Globalization and Its Impacts

What is a common misconception about globalization?

• It is a permanent fixture.

• It is driven by technology.

• It is a temporary trend.

• It is unaffected by politics.

What can potentially reverse globalization?

• Cultural exchanges

• Political decisions

• Economic growth

• Technological advancements

What is essential for globalization to thrive?

• Free movement of ideas

• Isolationist policies

• Restricted movement of goods

• High tariffs

What is a key factor in the movement of goods and capital globally?

• Cultural homogeneity

• Political stability

• High tariffs

• Technological stagnation

Which group is often vulnerable due to globalization?

• Entrepreneurs

• Politicians

• Workers in richer countries

• Workers in developing countries

What is often incorrectly blamed for keeping wages down?

• Inflation

• Government policies

• Globalization

• Education levels

What has had a greater impact on industry than NAFTA?

• Cultural shifts

• Technological advancements

• Political changes

• Globalization

What is a major challenge in addressing the impacts of technology on jobs?

• Political reluctance to blame technology

• Over-reliance on globalization

• Lack of data

• Insufficient technological growth

What is a common political narrative regarding job losses?

• Blaming technology

• Blaming environmental policies

• Blaming foreign competition

• Blaming education systems

What often disrupts the economic logic of globalization?

• Environmental concerns

• Cultural differences

• Political agendas

• Technological advancements