Globalization and International Relations Quiz

What is the main argument of supporters of globalization?

• Globalization has resulted in a recession

• Globalization has led to a decrease in global trade

• Globalization has created a more open, tolerant, and peaceful world

• Globalization has caused an increase in geopolitical problems

When did the first wave of globalization begin?

• 1st century BC

• 20th century

• 18th century

• 15th century

What is protectionism?

• The economic policy of promoting free trade

• The economic policy of restricting imports to shield domestic industries

• The economic policy of reducing tariffs on imports

• The economic policy of encouraging foreign competition

What did President Donald Trump accuse China of?

• Unfair trading practices and intellectual property theft

• Excessive tariffs on American products

• Promoting free trade

• Encouraging foreign investment

What is the main concern regarding the rise of China's economic power?

• It will lead to a decrease in global trade

• It will contribute to the fragmentation of the global economy

• It will result in a more stable and equal world

• It will not have any impact on global trade

What is the main challenge in transitioning to a multipolar world?

• Ensuring that the U.S. remains the dominant economic power

• Organizing the transition in a way that is beneficial for everyone

• Preventing the rise of emerging market economies

• Agreeing on the distribution of global financial stability

What is the core mission of the IMF?

• To regulate global finance

• To encourage free trade agreements

• To guarantee global financial stability

• To promote protectionist trade policies

What does Kevin Gallagher believe is a big part of the problem when it comes to globalization?

• The dominance of the U.S. dollar

• The financial system feeding on itself

• The rise of protectionist trade policies

• The IMF's role in globalization

What is the first key area that needs to be corrected for the global economy to move forward?

• Regulating global finance

• Promoting free trade agreements

• Encouraging foreign investment

• Raising taxes and cutting spending

What is the second key area that needs to be corrected for the global economy to move forward?

• Encouraging foreign competition

• Raising interest rates and putting the country into a short-term recession

• Regulating global finance

• Ensuring that all the benefits accrue to a small amount of folks