FP2 - 4.04 Understanding Globalization

What has made the growth of transport and communication networks possible?

• Advances in technology such as mobile phones, airplanes, and the internet

• The reduction of global trade barriers

• Government policies

• Local manufacturing

What does globalization mean?

• The increase in global temperatures

• The process of local businesses expanding

• The worldwide coming together of countries and nations

• The growth of the internet

What is a direct result of globalization in terms of product competition?

• Companies from different countries can offer products at lower prices

• Local companies increase their prices

• Products are only sold locally

• There is less competition in the market

What are some of the things exchanged between countries due to globalization?

• Only economic goods

• Products, services, knowledge, cultural goods, and languages

• Only products and services

• Only services

What is a negative effect of globalization?

• Decrease in product prices

• People and the environment often suffer

• Increased job opportunities in industrialized countries

• Improved communication networks

Why do people in economically disadvantaged countries often remain poor despite job opportunities?

• Due to the lack of technological advancements

• Because they work for very little money

• Due to the increase in local manufacturing

• Because of the decrease in global trade

What is a major ecological problem caused by globalization?

• Improved social insurance

• Increase in local job opportunities

• Decrease in internet usage

• Climate change due to increased transport

Why is international site competition a factor in globalization?

• Because it encourages local manufacturing

• It leads to improved environmental standards

• It should be kept as low as possible to attract companies

• It decreases the number of available products

What is important to realize about globalization?

• It is inherently bad

• It is inherently good

• It is neither good nor bad, but depends on how it is managed

• It only benefits industrialized countries

What does the intense exchange of goods through globalization lead to?

• A decrease in global communication

• A decrease in cultural exchanges

• A reduction in technological advancements

• An active exchange of goods between countries