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C.World

FA4

QuestionAnswer
[T/F] Organization A is composed of South American countries and they are responsible for setting price standards for gold found in South America. Organization A is an example of a commodity or industry-specific organization. True
[T/F] The target date for UN members to accomplish the Millennium Development Goals is 2030. False
[T/F] Typical examples of transnational issues under the governance of the economy and globalization categories are climate change, ocean pollution, extinction, biodiversity loss, and nuclear risks. False
Foreign exchange earnings in the Global North depend heavily on primary product/raw material exports. False
The IMF is governed by and accountable to the 189 countries that make up its near-global membership True
There are five categories of transnational issues discussed in Module 9. True
The modernization theory suggests that all societies progress through a similar pattern of development. This implies that all underdeveloped countries will become developed eventually. True
Before the Millennium Development Goals were created, there were the Sustainable Development Goals. False
Development funds and banks are concerned with a specific shared resource. Their scope only goes as far as that shared resource is involved. False
International financial institutions (IFIs) play a major role in the social and economic development programs of nations with developing or transitional economies. This role includes advising on development projects, funding them and assisting in their True
The international monetary system is the system of exchange rates and international payments that enable countries (and their citizens) to transact with each other. True
In the economic surveillance function of the IMF, it works with governments around the world to modernize their economic policies and institutions and train their people. This helps countries strengthen their economy, improve growth and create jobs. False
Population-wise, the Global North has more people than the Global South. False
Around 90% of manufacturing industries are owned and located in the Global South. False
Goal number 1 of the SDGs is “partnership for the goals.” False
Commissions and agencies managing shared resources are concerned with a specific type of commodity. Their scope only go as far as those commodities are involved. False
Intergovernmental organizations have a lot of power to enforce compliance. However, their scope is very limited based on their membership as not many nation-states want to surrender their sovereignty. False
The political and institutional governance category (of transnational issues) refers to territorial rights, privileges, and powers. True
The environmental governance and management of the planet category (of transnational issues) refers to transnational issues that threaten to destabilize the global economy and/or bring about damages through globalization. False
Based on World Bank standards, a country's GDP per capita must not go below $7,000 for it to be classified as developed. False
Jack is a talented footwear designer. Instead of using his talents to contribute to the development of his poor country, he leaves for the United Kingdom to give himself a better future. This contributes to the brain drain in Jack's destination country. False
There are a total of 8 goals under the Sustainable Development Goals False
Approaches to development have focused on economics for a long time until the human development theory was developed. True
The human development theory is a people-based theory. True
One of the shared goals of IFIs states: to support sustainable political, cultural and environmental development. False
One of the shared goals of IFIs states: to reduce global poverty and improve people's living conditions and standards. True
Organization E is in-charge of setting standards for the transportation manufacturing industry in Eastern Europe. Organization E is an example of a commodity or industry-specific organization. True
The three global organizations playing major roles in international economic relations are: the IMF, the World Bank, and the ASEAN. False
Global governance is a movement towards independent action among transnational actors. False
Globalization has given rise to transnational issues or issues that a single government can effectively address by itself. False
The dependency theory suggests that some countries are underdeveloped because they possess certain characteristics that make it difficult for them to develop or prevent them from developing at all. This being the case, these countries are forced into a True
Population-wise, the Global South has more people than the Global North. True
Country B achieves significant economic growth and environmental sustainability. However, they have yet to achieve social development. This already qualifies as sustainable development. False
The post-development theory is a meta-theory. True
A simple way to describe an IFI is that it is a bank that operates at the international level that performs the function of aiding developing countries to achieve social and economic development. False
Commodity or industry-specific organizations are concerned with a specific type of commodity. Their scope only go as far as those commodities are involved. True
The World Bank is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. False
The World Bank is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. True
Continental governance, in principle, should create a world government, i.e. a common political authority for all of humanity, giving way to a global government and a single state that exercises authority over the entire world. False
War between two countries is a transnational issue. True
The Global North only includes countries found in the Northern Hemisphere. False
In sustainable development, there has to be a balance between social development, economic development, and the environment. Focusing on just one or two will not achieve sustainable development. True
Post-development theory suggests that standards for development were established and defined by Western societies and therefore have some incompatibilities with Eastern societies. True
Country C achieves social development and environmental sustainability. However, they have yet to achieve economic growth. This already qualifies as sustainable development. False
A simple way to describe an IFI is that it is a bank that operates at the international level that performs the function of aiding developing countries to achieve social and economic development. True
A financial institution is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. True
Bank U is not an ordinary bank. Bank U involves itself in development projects to help refugees who have relocated to Europe. Bank U is an example of international trade agreements involving a few nations. False
In the capacity development function of the IMF, it works with governments around the world to modernize their economic policies and institutions and train their people. This helps countries strengthen their economy, improve growth and create jobs. True
The IMF's primary purpose is to ensure the stability of the international trading system. False
The Bank offers support to developed countries through policy advice, research and analysis, and technical assistance. False
Continental governance, in principle, should create a world government, i.e. a common political authority for all of humanity, giving way to a global government and a single state that exercises authority over the entire world. False
The Global North refers to developed countries. The Global South refers to developing and underdeveloped countries. True
Foreign exchange earnings in the Global North depend heavily on primary product/raw material exports. False
Sustainable development is development that meets the needs of the present without any regard for the ability of future generations to meet their own needs. False
Modernization theory, structuralism theory, dependency theory, the basic needs model, and the neoclassical growth theory are all economics-based theories. Group of answer choices True True
Generally, development is seen as the manifestation of growth, progress and positive change. True
One of the shared goals of IFIs states: to promote regional cooperation and integration. True
One of the shared goals of IFIs states: to support sustainable economic, social and institutional development. True
Commissions and agencies managing shared resources are concerned with a specific shared resource. Their scope only goes as far as that shared resource is involved. True*
The governance of science, education, information, and communications category (of transnational issues) refers to transnational issues involving nature. As a species, we are doing a lot to damage the environment and things are getting out of hand in False
The brain drain happens when all the skilled, knowledgeable, and talented people of one country choose to stay within that country. False
The Global North and the Global South are divided by the Brandt Line. True
Dependency theory suggests that as long as the citizens of a territory are able to provide for their basic needs, it is enough to say that territory is developed. False
The human development theory states that countries will always experience a steady economic growth as long as they have labor, capital, and the appropriate technologies. Development in this regard is determined by how well you possess those three. False
Dependency theory suggests that certain territories are underdeveloped because they exist in a system that does not allow them to develop any further due to a lack of appropriate resources. However, these underdeveloped territories can still achieve True
Created by: AdoKwatro
 

 



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