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32 Cards in this Set
- Front
- Back
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Steger's def. of globalization
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A multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social interdependencies
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Steger says Osama bin Laden is an example of ___, demonstrating the existence of globalization.
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hybridization
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Primary way to raise profits in the M-C-M equation
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Lower the cost of labor
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What does M-C-M stand for?
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money-commodity-more money
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Wallerstein says what about the capitalist system
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it gives priority to the endless accumulation of capital
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Steger says that globalization has existed for how long?
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It depends on how far we are willing to extend the chain of causation
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How does Stiglitz explain that "globalization has succeed in unifying people from around the world"?
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It has unified people against globalization
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Stiglitz: Which is not a concern for those discontented with globalization?
Rules benefit wealth countries Advances material values over other values Does not "do" anything Has eliminated sovereignty of developing countries |
"Globalization does not 'do' anything" is not one of Stiglitz five concerns.
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Stiglitz: WB and IMF do what to developing countries?
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The debt from these loans suffocate the countries.
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Stiglitz: IMF and WB act unilaterally for?
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The USA and Europe
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What is Steger's def. of the economic dimension of globalization?
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Economic globalization refers to the intensification and stretching of economic interrelations across the globe.
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Who was John Maynard Keynes?
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An influential economist
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(T or F)Did Bretton Woods result in the: Globalization was implemented as a world system
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False
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(T or F)Did Bretton Woods result in the: International Bank/WB created
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True
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(T or F)Did Bretton Woods result in the: IMF was created
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True
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(T or F)Did Bretton Woods result in the: Each county's currency set to fixed gold value of US dollar
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True
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(T or F)Neoliberalism is associated with: nationalized health care
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False
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(T or F)Neoliberalism is associated with: free market
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True
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(T or F)Neoliberalism is associated with: Laissez-faire economic policies
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True
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(T or F)Neoliberalism is associated with: Free trade
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True
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Steger: IMF and WB affect borrowing countries through struct. adj. programs how?
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enforce neoliberal concepts in borrowing countries
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(T or F)Wellerstein agrgues that the free market is a myth that functions only as an ideology?
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True
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Korzeniewicz: what is the most important aspect of global commodity chain?
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Creating a market for the commodity
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Import substitution was made possible by ___ to make it too expensive to import domestic good.
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Tariffs
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Steger: political dimension of globalization?
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The intensification of political interrelations across the globe
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(T or F)Outcome of Treaty of Westphalia: creation of League of Nations
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False
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(T or F)Outcome of Treaty of Westphalia: sovereignty of the state
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True
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(T or F)Outcome of Treaty of Westphalia: laws are handled by the state
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True
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(T or F)Outcome of Treaty of Westphalia: all states equal before the law
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True
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What was the immediate problem created by the struct. of the UN, making it unable to solve international security issues?
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UN security council was created with 5 permanent members with veto power.
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What does Rodrrik think is the greatest risk for states failing to recognize the tensions that exist between the global market and social stability?
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They will result in the solidifying of a new set of class divisions
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Annan argues "The Role of the State in the Age of Globalization" is?
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the sovereign state is the linchpin of human security
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