Understanding Globalization Quiz

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What is one factor contributing to globalization in economics?

Limiting the movement of capital and investments

Restricting the exchange of goods

Reducing barriers to international trades (correct)

Imposing tariffs on multinational corporations

How do multinational corporations contribute to globalization?

By restricting trade with other countries

By imposing strict regulations on international trade

By operating on a global scale with offices in numerous locations (correct)

By limiting the exchange of goods across borders

What is an example of how outsourcing contributes to globalization?

Imposing trade barriers on developing countries

Bringing jobs to a struggling country (correct)

Limiting job opportunities in developed countries

Restricting the movement of goods between countries

How does the blending of cultures contribute to globalization?

By transmitting new cultures through travel and the exchange of goods Signup and view all the answers

What is one way that globalization is affected by open communication by internet?

Increased intermarriages from dating site meet-ups Signup and view all the answers

How did Christian missionaries from Europe contribute to the globalization of Christianity?

By converting more people to a new spiritual way of living Signup and view all the answers

What is one example of globalization in technology mentioned in the text?

Latest models of communication tools and medical equipment Signup and view all the answers

How has improved travel facilitated the growth of globalization?

By facilitating migration for a better job or life Signup and view all the answers

In what way does technology contribute to the spread of knowledge in globalization?

Through global news networks like CNN Signup and view all the answers

How do Filipino and Korean food exemplify globalization?

By being available in America, Europe, and beyond Signup and view all the answers

What is the main focus of Economic Globalization?

Financial integration with the global economic system Signup and view all the answers

According to Peter Drucker, what is the main objective of the global economy in the context of Globalization?

To maximize the market Signup and view all the answers

What dominates as a component of production in the globalization economy?

Management system Signup and view all the answers

What drives globalization in the economic field according to the text?

Transaction of money Signup and view all the answers

What is an example of political ideology in the process of Globalization?

The transformation of liberalism Signup and view all the answers

Which international organization is mentioned as an example of political Globalization?

United Nations Organization (UNO) Signup and view all the answers

What characterizes military globalization according to the text?

Firmer integration of armed forces around the world into the global military system Signup and view all the answers

What is a notable impact of financial globalization mentioned in the text?

Decline in stock markets affecting the economy Signup and view all the answers

What is the primary focus of international organizations in the context of political Globalization?

Exceeding national boundaries and climate change Signup and view all the answers

How does financial globalization affect the global economy according to the text?

By linking stock market declines to negative effects on other markets and the economy Signup and view all the answers