Globalization Study Questions
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Questions and Answers

According to Friedman (1999), what does globalization enable corporations, countries, and individuals to do?

  • Reach around the world farther, faster, deeper, and cheaper than ever before (correct)
  • Intensify interactions and increase movement of money, people, goods, and ideas
  • Expand and intensify social relations and consciousness across world-time and world-space
  • Inexorably integrate markets, transportation systems, and communication systems

    • What is the main focus of globalization according to Harvey (1989)?

  • Time-space compressions (correct)
  • Integration of the world-economy
  • Expansion and intensification of social relations
  • Inexorable integration of markets and communication systems

    • How does Guest (2017) define globalization?

  • Expansion and intensification of social relations and consciousness across world-time and world-space
  • Worldwide intensification of interactions and increased movement of money, people, goods, and ideas within and across national borders (correct)
  • De-territorialization and growth of supraterritorial relations between people
  • Inexorable integration of markets, transportation systems, and communication systems

    • How has the theory of time-space compression been impacted by rapid innovation in communication and transportation technologies?

    <p>It has transformed the way we perceive space and time.</p> Signup and view all the answers

    What is the primary reason for companies to move their production facilities around the world?

    <p>To take advantage of cheaper labor and lower taxes.</p> Signup and view all the answers

    What is the main difference between offshoring and outsourcing?

    <p>Offshoring involves relocating business processes while outsourcing does not involve relocation.</p> Signup and view all the answers

    What does the hyperglobalist perspective of globalization emphasize?

    <p>The declining relevance and authority of nation-states</p> Signup and view all the answers

    According to the skeptical perspective, how do current international processes appear?

    <p>Fragmented and regionalized</p> Signup and view all the answers

    What is the main characteristic of the hyperglobalist perspective?

    <p>Declining relevance and authority of nation-states</p> Signup and view all the answers

    How does the skeptical perspective differ from the hyperglobalist perspective?

    <p>By viewing international processes as fragmented and regionalized</p> Signup and view all the answers

    Study Notes

    Globalization and its Concepts

    • Globalization enables corporations, countries, and individuals to connect with each other and access global markets, resources, and technologies (Friedman, 1999).
    • The main focus of globalization is the spatial reorganization of economy and society, resulting in the erosion of time and space (Harvey, 1989).
    • Globalization is defined as the increasing interconnectedness of economies and societies, driven by advances in technology and global trade (Guest, 2017).

    Impacts of Technological Innovation

    • Rapid innovation in communication and transportation technologies has accelerated the theory of time-space compression, allowing for faster and more efficient global interactions.

    Production and Sourcing

    • The primary reason for companies to move their production facilities around the world is to take advantage of lower labor costs, access new markets, and increase competitiveness.
    • Offshoring involves relocating a company's production facilities to another country, while outsourcing involves contracting with a third-party provider to perform specific tasks or services.

    Hyperglobalist and Skeptical Perspectives

    • The hyperglobalist perspective emphasizes the emergence of a single, integrated global economy, characterized by the free flow of goods, services, and capital across national borders.
    • From the skeptical perspective, current international processes appear to be shaped by the interests of powerful nations and corporations, leading to unequal economic outcomes and limited global convergence.
    • The main characteristic of the hyperglobalist perspective is its emphasis on the erosion of national borders and the rise of a global, neoliberal economy.
    • The skeptical perspective differs from the hyperglobalist perspective in its emphasis on the continued importance of national governments and the uneven distribution of economic power and benefits.

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    Description

    Test your understanding of globalization with this quiz focusing on defining globalization, key dynamics, theories, perspectives, and differentiating westernization from glocalization.

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