Globalization

Question 1

Globalization

Answer 1

A process by which diverse communities are incorporated into a common society.

Question 2

Transnational Corporation (TNC)

Answer 2

A company or business that establishes facilities overseas. Are based on local need. (Mcdo making ‘Filipino style’ spaghetti)

Question 3

Multinational Corporation (MNC)

Answer 3

A foreign-owned company whose products or services are not based on local need. (Coca-cola)

Question 4

He mentioned that forms of globalization had emerged in the past, and that the present globalization is the highest form and fastest cycle.

Answer 4

Jan Aart Scholte

Question 5

An organization founded in 1960 by Iran, Iraq, Kuwait, Venezuela, and Saudi Arabia to promote the development of the oil industry worldwide.

Answer 5

OPEC (The Organization of the Petroleum Exporting Countries)

Question 6

He emphasized that there is a definite beginning of globalization.

Answer 6

Goran Therborn

Question 7

Hypothesized that globalization is a manifestation of human desire to improve economic necessities.

Answer 7

Nayan Chanda

Question 8

This treaty was intended for better supportive measures against any external threats to the Philippines and the USA alongside their other interests in the Asia-Pacific region.

Answer 8

Mutual Defense Treaty

Question 9

It was a defense organization that aimed to respond to the threat of Soviet Union to the United States and other Western European countries.

Answer 9

NATO (North Atlantic Treaty Organization)

Question 10

This agreement allows the Philippines and the USA to promote joint scientific investigations and capacitate relationships between their respective scientific insitutions and communities for common goals.

Answer 10

Philippines-United States Science and Technology Agreement