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Guide for Midterm 1 Study
Guide for Midterm 1 The examination will be 2 hours. The format will be the following:
IDs, Short Answers, Essay, Examples
IDs
First, you will have to provide five identifications. These
questions require you to define the term or person AND state the significance
to the course. Half the grade will be based on your I.D. and half
on significance. By significance I mean you need to summarize
why a term or person is relevant.
Short Answers
Second, you will be asked to answer two short answer questions.
These answers typically have several parts.
Essay
Finally, you will have to write two essays. I will select from one
or more of the following questions. This means that you should PREPARE
to answer all five questions. I will probably pick three and give
the chance to write on two. If you do not prepare in advance, it
is unlikely that you will have enough time to finish the exam.
1. Scholars have issued a range of warnings about the impact that globalization is likely to have. Write an essay that describes the arguments of at least two scholars whose work we read in the course but who emphasize different concerns about globalization. Make sure that you: 1) clearly define the way each scholar conceptualizes globalization; 2) why they are worried about globalization; and 3) why they reach such different conclusions from Burtless et al.
2. Drawing upon specific readings, write an essay that describes how the internet is likely to impact the democratic course of the global economy.
3. Write an essay that describes: first, the challenges of governing the global economy; second, whether governance is even feasible; and third, what national models of capitalism you see as appropriate to copy and adapt to the global economy. Make sure that when you write your essay that you support each of your answers with reference to course readings.
4. Based on specific course readings, write an essay describing the impact that globalization is likely to have on German, US and Japanese capitalism. Your answer should: first, compare several ways important ways in which these political-economic systems differ; and second, state how you believe globalization likely to effect each system differently.
5. Write an essay that clearly articulates what new role Paul Hirst and Grahame Thompson believe the nation state will play in a more inter-nationalized economy and why.
Here are some possible terms and concepts that may find themselves within ID and short answer questions.
Political vs. Economic globalization
Development of national sovereignty
Evolution of the role of states
Polycentric politics
Neoclassical economics
Prussia
New Public Management vs. Old models
Efficient allocation of resources
Economic growth
Institutional approach
German Model of capitalism
Keiretzu
Make sure you understand the strengths and weakness of the internet
as discussed in Shapiro and Greider.
Core competencies of the state
Japanese employment relations
Japanese enterprise behavior
Publically enabling associations
Co-determination
Keynesianism
Amakudari
Non-price competition
Neddies
Vertical Integration
Horizontal integration
Backward integration
Forward integration
Make sure you are clear on how the relationship between capital
and business, and labor and business differs across each country (See the
table on p. 90, of Crouch and Streeck).
Revolution from above
Meiji Restoration
Japanese Iron Triangle
MITI
LDP
Development state
Globaphobia
Robert Reich
Hyper-globalization
Necessary myth
Hegemon
Eclipse of the state
International economy vs. globalized economy
Gross Domestic Product
Forms of nation state relations
Multi-national corporations vs. transnational corporations
Treaty of Westphalia
Bourgeoisie
Theories of competitive advantage (Michael Porter) vs. comparative
advantage (Adam Smith).
Industrial Revolution
Multi-national states
World Trade Organization
Keynesianism
Laissez Faire
Kenichi Ohmae