Topic 4 : Globalisation 🌏

Question 1

What is Globalisation?

Answer 1

The process of increased interconnectedness among countries, particularly in terms of trade, culture, and workforce.

Question 2

What does Cross-border workforce refer to?

Answer 2

Workers who move between countries to find employment.

Question 3

What is International competition?

Answer 3

Competition between businesses or countries on a global scale.

Question 4

What does At a global level mean?

Answer 4

Considering issues or activities that affect the entire world.

Question 5

What are Emerging economies?

Answer 5

Nations with social or business activity in the process of rapid growth and industrialization.

Question 6

What does Increasing demand for talents imply?

Answer 6

A growing need for skilled workers in various industries worldwide.

Question 7

What is Global growth?

Answer 7

The increase in economic activity and productivity on a worldwide scale.

Question 8

What is an International supply chain?

Answer 8

A global network of production and distribution processes for goods.

Question 9

What are Developed/ developing countries?

Answer 9

Countries classified based on their level of industrialization and economic development.

Question 10

What does Free trade mean?

Answer 10

Trade between countries without tariffs or other restrictions.

Question 11

What is meant by Free flow of labour?

Answer 11

The unrestricted movement of workers across borders.

Question 12

What are Brain drains?

Answer 12

The emigration of highly trained or educated individuals from one country to another.

Question 13

What does Free flow of capital refer to?

Answer 13

The unrestricted movement of money for investment across borders.

Question 14

What is Urbanisation?

Answer 14

The increasing population in urban areas, often leading to the growth of cities.

Question 15

What does the loss of cultural practices mean?

Answer 15

The decline or disappearance of traditional customs and practices due to globalization.

Question 16

What is Cultural diversity?

Answer 16

The existence of a variety of cultural or ethnic groups within a society.

Question 17

What does Homogeneous society refer to?

Answer 17

A society that is uniform in terms of culture, ethnicity, or other characteristics.

Question 18

What does Stimulate growth mean?

Answer 18

To encourage or promote economic development.

Question 19

What are Business opportunities?

Answer 19

Situations where a company can potentially make a profit.

Question 20

What is a target market?

Answer 20

A specific group of consumers at which a company aims its products and services.

Question 21

What does Supply and demand refer to?

Answer 21

The relationship between the availability of a product and the desire for that product.

Question 22

What does Foster exportation mean?

Answer 22

To promote or encourage the selling of goods to foreign markets.

Question 23

What is Armed conflict?

Answer 23

A conflict involving armed forces, often resulting in violence.

Question 24

What does A steady growth imply?

Answer 24

Consistent and gradual increase in economic activity.

Question 25

What does Allocate resources mean?

Answer 25

To distribute available resources for specific purposes.

Question 26

What is Global trade?

Answer 26

The exchange of goods and services between countries.

Question 27

What is a Global community?

Answer 27

A group of individuals or nations that share common interests and goals on a global scale.

Question 28

What is Foreign capital investment?

Answer 28

Investment made by a company or individual in one country in business interests in another country.

Question 29

What does Foreign direct investment mean?

Answer 29

Investment made by a company or individual in one country in business interests in another country, typically involving a significant degree of control.

Question 30

What does Immigrate to a new country mean?

Answer 30

To move to a different country with the intention of living there permanently.

Question 31

What is the Anti-globalisation movement?

Answer 31

A social movement opposing the negative impacts of globalization.

Question 32

What does National sovereignty refer to?

Answer 32

The authority of a state to govern itself without external interference.

Question 33

What is global governance?

Answer 33

The way international affairs are managed across countries.

Question 34

What does Loss of self-determination mean?

Answer 34

The inability of a nation or group to control its own affairs.

Question 35

What is Geographical shift of factories?

Answer 35

The relocation of manufacturing facilities to different regions or countries.

Question 36

What are International capital flows?

Answer 36

The movement of money for investment across borders.

Question 37

What are Superpower frictions and fragility?

Answer 37

Tensions and vulnerabilities between powerful nations.

Question 38

What are Technological shifts?

Answer 38

Changes in technology that impact industries and economies.

Question 39

What are Trade barriers?

Answer 39

Government-imposed restrictions on international trade.

Question 40

What is Customs authority?

Answer 40

The government agency responsible for regulating the flow of goods into and out of a country.

Question 41

What does National security mean?

Answer 41

The protection of a nation's borders and territories against invasion or control by foreign powers.

Question 42

What does Manipulate the currency refer to?

Answer 42

To artificially alter the value of a currency.

Question 43

What are Infusions of foreign capital and technology?

Answer 43

The introduction of external financial resources and technological advancements into a country.

Question 44

What are Compartmentalized power sectors?

Answer 44

Segments of the economy that operate independently from each other.

Question 45

What is a world power?

Answer 45

A nation with the ability to influence global events and policies.

Question 46

What is Influx of information between countries?

Answer 46

The rapid exchange of data and knowledge across national borders.

Question 47

What does Human migration mean?

Answer 47

The movement of people from one place to another, often across borders.

Question 48

What are Transnational companies?

Answer 48

Businesses that operate in multiple countries.

Question 49

What does 'Exploit tax havens' mean?

Answer 49

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