Advancements in Technology and Globalization Drivers
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Questions and Answers

What is the main rationale for policymakers to coordinate macroeconomic policies among countries?

  • To address issues like global imbalances and economic spillovers (correct)
  • To manage currency risks and stabilize exchange rates
  • To promote innovation and technology transfer
  • To ensure workforce adaptability and social protection

    • What is a key consideration for policymakers regarding intellectual property rights in a globalized economy?

  • Ensuring the resilience of global supply chains
  • Stabilizing exchange rates and managing currency risks
  • Promoting access to knowledge for development (correct)
  • Implementing labor market reforms and social policies

    • Which of the following is a key aspect of economic policy related to global supply chains?

  • Coordinating macroeconomic policies among countries
  • Recognizing the significance of global supply chains and ensuring their resilience (correct)
  • Implementing labor market reforms and social policies
  • Protecting intellectual property rights to foster innovation and technology transfer

    • How can policymakers address the impact of globalization on labor markets?

    <p>By implementing labor market reforms and social policies to ensure workforce adaptability and social protection (B)</p> Signup and view all the answers

    Which of the following is a key consideration for policymakers in the era of globalization?

    <p>Coordinating macroeconomic policies among countries to address global imbalances and economic spillovers (B)</p> Signup and view all the answers

    How can policymakers balance the protection of intellectual property rights and promoting access to knowledge for development in a globalized economy?

    <p>By striking a balance between protecting intellectual property and promoting access to knowledge for development (A)</p> Signup and view all the answers

    What is one implication of globalization for monetary policy?

    <p>Stabilizing exchange rates (C)</p> Signup and view all the answers

    How does globalization impact income inequality?

    <p>It can exacerbate income inequality within and between countries (B)</p> Signup and view all the answers

    Which factor drives global financial markets and capital flows as mentioned in the text?

    <p>Technology advancements (C)</p> Signup and view all the answers

    What do nations often adjust their trade policies for in the context of globalization?

    <p>To promote exports and attract investments (C)</p> Signup and view all the answers

    How do improvements in transportation infrastructure affect global trade according to the text?

    <p>They make it easier and more cost-effective to move goods internationally (A)</p> Signup and view all the answers

    What may countries have to manage in relation to labor and employment due to globalization?

    <p>Deal with the movement of jobs to countries with lower labor costs (A)</p> Signup and view all the answers

    What is a key aspect of economic policymaking in the era of globalization?

    <p>Effective international cooperation and engagement with global institutions (C)</p> Signup and view all the answers

    What is a key focus for policymakers in ensuring the benefits of globalization are broadly shared?

    <p>Focusing on inclusive growth strategies (A)</p> Signup and view all the answers

    What is a key driver of globalization mentioned in the text?

    <p>Reduction of trade barriers (D)</p> Signup and view all the answers

    How should economic policy in a globalized world be characterized?

    <p>Flexible and adaptive to respond to rapidly changing global economic conditions and emerging challenges (D)</p> Signup and view all the answers

    What is a key driver of globalization mentioned in the text?

    <p>Increased foreign direct investment (A)</p> Signup and view all the answers

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