Globalism in the Modern World

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Questions and Answers

What is the term used to describe the phenomenon of the world being interconnected through international trade, communications, and mass media?

  • Isolationism
  • Localism
  • Globalism (correct)
  • Nationalism

Why do Western companies outsource work to lower-paid foreign workers?

  • To support local employment
  • To promote global peace
  • To increase profits and save money (correct)
  • To reduce international trade

What is one potential benefit of globalism according to some people?

  • Enhanced cultural isolation
  • Increased competition among nations
  • Reduced likelihood of war between countries (correct)
  • Limited access to global markets

What concern do some critics of globalism have regarding its impact on ordinary workers?

<p>Rich people getting richer at the expense of ordinary workers (B)</p> Signup and view all the answers

Which union is mentioned in the text where bitter enemies from past wars are now partners?

<p>European Economic Union (A)</p> Signup and view all the answers

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