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Question 1

What is globalization?

Answer 1

Globalization, also known as global industrialism, is a process of forging international political, economic, religious, and socio-cultural interconnections.

Question 2

What historical processes have contributed to globalization?

Answer 2

Globalization has roots in various historical processes, such as colonization during the 16th century.

Question 3

What are the landscapes included in globalization according to Arjun Appadurai?

Answer 3

The landscapes include technoscape (technology), financescape (economics), ethnoscape (culture and social life), and ideoscapes (ideas).

Question 4

How does globalization challenge nation-states?

Answer 4

Globalization transcends cultural, political, and social boundaries, challenging the very existence of nation-states.

Question 5

What is a positive effect of globalization on less industrialized countries?

Answer 5

Globalization creates greater opportunities in less industrialized countries and taps into more and larger markets around the world.

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Question 6

How do developing economies benefit from globalization?

Answer 6

Current developing economies are increasing their strength through foreign direct investment.

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Question 7

What impact does globalization have on politics?

Answer 7

Politics is changing due to globalization, leading to interdependence among countries and potential questions about the existence of organizations like the United Nations.

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Question 8

What is a major environmental issue related to globalization?

Answer 8

The biggest issue of globalization is its impact on the environment, including challenges like climate change and pollution.

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Question 9

How does globalization affect market efficiency?

Answer 9

Globalization provides a more efficient market where there is equilibrium between what buyers are willing to pay and what sellers are willing to sell.

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Question 10

What resource issue is exacerbated by globalization?

Answer 10

Globalization uses up finite resources more quickly, leading to problems like global warming and environmental issues.

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Question 11

How does globalization influence competition?

Answer 11

Globalization increases competition, requiring companies to improve their goods or services, resulting in better products and sometimes lower prices for buyers.

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Question 12

What is the effect of globalization on carbon dioxide emissions?

Answer 12

Globalization increases world carbon dioxide emissions due to the easy availability of goods emitting CFCs.

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Question 13

How has globalization impacted security?

Answer 13

Globalization has halted many conflicts that could have escalated due to countries’ financial interdependence.

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Question 14

What is a negative effect of globalization on taxation?

Answer 14

Globalization tends to move taxation away from corporations and onto individuals, as governments give concessions to industries contributing to GDP.

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Question 15

Is globalization a large body of people united by common origin?

Answer 15

False

Question 16

Is globalization the interconnection of nation-states?

Answer 16

True

Question 17

Can a nation be smaller in scope than a state?

Answer 17

True

Question 18

Is sovereignty essential for a state but not for a nation?

Answer 18

False

Question 19

Is territory essential for a state but not for a nation?

Answer 19

False