Deck 16: Global Political Economy

Question 1

The Bretton Woods system was originally designed to prevent another Great Depression and advance the economic interests of the United States.

Answer 1

False

Question 2

The explosive growth in levels of global inequality has been driven primarily by a dramatic acceleration of wealth accumulation rather than a worsening of poverty.

Answer 2

True

Question 3

The 'realist' tradition of IPE focuses on the ability of institutions to foster trade on the open global market.

Answer 3

False

Question 4

Neo-Gramscians advance the core Marxist concern with the power structures that underpin capitalism, but also place more emphasis on the 'ideology' or sets of ideas that themselves form a part of the structure of the global political economy.

Question 5

Institutionalism is concerned first and foremost with patterns of cooperation among states, and how 'inter-national' dynamics of power, refracted through the creation of national and international institutions, shape outcomes in terms of collective action among states.

Question 6

What international institution was not part of the Bretton Woods system at its inception?

A) The International Monetary Fund (IMF)
B) The IBRD
C) The GATT
D) The United Nations

Question 7

Which of the following is not true of forced labour?

A) Forced labour occurs across a wide range of industries and sectors.
B) Forced labour can involve threatened or actual violence.
C) Forced labour is not a problem in 'rich' countries.
D) Forced labour often involves a lack of formal contracts and features employees who are indebted to their employers.

Question 8

All of the following are true of contemporary migration except...

A) Migration flows are centred on a 'south-north' movement from poorer to richer countries.
B) Migrants who are highly educated, paid, and mobile are 'winners' from globalization because their mobility allows them to create opportunities for themselves.
C) Migrants working in low-paid, low-skill parts of global production or in sectors supplying services to the more privileged, professional parts of society are vulnerable to exploitation.
D) Migrant workers often lack the power to engage in political action concerning wages and working conditions.

Question 9

The broadly adopted neoliberal approach that advocates the roll-back of the state, the deregulation of the economy, and the maintenance of fiscal discipline, came to be known as __________.

A) the Marshall Plan
B) the Washington Consensus
C) structural adjustment
D) deregulation

Question 10

The realist perspective on IPE is also known as the ______ perspective?

A) liberal
B) Marxist
C) nationalist
D) neo-realist

Question 11

IPE's rich thematic interests are generally considered to centre on the trio of…

A) Trade, production, and finance.
B) Consumption, production, and macroeconomic policies.
C) State regulation, international financial institutions, and trade.
D) Consumption, finance, and international regulatory institutions.

Question 12

The future of globalization might include…

A) The demise of the current neoliberal model of globalization.
B) The rise of an alternative model of globalization, perhaps shaped by China and the rising powers.
C) The maintenance of the status quo, despite current turbulence, because the forces of globalization have become so powerful.
D) All of the options given are correct.

Question 13

Underdevelopment theory argued that it was not possible for all less developed countries to 'catch up' to the advanced West because of the lasting effects of colonialism and because in a capitalist system development depends on underdevelopment.