HSR 150: Understanding Globalization
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Questions and Answers

What is the primary factor that has contributed to the development of globalization?

  • Increased personal exchange and mutual understanding between nations
  • The spread of capitalist economic practices around the world
  • The formation of a global village
  • Great technological advancements in transportation and communication (correct)
  • What is the term used to describe companies that operate in multiple countries around the world?

  • Transnational corporations
  • Multinational corporations (correct)
  • International businesses
  • Global enterprises
  • What is a consequence of economic globalization?

  • Increased economic independence of countries
  • Slower widespread of technology
  • Growing economic interdependence of countries (correct)
  • Reduced cross-border transactions of goods and services
  • What is a characteristic of the intensification of global consciousness?

    <p>People's knowledge, awareness, and interests become global, not limited to local or regional contexts (B)</p> Signup and view all the answers

    What is a result of increased trade and cultural exchange in globalization?

    <p>Closer contacts between different parts of the world (A)</p> Signup and view all the answers

    What is an aspect of globalization that involves the spread of economic practices?

    <p>The spread of capitalist economic practices in increased number of states (D)</p> Signup and view all the answers

    What is one of the signs of globalization mentioned in the text?

    <p>Increase in international flow of foreign investment (B)</p> Signup and view all the answers

    What is a consequence of the increased flow of data and information across the world?

    <p>Greater international trade (A)</p> Signup and view all the answers

    What is an example of the spread of multicultural societies mentioned in the text?

    <p>Muslim communities in western European countries (A)</p> Signup and view all the answers

    What is a global issue that receives increased attention due to globalization?

    <p>Poverty (D)</p> Signup and view all the answers

    What is a technological advancement that facilitates globalization?

    <p>Internet (C)</p> Signup and view all the answers

    What is a result of the increased flow of labour and capital across national borders?

    <p>Decreased importance of national borders (C)</p> Signup and view all the answers

    Flashcards

    Globalization's Driver

    The primary factor that has contributed to the development of globalization is technological advancements in transportation and communication.

    Multinational Corporations

    Companies that operate in multiple countries around the world are called multinational corporations.

    Economic Interdependence

    Economic globalization results in countries becoming more economically dependent on each other.

    Global Consciousness

    The intensification of global consciousness means people's knowledge, awareness, and interests become global, not just local or regional.

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    Global Connections

    Increased trade and cultural exchange in globalization lead to closer contacts between different parts of the world.

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    Capitalism's Spread

    Globalization involves the spread of capitalist economic practices to more countries.

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    International Investment

    An increase in the international flow of foreign investment is a sign of globalization.

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    Data and Information Flow

    The increased flow of data and information across the world leads to greater international trade.

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    Multicultural Societies

    The spread of multicultural societies is an example of globalization's impact on culture.

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    Global Issue: Poverty

    Globalization brings increased attention to global issues like poverty.

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    Internet's Role

    The internet is a technological advancement that facilitates globalization.

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    Weakening Borders

    The increased flow of labor and capital across national borders makes national borders less important.

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