Quiz Answers
Preston curves show that 'wealthier is healthier' up to what approximate level of national income per person? 9
$40,000
The Occupy movement was linked to which of the following in political spirit (choose as many options as you think are correct)
- Indignados movement in Spain - Arab Spring uprisings -Factory Occupations in Latin America
The GATT was 6
- intended to coordinate global trade rules - nicknamed the "General Agreement to Talk and Talk," because it resulted in many conferences and few concrete agreements - instrumental to the eventual formation of the World Trade Organization (WTO)
Which 2 of the following big banking and financial TNCs collapsed conspicuously amidst the 2007-8 global financial crises
-AIG -Lehman Brothers
With increased economic globalization, women worldwide have experienced which 2 of the following 4 results? 4
-Continued employment in the informal economy -Continued pressure to do unpaid work like cleaning and child care
Which of the following is NOT a myth of Globalization? (choose 2) 2
-It has intensified global integration effects -It has increased inequality within countries
TNC food companies and retailers are implicated in the global spread of 9
-NCDs -new influenzas -obesity
Which of the following types of organizations enforce, authorize, enable and expand neoliberal norms of market rule? 7
-National governments -Intergovernmental organizations -Non-government organizations
Which 2 of the following are examples of health worker recruitment companies with transnational reach 9
-O'Grady Peyton International -Allied Health
Why is the Bretton Woods Conference important to understanding global finance? 5
-The conference set the basic rules for global economics for the post-WWII era. -The conference pegged the dollar to the price of gold, establishing it as a global reserve currency -Bretton Woods created the IMF and World Bank, two international financial institutions that remain globally influential today
According to Introducing Globalization, what are the two main ways of understanding globalization? (Choose 2) 1
-a name for the compound effects of global integration -a buzzword and term of political speech used to make arguments about political-economic reforms
The concept of "governance" includes: 7
-global institutions such as the World Bank and World Health Organization -religion, education, and even dating and sex guides -all forms of social institutions and relations that shape our personal behavior -the role played by modern nation-states in government
David Harvey argues in his BBC Hard Talk interview that compound annual capitalist growth globally of 3% is necessary for capitalism to keep going but also 8
-unsustainable ecologically -unsustainable politically -unsustainable socially
A high Gini coefficient showing high levels of income inequality in a country is something higher than 4
0.3
In the context of NAFTA, Chapter 11 refers to 6
A NAFTA provision that gives TNCs the right to sue governments to prevent any laws that are "tantamount to nationalization"
A key part of "harmonization" is the idea of "Most Favored Nation" (MFN) status, which is described by which of the below: 6
A country agrees to give all countries it trades with the same privileges as it provides to the trade partner that is its "Most Favored Nation."
A key part of "harmonization" is the idea of "National Treatment," which means 6
A country must treat imported goods in the same manner that it treats domestically manufactured ("national") goods
The following are all examples of credit-ratings firms EXCEPT 8
Accenture Ratings
The biggest global legal firms that routinely have their lawyers working outside of their headquarters country are mainly 6
American and British
Who who thinks that if we refuse to buy what corporations sell the corporate revolution will collapse? 2
Arundhati Roy
An alternative to the Washington Consensus that is widely associated with the Grameen Bank has been called the 5
Bangladesh Consensus
The following are all good examples of geographical enclaving EXCEPT 8
Bike lanes
"What am I going to do about it? Nothing. I'm only the President of the United States. I can't do anything about these companies." Who is reported by Susan George to have said this? 7
Bill Clinton
BID stands for 8
Business Improvement District
The name of a drug company that has led the way in manufacturing cheap generics of life saving medicines 9
CIPLA
In global health debates, CLD stands for 9
Commercial Living Donors
According to the advert in Heathrow airport referenced in the textbook, business travelers tend to look at the whole world as a set of 2
Customers and Opportunities
Anil Gupta thinks that inequalities and asymmetries in wealth in China are decreasing 8
