Globalization and Its Impacts

What is the primary process through which globalization connects the world?

• Increased technological advancements

• Increased political agreements

• Increased trade and cultural exchange

• Increased military alliances

What are companies called that operate and sell products globally?

• Multinational corporations

• National corporations

• Regional businesses

• Local enterprises

How has globalization affected international trade?

• Decreased trade between countries

• Increased trade barriers

• Increased international trade

• Eliminated the need for trade

What is a feature of globalization related to goods and services?

• Restricted movement of goods

• Free movement of services and goods

• Increased tariffs on goods

• Limited production of goods

Besides products, what else is exchanged due to globalization?

• Only cultural artifacts

• Services, knowledge, entertainment, and languages

• Only political ideas

• Only financial resources

What is a negative impact of globalization on industrialized countries?

• Increased job opportunities

• Improved working conditions

• Job loss due to production moving abroad

• Higher wages for all workers

What issue arises in economically disadvantaged countries due to globalization?

• High wages and excellent working conditions

• Decreased pollution levels

• Strict enforcement of international laws

• Poor working conditions and low wages

What was the cause of the Rana Plaza collapse in Bangladesh?

• Unauthorized construction

• Fire outbreak

• Terrorist attack

• Natural disaster

How many people were injured and rescued alive in the Rana Plaza collapse?

• Less than 1,000

• Over 3,000

• 2,515

• None

What is the overall nature of globalization according to the video?

• Entirely negative

• Irrelevant to modern society

• Neither good nor bad

• Entirely positive