GE6102 The Contemporary World Reviewer PDF

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GE6102 The Reviewer

Contemporary

World

1. Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital. Some sociologists, like William I. Robinson has argued that because a capitalist economy is premised on growth and expansion, a globalized economy is the inevitable result of ___Capitalism____.

allow peace to hold and flourish. What aspect of globalization deals with the establishment of UN in order to maintain international peace and security? Answer: Political

3. Which of the following statement below is true about the effects of emergence Global Economy in the world?

9. KFC was founded by Colonel Harland Sanders, an entrepreneur who began selling fried chicken from his roadside restaurant in Corbin, Kentucky during the Great Depression. Sanders identified the potential of the restaurant franchising concept, and the first "Kentucky Fried Chicken" franchise opened in Utah in 1952. By 1963, Sanders was fielding franchise requests without having to put in the legwork, and had more than 600 restaurants across the US and Canada selling Kentucky Fried Chicken. Years later, Kentucky Fried Chicken would establish its own restaurants around the world, and the rest is history. The success of KFC as a business is what attribute of global corporations?

Select one:

a. Value opportunity to expand

a.

10. Through the Eight Millennium Development Goals, United Nations (UN) has addressed the different problems around the world and ranking first is the eradication of the extreme poverty and hunger, under what circumstances bellow makes this problem different in all parts of the globe.

2. ___Product/Item Life Cycle___ is the timeframe over which a thing is created, passed on to exhibit, and over the long run removed from the world market.

Trade has become international

4. What is false about the difference between standard of life and quality of life in terms of Globalization? Answer: Standard of living pertains to the geographic area of an individual while Quality of life pertains to the level of the country he is living on. 5. The Contemporary World is a study of Current trends about Globalization. 6. Britain, France, Germany, Russia, Netherlands, Japan, and the United States colonized countries spread their empires. These nations have created global economic, political, cultural, and social connections around the world. The extending of a country's power and influence is called: Imperialism 7. 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 __Outsourcing__. 8. The United Nations came into being in 1945, following the devastation of the Second World War, with one central mission: the maintenance of international peace and security. The UN does this by working to prevent conflict; helping parties in conflict make peace; peacekeeping; and creating the conditions to

b. Standards of Life 11. It is prevailing factor that influence the European nations-states to compete with their economical level through navigation and finding raw materials. d. Mercantilism 12. Which of the following is not true about the history of global market integration? b. The high costs of and the risks associated with long voyages did not limit trade to a relatively small set of commodities of high value relative to their weight and bulk. 13. true?

Which of the following statements is not

a. Membership in the regional development banks is limited to countries from the region. 14. It is the prevailing factor that influence the European nations-states to compete with their economical level through navigation and finding raw materials. a. Mercantilism 15. With around 20,000 stores in 63 countries, Starbucks, the world's most popular

coffee house has made its mark from Brazil to China, where many thought it would fail to take off due to the cultural importance of tea drinking. The company has gone to great lengths to make sure that every Starbucks feels like a local coffee house, without losing brand consistency. For example, in China, a regional dislike for coffee was combatted with coffeefree drinks, whilst stores in Asia feature more adaptable seating arrangements to cater for larger groups. This effort is what attribute of a global corporation? d. Understand different cultures 16. The following are the roles of International Financial Institutions in the world. ECXEPT: c. Supports program of a country of quality education for all 17. It is an attribute of Global Corporations that is considered as the most essential characteristic of any international business. d. Think Globally 18. Among the historical event in the world, which of the following event has a great influence in facilitating economic globalization. c. Creating trade routes 19. It is an economic phenomenon that has discernibly political and social connotations and is intrinsically bound to western cultural imperialism. Globalization 20. In an outsourcing work, how did capitalist from the emerging countries benefits from the developing countries in many servicerelated positions? Expanding their business in other country have hidden expenses 21. 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. 22. Among the different conceptions about globalization, which pertains to the global spread and integration of ideas, values, norms, behaviors, and ways of life of a certain country to another. Globalization in Culture 23. Which of the following statement below is true about the effects of emergence Global Economy in the world. Trade has become international

24. This type of financing is provided by Multilateral Development Banks to member countries, with maturities of up to 20 years, based on market interest rates. The financial resources for these loans are obtained by borrowing on the international capital markets and re-lend to borrowing governments in developing countries: Long-term loans 25. K-pop is what aspect of globalization? Cultural 26. The Contemporary World is a study of: Current trends about Globalization 27. Which of the following examples refers to historical factor influencing economic globalization? Europeans traveled around the globe to barter crafts and furs in exchange for silks and perfumes in the Middle Ages 28. These institutions provide financial support and professional advice for economic and social development activities in developing countries and promote international economic cooperation and stability: International Financial Institutions 29. Economic globalization is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital. Some sociologists, like William I. Robinson has argued that because a capitalist economy is premised on growth and expansion, a globalized economy is the inevitable result of ________________. Capitalism 12. What is the timeframe over which a product is created, passed on to exhibit, and over the long run removed from the world market? Item life cycle 13. Britain, France, Germany, Russia, Netherlands, Japan, and the United States colonized countries and spread their empires. These nations have created global economic, political, cultural, and social connections around the world. The extending of a country's power and influence is called: Imperialism 14. The last colonized country in Africa that UN contributed to its independence in 1990. Namibia 15. Through the Eight Millennium Development Goals, United Nations (UN) has addressed the different problems around the world and ranking first is the eradication of the extreme poverty and hunger, under what...