Globalisation Flashcards
(25 cards)
What is globalization?
Globalization is the process of increased interconnectedness and interdependence among countries, driven by trade, investment, technology, and cultural exchange.
True or False: Globalization only refers to economic interactions between countries.
False
Fill in the blank: Globalization has led to the rise of _____, which are organizations that operate in multiple countries.
multinational corporations
What is one major benefit of globalization?
Increased access to goods and services.
Multiple Choice: Which of the following is NOT a driver of globalization? A) Technology B) Trade policies C) Isolationism D) Investment
C) Isolationism
What does the term ‘cultural globalization’ refer to?
The worldwide exchange and integration of cultural elements, such as ideas, values, and customs.
True or False: Globalization has no impact on local cultures.
False
Fill in the blank: The _____ is an international organization that promotes free trade and economic cooperation.
World Trade Organization (WTO)
What is a negative effect of globalization?
Increased inequality between and within countries.
Multiple Choice: Which of the following is a characteristic of globalization? A) Decreased trade B) Increased migration C) Isolationist policies D) Reduced communication
B) Increased migration
What is ‘economic globalization’?
The integration of national economies through trade, investment, and capital flows.
True or False: Globalization has no effect on environmental issues.
False
Fill in the blank: The process of globalization can lead to the phenomenon known as _____, where local customs are overshadowed by global influences.
cultural homogenization
What role does technology play in globalization?
Technology facilitates faster communication, transportation, and trade across borders.
Multiple Choice: Which of the following is an example of globalization? A) A local farmer selling produce at a farmers’ market B) An international corporation opening a factory in another country C) A country imposing high tariffs D) A region becoming self-sufficient
B) An international corporation opening a factory in another country
What is ‘political globalization’?
The spread of political ideas and norms across borders, often leading to the establishment of international governance structures.
True or False: Globalization can lead to job losses in certain sectors.
True
Fill in the blank: Globalization has been accelerated by advancements in _____ and _____.
communication technology; transportation
What is ‘financial globalization’?
The integration of financial markets across countries, allowing for cross-border investments and capital flows.
Multiple Choice: Which of the following organizations is often associated with globalization? A) United Nations B) Local Chamber of Commerce C) National Labor Union D) Local School Board
A) United Nations
What is the ‘digital divide’ in the context of globalization?
The gap between those who have access to digital technology and the internet and those who do not, often affecting developing countries.
True or False: Globalization has led to a decrease in global poverty rates.
True
Fill in the blank: Globalization has created global supply chains, where products are made in _____ and sold in _____ countries.
multiple; various
What is ‘social globalization’?
The spread of social networks and the increasing importance of global civil society.
