TNCTCC- Globalization Quiz

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.

• True

• False

A global technological market transforms the financial world, that of the affairs, that political and the psychology, making them unrecognizable.

• True

• False

Cultural globalization is greatly influenced by the United States and other first world countries with the creation of so many social network sites and various media channels such as films, television, and many others.

• True

• False

Immigration can be provisional or permanent transfer of residence among individuals between nations.

• True

• False

Global politics take roots not in the old-fashioned geopolitical matters but largely on the social, economic, and ecological issues.

• True

• False

The most powerful tool that shapes development is trade being passageway of transmitting and handling intellectual formulations in any endeavor that will affect the production of systems, managerial and structural activities, governance, in the legal arena and the trends in technology.

• True

• False

Global finance is translated as capital flow through the exchange of financial instruments or assets among nations by public or private entities

• True

• False

Collaboration and cooperation in globalization foster local, regional, and national growth in the economy by being able to access low-cost goods from other countries, provide employment, and international collaboration of scientific and technology development.

• True

• False

Liberalization is the cross-border affairs between nations and globalization which signifies growth of global exchange and collaboration.

• True

• False

Advances in information technology, in particular, have dramatically transformed economic life.

• True

• False