🎓CFA Final Prep All Topics

Geopolitics & Globalization Basics

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Question

What characterizes autarky as a geopolitical archetype?

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Answer

Economic self-sufficiency with minimal reliance on foreign trade.

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Question

Why can globalization increase economic efficiency?

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Answer

It expands specialization, trade, and capital flows across borders.

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Question

What is a major economic benefit of nationalist or protectionist policies?

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Answer

They can protect domestic industries, jobs, and strategic sectors.

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Question

In geopolitics, how does cooperation differ from non-cooperation in economic relations?

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Answer

Cooperation coordinates policies for mutual gains; non-cooperation pursues unilateral advantage.

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