Question 1

The semi-periphery refers to peripheral countries moving toward becoming core,or core countries in decline.

Accepted Answer

The semi-periphery refers to countries that have aspects of both core and peripheral countries, and are often in the process of transitioning from peripheral to core status. This can include countries that are growing in economic power and influence, but still have significant social and political challenges. It does not necessarily refer to core countries in decline.

Question 2

There is no debate that globalization has resulted in greater global equality.

Accepted Answer

There is considerable debate over whether globalization has resulted in greater global equality. While some argue that increased trade and investment has lifted millions out of poverty, others point to widening income inequality both within and between countries as evidence that globalization has failed to reduce global inequality.

Question 3

Hegemony refers to the political and social domination of the bourgeois class in capitalist society,expressed not only in ideologies but also in the realms of culture and social organization.

Accepted Answer

Hegemony is indeed the political and social domination of the bourgeois class in capitalist society, expressed through various means including ideologies, culture, and social organization.

Question 4

The terminology associated with &#34;development&#34; has come under criticism.

Accepted Answer

The terminology associated with "development" has been criticized for its ethnocentric, neoliberal, and patriarchal bias, among other things.

Question 5

Critics doubt there is any evidence to show that the billions of dollars spent in foreign aid actually leads to a decline in poverty levels.

Accepted Answer

Critics argue that despite the significant amount of foreign aid given by developed countries, poverty levels in many developing nations have remained unchanged or even increased, indicating a lack of evidence that foreign aid directly leads to a decline in poverty.

Question 6

The total market value of all final goods and services produced in a country refers to its gross domestic product.

Accepted Answer

This is the correct definition of gross domestic product (GDP). It represents the total value of all final goods and services produced within a country's borders during a given period of time, usually a year.

Question 7

Of all of the major theories of global inequality,world system theory comes closest to believing in what is called &#34;trickle-down&#34; economics.

Accepted Answer

World system theory does not support the idea of trickle-down economics. This theory argues that the global capitalist system perpetuates inequality by exploiting periphery countries and concentrating wealth and power in core countries. Trickle-down economics, in contrast, suggests that economic growth and benefits for the wealthy will eventually "trickle down" to benefit those at the bottom.

Question 8

Dependency theory proposes that the capitalist economic system is in dire need of being dismantled.

Accepted Answer

Dependency theory primarily focuses on the relationships between developing and developed countries, arguing that the wealth of the latter is based on the poverty of the former, but it does not inherently call for the dismantling of the capitalist system.

Question 9

Globalization is responsible for,among other things,severing social arrangements based on geographic location.

Accepted Answer

Globalization has led to the rise of global networks and the erosion of traditional social structures based on geographic location. The interconnectedness of the world has redefined social arrangements, making them more fluid and dynamic, transcending borders and boundaries.

Question 10

True economic integration among persons from different geographic locales became possible only with the emergence of capitalism.

Accepted Answer

Before capitalism, economic transactions were mainly localized and limited to bartering between individuals or small groups. With the emergence of capitalism, individuals and businesses were able to engage in trade and investment across greater distances and with greater efficiency, leading to increased economic integration across regions and nations.

Question 11

Giddens points out that globalization since the 1970s is much different from globalization in previous times.

Accepted Answer

The answer of Giddens points out that globalization since the...

Question 12

In opposition to the &#34;homogenization&#34; of cultures argument,some recent theorists propose that globalization may in fact lead to greater cultural diversity.

Accepted Answer

The answer of In opposition to the &#34;homogenization&#34; of cultures...

Question 13

The foundation for modernization theory is the belief that poor countries should naturally want to be like industrialized nations since they are doing so well.

Accepted Answer

The answer of The foundation for modernization theory is the...

Question 14

The definition of absolute poverty is a measure of social inequality.

Accepted Answer

The answer of The definition of absolute poverty is a...

Question 15

There is a causal link between globalization and poverty.

Accepted Answer

The answer of There is a causal link between globalization...

Deck 19: A: Globalization