Globalization

All are characteristics of globalization except;

• Globalization is a historical process

• Globalization is a new term with broad topics.

• Globalization is interconnectedness, interdependences and integration of nation states.

• Globalization is brought about by technological, communication and transportation development.

All are dimensions of globalization except;

• Economic

• Cultural

• Political

• Social Media

What global ideologies have this idea? "Globalization is about the liberalization and worldwide integration of markets (neoliberalism)"

• Justice globalism

• Market globalism

• Religious globalism

• Imperial globalism

_______can be defined by its emphasis on equity, rights, sustainability, and diversity.

Integration of economy is made possible by;

• People

• Leaders

• Technology

• Facebook

All describes the integration of global economy except;

• The opportunities for labour and capital to locate anywhere in the world.

• The opportunities to be able to buy and sell in any country in the world.

• The hybridization of culture due to economic exchange

• The increasing reliance of economies on each other.

_________have investment in other countries, but do not have coordinated product offerings in each country. They are more focused on adapting their products and services to each individual local market

____________ are more complex organizations which have invested in foreign operations, have a central corporate facility but give decision making, research and develop (R&D) and marketing powers to each individual foreign market

The following are disadvantages of trade except;

• Lack of opportunities for the poor to be able to have access to markets

• Increase in gap between the rich and the poor

• Increased choice

• Dominance of global trade by the rich, northern hemisphere countries

How do TNC and MNC affects the world today?