2
Chapter 1
Introduction
Multiple Choice
1) Theorists who define globalization primarily as an economic phenomenon
with little effect on the primacy of states are
a) moderate globalists.
b) hyperglobalists.
c) internationalists.
d) liberal economists.
2) Theorists who emphasize the fact that internationa –
a) historical materialists.
b) liberals.
c) Keynesians.
d) neomercantilists.
3) Globalization
a) has caused the state to be superseded as the principle actor in IR.
b) declined in the period between World Wars I and II.
c) is a uniform process throughout the world.
d) is a relatively new phenomenon.
4) The total value of goods and services produced by domestically owned
factors of production in a given year is the
a) gross national product.
b) gross domestic product.
c) gross domestic income.
d) gross national income.
True-False
1) The 2008 global financial crisis has been the worst financial crisis since
the Great Depression.
2) The gross national income and gross domestic product are virtually the
same.
3) rapidly, and is approaching
the levels of the major DCs.
4) In the view of liberals, states on the average benefit equally from
economic relationships.
Fill in the Blank
1)
see IPE as a .
2) A coordinating mechanism where buyers and sellers exchange goods and
services at prices determined by supply and demand is a .
3) A sovereign territorial unit is a .
4) When a market does not produce an optimal allocation of resources, we
refer to this as____________________.
Essay
1) Why is theory important in the study of IPE? Is it possible to study the
facts in IPE without theorizing?
2) How do hyperglobalists, internationalists, and moderate globalists differ
convincing, and why?
3) What do the East Asian NIEs, the BRIC economies and the LLDCs have
in common, and how do they differ from each other?
4) Discuss what you think would be the pros and cons of trying to develop a
single all-embracing theory of international political economy.