Contemporary World FINALS Module 5 - 6 VERIFIED 100% CORRECT SOLUTIONS

Contemporary World FINALS Module 5 - 6 VERIFIED 100% CORRECT SOLUTIONS 21 st century - ANSWER Is a hub for the closer relation of states and for a wider perspective in technological development. Globalization - ANSWER Made nations closer to each other Thomas Friedman 2005 - ANSWER the world is flat Globalization 1.0 (1492 -1800) Globalization 2.0 (Pax Britannica) Globalization 3.0 (Pax Americana) - ANSWER 3 stages of globalization. Globalization 1.0 - ANSWER Lasted from 1492 -1800 and shrank the world from a SIZE LARGE to a SIZE MEDIUM. - Known as the age of mercantilism and colonialism. The driving forces of Globalization 1.0 - ANSWER - Workforce - Horsepower - Wind power - Later on steam power The second stage (Globalization 2.0) - ANSWER - the age of Pax Britannica when Great Britain was the hegemonic power in the terms o trade and economy The driving forces of Globalization 2.0 - ANSWER - new institutions particularly the emergence of global markers and multinational corporations. Third stage Called as Globalization 3.0 - ANSWER Occurred during the second half of 20th century, refers to the age of Pax Americana when USA was the hemogenic power in terms of SECURITY, TRADE, and ECONOMY. Unipolar wo rld - ANSWER After the fall of the soviet union in the 1980s the USA became the sole superpower of ________ ______. False - ANSWER 19th century uses the same tactics as 20th century (TorF) Soft Power - ANSWER - uses a different method to establish cooperation attraction. - form of power that arises from the attractiveness of a country's culture, political ideas, and policies. True - ANSWER When policies are deemed justifiable by other states, soft power is enhanced. Joseph Nye (2004) - ANSWER Argues that it will be a mistake if a country does not use this as part of its national strategy. Gore 2013 - ANSWER Explained that the world is changing dramatically and there are six driving forces in this global change Deeply interconnected global e conomy - ANSWER One of the drivers of global change multinational corporations (MNC) - ANSWER Plays a substantial role in the global economy and enjoy a multitude of privileges such as unquestionable access to vast amounts of wealth they draw from their income, theoretical immortality to a certain extent, and the ability to pit themselves against o ne another. Nation -states - ANSWER Are the centerpieces of global community to the extent that MNCs threaten nation -states themselves. - Gore 2013 False MNCs are more flexible than nation -states - ANSWER MNCs are less flexible and independent in compa rison to nation -states. Ought to behave - ANSWER Nation -states lack the capacity to dictate how MNCs _____ __ ______. TRUE - ANSWER MNCs play a PIVOTAL ROLE not only in GLOBAL ECONOMY but in the INTERNATIONAL POLITICAL COMMUNITY as well. MNCs - ANSWER Tie together an otherwise politically separated and clouted world under an all -encompassing banner of commerce and economy.