Globalization Review:

How would YOU (not Google) define Globalization? (Example: Globalization is...)

Globalization did not exist before the creation of modern technology.

• True

• False

Globalization allows for goods and information to move more quickly.

• True

• False

Supply Chains are international networks that turn raw materials into finished items.

• True

• False

Which is a potential negative consequence of globalization?

• shoppers have more options

• poor countries attract more manufacturing jobs

• local business close due to increased competition

Benefits of globalization might include...

• fans world-wide using smartphones to live stream a concert of their favorite K-Pop Band

• manufacturers relocating to countries where they can pay workers less

• push factors

As globalization increases, the importance of international organizations has declined.

• True

• False