Globalisation

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What does Globalization entail?

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Increased interdependence of nations due to advancements in technology and transportation.

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Characteristics of transnational corporations include: They often outsource production to countries with lower labor costs.

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They often outsource production to countries with lower labor costs.

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What are some negative effects of Globalization?

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Increased economic disparity, loss of cultural identity, environmental degradation, higher prices for underdeveloped countries, job losses in developed countries, and more pollution in the world.

Front

Online payment is a necessary component of E-Commerce.

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True

Front

Which type of globalization is associated with the spread of news and entertainment through mass media?

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Social

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Reduced shipping expenses due to the adoption of containerization primarily contribute to which form of globalization?

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Economic

Front

Globalization in the context of stock markets is an example of ___

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Economic globalization

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What are the advantages of engaging in international trade?

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Access to a larger market for your products, Increased efficiency through specialization, Greater variety of goods and services for consumers

Front

Quota systems limit trade by

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restricting quantity

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Starbucks is a multinational corporation.

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true