CW Quiz
CW Quiz
MIDTERM EXAMINATION IN
THE CONTEMPORARY WORLD
Directions: Write T if the statement is TRUE, and write F it otherwise. Write your answer on the space provided at the
left side of the test paper.
Directions: Choose the letter of the correct answer and write it on the blank provided at the left side of the test paper.
He is the former President of the Third World Network in Malaysia, who once regarded
___A____1. globalization as colonization.
a. Martin Khor c. Friedrich Engels
b. Benedict Anderson
___A____2. In 1996, he said that globalization is a world of things that have different speeds, axes, points of
origin and termination and varied relationship to institutional structures in different regions,
nations, and societies.
a. Arjun Appdurai c.Manfred Steger
b. Robert Cox
___C____3. He asserted that globalization is the debate and the debate is globalization.
a. Manfred Steger c. Cesare Poppi
b. Robert Cox
___C____4. He described globalization as the the EXPANSION and INTENSIFICATION of social relations and
consciousness across the world-time and across world-space.
a. Arjun Appdurai c. Manfred Steger
b. Matin Khor
___A____5. In the metaphors of globalization, it refers to the barriers that prevent or make difficult the
movement of things. It can be natural or man-made.
a. Solidity c. plasmic
b. Liquidity
___A____6. In the metaphors of globalization, it refers to the increasing ease of movement of people, things,
information, places in the contemporary world.
a. Liquidity c. plasmic
b. solidity
___B____8. Ritzer (2008) claimed that the contemporary world is undergoing the process of ___________. It
involves the spread of rational system such as efficiency, calculability, predictability and
control.
a. Jollibeezation c. MangInasalization
b. McDonaldization
___A____9. In contrast to glocalization, it is the process wherein nations, corporations impose themselves on
geographic areas in order to gain profits, power.
a. Hybiridization c. Integration
b. Grobalization
___C____10. In the globalization theories, Heterogeneity pertains to the creation of various cultural practices,
new economies and political groups. It refers to the differences or hybrids or combination of
culture.
a. homogeneity c. heterogeneity
b. mixture
___C____11. In the dynamic of local and global culture, it emphasizes the fact that cultures are essentially
different and are superficially affected by global flows.
a. Cultural hybridization c. Cultural Differentialism
b. Cultural convergence
___A____12. In the dynamic of local and global culture, this approach emphasizes the integration of local and
global culture.
a. Cultural hybridization c. Cultural Differentialism
b. Cultural convergence
___A____13. He believed that the economic crises occur not when a country does not have enough money, but
when money is not being spent and, thereby not MOVING.
a. John Meynard Keynes b. Francis Fukuyama
c. Jos Raadschelders
___C____15. It is referred to as the decline in the economic growth and employment takes place alongside a
sharp increase in prices.
a. Inflation b. Stagnation c. Stagflation
b.
III. IDENTIFICATION. Write your correct answer on the blank provided before each number. 2pts for every correct
answer.
FLOWS 1. It refers to the movement of people, things and information brought by the
growing “porosity” of global limitations.
HOMOGENEITY 2. In the globalization theories, it refers to the increasing sameness in the world as
cultural inputs, and political orientations of societies expand to create common
practices, and similar forms of government.
BRETTON WOODS 3. This agreement was negotiated in July 1944 to establish a new international
AGREEMENT monetary system. The Agreement was developed by delegates from 44
countries at the United Nations Monetary and Financial Conference.
NEOLIBERALISM 4. It is a policy model—bridging politics, social studies, and economics—that seeks
to transfer control of economic factors to the private sector from the public
sector. It tends towards free-market capitalism and away from government
spending, regulation, and public ownership.
INTERNATIONAL 5. Identify the two important organizations which were created under the Bretton
MONETARY FUND Woods Agreement. (5-6)
THE WORLD BANK 6.
JOHN MAYNARD 7. Who are the two primary designers of the Bretton Woods System? (7-8)
KEYNES
HARRY DEXTER WHITE 8.
FRIEDRICH HAYEK 9. They argued that government’s practice of pouring into their economies had
MILTON FRIEDMAN 10. caused inflation by increasing the demand of goods without the increasing
supply. (9-10)