Question 1

The globalization project succeeded the development project because ______.

Accepted Answer

The development project has transitioned from a nationally managed economic growth to participation in world market, leading to the emergence of the globalization project.

Question 2

Globalization is a project because ______.

Accepted Answer

Globalization involves international players and has political dimensions, making it a project with specific goals and strategies. The processes of globalization are not simply a natural outcome of economic development but are often manipulated by political and economic forces. Globalization can also challenge the traditional power dynamics between states and create new forms of cooperation and competition. Therefore, viewing globalization as a project helps us to understand the complex and dynamic nature of these processes.

Question 3

While microcredit is noted for its empowerment of marginalized women, its critiques claim that it is "bankrolling the poor", implying that ______.

Accepted Answer

While it creates new micro-enterprises, it also produces new class/gender inequalities.

Question 4

The globalization project is different from the development project because the ______.

Accepted Answer

The globalization project differs from the development project in that the former focuses on promoting free international enterprise and commerce, often at the expense of national governments, whereas the latter is primarily concerned with improving the economic and social conditions of individual countries. Therefore, option C is the correct answer, as it accurately captures this distinction between the two projects. Option B is not correct, as the globalization project does not prioritize national sovereignty; indeed, it often erodes it. Option D is also inaccurate, as while globalization can lead to greater interconnectedness among nations, it does not necessarily erase national boundaries. Finally, option A is irrelevant, as the chronological order of emergence is not relevant to the question.

Question 5

The "Kerala Model" is known not only for its avoidance of the market-driven development model, but also ______.

Accepted Answer

The sentence mentions the avoidance of market-driven development model but does not provide any information about IMF loans, tax credits, or high rates of crime. However, it does mention Kerala's dependence on remittance from its expatriates, making A) the correct choice.

Question 6

The vast majority of workers in EPZs are all of the following EXCEPT ______.

Accepted Answer

EPZs are known for their high turnover rates and dependence on temporary workers, which means that the vast majority of workers are not long-term employees. The other options listed - young women, young men, and migrants - are commonly found in EPZs, however.

Question 7

Work in EPZs is characterized by all of the following except ______.

Accepted Answer

EPZ workers are typically not unionized, as the zones are typically established with tax incentives and other benefits to attract foreign investment and companies seek low-cost labor. The other options - A, B, and C - are characteristics commonly seen in EPZs.

Question 8

Most EPZ are located in ______.

Accepted Answer

Most EPZs are located in Third World countries because they offer cheap labor and attract foreign investment. These countries often have weaker labor laws and lower wages, making them attractive for businesses looking to lower production costs.

Question 9

The vision of the globalization project was ______.

Accepted Answer

The globalization project aimed to implement free markets by restructuring the economic policies of nation-states, which aligns with choice D. The establishment of the World Trade Organization and implementation of its rules were part of this project but not the sole vision. Implementation of classical economic plans is too vague and does not capture the specific goals of the globalization project.

Question 10

______ create specialized manufacturing export zones.

Accepted Answer

FTZs, or Free Trade Zones, are designated areas where goods can be imported, processed, and exported without being subject to tariffs or other trade barriers. This allows for specialized manufacturing export zones to be created, as the goods can be manufactured and then exported without any additional taxes or fees being incurred. IFIs (International Financial Institutions), GATTs (General Agreement on Tariffs and Trade), and WTO (World Trade Organization) do not specifically specialize in the creation of these types of zones.

Question 11

JINCO is a multinational company wishing to invest in India. The Indian government is interested in the partnership but requires JINCO to invest its profits locally, hire locally, and buy its raw materials from the country. JINCO disagrees and decides to seek relief from the WTO. Which of these WTO protocols would JINCO use?

Accepted Answer

Trade-Related Investment Measures (TRIMs) are rules that apply to the investment policies of WTO members, especially where such policies affect trade. JINCO's disagreement with the Indian government's conditions falls under issues that TRIMs addresses, such as local content requirements and trade-balancing measures.

Question 12

Microfinance programs perform all these tasks simultaneously:

Accepted Answer

Microfinance programs provide credit to the poor for self-maximization, deepening and improving market relations, and enlarging financial opportunities for the poor. However, they do not necessarily give primacy to the role of financial capital, as the focus is more on providing financial access to those who historically have had limited opportunities in the formal financial sector.

Question 13

Critiques of microcredit claim that it has replaced social networks of survival with "empowerment debt" which has proven to be a double-edged sword because ______.

Accepted Answer

Microcredit has been criticized for perpetuating inequalities and creating new dependencies. The loans are often used to meet daily consumption needs, rather than for productive investment. As a result, the debt can become a burden, leading to intergenerational effects such as young girls being taken out of school to make loan payments. Additionally, microcredit programs have been accused of exploiting the middle class to support loans for the poor. These issues have led some to question the effectiveness of microcredit as a tool for poverty reduction.

Question 14

Which of the following promote outsourcing?

Accepted Answer

The answer of Which of the following promote outsourcing?
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Question 15

The Heavily Indebted Poor Countries (HIPC) Initiative is one example of the Social Emergency Fund and the Compensatory and Contingency Financing Facility created by the International Financial Institutions.

Accepted Answer

The Heavily Indebted Poor Countries (HIPC) Initiative is indeed an example of the Social Emergency Fund and the Compensatory and Contingency Financing Facility created by the International Financial Institutions.

Question 16

South Africa's decision to privatize and outsource Telkom disproportionately limited services for the poor.

Accepted Answer

Many of Telkom's services, such as access to landlines and internet, were not extended to low-income and rural areas after privatization and outsourcing. This created a digital divide in South Africa, as those in wealthier areas had access to better telecommunication services.

Question 17

As manufacturing moves to the global south, a "great turnaround" occurs when labor from the south also moves to the global north.

Accepted Answer

The statement is true because as manufacturing moves to the global south, labor from the south also moves to the global north in search of better wages and working conditions. This is known as the "great turnaround."

Question 18

The spread of "gated communities", racist violence toward "guest workers" are all consequences of displacement of poor labor from the global south

Accepted Answer

The displacement of poor labor from the global south has led to the spread of gated communities and racist violence toward guest workers.

Question 19

"Displacement of love" is NOT synonymous with "global heart transplant".

Accepted Answer

"Displacement of love" refers to a change in where or to whom someone directs their love, while "global heart transplant" implies a complete replacement of one's heart or emotions with someone else's. These two phrases are not synonymous.

Question 20

The first EPZ appeared in Shannon, Ireland in 1968.

Accepted Answer

The answer of The first EPZ appeared in Shannon, Ireland...

Quiz 5: The Globalization Project: Processes, Experiences, and Implications