Exam 32: Globalization

Critics of globalization argue that international trade agreements represent roadblocks to democratic decision making, because power is decentralized from large international institutions to the local communities in the process.

The phrase "race to the bottom" refers to the situation in which globalization results in countries competing for international investment by imposing low or no environmental regulations or labor standards.

Which of the following statements accurately expresses evidence that globalization does not encourage a "race to the bottom" in labor standards?

Countries that have a large number of embassies, have memberships to international organizations, and participate in UN peace missions would be categorized under _____ globalization.

There are certain variables that are so obviously related to past crises that they may serve as warning indicators of potential future crises.Identify one such variable from the following.

Which of the following is one of the main reasons why China has recently received large amounts of foreign direct investment?

Which of the following statements is true?

Which of the following is an argument for globalization?

Which of the following is a measure of political globalization (one of the three categories used by the KOF Swiss Economic Institute)?

The primary international reserve asset is _____.

Family, language, and customs tie people to particular areas, so that the fact that people have the right to migrate does not mean that large numbers of them will actually do so.

Which of the following measures of globalization was not affected during the aftermath of the terrorist attacks in the United States on September 11, 2001?

Which of the following countries went through a financial crisis in 1997?

Globalization does not reward countries that follow good economic policies with greater access to the savings of the rest of the world to help finance growth and development.

Suppose, before the Asian financial crisis, the Thai baht was fixed against the dollar at a rate of 26 bahts for one U.S.dollar.If the exchange rate were allowed to float freely, the market would then set the rate at 35 bahts for one dollar.Under these circumstances, we say that the baht was:

Any movement to reduce the globalization of the world's economies will make workers in the poorest countries worse off than they would otherwise be.

Which of the following is entrusted with the responsibility of settling trade disputes between countries?

Average growth of per capita GDP of the post-1980 globalizersincreased from 1.4 percent per year in the 1960s to _____ percent in the 1990s.

Which of the following countries had a major financial crisis in 1994?

In its most basic form, globalization has existed ever since: