The Impact of Globalisation on Business and Society

Globalisation is a complex topic involving the worldwide integration of countries through technology, communication, and trade. It allows for faster exchange of goods and information, impacting businesses and economies. While it offers benefits like affordable products and cultural exchange, it also poses challenges such as job displacement and environmental issues. Globalisation's effects are multifaceted, and its value depends on how societies manage its opportunities and challenges.

What technological advancements have contributed to the growth of globalisation?

• Typewriters and telegraphs

• Television and radio

• Mobile phones and the internet

• Steam engines and railways

How does globalisation affect competition among companies?

• It allows companies to collaborate more easily.

• It forces companies to merge with each other.

• It eliminates competition entirely.

• It introduces new competitors from different countries.

Besides products, what else is exchanged due to globalisation?

• Only cultural goods

• Only services

• Services, knowledge, and cultural goods

• Only economic goods

What is a potential negative impact of globalisation on employment?

• Increased job opportunities in industrialised countries

• Job losses in industrialised countries

• Higher wages in economically disadvantaged countries

• Decreased job opportunities in economically disadvantaged countries

Why might workers in economically disadvantaged countries remain poor despite job opportunities?

• They receive high wages.

• They have excellent social insurance.

• They work for very little money.

• They have strong health insurance coverage.

What environmental issue is exacerbated by globalisation?

• Soil erosion

• Water pollution

• Deforestation

• Climate change

How does the transportation of goods contribute to environmental problems?

• It decreases the use of fossil fuels.

• It reduces carbon emissions.

• It increases carbon emissions.

• It has no impact on carbon emissions.

What is often ignored due to the cost factors in globalisation?

• National security standards

• National environmental standards

• National health standards

• National educational standards

What is the main cause of global warming mentioned in the context of globalisation?

• Increased use of renewable energy

• Decreased industrial activity

• Increased carbon dioxide emissions

• Decreased transportation of goods

What is the overall perspective on globalisation according to the transcript?

• It is entirely beneficial.

• It should be avoided at all costs.

• It is neither inherently good nor bad.

• It is entirely harmful.