CONTEMPORARY WORLD

90% of the manufacturing industries are owned by and located in the South.

• True

• False

The “Third World” encompassed all industrialized, democratic countries, which were assumed to be allied with the United States in its struggle against the Soviet Union.

• True

• False

“Third World” was coined in 1952 by Alfred Sevey?

• True

• False

Which of the following are the impact of globalization?

• Flattens cultural differences

• Spreads secular, capitalist way of life

• Erodes local customs and beliefs

• Erodes culture and environment

________________________________ is the process of international integration arising from the interchange of world views, products, etc.

______________________________ is based on principles meant to correct the problems caused by capitalism.

Cold War was the biggest and deadliest war in history, involving more than 30 countries.

• True

• False

It is based on private ownership of the means of production and on individual economic freedom.

• Communism

• Capitalism

• Socialism

• Feudalism

_________________________________ is made up of African, Latin America, and developing Asia including the Middle East.

It is the process of dividing an area into smaller segments called regions.

• Division

• Regionalization

• Globalization

• Regionalism