TCW EXAM STUDY GUIDE
Manfred B. Steger - Answer -was born on 1961. He is a professor at the University of
Hawaii at Manoa. He was also Professor of Global Studies and Director of the
Globalism Research Centre at RMIT University in Australia until 2013. Steger's research
and teaching spans globalization, ideology, and non-violence.
Globalization - Answer -came from the word "Globalize" which refers to the emergence
of international network of economic systems (Martinez Jr., et.al, 2018)
Globalization - Answer -the process of interaction and integration among the people,
companies, and governments of different nations, a process driven by international
trade and investments and aided by information technology (Levin Institute, 2016).
Globalization - Answer -the process based on international strategies which aims to
expand business operations on a worldwide level, and was precipitated by a facilitation
of global communications due to technological advancements, and socio-political,
economic and environmental developments (Pologeorgis 2017 as cited in Martinez Jr.
2018).
Globalization - Answer -encompasses many trends including expanded international
trade, monetary coordination, multinational corporations, telecommunications, technical
and specific cooperation, cultural exchanges of new types and scales, migration and
refugee flows, and relations between world's rich and poor countries and between
human beings and the natural environment (Goldstein 2009 as cited in Haydeelovely,
2021)
Globalization - Answer -a transplanetary set of processes involving increasing liquidity
and growing multidirectional flows of people, objects, places and information as well as
the structures they encounter and create that are barriers to expedite the flow (Ritzer &
Dean, 2015 as cited in Haydeelovely, 2021)
Globalization - Answer -the emergence of complex web of interconnectedness that
means our lives are increasingly shaped by others, the decisions that they made even
though they are far away from us (Heywood, 2014 as cited in Haydeelovely, 2021).
Globalization - Answer -adual process in which various social, political, cultural and
economic spheres of the world are becoming interconnected and integrated (Madrigal,
2016)
Steger (2005 & 2014) - Answer -For _______ a term globalization should be limited to
set of intricate social processes that modify prevailing social statuses based on the
modern regime of self-dependent nation - states.
,Steger (2005 - Answer -He uses the term "globality" to mean globalization as a
condition. For him, globality denotes "future social condition characterized by thick
economic, political, and cultural interconnections and global flows that make currently
existing political borders and economic barriers irrelevant.
South African World Cup - Answer -The globallocal dynamics are rather obvious here:
national teams playing in South African stadiums in front of a mixture of local and global
spectators as well as virtual global audiences watching the games on TVs and other
digital devices
Diego Forlán - Answer -Born in 1979 into a prominent football-playing family in
Montevideo. he set up the Alejandra Forlán Foundation. He would also use his global
celebrity status in public TV campaigns denouncing dangerous driving.
Shakira - Answer -was born on 2 February 1977 in Barranquilla, Colombia, to a New
York City-born father of Arabic background and a mother of Spanish Catalan descent. A
native Spanish speaker, showed particular talent for languages and was soon fluent in
English and Portuguese, in addition to acquiring some Italian, French, Catalan, and
Arabic.
'Globaloney' - Answer -Globalization as _______
- Answer -Existing accounts of globalization, according to a tiny and rapidly diminishing
number of researchers, are incorrect, unclear, or exaggerated. They observe that
almost anything that may be linked to a transnational process is claimed as proof for
globalization and its expanding influence. As a result, they suspect that such broad
observations are frequently nothing more than 'globaloney' (Held and McGrew, 2007;
Rosenberg, 2000; Veseth, 2010).
Rejectionists - Answer -They dispute the usefulness of globalization as a sufficiently
precise analytical concept
Sceptics - Answer -They point to the limited nature of globalization proponents believe.
In their view, the term globalization does not constitute an accurate label for the actual
situation,
Modifiers - Answer -They dispute the novelty of the process while acknowledging the
existence of moderate globalizing tendencies. They argue that those who refer to
globalization as a recent process miss the bigger picture and fall prey to their narrow
historical framework
Globalization as Economic Process - Answer -The essence of globalization, according
to economic assessments, is the expanding interconnectedness of national economies
through trade, financial flows, and indirect investment... by multinational firms (Gilpin,
2000: 299). Thus, increased economic activity is regarded as the major characteristic of
globalization as well as the driving force behind its rapid expansion.
, Bretton Woods System - Answer -uring its nearly three decades of operation, the
__________ system made significant contributions to the formation of what some
observers have termed "the golden age of controlled capitalism" (Luttwak, 1999: xii, 27).
