Globalisation Flashcards
(15 cards)
What is globalization?
Globalization is the process of increased interconnectedness and interdependence among countries, primarily in economic, cultural, and political dimensions.
True or False: Globalization only affects developed countries.
False
Fill in the blank: The primary driver of economic globalization is _______.
trade
What are the two main types of globalization?
Economic globalization and cultural globalization.
Which organization is most associated with promoting global trade?
World Trade Organization (WTO)
Multiple Choice: Which of the following is NOT a consequence of globalization? A) Increased cultural exchange B) Economic isolation C) Global supply chains D) Migration
B) Economic isolation
Short Answer: Name one negative effect of globalization.
Job loss in certain industries due to outsourcing.
True or False: Globalization has led to a decrease in international migration.
False
What is the role of multinational corporations in globalization?
Multinational corporations facilitate globalization by operating in multiple countries, influencing local economies, and promoting global trade.
Fill in the blank: The _______ is a major financial institution that supports global economic stability.
International Monetary Fund (IMF)
Multiple Choice: Which of the following is a cultural impact of globalization? A) Homogenization of cultures B) Decrease in technology sharing C) Reduction in travel D) Localized economies
A) Homogenization of cultures
Short Answer: What is one way that technology has facilitated globalization?
The internet has enabled instant communication and information exchange across the globe.
True or False: Globalization is a recent phenomenon that began in the 21st century.
False
What is a potential benefit of globalization for developing countries?
Access to larger markets and foreign investment.
Multiple Choice: Which of the following is a criticism of globalization? A) It promotes cultural diversity B) It can increase income inequality C) It fosters international cooperation D) It enhances global communication
B) It can increase income inequality
