Globalization Concepts and Impacts

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Questions and Answers

What is one of the main effects of globalization on countries?

  • Increased isolation from technology
  • Reduction of foreign investments
  • Closure of national borders
  • Embracing new technologies and opportunities (correct)

How does the Internet contribute to globalization?

  • By increasing the digital divide
  • By limits on the flow of information
  • By facilitating exchanges of culture (correct)
  • By promoting isolationisms

What role does AI and IoT play in logistics?

  • They complicate the logistics process
  • They hinder the tracking of assets
  • They provide efficient tracking of assets in transit (correct)
  • They eliminate the need for logistics

Which technology has drastically increased the speed of wireless networks?

<p>4G and 5G Technology (D)</p> Signup and view all the answers

What does blockchain technology primarily facilitate?

<p>Decentralization of data management (C)</p> Signup and view all the answers

What is a key characteristic of manufacturing automation?

<p>Flexibility in production processes (D)</p> Signup and view all the answers

How do 3D printers contribute to manufacturing?

<p>By fusing materials in layers (B)</p> Signup and view all the answers

What is the primary focus of logistics in transportation?

<p>Planning, coordinating, and managing the movement of goods (B)</p> Signup and view all the answers

Flashcards

Globalization

The increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas.

Foreign Investment

Investment made by individuals or companies from one country into businesses or assets in another country.

Digital Divide

The gap between those who have access to technology and information, and those who do not.

Artificial Intelligence (AI)

The development of computer systems able to perform tasks that normally require human intelligence, like learning, problem-solving, and decision-making.

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Internet of Things (IoT)

The network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data.

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Transportation and Logistics

The movement of goods and people from one location to another; the coordination and management of this movement.

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Communication Technology

Tools and techniques for transmitting information, including mobile networks and 4G/5G technology.

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Blockchain

A decentralized, secure, and transparent database that records transactions in a chain of blocks.

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Manufacturing Automation

Using computers and machines to automate the production process.

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3D Printing

An additive manufacturing method where materials are layered to create 3D objects.

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Study Notes

Globalization Concepts

  • Globalization is the increasing interdependence of countries' economies, cultures, and populations.
  • It's driven by cross-border trade, technology, investment, people, and information flow.
  • Countries, even those previously isolated, are opening their borders to embrace new technologies and opportunities.
  • Globalization is a current and inevitable world trend.
  • President Marcos has promoted globalization in the Philippines by encouraging foreign investment.

Globalization Objectives

  • Analyze how globalization affects nations.
  • Evaluate how a country can compete in the global economic landscape.
  • Propose ways to enhance a nation's competitiveness in the global market.

Globalization Factors

  • The Internet: Increased flow of information and knowledge; access to new ideas; cultural exchange; closing of the digital divide.
  • AI and IoT: Enables tracking of assets in transit.
  • Transportation and Logistics: Facilitates faster movement of goods and people.
  • Communication Technology: Enables faster and more responsive wireless networks (like 4G and 5G).
  • Block Chain: Decentralizes databases, facilitating secure data access.
  • Manufacturing: Automation increases production process speed and supply chain flexibility; 3D printing creates new objects.

Competitive Advantage

  • Competitive advantage is how a company outperforms its industry peers.
  • Factors that contribute to competitive advantage are company-specific qualities.

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