Existing methods of governmental control over international capital movements,
according to this interpretation, enabled full employment and the rise of the welfare
state. Rising wages and expanded social services ensured a temporary class
compromise in the wealthier countries of the global north.
Neo-liberalism - Answer -Most economic globalization scholars trace the global
economy's accelerating integrationist tendencies to the early 1970s collapse of the
Bretton Woods system and the rise of __________ in the 1980s and its ascendancy to
dominance with the 1981-91 collapse of command type economies in Eastern Europe.
Aside from free trade, probably the two most fundamental features of economic
globalization are the changing structure of the post-production process and the
liberalization and internationalization of financial transactions. Indeed, many economists
believe that the rise of a global financial system is the most basic economic aspect of
our time. Financial trading liberalization enabled greater mobility among different parts
of the financial industry, with less limitations and a more global view of investment
opportunities.
Data Processing and Information Technology Contributes to the explosive Growth of
Tradable Financial Value. - Answer -Furthermore, these scholars emphasized
advances in _________________________________. New satellite systems and fiber-
optic cables served as the nervous system for Internet-based technologies, speeding up
the liberalization of financial transactions even more. The majority of the expansion
happened in the purely money-dealing currency and securities markets, with no trade
claims to reduce earnings from future production. With the help of new communication
technologies, global rentiers in speculators generate spectacular incomes by taking
advantage of weak financial and banking rules in developing countries' growing
markets.
TNCs - Answer -Many scholars who use this approach point to another significant
economic development of the last three decades involving the changing structure of
global production: powerful transnational corporations (TNCs) with subsidiaries in
multiple countries. Wal-Mart, General Motors, Exxon-Mobil, Mitsubishi, and Siemens
are among the 200 largest TNCs, accounting for more than half of global industrial
output and consolidating their global operations in an increasingly deregulated global
labor market. TNCs' mobility and profitability are enhanced by the availability of cheap
labor, resources, and ideal production conditions in the third world. Their capacity to
outsource manufacturing jobs - that is, to reduce labor costs by dividing economic
production processes into numerous separate phases carried out by low-wage workers
in the global South - is frequently recognized as a feature of economic globalization.
Globalization as Political Process - Answer -Even more extreme technological-
determinist explanations hold that politics is powerless in the face of an unstoppable
Manfred B. Steger - Answer -was born on 1961. He is a professor at the University of
Hawaii at Manoa. He was also Professor of Global Studies and Director of the
Globalism Research Centre at RMIT University in Australia until 2013. Steger's research
and teaching spans globalization, ideology, and non-violence.
Globalization - Answer -came from the word "Globalize" which refers to the emergence
of international network of economic systems (Martinez Jr., et.al, 2018)
Globalization - Answer -the process of interaction and integration among the people,
companies, and governments of different nations, a process driven by international
trade and investments and aided by information technology (Levin Institute, 2016).
Globalization - Answer -the process based on international strategies which aims to
expand business operations on a worldwide level, and was precipitated by a facilitation
of global communications due to technological advancements, and socio-political,
economic and environmental developments (Pologeorgis 2017 as cited in Martinez Jr.
2018).
Globalization - Answer -encompasses many trends including expanded international
trade, monetary coordination, multinational corporations, telecommunications, technical
and specific cooperation, cultural exchanges of new types and scales, migration and
refugee flows, and relations between world's rich and poor countries and between
human beings and the natural environment (Goldstein 2009 as cited in Haydeelovely,
2021)
Globalization - Answer -a transplanetary set of processes involving increasing liquidity
and growing multidirectional flows of people, objects, places and information as well as
the structures they encounter and create that are barriers to expedite the flow (Ritzer &
Dean, 2015 as cited in Haydeelovely, 2021)
Globalization - Answer -the emergence of complex web of interconnectedness that
means our lives are increasingly shaped by others, the decisions that they made even
though they are far away from us (Heywood, 2014 as cited in Haydeelovely, 2021).
Globalization - Answer -adual process in which various social, political, cultural and
economic spheres of the world are becoming interconnected and integrated (Madrigal,
2016)
Steger (2005 & 2014) - Answer -For _______ a term globalization should be limited to
set of intricate social processes that modify prevailing social statuses based on the
modern regime of self-dependent nation - states.
,Steger (2005 - Answer -He uses the term "globality" to mean globalization as a
condition. For him, globality denotes "future social condition characterized by thick
economic, political, and cultural interconnections and global flows that make currently
existing political borders and economic barriers irrelevant.
