COMTEMPORARY WORLD

• When did the Dancing Pallbearers become a viral sensation?


  In March 2020.
• What are the alternative names for the Dancing Pallbearers?


  Dancing Coffin, Coffin Dancers, and Coffin Dance Meme.
• Who is the originator of the Dancing Pallbearers?

  Benjamin Aidoo.
• What song is commonly associated with the Dancing Pallbearers' videos?

  'Astronomia' by Tony Igy, remixed by Vicetone.
• How did the Dancing Coffin influence the Philippines?


  A 6-year-old boy made a piano cover, and men were seen dancing with a casket in Taguig.
• What does the spread of the Dancing Pallbearers illustrate about globalization?


  It shows that globalization operates at many intersecting levels.
• What is Martin Steger's definition of globalization?


  A process of expansion and intensification of social relations and consciousness across world-time and world-space.
• What does "expansion" mean in the context of globalization?


  Creation of new social networks and multiplication of existing connections across boundaries.
• How do social media contribute to globalization?


  They establish new global connections between people.
• What does "intensification" refer to in globalization?


  Expansion, stretching, and acceleration of global networks.
• What is an example of intensified trading mentioned in the text?


  Increased trading between global cities like London and New York.
• How does globalization affect people's perception of time and space?


  It makes the world feel smaller and distances seem inconsequential.
• What is the difference between globalization and globalism?


  Globalization involves multiple processes, while globalism is a belief in the benefits of economic integration.
• What are the 'scapes' that Arjun Appadurai refers to in globalization?


  Dimensions of integration including ethnoscape, mediascape, technoscape, financescape, and ideoscape.
• What does ethnoscape refer to?


  The global movement of people.
• What does mediascape refer to?


  The flow of culture.
• What does technoscape refer to?


  The circulation of mechanical goods and software.
• What does financescape denote?


  The global circulation of money.
• What does ideoscape describe?


  The realm where political ideas move around.
• Why is it important to ask 'What is being globalized?'


  Because different dynamics occur depending on what is globalized.
• How have you experienced globalization?


  This is a subjective question for personal reflection.
• Why is it crucial to emphasize that globalization is uneven?


  Because it affects countries differently and creates disparities.
• What is economic globalization?


  A historical process characterized by the increasing integration of economies through the movement of goods, services, and capital.
• What is the earliest known trading system mentioned in the text?

  The Silk Road.
• What was the significance of the Silk Road?


  It was a network of pathways for trade between China, the Middle East, and Europe.
• When did traders regularly use the Silk Road?

  From 130 BCE until 1453 CE.
• What did Dennis Flynn and Arturo Giraldez suggest about the age of globalization?


  It began when all populated continents started exchanging products continuously.
• What event marked the first truly globalized trade?

  The establishment of the galleon trade in 1571.
• What is mercantilism?


  An economic policy that maximizes exports and minimizes imports.
• What measures did mercantilist regimes impose to protect their products?


  High tariffs, restrictions on trade routes, and subsidies for exports.
• What significant change occurred in 1867 regarding trade?


  An open trade system emerged with the UK and the US adopting the gold standard.
• What was the goal of adopting the gold standard?


  To create a common system for efficient trade and prevent isolationism.
• What was the impact of the Great Depression on the gold standard?


  It limited the amount of circulating money, reducing demand and consumption.
• What did Barry Eichengreen argue about the US economy's recovery?


  Recovery began when the US abandoned the gold standard.
• What are fiat currencies?


  Currencies not backed by precious metals, with value determined by relative cost.
• What was the purpose of the Bretton Woods System?


  To create a global economic system promoting interdependence and prosperity.
• When was the Bretton Woods System inaugurated?


  In 1944.
• Who influenced the Bretton Woods System?


  John Maynard Keynes.
• What are the two financial institutions created at Bretton Woods?


  The World Bank and the IMF.
• What is the role of the World Bank?


  To fund postwar reconstruction projects.