F
Anil Gupta thinks that western TNCs will do better adapting to the massive development opportunities in India and China if they take what works for them in the big cities of these countries and apply it everywhere else. 8
F
Competitive rankings now function across a broad set of social relations to guide behavior in ways that depart radically from the market-mediated developments of neoliberal governmentality. 7
F
Credit ratings agencies are only economic institutions that deal with risk accounting and have no effect on governance 7
F
Fire in the Blood illustrates the ways in which pharmaceutical companies expand access to medicines through a global patent protection system 9
F
Global interdependencies always lead to equal outcomes at both 'ends' of the global ties of integration, and, as a result, globalization rapidly reduces global asymmetries and inequalities. 1
F
In the real world of TNC planning, logistics and cost-benefit calculations managers find it useful to assume the planet is a borderless level playing field. 2
F
NGOs are completely different to TNCs and involve none of the same executive hierarchies, international divisions of labor and market-intermediaries. 7
F
Newt Gingrich and his Republican Contract with America argued against neoliberalism 2
F
Shared human vulnerability in the face of diseases that easily cross international borders has historically helped bring humanity together with common purpose in shared efforts at disease control 9
F
TNCs are always just as mobile and globally omnipresent as they suggest in their self-representations. 1
F
Thanks to new investments in biological citizenship in rich countries, health workers are now migrating to poor countries 9
F
The end of Bretton Woods system in 1971 is associated with greater government regulation of global finance. 5
F
The neoliberal, free market does not need any new laws to be passed in order to exist and endure. It is all just about legal deregulation. 1
F
The scope of the US ATCA (Alien Tort Claims Act) law is not as global as the the global networks of TNCs. 6
F
The world's biggest polluter and the world's biggest per capita polluter are one and the same country 9
F
All the time that Chinese companies were producing goods more cheaply and exporting them at competitively low prices into global markets it had an inflationary effect on average global prices, making them go higher. 5
False
Global human rights law is just as advanced, entrenched and influential as global trade law. 6
False
NAFTA provides for transnational works councils among workers of the same TNC just like the EU 4
False
One example of the limits to the neoliberalization of governance introduced in the textbook is of the role of outsourcing by the US government to corporations and private contractors to wage war 7
False
Other things being equal a national currency will tend to fall in value when the national rate of inflation decreases 5
False
Other things being equal, a national currency will tend to rise in value when a country runs a trade deficit 5
False
Since about 1975 the US has NOT consistently had a large balance of payments deficit 5
False
TNCs are not influenced by the national context in which they are head-quartered precisely because they are transnational. 7
False
Which of the following is NOT a common way through which TNCs transnationalize their businesses? 3
Fordism
FDI takes all of the following forms EXCEPT?
Foreign portfolio investment
Which of the following agreement is NOT a WTO rule set designed to harmonize and reduce Non-tarrif Barriers (NTBs) to trade: 6
General Agreement on Tariffs and Trade (GATT)
The global value networks approach to studying TNCs and the ways they capture value draws on all of the following literatures and theoretical traditions EXCEPT 3
Global Ethical Values theory (GEV)
In the context of global health debates, GHI stands for 9
Global Health Initiatives
This person was the main US representative and lead negotiator at Bretton Woods 5
Harry Dexter White
The New Washington Consensus is associated with which of the following axioms? 9
Healthier is wealthier
Which of the following is NOT a global determinant of health based on the diagram on page 365? 9
Housing
Which of the following is NOT a good explanation of why TNCs go global? 3
Increasing their spending on travel
ICC - as it relates to international law - stands for 6
International Criminal Court
Which of the following is home to the smallest number of people 8
Israel
Although often difficult to implement in practice, the Doha Declaration allows for a limited carve-out option from TRIPS that enables countries to: 6
