Globalization and Its Impacts

Globalization is the process of increased interconnectedness worldwide, driven by trade and cultural exchange. It has historical roots in early trade and exploration but has accelerated recently. Multinational corporations operate globally, impacting economies and cultures. While globalization offers benefits like affordable goods and cultural exchange, it also poses challenges such as job loss and environmental issues. The 2013 Bangladesh building collapse exemplifies these challenges. Globalization's effects are complex, neither wholly positive nor negative, and depend on future management.

What is the primary process through which globalization connects the world?

• Increased technological advancements

• Increased political agreements

• Increased trade and cultural exchange

• Increased military alliances

What are companies called that operate and sell products globally?

• Multinational corporations

• National corporations

• Regional businesses

• Local enterprises

How has globalization affected international trade?

• Decreased trade between countries

• Increased trade barriers

• Increased international trade

• Eliminated the need for trade

What is a feature of globalization related to goods and services?

• Restricted movement of goods

• Free movement of services and goods

• Increased tariffs on goods

• Limited production of goods

Besides products, what else is exchanged due to globalization?

• Only cultural artifacts

• Services, knowledge, entertainment, and languages

• Only political ideas

• Only financial resources

What is a negative impact of globalization on industrialized countries?

• Increased job opportunities

• Improved working conditions

• Job loss due to production moving abroad

• Higher wages for all workers

What issue arises in economically disadvantaged countries due to globalization?

• High wages and excellent working conditions

• Decreased pollution levels

• Strict enforcement of international laws

• Poor working conditions and low wages

What was the cause of the Rana Plaza collapse in Bangladesh?

• Unauthorized construction

• Fire outbreak

• Terrorist attack

• Natural disaster

How many people were injured and rescued alive in the Rana Plaza collapse?

• Less than 1,000

• Over 3,000

• 2,515

• None

What is the overall nature of globalization according to the video?

• Entirely negative

• Irrelevant to modern society

• Neither good nor bad

• Entirely positive