Understanding Globalisation

What is globalisation and how does it affect economies?

• Globalisation refers to the decline of international trade and investment.

• Globalisation only benefits developed countries and harms developing ones.

• Globalisation is the isolation of economies from each other.

• Globalisation is the process of increased interconnectedness among countries, affecting economies by promoting trade, investment, and competition.

Name three positive impacts of globalisation on culture.

• Decreased cultural exchange and isolation.

• Limited access to local traditions and customs.

• 1. Increased cultural exchange and diversity. 2. Greater access to global art and entertainment. 3. Enhanced understanding and appreciation of different cultures.

• Increased cultural homogeneity and uniformity.

What are some negative consequences of globalisation for local businesses?

• Strengthened local supply chains

• Enhanced cultural diversity

• Increased competition, loss of market share, cultural homogenization, and disruption of local economies.

• Increased local employment opportunities

How has technology influenced the process of globalisation?

• Technology has accelerated globalisation by improving communication, transportation, and cultural exchange.

• Technology has slowed down globalisation by limiting communication.

• Technology has only affected local economies, not global ones.

• Technology has no impact on globalisation processes.

Explain the role of international organisations in promoting globalisation.

• International organisations are primarily concerned with cultural exchanges.

• They focus solely on environmental issues without economic impact.

• International organisations restrict trade and investment.

• International organisations facilitate trade, provide financial support, and establish regulations that promote globalisation.

What is the difference between economic and cultural globalisation?

• Economic globalization is unrelated to cultural exchanges.

• Economic globalization is solely about technology transfer.

• Cultural globalization only involves the spread of languages.

• Economic globalization focuses on financial and trade interdependence, while cultural globalization emphasizes the exchange of cultural elements.

How does globalisation affect environmental sustainability?

• Globalisation has no impact on environmental sustainability.

• Globalisation only harms environmental sustainability without any benefits.

• Globalisation can both harm and help environmental sustainability, depending on management and regulations.

• Globalisation leads to a complete restoration of environmental health.

Discuss the impact of globalisation on employment patterns.

• Globalisation leads to a decrease in job opportunities worldwide.

• Globalisation impacts employment patterns by outsourcing jobs, creating new opportunities in emerging markets, and increasing competition for labor.

• Globalisation only benefits high-skilled workers, leaving low-skilled workers unaffected.

• Globalisation has no effect on employment patterns.

What are trade agreements, and how do they relate to globalisation?

• Trade agreements are formal arrangements between countries that facilitate trade, and they are essential to the process of globalisation by promoting economic integration.

• Trade agreements are only beneficial for developed countries.

• Trade agreements are informal discussions without legal binding.

• Trade agreements eliminate all tariffs and taxes.

How can countries balance globalisation with protecting local traditions?

• Encouraging complete assimilation into global culture

• Countries can balance globalization with protecting local traditions by promoting local culture, supporting artisans, enforcing heritage regulations, and integrating traditions into global markets.

• Promoting only foreign traditions over local ones

• Banning all forms of international trade