Long Quiz CON-GEC (Crim)

Economic globalization refers to the decreasing interconnectedness and interdependence of national economies worldwide.

• True

• False

• Maybe True

• Maybe False

It is associated with a significance to countries and engage in the exchange of goods and services.

• International Trade

• Multinational Corporation

• Cultural Exchange

• Global Division of Labor

It is a Large corporations operate in multiple countries, establishing a global presence.

• International Trade

• Multinational Corporation

• Cultural Exchange

• Global Division of Labor

This involves the establishment of subsidiaries, branches, or joint ventures in foreign nations.

• International Trade

• Foreign Direct Investment

• Cultural Exchange

• Global Division of Labor

It is refers to the hierarchical arrangement of countries and people on a global scale based on various socio-economic factors.

• International Trade

• Foreign Direct Investment

• Global Economy

• Global Stratification

It is industrialized, economically advanced nations and well developed countries.

True or False.

In Global North they are industrialized, economically advanced nations and well developed countries.

Global trade dynamics contribute to the stratification, with some nations benefiting more from international trade than others

According to Wallerstein theory, These are economically advanced and industrialized nations that dominate the global economic system.

True or False:

In Semi-Peripheral Countries ,These nations have intermediate levels of economic development, falling between the core and peripheral countries.