Question 1

The notion of individual merit is a key aspect of neoliberalism. The text notes that the "fittest" will rise to positions of power and management that require specific expertise and skills and that the weak will accept lesser positons in the productive schema of a nation.

Accepted Answer

The text states that the notion of individual merit is a key aspect of neoliberalism and that the "fittest" will rise to positions of power and management, while the weak will accept lesser positions.

Question 2

Globalization has effectively abolished the reality of social inequality across the world's populations.

Accepted Answer

Globalization has not abolished social inequality, but rather has contributed to it by exacerbating problems such as economic disparities, cultural imperialism, and environmental injustice. While some individuals may benefit from globalization, many others are marginalized and exploited.

Question 3

Neoliberalism is a unique blend of liberal, conservative, and socialist ideals that allows for individual merit, individual success, and the eventual redistribution of wealth for the collective well-being of society through Keynesian economic processes.

Accepted Answer

Neoliberalism is generally associated with a more conservative economic ideology that emphasizes free markets and limited government intervention, and often critiques Keynesian economics. While some proponents may argue that neoliberal policies can lead to inclusive growth and societal benefit, it is generally not seen as a blend of liberal, conservative, and socialist ideals.

Question 4

Modernization theorists believe that entrepreneurship and competitiveness are the values underlying capitalism and development.

Accepted Answer

Modernization theorists argue that entrepreneurship and competitiveness drive economic growth and are integral to the development of capitalism. They view these values as essential for promoting innovation, efficiency, and productivity.

Question 5

In 2009, 44 of the top 100 economies in the world were corporations rather than countries.

Accepted Answer

This statement is true. According to a report by Global Justice Now, in 2009, 44 out of the top 100 economies in the world were corporations, while the rest were countries. This number increased to 69 out of the top 100 in 2014.

Question 6

Bollywood releases more films per year than Hollywood and, therefore, has more cultural influence around the world.

Accepted Answer

While Bollywood does release more films annually than Hollywood, cultural influence is subjective and varies by region; Hollywood films often have a wider global distribution and recognition.

Question 7

The power of nation states has been transferred completely to regional trade bodies.

Accepted Answer

While regional trade bodies may have increasing influence and power, nation states still maintain significant agency and decision-making authority.

Question 8

The International Labour Organization (ILO) is a tripartite agency of the United Nations that gives equal voice to workers, employers, and governments in shaping policies and programs related to labour standards.

Accepted Answer

This statement correctly describes the role and structure of the International Labour Organization (ILO).

Question 9

Modernization theory assumes that all nations industrialize in the same manner.

Accepted Answer

The answer of Modernization theory assumes that all nations industrialize...

Question 10

The World Trade Organization was created after World War II in an effort to stabilize flows of international currency.

Accepted Answer

The World Trade Organization was actually created in 1995 as a successor to the General Agreement on Tariffs and Trade (GATT). Its main purpose is to facilitate international trade and resolve disputes between member countries. It is not directly involved in currency stabilization.

Question 11

Different political and economic interests struggle to promote their own brands of globalization.

Accepted Answer

This is true as different political and economic interests such as multinational corporations, NGOs, governments, and international organizations may have different objectives and priorities when it comes to globalization, and may promote or resist different forms of globalization.

Question 12

Global civil society benefits when power is transferred unilaterally to nation-states through the social condition of globality.

Accepted Answer

Global civil society benefits from the redistribution of power from nation-states to transnational actors, rather than the concentration of power in nation-states through globality. This allows for increased democratic participation, greater accountability and more effective solutions to global issues.

Question 13

Globalization can affect people's health.

Accepted Answer

Globalization can lead to changes in diets, access to healthcare, and exposure to diseases, all of which can affect people's health. It can also increase environmental pollution and hazardous working conditions, leading to negative health effects.

Question 14

Tourism has influenced globalization.

Accepted Answer

Tourism has played a significant role in creating a more interconnected and globalized world, by allowing people from different countries and cultures to interact, exchange ideas, and share experiences. Tourists bring with them their own cultural backgrounds, beliefs, and values, which can influence and shape the cultures and societies they visit, as well as their own perceptions of the world. Moreover, tourism has helped to create a global market for goods and services, by promoting the exchange of products, technologies, and knowledge across borders, and by facilitating international trade and investment.

Question 15

Dependency theorists and their supporters like to blame developing countries for their lack of progress.

Accepted Answer

Dependency theorists argue that developed countries, through colonialism and neocolonialism, have systematically exploited and hindered the development of developing countries. They do not blame developing countries for their lack of progress.

Question 16

Dependency theory explains global inequality in terms of the historical exploitation of poor nations by richer nations.

Accepted Answer

Dependency theory argues that the current global economic system is a continuation of the historical exploitation and domination of poor nations by richer nations, which results in the perpetuation of global inequality.

Question 17

With globalization, the power of nation-states declines.

Accepted Answer

Globalization has led to increased interdependence and interconnectedness among countries, leading to a decline in the exclusive power of nation-states to control their own economies and political affairs.

Question 18

Harlequin Canada is a very successful publisher and is increasing global sales through the purchase of and integration of digital readers and eBooks.

Accepted Answer

The answer of Harlequin Canada is a very successful publisher...

Question 19

Financial institutions such the World Bank, the International Monetary Fund, the General Agreement on Tariffs and Trade, and the World Trade Organization were created to control the transfer of funds to nations that were wavering between joining the Soviet bloc and democratically led nations.

Accepted Answer

These institutions were primarily established to foster global economic stability, facilitate international trade, and promote economic development, rather than to control the transfer of funds based on political alignment.

Question 20

Social analysts agree that income inequality between nations is quickly becoming a problem of the past.

Accepted Answer

While there has been progress in reducing income inequality between nations, it is still a significant problem and not yet a thing of the past.

Quiz 15: Globalization: the Interconnected World