The Economic Dimension of Globalization
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Questions and Answers

Which dimension of globalization involves the increasing linkage of national economies through trade, financial flows, and foreign direct investment by multinational firms?

  • Globalization as Economic Process (correct)
  • Globalization as Political Process
  • Globalization as Cultural Process
  • None of the above

    • What is the primary aspect of globalization according to economic accounts?

  • Globalization as Economic Process (correct)
  • Globalization as Political Process
  • Globalization as Cultural Process
  • None of the above

    • What is the essence of globalization according to economic accounts?

  • Globalization as Economic Process (correct)
  • Globalization as Political Process
  • Globalization as Cultural Process
  • None of the above

    • Which dimension of globalization involves the weighing of conflicting evidence with regard to the fate of the modern nation-state?

    <p>Globalization as Political Process</p> Signup and view all the answers

    What are the two agendas of the political dimension of globalization?

    <p>What are the economic causes for the massive flows of capital, money, and technology?</p> Signup and view all the answers

    Which dimension of globalization is defined by the establishment of a 'global village' and a 'shrinking world'?

    <p>Culture Expert</p> Signup and view all the answers

    Which dimension of globalization involves the emergence of global political norms and international laws?

    <p>Political Expert</p> Signup and view all the answers

    Which dimension of globalization involves fast speed of trade, global economic organizations, and multinational and transnational corporations?

    <p>Economics Expert</p> Signup and view all the answers

    Which dimension of globalization is a challenge to the nation-state and involves the strength of regional blocs?

    <p>Political Expert</p> Signup and view all the answers

    Which dimension of globalization involves free trade, privatization, and less tariffs?

    <p>Economics Expert</p> Signup and view all the answers

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