Globalization

Supporters of globalization argue that as the economies of developing countries grow, which of the following will happen?

• Poverty will decrease and living standards will improve.

• Trade barriers will increase.

• Developed countries will become poorer.

• Global conflicts will rise.

The strongest argument against globalization is the ______ cannot sustain a growing global economy.

• planet
• coutnry

• government

• population

Globalization refers to:

• The process of increasing interconnectedness and interdependence among countries.

• The isolation of countries from each other.

• The decline of international trade and communication.

• The restriction of cultural exchange between nations.

Globalization has increased:

• isolation

• interdependence

• localization

• autarky

Globalization has changed the most prominent companies by:

• Making them more local-focused

• Limiting their market reach

• Increasing their international presence

• Reducing competition

Which of the following are effects of globalization?

• Increased cultural exchange, economic growth, and spread of technology

• Decreased international trade, isolation, and reduced communication

• Decline in global connectivity, less access to information, and fewer job opportunities

• Reduction in foreign investment, less travel, and shrinking markets

Improvements in transportation have influenced globalization in which way?

• By increasing the speed and efficiency of moving goods and people across borders

• By limiting international trade and communication

• By making travel and shipping more expensive

• By reducing the need for international cooperation

The internet and mobile technology have influenced globalization by:

• Increasing global connectivity and communication

• Reducing access to information

• Limiting international trade

• Decreasing cultural exchange

Labor-intensive industries move to less economically developed countries because:

• Labor is cheaper in these countries.

• There is better technology available.

• There are stricter labor laws.

• There is a higher demand for luxury goods.

An inward investment is:

• Money invested in a country by individuals or companies from another country.

• Money invested by local businesses within the same country.

• Government spending on public infrastructure.

• Profits earned by exporting goods.