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According to Steger, many opponents of
globalization actually also represent it...
Osama Bin Laden -- seen wearing a foreign-made watch,
communicated globally with video, etc.
TERM 2
What is Stegers definition of globalization?
DEFINITION 2
The expansion and intensification of social relations and
consciousness across world-time and world-space
TERM 3
Steger thinks that globalization can be
understood as a solely economic
phenomenon. (T/F)
DEFINITION 3
False
TERM 4
(4) Steger (chapter 2) effectively describes
the history...
DEFINITION 4
AfricacitiescivilizationsMesopotamia, Egypt, and China
(Roman Empire & Han Dynasty)religiousBuddhism and
Christianity
TERM 5
Friedman, in a complementary distinction,
identifies three types of globalization...
DEFINITION 5
1.0: countries (1490-1800s)2.0: industries/ companies (
- 2000)3.0: individuals (2000 - present)
What are the four key characteristics of
McDonaldization?
EfficiencyCalculabilityPredictabilityNon-human Technology
TERM 7
Steger distinguishes four basic dimensions of
globalization. Be able to name these.
DEFINITION 7
Creation of new and multiplication of existing social
networks and activities
Expansion and stretching of social relations
Intensification and acceleration of social exchanges and
activities
Compression of the consciousness into a unified space and
time
TERM 8
The key event in the economic dimension of
globalization was...
DEFINITION 8
Bretton Woods -- New Hampshire 1944World Bank,
International Monetary Fund, General Agreement on Tariffs
and Trade
TERM 9
Post BW, what 3 factors have stimulated
further changes in economic globalization?
DEFINITION 9
Internationalization of trade and financeIncreased power of
transnational corporationsEnhanced role of international
economic organizations
TERM 10
What is the Washington Consensus?
DEFINITION 10
Term coined in 1989 to describe a set of economic policy
prescriptions that should constitute the "standard" reform
package promoted for developing countries by IMF, World
Bank, and US Treasury.
One of the key features of the modern period
is structural differentiation in culture...
Cannot separate religion, art, economics, etc.
TERM 17
Explain European, American, and Chinese
views of what globalization is and should be.
DEFINITION 17
European:Strong social justice and weak market orientation;
transnational/ international law; multiteralism military and
economic powerAmerican:Strong market and weak social
justice orientation; committed to military
dominanceChinese:Developmental justice; re-affirmation of
national sovereignty; national assertion
TERM 18
Which of the following is the best definition
for capital in the economic sense?
DEFINITION 18
Wealth capable of being used to produce more wealth
TERM 19
What are the three basic historical forms of
capitalism?
DEFINITION 19
Industrial, Merchant, Financial
TERM 20
Which of the following is NOT associated with
industrial capitalism?
DEFINITION 20
Investment in fixed capital
To a lesser extent than others, financial
capitalism uses money to make (T/F) money.
False
TERM 22
Be able to give a succinct definition of
capitalism.
DEFINITION 22
The investment of money in order to gain/make more money
TERM 23
The divorce of production and consumption in
industrial capitalism is one aspect of...
DEFINITION 23
disembedding
TERM 24
Capitalism originated many times in human
history and at many points on the globe (T/F)
DEFINITION 24
False
TERM 25
(9) The origins of capitalist production in
Britain... (T/F)
DEFINITION 25
True
Name and describe at least three senses in
which capitalism has been globalized.
Manufacturing (goods) - as a result of transport
Teleworking (of services) - as a result of communication
Tourism - from ecotourism to sex tourism
Agriculture - Engineering of nature
Money - From Bretton Woods to present
TERM 32
What are the four myths about the
globalization of capitalism?
DEFINITION 32
Global capitalism is new
Capital circulates globally
Capitalism now organized globally - *nationally
differentiated
Capitalism "integrates" the world - *rich/poor divide
TERM 33
Who is the economist with the description of
capitalism as creative destruction?
DEFINITION 33
Joseph Schumpeter
TERM 34
Adam Smith: Born and lived
where?
DEFINITION 34
Scotland 1723-
TERM 35
Adam Smith: Two basic works?
DEFINITION 35
Theory of Moral SentimentsWealth of Nations
Adam Smith: Most important for us? Published
when?
Wealth of Nations (1776)
TERM 37
Wealth of nation depends on what?
DEFINITION 37
labor, land, capital (money, machines)
TERM 38
Adam Smith: Effect of labor depends on what
two factors?
DEFINITION 38
Skill in applicationNumber employed in useful labor
TERM 39
Story of pin manufacture illustrates what?
DEFINITION 39
The importance of the division of labor
TERM 40
How does what pin manufacture illustrate
contribute to technological progress?
DEFINITION 40
Invention of machines for very simplified tasks
Karl Marx: Met whom in 1844 at the Caf de la
Rgence, in what city?
Engels, Paris
TERM 47
Communist Manifesto commissioned by what
and written when?
DEFINITION 47
Communist League, 1848
TERM 48
1848 revolutions where?
DEFINITION 48
Paris, Budapest, Milan, etc.7 declarations of independence,
changes in government, etc.
TERM 49
What happens to these [1848] revolutions?
Where does Marx go as a result?
DEFINITION 49
All revolutions failedMarx flees to London
TERM 50
Relationship between capitalists and
bourgeoise?
DEFINITION 50
The burgeoise are capitalists
What is class struggle? Its significance or
importance in history?
Struggle between a group in power and those that want
powerHas been present in all written history
TERM 52
Difference between class struggle in 1800s
and in the past?
DEFINITION 52
Larger working class - majority of rebellion
TERM 53
Karl Marx: Class struggle relation to
globalization?
DEFINITION 53
Working class will extend national boundaries -- common
bond
TERM 54
Karl Polanyi: Nationality? Places Lived?
DEFINITION 54
Hungary-> England -> Canada -> U.S.
TERM 55
Karl Polanyi: Title of his major work? What is it
basic thesis?
DEFINITION 55
The Great TransformationThe creation of market economy
introduces an instability to living a truly human life
Max Weber: Relation of Marx?
One of three (with Marx) founders of sociologyIdealists and
historical tradition
TERM 62
Max Weber: Basic problem to be studied in
his book?
DEFINITION 62
Northern Germany - Industrial (Protestants)Southern
Germany - Agricultural (Catholic)Why is that?
TERM 63
Capitalism for Weber is different than for
Fulcher? (T/F)
DEFINITION 63
True
TERM 64
Reformation freed people from control by
religion? (T/F)
DEFINITION 64
True
TERM 65
What is asceticism? (other-worldly asceticism
vs. this-worldly asceticism)
DEFINITION 65
Self-denial; austerityOther-worldly: Practiced to achieve
otherworldly endsThis-worldly: Practiced to achieve worldly
ends
What is John Wesleys proposed solution to
ascetiscism?
Donate money
