The Effects of Globalization

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.

Globalization has occurred due to advancements in communication. Pick the option below that links to advances in communication.

• Reduction of trade barriers and tariffs

• Introduction of container ships

• Broadband and 5G networks

• Creation of postwar organisations such as the UN

Globalization has occurred due to political changes. Pick the option below that links to political changes.

• Reduction of trade barriers and tariffs

• Introduction of container ships

• Broadband and 5G networks

• Creation of postwar organisations such as the UN

Globalization has occurred due to advances in transportation. Pick the option below that links to advances in transportation.

• Reduction of trade barriers and tariffs

• Introduction of container ships

• Broadband and 5G networks

• Creation of postwar organisations such as the UN

Identify the NEGATIVE consequence of companies building factories overseas.

• The flow of money into LEDCs provides an opportunity for economic growth.

• Creates new jobs and helps to develop skills.

• Investment can trigger a positive multiplier effect.

• Companies often have no ties to the new location and can leave whenever they want.

What is a sign of increasing interconnection through trade?

• Retail sales.

• Improvements to global communications.

• Increasing brand awareness.

• Rising global imports and exports.

What are some positive effects of Globalisation ?

• Increased freedom to travel and immigrate,better access to medicine,information, and technology.
• Lower prices for developed countries and low paying jobs in underdeveloped countries
• Less pollution in the world
• All of the above

A negative side effect of globalization such as the spread of Covid-19 is caused by

• Improved sanitation resulting in resistant strains of viruses

• Accelerated transmission of viruses due to increased travel

• Health problems caused by decreased government funding

• Cultural movements that limit vaccinations for children

Globalization brings our world together?

• True
• False

How does it bring our world together?  Through.... 

• communication
• technology
• products & services
• all of these