SCC Globalization 3

Question 1

Which international institution was created after World War II to promote global financial stability and is often criticized for imposing structural adjustment programs on developing nations?

Accepted Answer

International Monetary Fund

Answer

The IMF has been criticized for attaching conditions like austerity measures and privatization requirements to loans given to developing countries.

Question 2

Arjun Appadurai's concept of 'scapes' (technoscapes, finanscapes, mediascapes, etc.) argues that globalization is best understood as:

Accepted Answer

A series of disjunctive, irregular flows across nations

Answer

Appadurai argued that global flows of technology, finance, media, ideas, and people are uneven and create complex, unpredictable landscapes.

Question 3

Which sociological concept explains how environmental problems such as pollution cross national borders and cannot be solved by individual nations alone?

Accepted Answer

Risk society

Answer

Ulrich Beck's 'risk society' argues that manufactured risks like pollution and climate change are global and bypass traditional political boundaries.

Question 4

Which economic policy, associated with globalization, advocates for free markets, privatization, deregulation, and reduced government spending?

Accepted Answer

Neoliberalism

Answer

Neoliberalism, promoted by institutions like the IMF and World Bank, became the dominant global economic ideology from the 1980s onward.

Question 5

The concept of 'commodity chains' in globalization refers to:

Accepted Answer

The sequence of production, distribution, and consumption linking countries

Answer

Commodity chains trace how a product moves through various countries for raw materials, manufacturing, and retail before reaching the final consumer.

(SCC) Sociology Certificate Course Practice Test

(SCC) Sociology Certificate Course Practice Test

SCC Globalization 3