Exam 8: Globalization and Sovereignty

The race to the bottom thesis would predict

____________________ are most likely to view globalization as a largely irreversible and beneficial process.

Advances in transportation and communication have helped reduce the tyranny of _________________.

Marxists are inclined to argue that _________________ are most harmed in the process of globalization.

The constrained state thesis claims that

Critics of the race to the bottom thesis argue that the problem is likely overstated because companies are more interested in the _____________ of their workers, not their wages.

Most foreign direct investment goes to developed nations with relatively high wages.

The existence of a _______________________ troubles those who think that important decisions are increasingly being taken out of the hands of states and elected officials as a result of globalization.

The democratic deficit refers to

The tyranny of location was greater when the costs of transportation were higher.

The movement of factories to Mexico and China is often cited as evidence of

The race to the bottom can be halted by eliminating barriers to trade.

Realists tend to argue that globalization

Some think globalization is creating a borderless world, threatening the ______________ of states.

Marxists see globalization as a process that exacerbates income inequalities.

The current wave of globalization is driven largely by revolutions in transportation technologies.

The "tyranny of location"

Realists are generally skeptical of the idea that globalization is eroding the power of states.

Some fear that globalization is creating a _________________________ as power is being taken away from elected governments in favor of corporations and international institutions.

Why are the debates over the extent and consequences of globalization so intense and difficult to resolve?