Globalization

Simplistically, globalization ...

• is the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet.

• is a hoax.

• does not affect geopolitics.

• is not a contributing factor of climate change and environmental degration.

According to WHO, globalization can be defined as ” the increased interconnectedness and interdependence of peoples and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.”

• True

• False

Globalization is a phenomonon affecting different aspects of our lives. These aspects include:

• social & cultural

• political & economic

• environmental & technological

• all of the above

NOTE - This question has multiple answers.

It is hard to come up with one concrete definition of globalization because there are different types of globalization. These include:

• Financial globalization

• Technological globalization

• Ecological globalization

• Political globalization

• Cultural globalization

The Silk Road is an example that globalization is not just a recent phenomenon.

• False

• True

The Industrial Revolution brought advances in transportation and communication in the 19th century that eased trade across borders. Thanks to globalziation the benefits from this Revolution were able to impact the world at large.

• True

• False

Cultural loss is one of the negative effects of globalization.

• True

• False

The internet has not really affected the advancement of modern-day globalization.

• True

• False

If not properly handled, globalization can lead to income inequalities, disproportional wealth and trades agreements that benefit parties differently.

• False

• True

 What is a transnational company

• community-based corporatives.

• local busness

• Large global firms that operate in a number of countries 

• a translation company