HSR 150: Understanding Globalization

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

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

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

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

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

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

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

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

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

Globalization brings increased attention to global issues like poverty.

The internet is a technological advancement that facilitates globalization.

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