Globalization Reviewer: Key Points and Important Details
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Questions and Answers

What is globalization?

  • A process of reducing global connections
  • A process of integration and international influence of economies and cultures (correct)
  • A process of restricting trade
  • A process of isolation and local influence of economies and cultures
  • How does globalization affect the movement of goods?

  • It limits the exchange of goods between countries
  • It reduces restrictions to movements of capital and investments (correct)
  • It increases barriers to international trade
  • It reduces technology advancements in transportation
  • What is one example of globalization in economics mentioned in the text?

  • Increased barriers to international trades
  • Reducing global connections in economy
  • Multinational corporations operating only locally
  • Outsourcing providing new job opportunities in developing countries (correct)
  • How do multinational corporations benefit from globalization?

    <p>By providing 24-hour customer service across different locations</p> Signup and view all the answers

    What role does technology play in the process of globalization?

    <p>Technology advances can reveal more global outlets and reduce barriers to international trades</p> Signup and view all the answers

    How can outsourcing contribute to a struggling country's economic development?

    <p>By bringing new jobs to that country through multinational organizations</p> Signup and view all the answers

    How has globalization impacted the spread of cultures?

    <p>Through intermarriages from dating site meet-ups</p> Signup and view all the answers

    What is an example of how globalization benefits cultural exchanges?

    <p>Being able to enjoy Filipino and Korean food in various countries</p> Signup and view all the answers

    How has technology contributed to globalization?

    <p>By enabling immediate reporting of worldwide news via global networks</p> Signup and view all the answers

    What has facilitated the growth of globalization according to the text?

    <p>Improved travel options and job opportunities</p> Signup and view all the answers

    Which factor plays a significant role in pushing globalization according to the text?

    <p>Faster modes of travel like planes</p> Signup and view all the answers

    How does the internet contribute to globalization?

    <p>Enabling enrollment in online educational programs globally</p> Signup and view all the answers

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