Globalization and Its Impact

What does globalization primarily involve?

• Isolation of countries

• Reduction in trade

• Decrease in technology use

• Increased economic interdependence

What did the integration of the world through globalization lead to?

• Countries becoming more isolated

• A reduction in trade

• Countries coming closer together

• A decrease in technological use

How did proponents of globalization view it?

• As a local phenomenon

• As a temporary trend

• As a moral and ideological truth

• As a threat to technology

What was a common consequence of globalization in certain regions?

• Stable employment

• Decrease in trade

• Increased wages

• Choppier employment and precarious wages

How were critics of globalization often perceived?

• As economic leaders

• As narrow-minded and provincial

• As forward-thinking

• As technological experts

What was a common argument used by defenders of globalization against its critics?

• Critics were seen as progressive

• Critics were accused of being against technology

• Critics were praised for their insights

• Critics were encouraged to continue

What was a common perception of globalization's impact on industries?

• Industries were isolated

• Industries were unaffected

• Industries vanished as fast as they came

• Industries were stable and long-lasting

What political shift did the dissatisfaction with globalization contribute to?

• The increase in global trade

• The decline of technology

• The fall of economic interdependence

• The rise of Bernie Sanders and Donald Trump

What was a major oversight of the elites regarding globalization?

• Understanding technological advancements

• Promoting global trade

• Detecting the dissatisfaction with the modern world

• Recognizing the benefits of globalization

What realization did people have about the new globalized world?

• It was benefiting everyone equally

• It was increasing isolation

• It was not working for most people

• It was reducing technological advancements