Mid-Term Exam

Which of the following best describe globalization?

• It is the liberation of countries of their impact protocols and welcome foreign investment into sectors

• It is an interconnectedness of people and business across the world that eventually lead to global, cultural, political and economic integration.

• Globalization is the increasing interaction of people, states or countries through the growth of the international flow of money, ideas and culture.

• It refers to countries like magnets attracting to global capital by opening up their economies to multinational corporations.

According to this author, Globalization is as the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring many miles away and vice versa.

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He is a Sociology Professor at the University of Aberdeen described globalization in 1992 as the compression of the world and the intensification of the consciousness of the world as a whole

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Who is this person that coined the related term, corporate giant. The term refers to the largely national trusts and other large enterprises of the time.

• Roland Robertson

• Anthony Giddents

• Charles Taze Russell

• Martin Albrow and Elizabeth King

The following are the reasons why we study globalization except:

• There is a greater demand in business and industry, health, engineering and technology to have people who can work with people of other nations and cultures.

• There is a greater demand of promoting the local business and industry to other countries and if need be, owners travel independently and internationally for a better promotion

• Knowledge of the merits, demerits and reasons for globalization will enable the students to work as a model of collaborative international science, arts, engineering, hotel industries, etc and discuss the products in these areas.

• Various ideological movements of resistance to globalization have been emerging in response to globalization such as the violent and destructive mass demonstrations staged.