Understanding Globalisation

What is globalisation?

• Globalisation is the process of countries becoming self-sufficient.

• Globalisation is the process of increased interconnectedness and interdependence among countries.

• Globalisation refers to the decline of international trade.

• Globalisation is the isolation of countries from each other.

Name one cause of globalisation.

• Increased trade tariffs

• Decline of international relations

• Reduction in communication barriers

• Advancement of technology

How does technology contribute to globalisation?

• Technology decreases the speed of information exchange.

• Technology limits access to global markets.

• Technology contributes to globalisation by improving communication, transportation, and the exchange of ideas across borders.

• Technology isolates countries from each other.

What role do multinational corporations play in globalisation?

• They focus solely on local markets, ignoring global opportunities.

• Multinational corporations hinder trade and investment, slowing globalization.

• Multinational corporations facilitate trade, investment, and cultural exchange, driving globalization.

• Multinational corporations are primarily concerned with environmental issues, not globalization.

How does trade affect globalisation?

• Trade has no impact on globalization.

• Trade significantly accelerates globalization by enhancing economic interconnectivity and cultural exchange.

• Trade decreases cultural exchange between nations.

• Trade only benefits developed countries.

What is cultural exchange in the context of globalisation?

• Cultural exchange refers to the dominance of one culture over another.

• Cultural exchange is the sharing and blending of cultural elements between societies due to globalization.

• Cultural exchange is the isolation of cultural practices from other societies.

• Cultural exchange is the rejection of foreign cultural influences.

How does globalisation impact local economies?

• Globalisation impacts local economies by creating opportunities for growth and competition, but it can also lead to challenges such as job displacement and cultural changes.

• Globalisation has no effect on local economies.

• Globalisation eliminates all job opportunities in local economies.

• Globalisation only benefits large corporations without impacting local businesses.

What is the significance of the internet in globalisation?

• The internet isolates local cultures from global influences.

• The internet has no impact on international trade.

• The internet is primarily used for entertainment purposes only.

• The internet is crucial for globalization as it connects people and businesses worldwide, enabling communication, trade, and cultural exchange.

Name a positive effect of globalisation.

• Increased economic growth

• Worsening environmental conditions

• Increased unemployment rates

• Decreased cultural exchange

Name a negative effect of globalisation.

• Job losses in local industries

• Increased cultural exchange

• Higher economic growth

• Improved access to technology