Exam 8: Globalization and Sovereignty

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According to the constrained state thesis,

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As evidence of globalization, we can point to the fact that Americans are as likely to invest their money in foreign corporations as domestic corporations.

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Realists often argue that globalization

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The race to the bottom entails downward pressure on wages in the poorest countries.

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What are the dynamics and possible limits of the race to the bottom?

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The race to the bottom that many see as an integral part of globalization refers to

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Whereas _______________________ generally refers to intertwined national economies, ______________________ entails the emergence of a genuinely global economy.

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Why and how does globalization depend on both technology and policy?

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Debates about globalization revolve around both empirical and normative issues; that is, the reality and extent of globalization as well as its consequences.How do realists, liberals, and Marxists approach these empirical and normative issues?

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Beginning in the 1980s, the concept of interdependence was gradually replaced with that of _________________ to indicate the meshing of national economies.

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The fact that most foreign investment is made in developed nations with high wages and business regulation would seem to undermine the ______________________.

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The constrained state thesis argues that multinational corporation now have more influence over government policies.

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Globalization in the 1990s halted the growing interdependence seen in the 1970s.

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Globalization

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The _____________________________ sees the power of states being diminished by globalization.

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Most goods produced in the United States are sold to foreign countries.

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_____________________ often argue that both the magnitude and irreversibility of globalization is exaggerated.

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According to the constrained state thesis, globalization is strengthening state sovereignty.

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The ___________________ is driven by the ability of corporations to move around the world in search of low wages and lax regulation.

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The ability of companies to move to locations where wages are lowest is seen as a major cause of

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