GE7 PREFINAL EXAM

What does the term "Global South" refer to?

• Wealthy countries in Europe

• Economically disadvantaged nation-states

• Politically powerful regions

• High-tech nations

The phrase "Third World" originated during which historical period?

• World War II

• Cold War

• Post-Colonial Era

• Industrial Revolution

Which is a characteristic commonly associated with "Third World" countries?

• Advanced technology

• High levels of education

• Poor infrastructure

• Economic stability

What is a major aim of the IMF's economic prescriptions for Global South countries?

• Promoting socialism

• Dismantling state oversight

• Supporting regional sovereignty

• Enhancing environmental policies

Which concept is described as the decentralization of political power from a higher level to a lower level?

• Globalization

• Urbanization

• Regionalism

• Modernization

What does the term "Open Regionalism" mean?

• Limiting economic integration

• Ensuring economic flows are discriminatory

• Cooperation with external actors

• Creating isolationist policies

Which region has been described as a "laboratory of modernity"?

• Europe

• North America

• Asia Pacific and South Asia

• Africa

What is an example of cultural globalization mentioned in the document?

• The rise of K-pop

• European Renaissance

• Ancient Egyptian writing systems

• Western literature

Which country was central to the first wave of regional economic development in East Asia?

• China

• Japan

• South Korea

• Vietnam

What type of strategy did India pursue to open its economy?

• Import substitution

• Export-oriented strategy

• Closed market policy

• Protectionism