What is Globalization?

The video explores the concept of globalization, tracing its roots from ancient trade routes to modern interconnected economies. It discusses the inevitability of globalization due to the finite nature of Earth and the need for self-sufficiency. Historical trade routes like the Silk Road are highlighted, along with the impact of European colonialism. The video also addresses modern globalization, emphasizing the role of technology and the free flow of goods and ideas. Recent challenges such as Brexit and the Trump administration's policies are discussed, along with geopolitical tensions involving Russia and China. Despite these challenges, the video argues that globalization will continue to grow, driven by the need for global integration.

Which ancient trade route connected China to Europe?

• The Roman Road

• The Silk Road

• The Persian Path

• The Viking Trail

What technological advancement in the Enlightenment period boosted global trade?

• Telegraph

• Railroads

• Ship rigged merchant vessels

• Steam engines

Who coined the term 'globalization' in 1983?

• Adam Smith

• Karl Marx

• Milton Friedman

• Theodore Levitt

What does globalization primarily involve?

• Political independence

• Cultural homogeneity

• Isolation of countries

• Free flow of money, goods, people, and ideas

What was the outcome of the UK's 2016 referendum?

• Strengthened ties with the EU

• Brexit

• Increased immigration

• Adoption of the Euro

Which policy did President Trump promote that affected globalization?

• Global Unity

• Open Borders

• Free Trade

• America First

Which country is leading a new vision of globalization with its New Silk Road initiative?

• Brazil

• China

• Russia

• India