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Globalization can be defined as the reduction of social relations and consciousness across world-time and world-space.
False
According to Steger (2014), globalization is related to the metaphors of solidity, liquidity, and electricity.
False
Save the Earth movements are an example of international organizations mentioned in the text.
True
The digital age factors play no role in shaping society according to Danug & Campanilla (2004).
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Multiple globalizations refer to the idea that only material elements are being globalized.
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Globalization leads to the isolation of economies and societies.
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High-income nations like the United States and Germany are considered part of the periphery in the global economy.
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Singapore and South Korea are classified as semi-periphery countries due to their movement towards industrialization and diversified economies.
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Brazil is considered part of the global economic core along with countries like the United States and the United Kingdom.
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Japan is categorized as a high-income nation in the global economy due to its strong manufacturing base and technological advancements.
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Scandinavian countries are primarily known for being part of the semi-periphery in the global economy.
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Taiwan is moving towards industrialization and diversification, placing it in the semi-periphery category of nations.
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Labor-intensive production in the former Soviet Union and modern-day Cuba, China, and India countries does not involve market reforms.
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Highly developed countries no longer have societies using traditional economic systems.
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The Mixed Allocation System combines labor-intensive and capital-intensive production methods exclusively.
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Most countries today, such as Sweden and the US, are classified under the World Bank Four-Category System.
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In command economies, constituents have no freedom and limited economic choices.
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The European empires set up global supply chains with all the countries around the world, including those they did not own as colonies.
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The colonial model of the European empires was mainly based on cooperation and mutual benefit with their colonies.
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The first wave of globalization started during the First Industrial Revolution in France.
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The outbreak of World War I in 1914 did not have any impact on globalization; trade continued unaffected by the war.
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The Great Depression in the US had no consequences for the global economy or financial markets.
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Investment becoming a norm during the First Industrial Revolution led to a decrease in machine usage and an increase in manual labor.
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Media ethics involves ensuring accuracy, objectivity, and fairness in reporting information.
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Mainstreaming refers to the process of highlighting the role of media in shaping individual perceptions and behaviors within society.
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Propaganda in news involves providing multiple perspectives on a controversial issue.
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One of the ethical standards of journalism involves avoiding conflict of interest to ensure unbiased reporting.
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Transmission of social heritage to the audience is a key aspect of socialization and education through media.
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Media professionals should prioritize entertainment over accuracy when reporting news.
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