Globalization: The Basics

What is globalization?

• The process of increasing interdependence among countries

• The isolation of countries from each other

• The decline of international trade

• The reduction of cultural exchange.

Globalization involves the ______ of international trade and cultural exchange.

• increase

• decrease

• stagnation

• elimination

What does the map filled with brand logos primarily represent?

• Cultural diversity

• Globalization

• Economic disparity

• Political boundaries

The map uses brand logos to illustrate the concept of ______.

• Nationalism

• Isolationism

• Globalization

• Regionalism

What is globalization?

• The process of increasing interdependence among countries

• The isolation of countries from each other

• The decline of international trade

• The reduction of cultural exchange.

Globalization leads to increased ______ among countries.

• Isolation

• Interdependence

• Conflict

• Segregation

What is a key characteristic of globalization?

• Isolation of markets

• Integrated global market economy

• Decrease in trade

• Reduction in capital flow.

Globalization is marked especially by free trade, free flow of ______, and tapping of cheaper foreign labor markets.

• Goods

• Services

• Capital

• Information

Which of the following is NOT a type of connection mentioned in the context of globalization?

• Industrial

• Financial

• Biological

• Cultural

Globalization involves various types of connections such as Industrial, Financial, Economic, Political, Informational, and ____.

• Cultural

• Biological

• Historical

• Geographical