Globalisation

What is globalization defined as?

• The process of local businesses expanding within their own country.

• The movement of people within their own country.

• The increase in the flow of goods, services, capital, people, and ideas across international boundaries.

• The decrease in international trade and investment.

Which of the following is a benefit of globalization?

• Environmental degradation.

• Increased international conflict.

• Decrease in global cooperation.

• Widespread economic growth.

What is necessary for a globalized economy to exist?

• Nations must increase their tariffs.

• Nations must be willing to put their differences aside and work together.

• Nations must restrict the flow of people across borders.

• Businesses must focus only on local markets.

What has globalization been linked to in terms of international relations?

• Decreased global cooperation.

• Increased international conflict.

• Reduced international conflict.

• No change in international relations.

What is one downside of globalization mentioned in the text?

• Increased local cooperation.

• Environmental degradation.

• Decreased access to jobs.

• Reduced economic growth.

What causes environmental degradation as a result of globalization?

• Increased local farming.

• Reduced international trade.

• Decreased transportation of goods.

• Increased transportation of goods.

What potential does confronting globalization's opportunities and risks offer business professionals?

• A guarantee of economic failure.

• A likelihood of increased international conflict.

• A potential to benefit immensely.

• A chance to decrease their global impact.

What is one of the positive impacts of globalization on business?

• Greater access to labor, jobs, and resources.

• Decreased access to resources.

• Reduced global cooperation.

• Increased economic isolation.

How does globalization affect society?

• By reducing the flow of ideas across borders.

• By having both positive and negative effects.

• By limiting cultural exchange.

• By promoting localism over global cooperation.

What is linked to reduced international conflict according to the text?

• Globalization.

• The focus on local markets.

• Increased environmental degradation.

• Decreased global cooperation.