Globalization

What is the global product studied in this lesson to understand Globalization?

• A t-shirt

• A smartphone

• An iPad

What is globalization ?

• A process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchanges, based on information technology and high-speed transport networks

• A process by which the countries are becoming increasingly interconnected as a result of massively increased trade and cultural exchanges, based on information technology and high-speed transport networks

• A process by which the countries are becoming increasingly interconnected as a result of massively decreased trade and cultural exchanges, based on information technology and high-speed transport networks

Why can we say that globalization is not a new phenomenon?

• Trade documents were found from the Indus valley civilization

• Trade documents were found from the Japanese-Chinese civilization

• Trade documents were found from the Roman civilization

• Trade documents were found from the English civilization

What are the reasons that explain the dramatic increase of the scale of this trade?

• BBC became a leader on television

• Multinational corporations have global reach and increasing power

• Travel and shipping are cheap and safe

• Ships are using wind and not only oil

• Governments have decrease tariffs and regulations on international trade

How long was it to cross the Atlantic in 1800 ?

• 2 weeks

• 1 month

• 2 months

• 6 weeks

How long is it to cross the Atlantic today by ship?

• About 5 hours

• About 14 days

• Less than a week

• About 14 days

Why does the cotton of our t-shirts often come from Brazil and India?

• Because these countries subsidize their cotton productions

• Because these countries have the most efficient cotton

• Because these countries have the best cotton

• Because these countries have lower wages

How do the United States try to resist against the competition of the Indian or Brazilian low-paid workforce?

• They subsidize cotton production

• They can't resist

• They produce a better quality cotton

What is the most expensive in the production of the t-shirts?

• The transport by ships

• The printing

• The retail

• The designers

What is the International Monetary Fund?

• A regional organization which offers low interest loans to developing world economies

• An international organization which offers low interest loans to developing world economies in exchange of free trade reforms

• A regional organization which offers low interest loans to developed world economies

• A regional organization which offers high interest loans to developing world economies