Quiz 2 MGT3103

Following statements is a definition of globalization EXCEPT:

• The elimination of state-enforced restrictions on exchanges across borders.

• The increasingly integrated & complex global system of production & exchange.

• Economies, societies & cultures have become integrated through a global-spanning network of communication & trade.

• Social, personal and economic goals without the negative consequences associated with capitalism.

Examples of globalization are:

• Internet

• Selling local products in the global market

• Attending lectures by a British professor teaching in an American University

• All of the above

Globalization represents an increasing integration of all of the following EXCEPT:

• Communications

• Morals

• Economics

• Culture

Which of the following do NOT facilitate globalization?

• Improvements in communications

• Barriers to trade and investment

• Looser immigration controls

• Removal of controls on movement of capital across borders

Which of the following is a definition of Liberalization?

• Free and open border-less world economy.

• Production should be owned by the community as a whole.

• Citizen ownership of equity

• Everyone in society equally owns the factors of production.

Which of the following is a definition of Deterritorialization?

• Social space no longer mapped in terms of borders.

• Area of land under the jurisdiction of a ruler or state.

• Area from which weapons and military forces have been removed

• Area in which it is forbidden to station military forces

Which of the following is a POSITIVE effect of globalization?

• Poor countries resources are exploited

• Ruin local economies

• Democratic values clash with local cultures

• Build stronger trade ties and dependencies between nations

Which of the following is a NEGATIVE effect of globalization?

• Rise of racism and terrorism

• Contributed to global peace

• Cooperation regarding various global issues

• Contribute to spread technology

The growth in global communication has:

• Meant people now rely on different sources for the news

• Been limited to international phone calls

• Decreased the need for the internet

• Brought information to more people from the same sources

Globalization is beneficial for firms because:

• It protects them against foreign competition.

• It cushions them from the effects of events in other countries.

• It opens up new market opportunities.

• It increases the risk and uncertainty of operating in a globalizing world economy.