Content Recap - Issue 3 Globalisation

Which of the following is the correct definition of 'Globalisation'?

• Globalisation is a process where people, ideas and activities become connected.

• Globalisation is when people, become connected.

• Globalisation is the process by which people, their ideas and their activities become interconnected or integrated

• Globalisation is where we can get products from other countries without having to travel ourselves.

Which of the following options is NOT a key driver of globalisation?

• Advancement in Technology

• Growth of MNCs

• Development of SMEs

• Developments of Transportation

Draw the logo of any locally owned MNC!

The positive economic impact of globalisation is ______________

Which is the correct definition of Free Trade Agreements (FTAs)?

• Treaties between countries where the exchange of goods and services can be conducted without tariffs or hindrances, across their borders.

• Investments in a Singapore company by a foreign company.

• The total dollar value of all goods and services produced over a specific time period

• The measure of the total output of a country that takes the GDP and divides it by the number of people in the country.

In which year did the Global Financial Crisis happen?

• 1997

• 2008

• 1929

• 2019

Which of the following is an agency under Ministry of Trade and Industry responsible for helping Singapore enterprises grow and build trust in Singapore product and services?

• Yellow Ribbon SG

• Ministry of Home Affairs

• Casino Regulatory Authority

• Spring Singapore

Which of the following are challenges that SMEs encounter in a globalised economy?

• Shortage of expertise and labour

• Competition from bigger companies

• Small domestic market

• Obligation to complement MNCs

Draw a picture depicting an individual suffering from a negative economic impact of globalisation.

Which of the following is a scheme to support older low-wage workers?

• Continuing Education and Training (CET)

• Workfare Training Support (WTS)

• Skillsfuture Singapore

• Income SG Insurance