Globalization and Its Impact

Globalization is a constant process that affects everyone and supports many livelihoods worldwide. It is not the responsibility of any single country but a shared global interest. Individuals contribute to globalization through everyday activities, and the economic dependence on trade is growing, especially in countries like China. The video emphasizes the importance of global integration and the mutual benefits it brings.

What is the main idea behind the concept of globalization as introduced in the video?

• It is a process controlled by a few countries.

• It is a phenomenon that occurs occasionally.

• It is primarily driven by technological advancements.

• It is a global process supported by everyone's actions.

What does the book 'The Travels of a T-Shirt in the Global Economy' illustrate about globalization?

• It only benefits wealthy nations.

• It affects people at all economic levels.

• It is a recent development in global trade.

• It is primarily focused on the fashion industry.

How does the video describe the role of phone calls in globalization?

• They are irrelevant to globalization.

• They are a minor aspect of globalization.

• They contribute to globalization.

• They hinder the process of globalization.

Who is responsible for maintaining global integration according to the video?

• International organizations like the UN.

• Only developed countries like the USA and Europe.

• Emerging economies like China.

• Every individual and country worldwide.

Why is globalization considered beneficial for countries?

• It reduces the need for exports.

• It focuses solely on technological growth.

• It increases a country's GDP through trade.

• It eliminates the need for local industries.

What is a significant factor contributing to China's high dependency on trade?

• Its high savings rate and low consumption.

• Its focus on domestic markets.

• Its high consumption rate.

• Its low savings rate.

What trend is observed in the share of GDP dependent on trade for countries other than China?

• It is decreasing.

• It remains constant.

• It is increasing.

• It fluctuates unpredictably.