AS globalization

What is the primary definition of globalisation?

• • A) The reduction of trade barriers between countries

• • B) The increasing interdependence between countries through capital, trade, goods, services, culture, and ideas

• • C) The movement of people from rural to urban areas

• • D) The dominance of one culture over another

Which of the following is NOT a dimension of globalisation?

• • A) Capital

• • B) Labour

• • C) Military

• • D) Information

What was a significant technological advancement in the 19th century that contributed to globalisation?

• • A) Mobile phones

• • B) Internet

• • C) Steam power

• • D) GPS

Which of the following is an example of a trade bloc?

• • A) United Nations

• • B) World Trade Organisation

• • C) North American Free Trade Agreement (NAFTA)

• • D) International Monetary Fund

What is the KOF index primarily used to measure?

• • A) Environmental sustainability

• • B) Globalisation of countries based on political, economic, and social indicators

• • C) The effectiveness of international organisations

• • D) Economic growth in LEDCs

Which of the following statements is true regarding TNCs (Transnational Corporations)?

• • A) They operate solely within their home country.

• • B) They often have revenues larger than the GDPs of some countries.

• • C) They only produce goods, not services.

• • D) They are primarily based in low-income countries.

What is 'glocalisation'?

• • A) The process of local cultures rejecting global influences

• • B) The adaptation of global products to fit local needs

• • C) The establishment of global companies in local markets

• • D) The homogenisation of cultures around the world

Which of the following is a challenge faced by rapidly growing urban areas?

• • A) Decreased demand for services

• • B) Improved infrastructure

• • C) Strain on services like education and healthcare

• • D) Reduced crime rates

Which international organisation is known for promoting trade liberalisation?

• • A) World Bank

• • B) International Monetary Fund

• • C) World Trade Organisation

• • D) United Nations

What is one potential benefit of outsourcing manufacturing to countries like China?

• • A) Increased job security for local workers in the home country

• • B) Access to cheaper labor and production costs

• • C) Enhanced environmental regulations

• • D) Reduction in global supply chains