Globalization

What is globalization?

• All of the above

• A process of interaction and integration among the people, companies, and governments of different nations.

• Effects the environment, culture and political systems.

• Driven by international trade and investment and aided by information technology.

What are benefits from globalization?

• Economic opportunity

• Advancements in technology

• Free trade

• All of the above

Who are winners of globalization?

• Land-locked countries unable to develop exporting industries

• Poorest 5% who have seen stagnant incomes

• Exports with competitive advantages

• Manufacturing sector in high labor cost countries

Who were losers of globalization?

• Exports with competitive advantages

• Workers who gain jobs in export industries

• Poorest 5% who have seen stagnant income

• Workers who are able to move to a higher-income economies

Globalization is the worldwide coming together of countries and nations?

• True

• False

When was the automobile introduced in America?

• 1885

• 1796

• 1993

• 1805

When was the telephone introduced in America ?

• 1876

• 1777

• 1997

• 1687

An umbrella mad in China and shipped to the US is a product of globalization?

• True

• False

Who created the telephone?

• Alexander Graham Bell

• John Atanasoff

• Vinton Cerf

• Jennifer Doudna

Globalization can be good and bad?

• True

• False