Global Market Integration in the 20th Century
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Questions and Answers

What can be defined as markets in which prices for comparable goods do not behave independently?

  • Global markets
  • Local markets
  • Regional markets
  • Integrated markets (correct)
  • Which area experienced labor market integration between 1982 and 1936 according to the text?

  • South America
  • Asia (correct)
  • Europe
  • North America
  • What was a principal feature of globalization in the late 19th century as mentioned in the text?

  • Mass migration of Indians and Chinese to Southeast Asia (correct)
  • Mass migration of Africans to Europe
  • Mass migration of Europeans to Asia
  • Mass migration of Indians and Chinese to Africa
  • In the 1980’s, what mode of transport largely replaced sailing vessels within Asia and to Western markets?

    <p>Steamships</p> Signup and view all the answers

    Immigration to Southeast Asia in response to its growing demand for workers derived from what according to the text?

    <p>Rapidly expanding demand in core industrial countries for Southeast Asian workers</p> Signup and view all the answers

    How is a global business defined according to the text?

    <p>Maintains a strong headquarter in one country but has investments in multiple foreign locations</p> Signup and view all the answers

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

    <p>Increased interdependence in economic and cultural activities among nations</p> Signup and view all the answers

    How does globalization impact inflation according to the text?

    <p>Global competition and imports due to globalization keep a lid on prices, reducing the likelihood of inflation</p> Signup and view all the answers

    What is a potential benefit of countries liberalizing their visa rules according to the text?

    <p>Encouraging cultural exchange and cooperation</p> Signup and view all the answers

    How does globalization affect living standards according to the text?

    <p>Living standards go up faster due to globalization</p> Signup and view all the answers

    What is one characteristic of transactions in a globalized world as per the text?

    <p>Transactions involving intellectual properties occur across the globe</p> Signup and view all the answers

    What is a negative consequence of over-fishing of the ocean linked with globalization as mentioned in the text?

    <p>Decrease in food availability</p> Signup and view all the answers

    Which words were unknown up until the very end of the 20th century?

    <p>Global, globality, globalism</p> Signup and view all the answers

    What is the common view shared by all definitions of globalization mentioned in the text?

    <p>Globalization transcends nation-state borders</p> Signup and view all the answers

    What has resulted in enumerable contradicting definitions of globalization?

    <p>The recent popularized concept of globalization</p> Signup and view all the answers

    Which characteristic of globalization has led to resistance movements according to the text?

    <p>Transcending nation-state borders</p> Signup and view all the answers

    What is also referred to as world economy according to the text?

    <p>Global economy</p> Signup and view all the answers

    What is one of the ideological movements of resistance to globalization mentioned in the text?

    <p>'Mass demonstrations staged in various countries'</p> Signup and view all the answers

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