30 Questions
Which of the following is a potential consequence of a disruption in the supply chain?
Reduced economic cooperation
What is an example of a resource that can cause disruptions if its production is affected?
Rare earth metals
Why can disruptions in the production of rare earth metals be a risk?
They are essential for renewable energy construction
Which country is a major producer of rare earth metals?
China
What can disrupt the production of copper?
All of the above
Why can disruptions in the production of copper be a risk?
Copper is essential for renewable energy construction
Which country is a major producer of copper?
Chile
What can disruptions in the supply chain lead to?
Reduced political cooperation
What can disruptions in the supply chain result in?
Reduced political cooperation
Which of the following is a characteristic of globalization?
Increased interactions between citizens of different countries
What is the main difference between globalization and nationalism?
Globalization involves economic and financial cooperation, while nationalism focuses on limited cooperation
What motivates companies to engage in globalization?
Increasing profits, accessing resources and markets, and intrinsic gain
How can companies increase profits through globalization?
By increasing sales and reducing costs
Why do non-state actors participate in globalization?
To access resources and markets
What type of flows are short-term investments in foreign assets?
Portfolio investment flows
What can facilitate or accelerate globalization?
Political cooperation
What is globalization?
The process of interaction and integration among people, companies, and governments worldwide
What has been the trend in the World Bank Openness Index over the years?
It has increased from 27 percent in 1970 to over 60 percent in 2019
What are some of the headwinds that globalization has experienced since 2008?
All of the above
How are automobiles typically produced in a globalized world?
Parts are made in multiple countries, assembled in another country, and sold in a third country
What does the process of globalization provide for companies in terms of their products?
Opportunities to find the best inputs for their product
What opportunities does globalization provide for investors worldwide?
Opportunities to invest in the process of supply chain management and logistics
What has been the impact of the Global Financial Crisis on globalization?
It has decreased some countries’ appetite for using imported products or services
Which of the following is NOT a potential disadvantage of globalization?
Increased labor mobility
What is intrinsic gain in the context of globalization?
A side effect or consequence of an activity that generates a benefit beyond profit itself
What can be a potential consequence of globalization on environmental resources?
Reduced environmental quality
What is one example of intrinsic gain mentioned in the text?
Personal growth or education from expanding horizons
What are some of the benefits of globalization mentioned in the text?
Increased choice, higher quality goods, and increased labor mobility
What is a potential political consequence of globalization?
Differences in opportunity
How can globalization contribute to income and wealth inequality?
By creating unequal accrual of economic and financial gains
Test your knowledge on foreign direct investments (FDI) and globalizing actors in this quiz. Learn about the long-term investments in foreign countries and the processes established by companies and organizations for cross-border investments.
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