Yu Contemporary Prelim

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1
The process through which nations, businesses, and individuals become increasingly connected and interdependent across national boundaries.
Globalization
2
The concept where nations are linked, compared to when they structurally rely on one another.
Interconnectedness vs. Interdependence
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The ancient trade route that connected Asia, Europe, and Africa during the early phase of globalization.
The Silk Road
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Improved manufacturing and transportation like steamships and railways facilitated early global connections during this period.
The Industrial Revolution
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A digital economy, e-commerce, instant communication, and global cooperation on shared crises characterize this era.
Contemporary globalization
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The integration of national economies through international trade, foreign direct investments, and global supply chains.
Economic globalization
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Sovereignty concerns and the unequal influence of wealthier nations represent this type of challenge for individual nations.
Primary political challenge of globalization
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The process where local traditions are diluted and absorbed into a uniform global culture.
Cultural homogenization
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The systemic gap and unequal access to technology and information between different regions or populations.
Digital divide
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The two primary economic pillars of globalization within the Philippines.
Business Process Outsourcing (BPO) industry and Overseas Filipino Worker (OFW) remittances
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The departure of highly educated or skilled professionals to seek better-paying jobs abroad.
Brain drain
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The reduction or removal of tariffs and trade barriers to encourage international commerce.
Trade liberalization
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A historical process of increasing interaction among people, societies, and governments across national boundaries.
Globalization
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The time period of Before 1500 CE is associated with this phase of globalization.
Ancient Globalization
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The trade route that connected China, Central Asia, the Middle East, and Europe.
The Silk Road
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Silk, tea, spices, gold, glass, and paper were among the goods traded on this historical route.
The Silk Road
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Religions (Buddhism, Christianity, Islam), science, and technology were spread alongside goods via this ancient network.
The Silk Road
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The 15th–17th Century marks this historical period of global connection.
Age of Exploration
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The search for spices and access to wealth was a primary reason for this 15th-century movement.
European exploration
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Ferdinand Magellan, Christopher Columbus, Vasco da Gama, or Bartolomeu Dias are major figures from this era.
Age of Exploration
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The transfer of plants, animals, diseases, and technologies between the Americas, Europe, Africa, and Asia.
Columbian Exchange
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Potatoes, corn, tomatoes, and cacao are examples of these.
Crops that came from the Americas to Europe
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Animals introduced to the Americas from Europe
Horses and cattle
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The historical event that transformed globalization during the 18th and 19th centuries.
The Industrial Revolution
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The invention that served as a key technological catalyst for the Industrial Revolution.
The steam engine
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Urbanization and labor migration were major social effects of this period.
The Industrial Revolution
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The period when Modern Globalization significantly accelerated.
The 20th Century, following the Second World War
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The international organization created in 1945 to foster cooperation.
The United Nations (UN)
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The primary driver of 21st-century Digital Globalization.
Information and communication technologies (ICT)
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Artificial intelligence, social media, and e-commerce are characteristics of this.
Digital Globalization
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The integration of national economies through trade, investment, and global supply chains.
Economic Globalization
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Cooperation among governments to address international concerns like climate change and security.
Political Globalization
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The dimension of globalization that allows for instant communication across continents.
Technological Basis
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The global popularity of Korean culture (K-pop) or Japanese anime are examples of this.
Cultural Globalization
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The historical trade link that connected Asia, the Americas, and Europe through the Philippines (1565–1815).
The Manila–Acapulco Galleon Trade
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The modern industry in the Philippines that is a major product of globalization.
The Business Process Outsourcing (BPO) industry
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Brain drain and environmental pressures are major challenges of globalization for this country.
The Philippines
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The processes, institutions, laws, agreements, and organizations that facilitate cooperation among states and non-state actors in managing global issues.
Global governance
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A system that relies on collaboration, international law, and shared decision-making rather than a single central authority.
Global governance (as opposed to a world government)
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Cooperation among sovereign states, shared responsibility, rule-based decision-making, and respect for international law are key characteristics of this.
Global governance
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Global challenges (climate change, pandemics, terrorism) cross national borders and cannot be solved by individual states alone
The reason global governance is necessary today.
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An early example of international cooperation established in 1815.
The Congress of Vienna
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The organization created after World War I to prevent future wars but which faced significant limitations.
The League of Nations
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The major institutions created after World War II to promote peace and economic stability.
The United Nations (UN), International Monetary Fund (IMF), World Bank, and General Agreement on Tariffs and Trade (GATT)
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Promoting international peace and security, protecting human rights, coordinating humanitarian assistance, and supporting sustainable development.
United Nations (UN)
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The global institution that provides financial assistance to countries experiencing economic crises.
The International Monetary Fund (IMF)
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The global institution that focuses on reducing poverty, financing infrastructure projects, and improving healthcare.
The World Bank
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Regulating international trade, resolving trade disputes, reducing trade barriers, and promoting fair competition.
World Trade Organization (WTO)
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Association of Southeast Asian Nations (ASEAN), European Union (EU), African Union (AU), and Asia-Pacific Economic Cooperation (APEC) are examples of these.
Regional organizations
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Promoting economic growth, facilitating international trade, encouraging investment, reducing poverty, and maintaining financial stability.
Main objectives of global economic policies
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The reduction of tariffs, quotas, and other trade barriers to encourage international commerce.
Trade liberalization
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Increased competition for local industries, dependence on imports, and risk of unemployment in uncompetitive sectors.
Challenges of trade liberalization
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When foreign companies invest in businesses or industries in another country.
Foreign Direct Investment (FDI)
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Profit repatriation, dependence on foreign capital, environmental concerns, and market dominance by multinational corporations.
Potential risks of Foreign Direct Investment (FDI)
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Grants, loans, and technical support provided to developing countries for areas like education, healthcare, and agriculture.
International development assistance
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Strengthening regional trade, tourism, education, and labor mobility is how the Philippines benefits from this organization.
ASEAN (Association of Southeast Asian Nations)
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The issue where powerful countries often have greater influence over international decision-making.
Unequal representation in global governance
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The challenge arising when countries resist international agreements because they believe it limits their independence.
National sovereignty (in the context of global governance)
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The framework that provides shared goals for addressing poverty, environmental protection, health, and inclusive economic growth.
Sustainable Development Goals (SDGs)
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