Globalization and Economic Development Quiz

What is globalization according to Steger (2023)?

• The rise of Western capitalism

• A trade policy focused on export

• A social process that intensifies global interconnectedness

• An economic development strategy

What is 'glocalization'?

• A global solution to all problems

• Globalization without borders

• Adapting global products to local cultures

• A method of free trade

Which form of globalization emerged first historically?

• Organizations

• People

• Technology

• Ideas

Which era is considered the modern period of globalization?

• 10,000 BCE - 3500 BCE

• 1500 - 1750

• 1750 - 1980s

• 1980s to present

Who coined the term "Global Village"?

• Adam Smith

• Marshall McLuhan

• Karl Marx

• Joseph Stiglitz

Which of the following is a man-made barrier to globalization?

• Earthquakes

• Geography

• Nationalism

• Natural disasters

Which is a key feature of a multinational corporation (MNC)?

• It only exports products

• It has local branches within one country

• It operates production in multiple countries

• It operates under one national law

Which of the following is NOT a stakeholder in globalization?

• Governments

• International organizations

• Outer space agencies

• Multinational corporations

Which thinker criticized globalization by arguing that it creates a trade-off between democracy, nation-state, and economic integration?

• Joseph Stiglitz

• Dani Rodrik

• David Ricardo

• Gerard de Malynes

According to critics like Raul Prebisch and Hans Singer, globalization:

• Reduces inequality in trade

• Favors developing countries

• Reinforces unequal terms of trade

• Leads to self-sufficiency