Globalization and Millennials

One of the main reasons for globalization is improvements in ______.

• Agriculture

• Transportation

• Local trade

• Domestic policies

The ______ promotes free trade between countries by removing barriers.

• IMF

• World Bank

• WTO

• UN

Globalization allows companies to take advantage of cheaper labor costs in ______.

• Developed countries

• Underdeveloped countries

• LEDCs (Less Economically Developed Countries)

• Rural areas

A negative impact of globalization is that it primarily benefits ______.

• Poor countries

• Wealthy countries

• Small businesses

• Local industries

Globalization can lead to the exploitation of workers in poor countries due to weak ______.

• Technology

• Regulations

• Education systems

• Infrastructure

Critics argue that globalization threatens ______ by replacing local traditions with Western culture.

• Economic growth

• Political stability

• Cultural diversity

• Environmental policies

The "brain drain" issue refers to skilled workers leaving ______ for better opportunities abroad.

• Rich countries

• Third World countries

• Urban areas

• Small businesses

Ethical concerns in globalization include the ______ between rich and poor.

• Technological gap

• Income inequality

• Educational divide

• Political differences

The WTO has been criticized for ignoring ______ and environmental concerns.

• Labor rights

• Trade policies

• Corporate profits

• Government regulations

A solution to ethical problems in globalization is ______ to help poorer countries develop.

• Reducing aid

• International cooperation

• Increasing tariffs

• Limiting trade