Globalization and Its Impact

The video explores the history and impact of globalization, highlighting its benefits and challenges. It discusses the evolution of globalization from ancient trade routes to the digital age, and the geopolitical tensions affecting it today. The role of major economies, particularly China, and the shift towards a multipolar world are examined. The video also critiques the IMF's role in globalization and suggests areas for improvement in global finance and economic policies.

What is one of the main benefits of globalization mentioned in the video?

• Decrease in technological advancements

• Lifting millions out of poverty

• Reduction in global trade

• Increased local employment

Which historical trade route is mentioned as a root of globalization?

• The Viking Trade Route

• The Old Silk Road

• The Trans-Saharan Trade Route

• The Atlantic Slave Trade

What major event marked the beginning of the first wave of globalization?

• The Industrial Revolution

• The Age of Discovery

• The Digital Revolution

• The Fall of the Roman Empire

What has been one of the negative impacts of modern globalization?

• Mass job losses

• Reduction in global trade

• Decrease in technological advancements

• Increased global peace

What term is used to describe the economic policy of restricting imports to protect domestic industries?

• Globalization

• Free Trade

• Liberalization

• Protectionism

What event is described as revealing underlying 'geo-political tectonic plates'?

• Russia's invasion of Ukraine

• The Fall of the Soviet Union

• The Industrial Revolution

• The Digital Revolution

Which country has been one of the largest beneficiaries of globalization according to the video?

• Russia

• China

• Brazil

• India

What is one of the key areas that need to be corrected for the global economy to move forward?

• Decrease in local employment

• Reduction in technological advancements

• Regulation of global finance

• Increase in global trade

What is the core mission of the IMF as mentioned in the video?

• To guarantee global financial stability

• To protect domestic industries

• To reduce technological advancements

• To increase global trade

What does Kevin Gallagher suggest about the IMF's role in globalization?

• It has had no impact

• It has only helped developed countries

• It has been a big part of the problem

• It has been beneficial