Superpowers and Globalisation Flashcards
(29 cards)
What is globalization?
Globalization is the process of increased interconnectedness and interdependence among countries, driven by trade, investment, and technology.
Which factors contributed to the acceleration of globalization?
Factors include advancements in technology, reduction of trade barriers, increased international trade, and the rise of multinational corporations.
True or False: Globalization only affects economic aspects of countries.
False: Globalization affects economic, political, cultural, and social aspects.
What role does technology play in globalization?
Technology facilitates communication, transportation, and information sharing, making global interactions easier and faster.
Fill in the blank: The _______ is a key organization that promotes free trade among member countries.
World Trade Organization (WTO)
What are emerging superpowers?
Emerging superpowers are nations that are gaining significant influence and power on the global stage, often through economic growth and military expansion.
Which countries are typically considered emerging superpowers?
Countries like China, India, Brazil, and Russia are often classified as emerging superpowers.
Multiple Choice: Which of the following is NOT a characteristic of globalization? A) Increased trade B) Cultural exchange C) Isolationism D) Technological advancement
C) Isolationism
What is the impact of globalization on local cultures?
Globalization can lead to cultural homogenization, where local cultures may diminish in favor of dominant global cultures.
True or False: Globalization has led to a reduction in poverty levels worldwide.
True: Globalization has contributed to economic growth in many developing countries, helping to reduce poverty.
What is the role of multinational corporations in globalization?
Multinational corporations operate in multiple countries, facilitating trade and investment and influencing global economic policies.
Fill in the blank: The _______ is an economic agreement between North American countries aimed at reducing trade barriers.
United States-Mexico-Canada Agreement (USMCA)
What is a trade barrier?
A trade barrier is a government-imposed restriction on the free exchange of goods and services between nations.
Multiple Choice: Which of the following is a potential negative effect of globalization? A) Economic growth B) Environmental degradation C) Cultural exchange D) Technological innovation
B) Environmental degradation
What is the significance of the BRICS nations?
BRICS refers to Brazil, Russia, India, China, and South Africa, which are noted for their significant influence on regional and global affairs.
True or False: Globalization has no impact on employment patterns.
False: Globalization can shift jobs from one region to another, affecting local employment patterns.
Fill in the blank: The _______ is an international financial institution that provides loans and grants to the governments of poorer countries.
World Bank
What is cultural imperialism?
Cultural imperialism is the practice of promoting one culture over another, often through media and consumer products.
Multiple Choice: Which of the following is a benefit of globalization? A) Increased isolation B) Greater access to markets C) Cultural stagnation D) Economic instability
B) Greater access to markets
What is a global supply chain?
A global supply chain is a network that encompasses the production and distribution of goods and services across international borders.
Fill in the blank: _______ is a term used to describe the economic integration of countries through trade and investment.
Economic globalization
What is the impact of globalization on small businesses?
Globalization can create both opportunities for expansion into new markets and challenges from increased competition.
True or False: Globalization has led to the homogenization of consumer products worldwide.
True: Many consumer products are standardized across different countries due to globalization.
What is the G20?
The G20 is an international forum for governments and central bank governors from 19 countries and the European Union, focusing on global economic governance.
