WorksheetsGlobalization
Total questions: 20
Worksheet time: 13mins
is a process by which business or other organizations develop international influence or start operating on an international scale.
(a)
Ohmae 1992 defined globalization as
the free movement of goods, services, and people across the world in a seamless and integrated manner.
the ability to move and communicated easily with others all over the world in order to conduct business internationally.
the interconnectedness of people and business across the world that eventually lead to global, cultural, political, and economic integration.
the onset of the borderless world
Which of the following is NOT one of the merits of Globalization?
Sovereignty of a country and company/ institution may be at stake.
Productivity grows more quickly when countries produce goods and services in which they are of comparative advantage.
Exports jobs often pay more than other jobs.
Unfettered capital flow keeps interest rates low.
Which of the following is one of the demerits of Globalization?
An open economy spurs fast innovation with fresh ideas from abroad.
Global competition and imports keep a lid on prices such that inflation is less likely to derail economic growth.
Workers face pay cut demands from employers who often threatens to export jobs.
Countries liberalize their visa rules and procedures so as to permit the full flow of people from country to country.
Which of the following is NOT one of the demerits of Globalization?
Sovereignty of a country and company/ institution may be at stake.
Living standards go up faster.
Several people lose their jobs when companies import cheap labor or materials or shift production abroad.
Unregulated globalization can cause serious problems to poor and developing countries.
Which of the following is one of the merits of Globalization?
It results in freeing up the unproductive sector to investment and the productive sector to export related activities.
Workers face pay cut demands from employers who often threatens to export jobs.
Unregulated globalization can cause serious problems to poor and developing countries.
High foreign stake on industries where it is not necessarily needed could affect the economic growth of domestic enterprise.
It refers to barriers that prevent or make the movement of "things" in globalization difficult.
(a)
It refers to the increasing ease of movement of people, things, information, and places in the contemporary world.
(a)
These are the movement of people, things, places, and information brought by the growing "porosity" of global limitations.
(a)
It is the import by non-Americans of products, images, technologies, practices, and behavior that are closely associated with America/Americans.
(a)
Which of the following is an example of solid in Globalization?
landforms and bodies of water
changes in the stock market
viral videos on social media
foreign cuisines being patronized
Which of the following is an example of liquid in globalization?
modern man-made such as the nine-dash line
different foreign cuisines being patronized and consumed
virtual flow of legal and illegal information
changes in the stock market
Which of the following is NOT an example of flows in globalization?
viral videos uploaded on You Tube or Facebook
global financial crises
virtual flow of legal and illegal information
poor illegal migrants flooding many parts of the world
What do you think is the best benefit of globalization towards the economy?
What do you think is the worst negative impact of globalization in terms of politics?
It refers to the increasing sameness in the world as cultural inputs, economic factors, and political orientations of societies expand to create common practices, same economies, and similar forms of government.
(a)
It refers to the differences because of either lasting differences or of the hybrids or combinations of cultures that can be produced though the different trans planetary processes.
(a)
It is a process by which Western societies are dominated by the principles of fast food restaurants.
Restaurant Invasion
Americanization
McDonaldization
Imperialism
Give at least one example of homogeneity in globalization.
Give at least one example of heterogeneity in globalization.
