Globalisation

Globalisation is...

• the increasing tendency for the world economy to work as one unit

• the acceleration and intensification of economic interaction among the people

• the increasing interconnectedness of people and places

• the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services

Is globalisation a new phenomenon?

• Yes

• No

• Not sure

• Globalisation has been taking place for hundreds of years

Which is NOT a positive impact of globalisation?

• new jobs and skills for local people

• a threat to the world’s cultural diversity.

• increased awareness of events in far-away parts of the world

• sharing of ideas, experiences and lifestyles of people and cultures

Why does the IMF give loans?

• to help developing countries grow faster

• to encourage trade

• so that countries could maintain the value of their currencies and repay foreign debts

• to preserve the environment

What is the main mission of the World Bank?

• to eradicate poverty

• to stabilise economies

• to stabilize currencies

• to make poor countries poorer