Globalization Quiz

What is the definition of globalization?

• The spread of products, investments, and technology across national borders and countries.

• The transmission of ideas, meanings, and values around the world to expand and intensify social relations.

• The operation or planning of economic and foreign policy on a global basis.

• The emergence of countries and nations across the world.

Which type of globalization refers to international lending institutions for capital outlay to developing countries?

• Industrial globalization

• Financial globalization

• Political globalization

• Cultural globalization

What is the process linked by interconnected cross-border production that enables firms to enter into new markets and reduce costs?

• Industrial globalization

• Financial globalization

• Political globalization

• Cultural globalization

What is the term used to describe attempts to understand the interconnectedness of the world in terms of transportation and communication?

• Industrial globalization

• Financial globalization

• Political globalization

• Globalism

Which type of globalization refers to the growth of the worldwide political system both in size and complexity?

• Industrial globalization

• Financial globalization

• Political globalization

• Cultural globalization

What is the process of interaction and integration among people, companies, and governments of different nations?

• Industrial globalization

• Financial globalization

• Informational globalization

• Cultural globalization

When did globalization start?

• 15th century

• 18th century

• 19th century

• 20th century

What significant events happened during the first phase of globalization?

• Spanish and Portuguese discoveries of America, introduction of the Gregorian calendar, and discovery of the heliocentric view of the solar system.

• American Declaration of Independence and industrialization.

• Advancing technologies of trains, steamships, telegraphs, and postal systems.

• Access to products of foreign origins before the events of August 1914.

What ideology does market globalism reflect?

• Socialism

• Communism

• Neoliberalism

• Capitalism

What are the core claims of globalism?

• Globalization is about the liberalization and global integration of markets.

• Globalization is inevitable and irreversible.

• Nobody is in charge of globalization.

• All of the above.