Which perspective looks at the world-wide context and emphasizes economic factors ?
Correct answer: C. Globalism
- A. Realism
- B. Neo-realism
- C. Globalism
- D. Pluralism
Explanation
Globalism examines international relations in a worldwide context and gives particular importance to economic interdependence, trade and global institutions. Realism and neo-realism focus more strongly on power and security among states.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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