Globalization and Trade Concepts

The video provides a comprehensive overview of global systems and governance, focusing on globalization, trade relationships, and market access. It discusses trends in global trade, such as increased trade volume and fair trade, and examines the banana trade as a case study. The impact of globalization on inequality and power dynamics is explored, with a focus on the role of TNCs like Apple. The video also highlights the threats to Antarctica as a global common and the importance of global governance in protecting such areas. Finally, it emphasizes the need for sustainable development and cooperation to address global challenges.

What is the primary process through which countries become more connected in globalization?

• Nationalization

• Globalization

• Decentralization

• Isolation

Which of the following is NOT a flow that supports globalization?

• Labor

• Information

• Capital

• Isolation

What organization creates rules about how countries can trade?

• UNESCO

• WTO

• NATO

• IMF

What is the purpose of SDT agreements in trade?

• To increase tariffs for developed countries

• To promote isolationism

• To bypass tariffs for least developed countries

• To eliminate all trade barriers

Between which years did the volume of trade increase eight times?

• 1980 and 2008

• 1990 and 2010

• 1970 and 2000

• 2000 and 2020

What is the longest trade war in history related to?

• Electronics

• Oil

• Bananas

• Textiles

What percentage of global trade is accounted for by TNCs?

• 60%

• 70%

• 50%

• 80%

Which company is used as a case study for TNCs in the video?

• Samsung

• Microsoft

• Apple

• Google

What is a major threat to Antarctica discussed in the video?

• Deforestation

• Urbanization

• Desertification

• Climate change

What international agreement is crucial for managing Antarctica's ecosystem?

• Paris Agreement

• Antarctic Treaty

• Kyoto Protocol

• Montreal Protocol