Issue an exception to patent law in a particular place for a set amount of time, in order to allow for cheap production of patented drugs to deal with public health crises
Which of the following is not a characteristic of capitalism? 3
It is a natural leveler of all inequalities
In Thomas Friedman's talk at Yale he uses the example of a politician criticizing the new business 'Benedict Arnolds' betraying America by outsourcing. Who was this politician referred to by Friedman? 2
John Kerry
According to Robert Wallace, globe-spanning farming TNCs play a vital role in creating the conditions in which new influenza viruses can evolve and enter new markets and farming communities most speedily. 9
T
Anil Gupta thinks that the geopolitical tensions between India and China will be reduced over time because of economic integration trends 8
T
Big commercial banking TNCs such as HSBC, Deutsche Bank and Citibank increasingly look on microfinance as a new business frontier worth exploring for maintaining their own financial futures 5
T
Commodity chains are a concept used to come to terms with the complete capitalist networks linking together every step in the process from the production of raw materials to the creation of component parts to the assembly of finished goods to the shipment and retailing of the goods to their purchase and final consumption and disposal. 1
T
Companies that have the capacity to coordinate and control operations in more than one country are TNCs. They include MNCs (multinationals) with overseas factories, retail outlets and workers, but they ALSO include companies that may outsource so much that do not own foreign factories nor directly employ foreign workers. 3
T
Counter-hegemonic resistance against market rule and market risk management remain possible 7
T
David Harvey argues that one significant sign that global capitalism has a major problem with finding new sites of profitable investment for surplus capital is the fact that business elites increasingly seek to make money as rentiers and speculators rather than as investors in productive industry. 8
T
Fordism, named after Henry Ford (who believed his workers needed to be paid enough to buy his cars), is used to describe a national approach to governing capitalism distinguished by the ongoing balancing of national mass production with national mass consumption. 1
T
Foreign competition and foreign opportunities made more and more TNCs go global from the 1960s onwards 8
T
In 2001 the top 1% of the world's income earners has the same income as the bottom 57% combined. 2
T
In Thomas Friedman's talk at Yale he argues that the whole debate over globalization hasn't even begun to catch up with the leveling dynamics that have made things like IMF conditionality and its problems irrelevant to fast-growing countries like India 2
T
In the movie Life and Debt, IMF and World Bank conditionalities are shown to end up forcing Jamaica to let in more foreign firms and cheap foreign goods into the country. 7
T
John Lennon's invitation to 'imagine there's no countries' was ironically put into practice best in the post-national pursuit of profit by post-Fordist TNCs in ways that depended systematically and globally on NOT following another invitation to 'imagine no possessions'! 8
T
Many NGOs create the same market-expanding and government-contracting practices that created the patchy service systems that led to the need for NGO intervention in the first place. 7
T
Many parts of many global cities are now increasingly governed by parastatals and other forms of privatized and corporate governance. 8
T
Matt Taibbi argues that The World is Flat is a book born of Friedman's stirring experience of seeing an IBM sign in the distance while golfing in Bangalore 2
T
NGOs report back to donors on the numbers of lives saved etc in ways that are increasingly structured by the same sorts of competitive dynamics and associated forms of innovative book-keeping we have come to expect in TNC earnings reports. 7
T
Neoliberalization dynamics connect risk management in some places with risk exacerbation in other places 9
T
One of the points that Matt Taibbi makes to highlight Friedman's orbital, business class perspective on the planet is that he is very rich thanks to marrying "the heir of one of the largest shopping-mall chains in the world" 2
T
PRSPs are very similar to SAPs in terms of imposing neoliberal conditionality, but the World Bank claims they involve more country ownership 7
T
Some of today's biggest TNCs can trace their origins back to imperial times, but others only began as MNCs in the mid twentieth century in order to get into foreign markets, and yet other TNCs have only emerged and gone global since the 1980s in an era that has seen both global outsourcing and offshoring at the same time.
