VIDEO/What Is Globalization? Understand Our Interconnected World

What is globalization?

• The movement of people and goods within a country

• The worldwide movement of people, ideas, money, goods, and more

• The spread of diseases within a community

• The exchange of goods between neighboring countries

Which historical trade route facilitated the spread of various items over thousands of years?

• The Silk Road

• The Transatlantic Slave Trade

• The Spice Route

• The Mediterranean Trade Route

What is an example of the scale, velocity, and range of flows across borders in the modern world?

• The spread of the Black Death in the 14th century

• The speed at which an infectious disease like Ebola can spread around the world

• The movement of goods during the Industrial Revolution

• The colonization of the Americas by European powers

What represents an upside of technology in the context of globalization?

• Increased unemployment due to automation

• Higher production costs for goods

• Decreased consumer choices

• Access to news from around the world

What is a downside of international supply chains in the context of globalization?

• The automation of manufacturing processes leading to job loss

• Increased consumer choices and reduced prices

• Strengthening ties between trading partners

• More trade opportunities and technological advances

What has multiplied more than 50 times between 1970 and 2015?

• Global population

• Global exports and imports of goods

• Global literacy rate

• Global GDP

What is a positive effect of increased trade opportunities?

• Decreased ties between trading partners

• Increased unemployment due to outsourcing

• Reduced prices for consumers

• Widening the gap between the rich and the poor

How can governments contend with globalization?

• By completely closing off their borders to trade and immigration

• By ignoring the effects of globalization on their country

• By promoting global cooperation and collective responses

• By isolating themselves from international institutions

What has emerged to manage globalization?

• A worldwide movement to reject globalization

• A global ban on trade and immigration

• A complete self-sufficiency of individual countries

• A set of international institutions and other arrangements

What is the challenge for individual governments and the world collectively in relation to globalization?

• To isolate themselves from the global economy

• To completely reject globalization and its effects

• To close off their borders to all forms of international traffic

• To promote globalization's benefits while effectively helping the individuals and countries that globalization hurts the most