Chapter 8: What does it mean to live in a Globalised World?

Question 1

Globalisation is …

Answer 1

Globalisation is a process through which ideas and activities of people in different parts of the world becomes interconnected leading to greater interdependence.

Question 2

Three key driving forces of globalisation today are…

Answer 2

Growth of MNCs

Developments in Transportation

Advancements in Technology

Question 3

MNC stands for…

Answer 3

Multi-national Corporations - big corporations operating in several countries but is managed from one home country.

Example: Google, Loreal, Yakun, Singtel, Starbucks, MacDonalds

Question 4

How does growth of MNC cause the pace of globalisation to increase?

Answer 4

MNCs such as Starbucks set up stores at various countries in the world - leading to greater interconnections between people and goods.

MNCs provides jobs for the people in these countries and bring in new technology.

Question 5

How does advance technological advancement in communication helps the pace of globalisation to increase?

Answer 5

There is now greater access to the Internet where more information is exchanged and communication allowed!

Example: Video call, Zoom, emails - allows for more exchange of information and communication.

Question 6

How does development in transportation helps the pace of globalisation to increase?

Answer 6

Improvement in size and speed of different mode of transportation has taken place.

Example: Airbus A380 is bigger and faster than old airplanes - allows for more people to travel conveniently and more goods to be transported.

Example: Container ships now can carry more goods and travel at a faster speed. More goods can be transported throughout the world easily.