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10 Questions

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Globalization and Interconnected Places

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Questions and Answers

What is one result of globalisation according to the text?

Improved transport and communication (correct)

Decreased trade and cultural exchange

Neglect of infrastructures

Limited job opportunities

What are some advantages of Transnational Corporations (TNCs) locating in a country?

Limited job creation, unstable income, lack of investment in infrastructure

Creation of jobs, stable income, improved education and skills (correct)

Profits going to locals, reinvestment in local areas, secure jobs

Fewer workers employed, poor working conditions, natural resource exploitation

What is a characteristic of a Transnational Corporation (TNC) according to the text?

Located in many countries (correct)

Restricted to operating in a single country

Focused on exploiting local resources only

Limited to a specific region

What is the primary driver of global trade according to the text?

Uneven distribution of materials and resources Signup and view all the answers

Why is there little trade between less economically developed countries (LEDCs)?

LEDCs have similar products and hence trade less with each other Signup and view all the answers

Why do multinational corporations often have factories in economically less developed countries?

To reduce the cost of labor as it is cheaper in economically less developed countries Signup and view all the answers

Which of the following regions has benefited more from global trade according to the World Bank?

China Signup and view all the answers

What are the actions identified as potential causes of fewer benefits of global trade in some parts of the world?

Unfavorable physical geography like landlocked countries Signup and view all the answers

What is one of the challenges in ensuring an ethical and environmentally sound production in the global supply chain?

Ensuring that every layer in the production meets ethical and environmental standards Signup and view all the answers

What do many organizations aim to achieve to develop a fairer trading system?

Ensure a stronger position for the product in the global market Signup and view all the answers