T
The IMF and World Bank institutionalized the relations of American hegemony that were especially pronounced at the end of World War II 7
T
The post-Fordist global economy is characterized by new social and geographical divisions of labor that distinguish it from the Fordist combination of national mass production and national mass consumption. 1
T
The problem with the ultra rich - according to Robert Reich - is not that they spend too much on themselves, but rather that the spend too little thereby not creating enough consumer demand to drive the economy. 4
T
Margaret Thatcher believed in TINA and the case for neoliberal, free market reform because 1
TINA stood for There Is No Alternative
'Framework agreements' are now being created by global union federations for all the transnational operations and workers of what 4
TNC
Trade deals increase competition globally by allowing more mobility for 6
TNCs
The key agreement of the WTO that creates the possibility for TNCs to create monopolies based on patents is the 6
TRIPS
This index is an average of three ratios: foreign assets to total assets; foreign sales to total sales, and foreign employment to total employment; 3
Transnationality index
According to Hardt and Negri, the so-called 'Empire' of globalization is digging its own grave by creating a new global subject of revolution called the 'multitude'! 2
True
Biological citizenship represents a newly globalized form of health citizenship in which one's health depends more on the personal management of personal risk factors for disease and less on one's membership in a national body politic 9
True
Contemporary global market hegemony needs to be theorized as a result of traditional interstate patterns of international hegemony coming together with cultural forms of hegemony about market common-sense 7
True
Cross border regionalization dynamics illustrate how global city cosmopolitanism is as class exclusive as it is transnationally inclusive 8
True
Health and social problems are worse in more unequal societies 9
True
Looking at Globalization with a capital G means coming to terms with the work it does as a keyword or buzzword of political discourse. 1
True
One reason why the IBRD/World Bank tended to focus on loans for hard projects such as dams, roads and railways rather than soft loans on things like education and health was that it was subject from the start to the disciplinary market pressures of Wall Street financial firms, 7
True
Other things being equal a national currency will tend to rise in value when its national interest rates rise 5
True
Other things being equal, a national currency will tend to fall in value when the country's central bank sells the currency in significant amounts. 5
True
Other things being equal, a national currency will tend to rise in value when foreign investors believe that the country is a good place to invest 5
True
The transnational ties of TNC commodity chains and networks means that unions in a particular place sometimes have extraordinary leverage. 4
True
Today's TNCs go global for 2 main reasons: namely, seeking sourcing efficiencies, and seeking markets. When we speak about "sourcing efficiencies" in this way, the category includes both efforts to capture surplus value from cheaper labor inputs AND efforts to find more efficient ways of combining technology, infrastructure and educated workforces to create and capture value. 4
True
In Thomas Friedman's talk at Yale he uses the example of Nike outsourcing to a company for logistics that Toshiba also uses for repairs. This other TNC is 2
UPS
Who criticizes Thomas Friedman for reducing the world to the friends he visits, the CEOs he knows and the golf courses he plays at?
Vandana Shiva
Globally, which of these organizations do not mainly function to mediate transnational worker solidarity and union organizing? 4
World Trade Organization
Giuliani Partners and similar global city boosters see the best way of attracting TNCs and tourists as being based on 8
broken windows policing
A name for turning something that is not normally bought and sold into a commodity that has a price in a market 2
commodification
The grassroots globalization of law involves all of the following developments EXCEPT 6
constitutional originalism
Which of the following is NOT an example of where risk management in more privileged countries is tied to risk exacerbation in poor countries 9
drug patent pooling
In the movie No Logo,Links to an external site. Naomi Klein argues that what we are hearing on the streets in places like Seattle in 1999 3
is that people are against the logic that what is good for corporations is good for people
The "borderless world" is more of a reality for: 4
managerial elites
The global business class of trade lawyers, trade officials, financiers and economic experts on global trade are sometimes referred to as the new global 6
mercatocracy
MFI stands for 5
microfinance institutions
Which of the following is NOT a synonym for poor urban slums? 8
new towns
Choose the correct commodity chain stages and inputs from the following options: 3
raw materials - processed material - components - assembly - trading - product design - marketing - retail sales - consumption - servicing - recycling - disposal - pollution Inputs: workforce development - business services - infrastructure - capital equipment
