The race to the bottom that many see as an integral part of globalization refers to
a. immigrants forced to start at the bottom of the economic ladder in their new countries.
b. downward pressures on wages, business taxes, and regulations.
c. dwindling investment in developing nations.
d. the triumph of American pop culture.
The ability of companies to move to locations where wages are lowest is seen as a major cause of
a. tyranny of location.
b. process of economic development.
c. race to the bottom.
d. declining terms of trade.
The tyranny of location
a. has become a bigger problem over the last century.
b. was a result of the industrial revolution.
c. becomes less of a problem as trade barriers are reduced.
d. is the defining feature of globalization.
The constrained state thesis claims that
a. states are increasingly powerful.
b. wealthy states can halt the process of globalization if they wish.
c. the ability of states to regulate has been eroded by globalization.
d. the extent of globalization has been exaggerated.
According to the constrained state thesis,
a. globalization is myth.
b. states are becoming more powerful vis--vis private actors.
c. states are becoming less powerful vis--vis private actors.
d. states are standing in the way of greater globalization.
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