• Ethiopia, Egypt, Uganda and the Grand Renaissance Dam

• Egypt, Sudan, Uganda and the Grand Renaissance Dam