The Changing Face of Global Industry

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Which term describes the interconnection of countries economically, socially, culturally, and politically?

Interdependence (correct)

Transnational corporations

Globalisation

Multinational corporations

What are the drivers of globalisation?

Improvements in technology

Growth of multinationals

Political cooperation and trading blocs

All of the above (correct)

What is a multinational corporation (MNC)?

A company that operates in high-income countries

A company that operates in multiple countries (correct)

A company that operates only in low to middle income countries

A company that operates in a single country

Why do multinational corporations often have factories in low to middle income countries?

All of the above Signup and view all the answers

What are the advantages of multinational corporations locating in a country?

All of the above Signup and view all the answers

What are the disadvantages of multinational corporations locating in a country?

Poor working conditions Signup and view all the answers

Which of the following is a positive consequence of globalization?

Multinational companies provide new jobs and skills Signup and view all the answers

What is one negative consequence of globalization?

Globalization increases the development gap Signup and view all the answers

Which of the following is NOT a positive consequence of globalization?

Globalization operates mostly in the interests of the richest countries Signup and view all the answers

What is one way in which globalization can negatively impact local economies?

Multinational companies drive local companies out of business Signup and view all the answers

What is one way in which globalization can positively impact local economies?

Multinational companies bring foreign currency to local economies Signup and view all the answers

What is deindustrialization?

The decline of traditional industries in high-income countries Signup and view all the answers

What is one way in which globalization can impact cultural diversity?

Globalization threatens local traditions and languages Signup and view all the answers

The Changing Face of Global Industry

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Questions and Answers

Which term describes the interconnection of countries economically, socially, culturally, and politically?

What are the drivers of globalisation?

What is a multinational corporation (MNC)?

Why do multinational corporations often have factories in low to middle income countries?

What are the advantages of multinational corporations locating in a country?

What are the disadvantages of multinational corporations locating in a country?

Which of the following is a positive consequence of globalization?

What is one negative consequence of globalization?

Which of the following is NOT a positive consequence of globalization?

What is one way in which globalization can negatively impact local economies?

What is one way in which globalization can positively impact local economies?

What is deindustrialization?

What is one way in which globalization can impact cultural diversity?

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