Globalization Quiz

What is the main reason the idea of free and fair trade is losing ground?

• Decreased interest in trade

• Growing competition between economic powers

• Improved local economies

• Increased global cooperation

Which country is associated with the 'New Silk Road' infrastructure project?

• Germany

• United States

• China

• Peru

What principle does Duisburg's 'Duisport' rely on?

• Long-term warehousing

• Bulk storage

• Just in time

• First come, first served

What was the impact of the Chinese dismantling a Krupp steel plant in Duisburg?

• Creation of new jobs

• End of 10,000 jobs

• Increase in local steel production

• Improved environmental conditions

What is a major concern for Duisburg regarding China's investments?

• Excessive debt leading to loss of control

• Decreased trade opportunities

• Environmental impact

• Lack of infrastructure

What has been a significant consequence of the corona pandemic on global trade?

• Simplified supply chains

• Decreased product prices

• Increased reliance on single suppliers

• More intricate global trade

What was a major action taken by President George W. Bush to protect the US steel industry?

• Nationalizing steel mills

• Increasing steel exports

• Subsidizing steel production

• Imposing import tariffs on foreign steel

What is a significant problem faced by Peru in benefiting from globalization?

• Over-reliance on tourism

• Excessive foreign investment

• High levels of corruption and mismanagement

• Lack of natural resources

What is the main goal of microloans provided by Mibanco in Peru?

• To reduce the number of small businesses

• To promote foreign investment

• To help people help themselves and integrate into the national economy

• To increase government revenue

What is a major issue with the Chinese fishing fleet according to the text?

• They only fish in Chinese waters

• They are illegally tampering with Peru's fish stocks

• They have authorization for Peruvian waters

• They follow strict environmental regulations