Derivative trading is a defining feature of today's global financial system. Which of the following is NOT one of the three most common types of derivatives: 5
securities
The flip side of 'speculative urbanism' is 8
splintered urbanism
Each of the following is an example of spectacular urbanism under conditions of neoliberal globalization EXCEPT 8
superb public schools
The main way through which free trade deals work to increase transnational competition is through the removal of 6
tariffs
Which Amendment to the US Constitution is repeatedly used to make the case that Corporations have the same legal standing as persons? 6
the 14th
Which of the following is NOT an outcome of structural adjustment conditionality in Jamaica 7
the creation of rapid economic growth
According to Paul Farmer, the best antidote to the international blame games that develop around new infectious disease outbreaks is to create 9
trace global ties of intersecting causes and vulnerabilities
All of the following are human transformations of the global environment EXCEPT 9
underground coal and oil
Structural Adjustment Programs 5
were complex conditional loan & loan restructuring programs imposed by the IMF on poor nations struggling with debt
"The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe. It must nestle everywhere, settle everywhere, establish connexions everywhere. The bourgeoisie has through its exploitation of the world market given a cosmopolitan character to production and consumption in every country. To the great chagrin of Reactionists, it has drawn from under the feet of industry the national ground on which it stood. All old-established national industries have been destroyed or are daily being destroyed. They are dislodged by new industries, whose introduction becomes a life and death question for all civilised nations, by industries that no longer work up indigenous raw material, but raw material drawn from the remotest zones; industries whose products are consumed, not only at home, but in every quarter of the globe. In place of the old wants, satisfied by the production of the country, we find new wants, requiring for their satisfaction the products of distant lands and climes. In place of the old local and national seclusion and self-sufficiency, we have intercourse in every direction, universal inter-dependence of nations." This was authored by who to describe the look of globalization in the mid 19th century 8
Karl Marx and Fredrich Engels
The basic source of added value that lies at the heart of capitalist growth is: 4
Labor
"TNC law is introduced by stealth; the corporate objective is to replace our habitual legislative, judicial and even executive processes and functions with biased and arbitrary rules that favour maximum profits and capitalist expansion and are for all practical purposes irreversible" Susan George, 2015, page 150. Nuancing these claims by Susan George, Professor Sparke's TNC lecture suggests instead that TNCs constantly engage in 6
Leverage and lobbying
LIBOR stands for 5
London Interbank Offered Rate
Which of the following is not a sub-form of NGO mentioned in the book? 7
MGO
MBS stands for 5
Mortgage Backed Securities
If instantaneous global money flows come close to making the myth of global leveling seem true, does global governance make it seem like the myth of inevitability is true when it comes to the death of the nation-state? 7
N
Who argues that EPZs and shopping malls represent parallel forms of spatial enclaving at either end of global commodity chains 8
Naomi Klein
The 'Golden Straitjacket' is the metaphor Thomas Friedman uses to describe the policy rule set of 2
Neoliberalism
The globalization of law validates which of the three myths of globalization 6
None of these myths at all
NAFTA stands for 6
North American Free Trade Agreement
Which of the following was not one of the 8 MDGs 5
Provide universal health coverage for all
In Thomas Friedman's talk at Yale he mentions the example of Jet Blue reservations outsourcing to a company that employs stay at home workers in 2
Salt Lake City, Utah
Which of the following is NOT one of the five main forms of sovereignty listed in Chapter 7? 7
Schmittian sovereignty
19th century thinker John Stuart Mill believed liberal human rights could and should be upheld in Britain even as a double standard of illiberal violence was imposed on Britain's colonies, in a way that echoes strains of American exceptionalism today. 6
T
Atul Vashihtha of NeoIT described globalization as 2
a great equalizer
In the movie No LogoLinks to an external site., Naomi Klein argues that if you pick up a shoe today you have what in your hand?
a map of globalization
Money serves all of the following functions in globalized capitalism EXCEPT 5
a means of complete government control over banking TNCs
What is the best definition of a discourse, if we call Globalization a discourse? 2
a series of repeatable terms, arguments and images that link together systematically to shape the things they describe
Alter-globalization is an alternative term for 2
anti-neoliberalism
Thomas Barnett's argument that 'Disconnection Defines Danger', Thomas Friedman's 'Flat World', Kenichi Ohmae's 'Borderless World,' and Admiral Cebrowski's 'Network Centric Warfare' are all examples of 8
geoeconomics
In global carbon trading markets over the last decade the price to pollute with carbon into the atmosphere has been 9
going down
