Midterm exam part 1 (1-40)

Globalization is not new, it is as old as humanity.

The compression of the world refers to the compression of time and
technology.

The economy is the major catalyst and the most affected area of
globalization.

The main feature or highlight of archaic globalization is trading.

Climate change, financial crisis and terrorism are policy issues in
globalization that do not care about national borders and can solve by the
United Nations alone.

During the modern era of globalization Great Britain became a global
military super power because of their superior manufacturing technology
and improve communications system.

Anti-globalization is a major part of globalization.

Non-governmental organizations (NGO’s) and multinational corporation
(MNCs) are new global actors in globalization.

Proto-globalization is characterized by trade links as well as cultural
exchange.

There are three major types of globalization namely political, economic and
cultural.

A traditional historian view globalization as a modern phenomenon.

Globalization is both a threat and an opportunity for industrialized
countries.

Western culture especially popular culture became dominant and destroy
cultural diversity.

The price of communication system like telephone calls and the cost for
transportation of products like the freight charges both increased in the
globalized market.

United Nations, European Union and the Group of 20 (G-20) are border
group countries.

Interstate system and global governance are aspects of economic
globalization.

Ronald Robinson define globalization as ‘the compression of the world and
the intensification of the consciousness of the world as a whole.’

Archaic globalization flourished during the earliest civilization.

Greenpeace and Amnesty International are non-state actors are able to exert
influence in politics related to their field of work.

Globalization presents both new opportunities and new challenges.

Protectionist policies place specific restrictions on international trade for the
benefit of a domestic economy.

Free Trade allows the lowest-priced goods to enter the marketplace.

The World Bank focuses on the functioning of the international monetary
system.

Vertical market integration refers to the acquisition of a similar company in
the same industry.

Some huge multinational corporations are conglomerates as a result of
merging and acquisition.

Market integration occurs when several different types of business
operations that may or may not be related mixes together as one.

The creation of the World Bank and the IMF came at the end of the First
World War.

International trade means no restriction in importing and exporting of goods
and services.

Subsidy is a form of trade restriction wherein the government gives grants of
money to domestic producers to encourage exports.

Low consumer prices in the market result to decrease in consumer's
purchasing power.

Global governance is becoming more inclusive giving a voice to all nations
and communities

Philippines is one of the founding members of the United Nations.

The Secretary General is the chief administrative officer of the United
Nations and head of the UN General Assembly.

The United Nations is neither a supra-State nor a government of
governments.

The UN Security Council is composed of 15 members.

Non-Governmental Organizations (NGOs) are non-state actors.

The Security Council’s resolutions are carried out by the UN peace keeping
force.

The ‘veto power’ can be exercised by the 5 permanent members of the
Security Council.

The UN Secretariat carries out the substantive and administrative work of
the United Nations.

The United Nations is an example of a global IGO.