Globilzation

Question 1

Define Globalization

Answer 1

Process of the world becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalization also increased the production of many goods and services.

Question 2

Causes of Globalization

Answer 2

Technology makes it easier to communicate and share information around the world like the internet.

Question 3

Causes of Globalization

Answer 3

Capital Mobility = reduced capital barries which makes easier flow between countries for finace and more interconnected global finicial markets.

Question 4

Causes of Globalization

Answer 4

Multinational companies: A company or coporation in multiple nations

Question 5

Causes of Globalization

Answer 5

Labour Mobility: People are more willing to move between different countries in search of work.

Question 6

Causes of Globalization

Answer 6

Lower Tariffs: Type of tax paid when trading encouraged by WTO

Question 7

Causes of Globalization

Answer 7

Improved Transport: Making global travel, car, and land easier which helps people get where they need.

Question 8

What else does globilazation give us access to

Answer 8

Social, Culture, Politics, Multinational corporations

Question 9

Role of multinational corporations

Answer 9

Help developing countries = increasing investment , income, and employment in economy.

Contribute to development of country through technology, finance, and modern management.

Promoting exports of the host country.

Question 10

Define Glocilazation

Answer 10

It means when you have a different type of product in a different country. Like the land cruiser they have different features, interiors, etc in different countries.