Structures of Globalization

Which of the following statements is true about the effects of globalization?

• Globalization has influenced the standard of life and personal satisfaction of people and families throughout the world

• Globalization creates a more level playing field between nations and businesses

• Globalization promotes interconnection among diverse national economies

• All of the choices

When businesses want to manufacture their products at a cheaper rate, they employ the services from developing countries which is possible in countries such as China and Cambodia, where manufacturing costs and wages are lower than highly developed countries. This business practice is called:

• Freelancing

• Outsourcing

• Local employment

• Networking

Which of the following statements is not true about globalization?

• Globalization is a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology

• Globalization is a recent phenomenon which traces its origin in the Information Age and thrived because of the presence of social media and new technologies

• Globalization represents the global integration of international trade, investment, information technology and cultures

• Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner.

The term international Financial Institution typically refers to the International Monetary Fund, the World Bank and the United Nations:

• TRUE

• FALSE

Immanuel Wallerstein described high-income countries as the:

• CORE

• SEMI-PERIPHERY

• PERIPHERY

Which of the following statements is not true?

• The International Monetary Fund and World Bank are specialized agencies in the United Nation as a system

• All International Financial Institutions admit only sovereign countries as owner-members, but all are characterized by a broad country membership, including both borrowing developing countries and developed donor countries.

• Each IFI has its own independent legal and operational status, but because a considerable number of countries have membership in several IFIs, a high level of cooperation is maintained among them

• Membership in the regional development banks is limited to countries from the region.

Based on the Modern World System of Immanuel Wallerstein, which of the following statements is incorrect?

• The semi-periphery of the world economy is the manufacturing base of the planet

• High-income nations are considered "core" of the world economy, the periphery is economically dependent on the core.

• Poor countries lack industrial capacity that's why they need to import expensive goods from rich nations

• none of the choices

1. It is a term used to describe the changes in societies and world economy that result of cultural exchange.

• Globalization

• Liberalism

• Internationalization

• None of the choices

Which of the following is a driver of globalization?

• Trade barriers and controls on inflows of foreign direct investment

• Weak competition

• Technological advances.

• Economies of scale are being exploited to the maximum

Globalization represents an increasing integration of all the following except:

• Economics

• Culture 

• Communications

• Morals