GE 03 MIDTERM EXAM

Name: ___________________________________________ Score: ______________

Course/Year/Section: ________________________________ Date: _______________

A. Directions: Write the word True if the Statement is correct and write False if the statement is
wrong. Write your answer on the space provided before the item.

1. _________1. According to Ohmae (1992), Globalization means the onset of a world without
borders.
2. According to Larsson (2001), Globalization is the process of world shrinkage, distances getting
shorter, and things moving closer.
3. Globalization is bad for economy.
4. It can attract foreign investment is one of the advantages of trade liberalization.
5. Taxes imposed on exporter countries may increase government revenues is one of the
disadvantages of protectionism.
6. For Wallerstein, "a world-system is a social system that has boundaries, structures, member
groups, rules of legitimation, and coherence.
7. From the viewpoint of Ray Kiely and Phil Marfleet (1998), Globalization is a
situation wherein societies, cultures, politics, and economics have, in some
sense, come closer together.
8. Small countries does not have the tools to be a powerhouse in terms of
globalization.
9. Encourages the exportation of national products which may expand their products globally is
one of advantages of protectionism.
10.World System Theory: this theory believes that capitalism has spread around the world for the
last five centuries from 1500 to the present.

B. Multiple choice: Select the best answer to the following multiple-choice questions.
Encircle your answer. (2 pts each)

1. It refers to the barriers that may prevent free movement and it can be natural or man-
made. It may also refer to people, things, information, and places “harden “over time
and therefore have limited mobility.
a. Liquidity c. flows
b. Solid d. globalization

2. It refers to the movement of people, things, ideas, and culture across the globe due to
the advances in technology, economic and political integration, and establishment of
global policies that lessens and eliminates the existing borders.
a. Flows c. solid
b. Liquidity d. economy
3. It refers to increasing ease of movement of people, things, information, and places in
the global age.
a. Economy c. liquidity
b. Solid d. flows
4. Which of the following is not included in interconnected dimensions of Economic
Globalization?
a. Goods and Services c. Technology
b. Capital Markets d. Non-governmental Organizations

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 5. People who are against the utility of globalization as an incorrect analytical concept.
a. Rejectionist c. modifiers
b. Sceptics d. consumers

C. ENUMERATION. List down what are being asked on each of the following item.
1-5 Degree of Economic Integration (Levels of Economic integration)

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6-9 Types of Global Corporations
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10- 14 THE FIVE PERSPECTIVES ON THE ORIGIN OF GLOBALIZATION
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15-17 THEORIES OF GLOBALIZATION
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18-20 THREE PERSPECTIVES IN GLOBAL CULTURAL FLOW
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D. ESSAY (10 PTS)
Write a brief description on how you understand this message from Nestor Kirchner about
globalization. “We must create a kind of globalization that works for everyone… and not just for
a few”

“TRUST YOURSELF, YOU KNOW MORE THAN YOU THINK YOU DO”
-Benjamin Spock

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Transforming Communities through Science and Technology Email: neust.mgt2008@gmail.com
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