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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?

People's knowledge, awareness, and interests become global, not limited to local or regional contexts Signup and view all the answers

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

Closer contacts between different parts of the world Signup and view all the answers

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

The spread of capitalist economic practices in increased number of states Signup and view all the answers

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

Increase in international flow of foreign investment Signup and view all the answers

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

Greater international trade Signup and view all the answers

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

Muslim communities in western European countries Signup and view all the answers

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

Poverty Signup and view all the answers

What is a technological advancement that facilitates globalization?

Internet Signup and view all the answers

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

Decreased importance of national borders Signup and view all the answers