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MULTIPLE CHOICE - A WORLD OF REGIONS 1. According to the IFIs and...

MULTIPLE CHOICE - A WORLD OF REGIONS


1. According to the IFIs and orthodox economists, the following were reasons the Asian Financial Crisis happened except: *


A. Due to poor policies


B. Weak governance


C. Corruption


D. Poor institutions


E. Adequate liberalization


2. Which type of regionalism is exclusive and tends to impose protectionist measures that result in restricted relations and limited access to member states' markets? 


A. Open regionalism


B. Close regionalism


C. Alternative regionalism


D. Asian regionalism


E. European regionalism


3. This type of regionalism reduces trade barriers, practices nondiscrimination principles, and allows openness in membership and economic flows. Thus, increasing trade opportunities and connections with other nations. 


A. Open regionalism


B. Close regionalism


C. Alternative regionalism


D. Asian regionalism


E. European regionalism


4. STATEMENT 1: Asians operate based on harmony and consensus rather than majority rule. STATEMENT 2: Democracy, individualism and political liberalism are all Asian traits. 


A. Both statements are true


B. Both statements are false


C. Only the first statement is correct.


D. Only the second statement is correct.


5. It sees the Asian region as a source of resistance to globalization or to global or Western powers. *


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization


6. Asian region as a source of a wide variety of cultural phenomena that have also spread outward to the West and the rest of the world 


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization


7. China has now surpassed the World Bank in lending to developing countries. 


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization


8. Asia showing essential ways in which the region is also influencing and transforming the nature of globalization itself. 


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization


9. Asian region is both the source and recipient of the massive globalization of migration. 


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization


10. The village of Santi Suk in Thailand created its currency following the Asian financial crisis. 


A. Asia as an object impacted by globalization


B. Asia as a subject driving globalization


C. Asia as a regional alternative to globalization

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