Deck 7: The Globalization Project in Crisis

Question 1

The goal of The Guardian Weekly's article, "Has Globalization Hit the Wall?", is to ______.

A) demonstrate the inability of neoliberal economic policies to shield citizens from its uncertainty and volatile financial markets
B) demonstrate the inability of globalization to protect the poor
C) portray globalization as a monstrous force eaten by its deeds
D) portray the helplessness of globalization in the face of rising poverty in the global south, and income inequality in the global north.

Answer 1

A

Question 2

Aside from the unpopularity of the global economy, one other event signaling the crisis in the globalized economy is the ______.

A) the weakness of the network of international rules and institutions and its replacement by regional trade alliances.
B) the erosion of the globalized nation state and its replacement by true nation-centered states
C) the opposition to the Trans-Pacific Partnership
D) the emergence of India and South Korea as beacons of new development regimes.

Answer 2

A

Question 3

The textbook suggests that the problem of globalization is recycled as its solution, which in turn deepens the crisis. This cyclical process is evidenced by the ______.

A) movement of development experts between the global north and south.
B) recycling of austerity measures in the global south and north
C) relocation of industries from north to south
D) reverse brain-drain of expertise from global north to south.

Answer 3

B

Question 4

The sources of the social crisis in the globalization project has been traced to ______.

A) changes in the international division of labor
B) dependency
C) commodification of love
D) changes in the global labor force

Question 5

The Beijing Consensus is different from and more effective than the Washington Consensus because ______.

A) it is developed with the interests and concerns of the global south in mind
B) China has become a major player in the global economy
C) China's stable (but repressive) politics and high-speed economic growth has become a model for other global south countries
D) the Beijing Consensus is backed by communist philosophy

Question 6

The "nutrition transition' has produced dietary bifurcation along class lines. Affluent consumers are more likely to have access to ______ while the poor have access to ______.

A) western foods; locally produced food
B) plant-based diets; animal protein, carbohydrates
C) commercial food; farm-produced food
D) healthy (organic) diets; highly processed high-calorie foods

Question 7

The Arab Spring demonstrated the necessity of ______ as the cornerstone of the development debate.

A) social inclusion
B) social freedoms
C) participatory democracy
D) participatory freedoms

Question 8

The source of the social crisis in the globalization project has been traced to changes in global labor force because ______.

A) labor has been de-commodified
B) job insecurity has been the norm in global north owing to increasing commodification of labor
C) the price and value of labor has fallen
D) the demand for labor has exceeded its supply

Question 9

The following events - increasing poverty in the United States, financial crisis in the global north, reduction in government spending in the name of debt reduction as well as the Occupy Movement of 2011 - are all indicators and consequences of ______.

A) state-centered development
B) the effect and responses to neoliberalist policies such as structural adjustment programs
C) decline of austerity reforms
D) globalization and its countermovements

Question 10

Podemos is a unique type of political "party movement" because ______.

A) its agenda is non-ideological and based on grassroots, participatory democracy
B) it is anti-authoritarian/anti-corruption in its ideology
C) it is just like Syriza movement in Greece
D) it is influenced by Latin American philosophers

Question 11

The failure of a development project to fulfill its promises and the inability of the Millennium Development goals to achieve its targets illustrate the fact that globalization is facing ______.

A) an identity crisis
B) a performance evaluation
C) a legitimacy crisis
D) internal divisions

Question 12

The legitimacy crisis is doubly expressed in the refusal/inability of the developing agencies to ______ and the refusal/inability to refocus on how neoliberal development ______.

A) address global inequality; aids the rich more than the poor
B) develop sustainable policies; programs debt relief
C) address environmental challenges; results in sustainable development
D) address fiscal austerity; exacerbates inequality

Question 13

Why do Water Protectors (native peoples) personify water?

A) to highlight the significance of water in cultural ceremonies
B) to enforce a legal order of their own and ensure the river, and thus its people, are free
C) to irrigate the water through reservation land to grow crops
D) to naturally filter and purify lakes and rivers after damage from oil pipelines

Question 14

Which event(s), according to Lawrence Summers, signaled the moment the United States lost its role as an underwriter of the global economic system?

A) China's creation of the Asian Infrastructure Investment Rank
B) U.S. political infighting
C) tight budgets and competing financial demands
D) rise of the age of Obama

Question 15

The social crisis is a crisis of development promise because ______.

A) the global north failed to fulfill its promises of being a development model
B) loss of job security and job benefits in the global north due to increasing labor costs
C) proliferation of job opportunities in the global south, due to offshoring, has not translated into gains for national governments
D) the global south failed to imitate and benefit from developments in the global north

Question 16

Select the ways in which automation is having an impact on different industries.

A) China has become the world's largest user of industrial robots.
B) Blue-collar jobs, such as cashiers, are no longer needed in 'just walk out' stores.
C) Factories are replacing workers with robots.
D) China is researching ways to use robots in childcare.

Question 17

What does deglobalization entail?

A) investment in centralized institutions like the IMF and World Bank
B) achieving balance between the national economy and international economy
C) minimizing industrial policy to revitalize the manufacturing sector
D) trade policy (quotas and tariffs) to protect the local economy from destruction by corporate-subsidized commodities with artificially low prices

Question 18

India is experiencing a shift from provision of global services to manufacturing domestic products and this is manifested in the industrial park program in "global/satellite cities" such as Delhi, Mumbai, Kolkata, Hyderabad, and Chennai.

Question 19

Young people are more likely to associate development/growth with cancer, obesity, and emissions.

Question 20

Multipolarity is defined as a plethora of regional trade agreements underway as U.S. power declines.

Question 21

The rise of Western affluence has resulted in a nutrition transition of more plant-based diets over animal protein, oils, fats, and processed sugars.

Question 22

During the first two decades of the 21st century, public spending cuts, weakened economies, and industry offshoring contributed to a decline in employment, thus reducing taxes bases and minimizing capacity to provide social safety nets.

Question 23

The social crisis in globalization is a crisis of the development promise, affecting the global north and south simultaneously.

Question 24

Unemployment has become the great leveler across the North/South divide.

Question 25

The United Nations has been successful in continually progressing in their key Millennium Development Goals since 2000, such as halving world hunger by 2015.

Question 26

The BRICS countries include Brazil, Russia, India, China, South Africa.

Question 27

Less than one-third of India's population directly relies on farming in some way.

Question 28

The Beijing Consensus has the same goals and same achievements as the Washington Consensus.

Question 29

The textbook describes the global economy as "casino-like". Briefly explain this designation.

Question 30

According to the textbook, the legitimacy crisis is doubly expressed in which ways?

Question 31

According to the textbook, the social crisis stemming from the globalization crises manifests itself in two ways. Briefly discuss these.

Question 32

In what way has the Arab Spring contributed to our understanding of globalization and its discontents?

Question 33

Define the Beijing Consensus, and explain its relevance to globalization and its practice.