Globalization and Its Impact

What is one of the main benefits of globalization mentioned in the video?

• Decrease in technological advancements

• Lifting millions out of poverty

• Reduction in global trade

• Increased local employment

Which historical trade route is mentioned as a root of globalization?

• The Viking Trade Route

• The Old Silk Road

• The Trans-Saharan Trade Route

• The Atlantic Slave Trade

What major event marked the beginning of the first wave of globalization?

• The Industrial Revolution

• The Age of Discovery

• The Digital Revolution

• The Fall of the Roman Empire

What has been one of the negative impacts of modern globalization?

• Mass job losses

• Reduction in global trade

• Decrease in technological advancements

• Increased global peace

What term is used to describe the economic policy of restricting imports to protect domestic industries?

• Globalization

• Free Trade

• Liberalization

• Protectionism

What event is described as revealing underlying 'geo-political tectonic plates'?

• Russia's invasion of Ukraine

• The Fall of the Soviet Union

• The Industrial Revolution

• The Digital Revolution

Which country has been one of the largest beneficiaries of globalization according to the video?

• Russia

• China

• Brazil

• India

What is one of the key areas that need to be corrected for the global economy to move forward?

• Decrease in local employment

• Reduction in technological advancements

• Regulation of global finance

• Increase in global trade

What is the core mission of the IMF as mentioned in the video?

• To guarantee global financial stability

• To protect domestic industries

• To reduce technological advancements

• To increase global trade

What does Kevin Gallagher suggest about the IMF's role in globalization?

• It has had no impact

• It has only helped developed countries

• It has been a big part of the problem

• It has been beneficial