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Midterm Exam Part 1

Has answers about questions in globalization and economy.

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Kristine Onesta
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0% found this document useful (0 votes)
19 views3 pages

Midterm Exam Part 1

Has answers about questions in globalization and economy.

Uploaded by

Kristine Onesta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DIRECTIONS: Find and Circle the words in the grid.

After encircling it, identify which words


corresponds the following statements below.

GLOBALIZATION
ECONOMIST
HISTORIAN
FREE TRADE
INSTITUTION
MARXISM
KARL MARX
HOMOGENOUS
DOLLAR
INTEGRATION
POST MODERNISM
SOCIOLOGIST
REALISM
NEOLIBERALISM

p. Shade the correct answer that you can find in the box
1. The basic monetary unit of the US, Canada, Australia, and certain countries in the Pacific,
Caribbean, Southeast Asia, Africa, and South America. DOLLAR
2. Play a vital role in prompting peace in international system. INSTITUTION
3. The most criticized perspectives yet most dominant and influential. REALISM
4. Offers a distinctive approach by highlighting the structures of economic power rather than
patterns of conflict and cooperation. MARXISM
5. Is believed to be based on the belief that truth is always contested and plural POST
MODERNISM
6. Refers to the processes by which more people across large distance become connected in
more different ways. GLOBALIZATION
7. It is an agreement that reduces barriers to trade among member countries. FREE TRADE
8. They have their own view of globalization. ECONOMIST
9. According to them globalization is an ongoing process that involves interconnected changes
in cultural and social spheres. SOCIOLOGIST
10. He said that “The history of all hitherto existing human society is the history of class
struggles.” KARL MARX
II . ENUMERATION
1. Three (3) theories or perspective in the emergence of globalization
- World-SystemTheory
- World Polity Theory
- World Culture Theory
2. Four (4) interdisciplinary understanding of globalization
- Political Scientist
- Economist
- Sociologist
- Historian
3. Eight (8) characteristics of neoliberalism
- Government must limit subsidies
- Make a reforms to tax law in order to expand tax base
- Reduce deficit spending
- Limit protectionism
- Open markets
- Removal of fixed exchange rates
- Back deregulation
- Privatization
4. Give at least five (5) positive effects of ASEAN integration
- A highly integrated and cohesive economy
- A competitive, Innovative, and Dynamic countries
- Enhanced connectivity and Sectoral Cooperation
- Better jobs and quality of life
- Easier to travel
5. Five at least five (5) negative effects of globalization
- Widening Disparity in Income
- Exploits cheaper labor markets
- Unequal economic growth
- Support over foreign products rather than local ones.
- Air pollution and many more environmental problems.
6. Three (3) mission of IMF
- Surveillance
- Lending
- Capacity Development
7. Five (5) original member of ASEAN
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
8. Give at least (5) members of International Financial Institution
- World Bank (WB)
- International Monetary Fund (IMF)
- European Investment Bank (EIB)
- Islamic Development Bank (IDB)
- Asian Development Bank (ADB)
9. Five (5) form of Integration
- Preferential Agreement
- Free Trade Agreement
- Customs Union
- Common Market
- Economic Union
10. Give at least five (5) organization of World Bank (WB)
- The International Bank for Reconstruction and Development (IBRD)
- The International Development Association (IDA)
- The International Finance Corporation (IFC)
- The Multilateral Investment Guarantee Agency (MIGA)
- The International Center for Settlement of Investment Dispute (ICSID)

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