84
Chapter 12
Current Trends in the Global Political Economy
Multiple-Choice
1) The theorists who are most skeptical that globalization has increased are
a) historical materialists.
b) neomercantilists.
c) interventionist liberals.
d) orthodox liberals.
2) The civil society organizations most committed to embedded liberalism
are
a) rejectionist.
b) conformist.
c) transformist.
d) reformist.
a) Russia.
b) the United States.
c) China.
d) India
4) China has become single-country
a) merchandise exporter and manufacturer.
b) services trade exporter.
c) source of FDI.
d) economy.
5) The soft loan arm of the World Bank Group is the
a) IDA
b) IBRD
c) MIGA
d) IFC
True-False
1) Income disparities among countries have declined over the last 20 years.
2) Researchers have found conclusive evidence of a linkage between
migration from LDCs on the one hand, and increased unemployment of
semi-skilled and unskilled workers in LDCs on the other.
3) Liberals often recognize that globalization may contribute to inequality in
the short term.
4) The WTO has been more successful than the informal GATT in
conducting multilateral trade negotiations.
5) Despite its economic problems, the United States continues to rank first in
global competitiveness according to the Global Competitiveness Report.
86
Fill in the Blank
1) Gramscian theorists argue that globalization is leading to the development
of a __________________________ composed of MNCs and international
banks, business groups, and economic organizations.
2) The 1987 Montreal Protocol on Substances that Deplete the Ozone Layer
has resulted in significantly reduced production of _________________.
3) The first round of WTO multilateral trade negotiations is the
________________.
4) The IMF and World Bank developed overlapping functions when they
both responded to the 1980s foreign debt crisis by providing
_______________________ to LDCs.
5) The UN has identified 49 _______________________ that have
extremely low per capita incomes, literacy rates, and shares of
manufacturing.
Essay
1) What are the competing views of theorists regarding the effects of
globalization on the environment?
2) What are the prospects that Japan, the EU, China, or India could replace
the United States as global hegemon?
3) What are the possible effects of globalization on inequality, poverty, and
democracy?
4) What are the KIEOs, and how successful have they been in dealing with
global economic problems?
5) What are the competing views of theorists regarding global energy
interdependence?