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Review Sheet for POLI/INTL 105 Exam 3 Questions
with Answers (100% Correct Answers)
Introduction to IPE Answer: Introduction to International Political
Economy.
Civilization Timeline Answer: A chronological representation of
significant historical events.
Computer/Digital Revolution Answer: The shift from traditional industry
to an economy based on information technology.
Impact of Globalization and Technological Change: Late 20th-early 21st
Century Answer: The effects of globalization and technological
advancements during this period.
Marxism vs. Capitalism: Capitalism Won Answer: The ideological conflict
where capitalism emerged as the dominant economic system.
Collapse of USSR and communist allies Answer: The disintegration of
the Soviet Union and its satellite states.
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,2
East Asian strategy success: Accept Globalization Answer: The
successful adoption of globalization strategies by East Asian countries.
Rapid Growth in Developing World Answer: Significant economic
expansion observed in developing nations.
Biggest increase in wealth in world history Answer: The unprecedented
rise in global wealth levels.
Massive decrease in extreme poverty Answer: A significant reduction in
the number of people living in extreme poverty.
Rise of China and India Answer: The economic and political ascendance
of China and India on the global stage.
Slower Growth in Industrial World Answer: The reduced economic
growth rates experienced by industrialized nations.
Decline of manufacturing? Answer: The potential reduction in
manufacturing activity in certain economies.
Competition or Technology? Answer: The debate over whether
competition or technological advancement drives economic growth.
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, 3
Great Recession 2008 sharpens the new argument Answer: The 2008
financial crisis intensified discussions on economic systems.
Liberal Capitalism vs. State Capitalism Answer: The contrast between
free-market capitalism and government-controlled capitalism.
Economic Liberalism Answer: An economic theory advocating for free
markets and minimal government intervention.
Capitalist Answer: An individual or entity that supports or engages in
capitalism.
Adam Smith Answer: An economist known as the father of modern
economics and author of 'The Wealth of Nations.'
Tariff Answer: A tax imposed on imported goods to protect domestic
industries.
Quota Answer: A limit on the quantity of a specific good that can be
imported.
Non-tariff barriers Answer: Regulations or policies other than tariffs that
restrict international trade.
© 2025 All rights reserved
Review Sheet for POLI/INTL 105 Exam 3 Questions
with Answers (100% Correct Answers)
Introduction to IPE Answer: Introduction to International Political
Economy.
Civilization Timeline Answer: A chronological representation of
significant historical events.
Computer/Digital Revolution Answer: The shift from traditional industry
to an economy based on information technology.
Impact of Globalization and Technological Change: Late 20th-early 21st
Century Answer: The effects of globalization and technological
advancements during this period.
Marxism vs. Capitalism: Capitalism Won Answer: The ideological conflict
where capitalism emerged as the dominant economic system.
Collapse of USSR and communist allies Answer: The disintegration of
the Soviet Union and its satellite states.
© 2025 All rights reserved
,2
East Asian strategy success: Accept Globalization Answer: The
successful adoption of globalization strategies by East Asian countries.
Rapid Growth in Developing World Answer: Significant economic
expansion observed in developing nations.
Biggest increase in wealth in world history Answer: The unprecedented
rise in global wealth levels.
Massive decrease in extreme poverty Answer: A significant reduction in
the number of people living in extreme poverty.
Rise of China and India Answer: The economic and political ascendance
of China and India on the global stage.
Slower Growth in Industrial World Answer: The reduced economic
growth rates experienced by industrialized nations.
Decline of manufacturing? Answer: The potential reduction in
manufacturing activity in certain economies.
Competition or Technology? Answer: The debate over whether
competition or technological advancement drives economic growth.
© 2025 All rights reserved
, 3
Great Recession 2008 sharpens the new argument Answer: The 2008
financial crisis intensified discussions on economic systems.
Liberal Capitalism vs. State Capitalism Answer: The contrast between
free-market capitalism and government-controlled capitalism.
Economic Liberalism Answer: An economic theory advocating for free
markets and minimal government intervention.
Capitalist Answer: An individual or entity that supports or engages in
capitalism.
Adam Smith Answer: An economist known as the father of modern
economics and author of 'The Wealth of Nations.'
Tariff Answer: A tax imposed on imported goods to protect domestic
industries.
Quota Answer: A limit on the quantity of a specific good that can be
imported.
Non-tariff barriers Answer: Regulations or policies other than tariffs that
restrict international trade.
© 2025 All rights reserved
