Week 12

The interconnection of the world today is often referred to as ___________________________.

• Nationalism

• Communism

• Globalization

• Isolationism

What happened in the late 18th century which fueled societies to work in factories and move away from farming (Hint: England)__________________________.

• Agricultural Revolution

• Information Revolution

• Communist Revolution

• Industrial Revolution

Which of the following has helped create a global economy in the present day?

• The use of high taxes for imports only.

• Improvements in technology have made trade easier across the world.

• The creation of one form of currency (money) .

• The success of the Communist governments in guiding trade.

What is globalization?

• The growth in understanding and relationships between all nations.

• The process of increased connection between countries. It is demonstrated through economics, politics and culture.

• The increase of borderless markets with no import and export tarrifs.

• The process of all nations and people becoming increasingly richer over time.

What are some negatives of globalization?

• Workers are exploited in sweatshops

• Pollution and deforestation

• Low wages for factory workers in Asia and Africa

• All of the answers are correct

This has potential to spread infectious diseases

• Communism

• Capitalism

• Isolationism

• Globalization

What is the correct definition of cultural globalization?

• The transmission of ideas, meanings, and values around the world.

• The acceptance of open borders and freedom of movement of migrants.

• The strengthening and maintenance of traditional cultures.

• The growth of online broadcasting such as Netflix.

A large company that has operations in more than one country.

• Domestic Corporation
• Multinational Corporation
• Foreign Corporation
• State Corporation

What are some positives of globalization?

• Cheap sneakers and clothes

• Cheap electronics

• Information is easy to access and it travels quickly (internet and social media)

• All of the answers are correct

An international financial institution that provides loans to countries of the world

• globalization

• Population density

• Child mortality

• World Bank