Podcast
Questions and Answers
When did the term 'globalization' come into popular use?
When did the term 'globalization' come into popular use?
- In the 1990s (correct)
- In the 1970s
- In the 1980s
- In the 1960s
What does globalization primarily involve?
What does globalization primarily involve?
- Environmental conservation efforts
- Cultural isolation and preservation
- Economic process of interaction and integration (correct)
- Political dominance and control
What technological advancements contributed to the origins of globalization?
What technological advancements contributed to the origins of globalization?
- Advances in medical technology
- Advances in agricultural technology
- Advances in transportation and communications technology (correct)
- Advances in energy production technology
What has the increase in global interactions caused?
What has the increase in global interactions caused?
What does the expansion of global markets do?
What does the expansion of global markets do?
Flashcards
When did 'globalization' become popular?
When did 'globalization' become popular?
The term 'globalization' became widely used in this decade.
What is the main focus of globalization?
What is the main focus of globalization?
Primarily an economic process involving interaction and integration on a worldwide scale.
What tech boosted globalization?
What tech boosted globalization?
Improvements in transportation and communication methods.
What did global interactions increase?
What did global interactions increase?
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What does global market expansion do?
What does global market expansion do?
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Study Notes
Origins of Globalization
- The term 'globalization' came into popular use in the 1990s.
Characteristics of Globalization
- Globalization primarily involves the increasing integration of economies worldwide through international trade, investment, and the flow of ideas.
Technological Enablers
- The advent of the internet, improvements in transportation, and advancements in communication technologies contributed to the origins of globalization.
Consequences of Globalization
- The increase in global interactions has led to the growth of multinational corporations and the emergence of new global players.
- Global interactions have also resulted in the transfer of ideas, cultures, and values across borders.
Impact on Markets
- The expansion of global markets has led to increased competition, new business opportunities, and the creation of new jobs.
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