1. What is the Political Trilemma of Globalization? Define the three elements and explain why they cannot all coexist together without...
1. What is the Political Trilemma of Globalization? Define the three elements and explain why they cannot all coexist together without causing a governmental crisis of authority.
2. What is the central relationship highlighted in World Systems Theory? What is another relationship contingent on the existence of the first? What is the irony pointed out by this theory regarding traditional conceptualizations of free trade found in liberal theory?
3. Explain the main difference between the concept of an 'international market' and a 'global market.' How are production, marketing, and high value-added design processes distributed globally? Which of these two approaches to study of the market is more suited to studying the
distribution of economic processes in the world (in terms of potential theoretical accuracy)?
I generally know the answers to the first part of each question, is the following questions I do not understand. I basically cant grasp what is being asked.. SOS