South African World Cup - Answer -The globallocal dynamics are rather obvious here:
national teams playing in South African stadiums in front of a mixture of local and global
spectators as well as virtual global audiences watching the games on TVs and other
digital devices
Diego Forlán - Answer -Born in 1979 into a prominent football-playing family in
Montevideo. he set up the Alejandra Forlán Foundation. He would also use his global
celebrity status in public TV campaigns denouncing dangerous driving.
Shakira - Answer -was born on 2 February 1977 in Barranquilla, Colombia, to a New
York City-born father of Arabic background and a mother of Spanish Catalan descent. A
native Spanish speaker, showed particular talent for languages and was soon fluent in
English and Portuguese, in addition to acquiring some Italian, French, Catalan, and
Arabic.
'Globaloney' - Answer -Globalization as _______
- Answer -Existing accounts of globalization, according to a tiny and rapidly diminishing
number of researchers, are incorrect, unclear, or exaggerated. They observe that
almost anything that may be linked to a transnational process is claimed as proof for
globalization and its expanding influence. As a result, they suspect that such broad
observations are frequently nothing more than 'globaloney' (Held and McGrew, 2007;
Rosenberg, 2000; Veseth, 2010).
Rejectionists - Answer -They dispute the usefulness of globalization as a sufficiently
precise analytical concept
Sceptics - Answer -They point to the limited nature of globalization proponents believe.
In their view, the term globalization does not constitute an accurate label for the actual
situation,
Modifiers - Answer -They dispute the novelty of the process while acknowledging the
existence of moderate globalizing tendencies. They argue that those who refer to
globalization as a recent process miss the bigger picture and fall prey to their narrow
historical framework
Globalization as Economic Process - Answer -The essence of globalization, according
to economic assessments, is the expanding interconnectedness of national economies
through trade, financial flows, and indirect investment... by multinational firms (Gilpin,
2000: 299). Thus, increased economic activity is regarded as the major characteristic of
globalization as well as the driving force behind its rapid expansion.
, Bretton Woods System - Answer -uring its nearly three decades of operation, the
__________ system made significant contributions to the formation of what some
observers have termed "the golden age of controlled capitalism" (Luttwak, 1999: xii, 27).
Existing methods of governmental control over international capital movements,
according to this interpretation, enabled full employment and the rise of the welfare
state. Rising wages and expanded social services ensured a temporary class
compromise in the wealthier countries of the global north.
Neo-liberalism - Answer -Most economic globalization scholars trace the global
economy's accelerating integrationist tendencies to the early 1970s collapse of the
Bretton Woods system and the rise of __________ in the 1980s and its ascendancy to
dominance with the 1981-91 collapse of command type economies in Eastern Europe.
Aside from free trade, probably the two most fundamental features of economic
globalization are the changing structure of the post-production process and the
liberalization and internationalization of financial transactions. Indeed, many economists
believe that the rise of a global financial system is the most basic economic aspect of
our time. Financial trading liberalization enabled greater mobility among different parts
of the financial industry, with less limitations and a more global view of investment
opportunities.
Data Processing and Information Technology Contributes to the explosive Growth of
Tradable Financial Value. - Answer -Furthermore, these scholars emphasized
advances in _________________________________. New satellite systems and fiber-
optic cables served as the nervous system for Internet-based technologies, speeding up
the liberalization of financial transactions even more. The majority of the expansion
happened in the purely money-dealing currency and securities markets, with no trade
claims to reduce earnings from future production. With the help of new communication
technologies, global rentiers in speculators generate spectacular incomes by taking
advantage of weak financial and banking rules in developing countries' growing
markets.
TNCs - Answer -Many scholars who use this approach point to another significant
economic development of the last three decades involving the changing structure of
global production: powerful transnational corporations (TNCs) with subsidiaries in
multiple countries. Wal-Mart, General Motors, Exxon-Mobil, Mitsubishi, and Siemens
are among the 200 largest TNCs, accounting for more than half of global industrial
output and consolidating their global operations in an increasingly deregulated global
labor market. TNCs' mobility and profitability are enhanced by the availability of cheap
labor, resources, and ideal production conditions in the third world. Their capacity to
outsource manufacturing jobs - that is, to reduce labor costs by dividing economic
production processes into numerous separate phases carried out by low-wage workers
in the global South - is frequently recognized as a feature of economic globalization.
Globalization as Political Process - Answer -Even more extreme technological-
determinist explanations hold that politics is powerless in the face of an unstoppable
