WorksheetsIssue 3 - Living in a Globalised World
Total questions: 17
Worksheet time: 12mins
With globalisation, ideas and activities around the world become interconnected. This has lead to an (a) relationship between local and global developments.
What are the driving forces of globalisation?
Developments in Transportation
Growth of SMCs
Developments in Technology
Growth of MNCs
Liberal Immigration Policies
Developments in Transportation has caused the world to 'shrink'. What does this refer to?
Countries are closer together
More ways of travelling to different countries
Shortened travelling time between countries
Inexpensive ways of travelling to different countries
What benefits do foreign owned Multi-National Corporations(MNCs) bring to a country?
Higher employment
Higher wages
Sharing of skills and technology
Environmental sustainability
Higher work-life balance
What benefits does the Advancements in Technology bring?
Opportunity for more collaboration
Ease of communication
Ability to work remotely
Online businesses can flourish
Why is having efficient transportation networks essential in a global economy?
Travel time can be reduced
More people can travel for work and leisure
To withstand inclement weather conditions
More people and goods can be transported around the world
Globalisation can impact countries, companies and (a) .
Countries can experience economic growth through:
FBI
FTA
FOMO
FDI
What happens during an Economic Downturn in a country?
Countries withdraw their investments in other countries
More jobs are created for citizens
Foreign PMETs may have to return to their home countries
Demand for goods and services increases
How do companies benefit from globalisation and branching out to other countries?
Lower production costs in host countries
Safer working environment in host countries
Higher educated work force in host countries
Greater reach to new customers
Which is NOT a struggle that Small and Medium Enterprises (SMEs) face?
Competition from MNCs
Losing market share and profits
Appealing to locals
Shortage of expertise
How does globalisation negatively impact individuals?
lack of job security
lower income
lack of job training
lack of variety of jobs
How can individuals respond to the negative economic impacts of globalisation?
Seek higher-paying jobs overseas
Upgrade their skills to remain employable
Accept that they have to work for a lower income
Request for support from the government
Cultural homogenisation is the process where local cultures:
borrow from foreign culture
are getting replaced by foreign culture
become more and more similar to foreign culture
blend with foreign culture
Singlish is an example of
cultural hybridisation
cultural homogenisation
Which is this an example of?
Cultural Homogenisation
Cultural Hybridisation
Why do some cultures reject cultural homogenisation?
It threatens local cultures
It is less popular
It may lead to a local culture dying
It is more expensive than local culture
