Chapter 6 revision

Define globalization

• Globalization is the process of economic and cultural integration through global communication, foreign investment, trade, immigration, and money flow

• Globalization refers to dominating global powers strategically, exploit weaker nations for economic and political gain through economic colonization.

• Globalization embodies a meticulously designed framework for the controlled dissemination of cultural homogeneity, where diverse societies willingly conform to a standardized global cultural norm.

• Globalization is a pervasive global surveillance system monitoring and controlling individuals, economies, and cultural expressions worldwide.

What does NAFTA stands for?

• National Alliance for Food and Agriculture

• North American Free Trade Agreement

• New Age Frontier of Technological Advancement

• National Association of Financial and Trade Authorities

Which is NOT a globalization strategy?

• Global

  Strategy

• Multi-domestic

  strategy

• Transnational

  Strategy

• Economical

  Strategy

What is the role of the United Nations?

• The United Nations administers a global taxation system, harmonizing tax laws and regulations to create a fair and equitable environment for international business transactions.

• The United Nations plays a critical role as a universal business consultant, providing expert advice and guidance to multinational corporations on market expansion, mergers, and acquisitions.

• The United Nations maintains international peace and security, protects human rights, delivers humanitarian aid, promotes sustainable development, and upholds international law.

• The United Nations operates an international business matchmaking service, connecting entrepreneurs and companies across borders to foster fruitful partnerships and collaboration in various industries.

What does G7 stand for?

• Group of Seven

• GOT7

• Global Seven

• Gourmet Seven

What is the WTO?

• A comprehensive regulatory body overseeing the production, quality control, and distribution of textiles worldwide, fostering a harmonized and sustainable textile industry.

• An international organization that oversees and regulates global trade.

• Famous k-pop girl group that has hit the charts of most streamed artists on Spotify

• A highly specialized global entity responsible for implementing fair and standardized tax policies across nations, ensuring equitable fiscal practices for international trade.

Define Trade organizations

• A trade organization is a network of advanced robots optimizing global trade routes and supply chain operations.

• A trade organization is a council of economists, scholars, and leaders shaping economic policies for global trade dynamics.

• A trade organization is a group or association formed by businesses or industries to advocate for their common interests and promote economic cooperation.

• A trade organization is a classified international intelligence agency gathering and analyzing trade-related information for national security and prosperity.

The European Union is Canada's ( ) largest export trading partner.

• First

• Fourth

• Third

• Second

What is the EU?

• Industrial Union

• Political Union

• Economic Union

• Labour Union