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?

  • 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?

<p>All of the above (D)</p> Signup and view all the answers

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

<p>All of the above (D)</p> Signup and view all the answers

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

<p>Poor working conditions (A)</p> Signup and view all the answers

Which of the following is a positive consequence of globalization?

<p>Multinational companies provide new jobs and skills (D)</p> Signup and view all the answers

What is one negative consequence of globalization?

<p>Globalization increases the development gap (D)</p> Signup and view all the answers

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

<p>Globalization operates mostly in the interests of the richest countries (D)</p> Signup and view all the answers

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

<p>Multinational companies drive local companies out of business (C)</p> Signup and view all the answers

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

<p>Multinational companies bring foreign currency to local economies (C)</p> Signup and view all the answers

What is deindustrialization?

<p>The decline of traditional industries in high-income countries (D)</p> Signup and view all the answers

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

<p>Globalization threatens local traditions and languages (C)</p> Signup and view all the answers

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