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10 questions
What is globalization?
The growth in understanding and relationships between all nations.
The process of increased connection between countries. It is demonstrated through economics, politics and culture.
The increase of borderless markets with no import and export tarrifs.
The process of all nations and people becoming increasingly richer over time.
Globalization has occurred due to advancements in communication. Pick the option below that links to advances in communication.
Reduction of trade barriers and tariffs
Introduction of container ships
Broadband and 5G networks
Creation of postwar organisations such as the UN
Globalization has occurred due to political changes. Pick the option below that links to political changes.
Reduction of trade barriers and tariffs
Introduction of container ships
Broadband and 5G networks
Creation of postwar organisations such as the UN
Globalization has occurred due to advances in transportation. Pick the option below that links to advances in transportation.
Reduction of trade barriers and tariffs
Introduction of container ships
Broadband and 5G networks
Creation of postwar organisations such as the UN
What is the correct definition of cultural globalization?
The transmission of ideas, meanings, and values around the world.
The acceptance of open borders and freedom of movement of migrants.
The strengthening and maintenance of traditional cultures.
The growth of online broadcasting such as Netflix.
What is the main reason why transnational corporations have moved manufacturing overseas and in to low and middle income countries?
Better infrastructure
Lower labour costs
High quality workforce
Forced to move location
Identify the NEGATIVE consequence of companies building factories overseas.
The flow of money into LEDCs provides an opportunity for economic growth.
Creates new jobs and helps to develop skills.
Investment can trigger a positive multiplier effect.
Companies often have no ties to the new location and can leave whenever they want.
What is a sign of increasing interconnection through trade?
Retail sales.
Improvements to global communications.
Increasing brand awareness.
Rising global imports and exports.
By how much has global trade grown over the last century?
4 fold increase
14 fold increase
24 fold increase
40 fold increase
What percentage of the world's products are manufactured in China?
8%
28%
48%
78%
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