Questions and Answers
What is a potential consequence of not accepting wage concessions in export industries?
Losing competitiveness and exporting jobs abroad
How does unfettered capital movements impact workers in terms of competitiveness?
Improves their competitiveness by providing access to foreign investment
Why are service and white-collar jobs increasingly vulnerable to being sent overseas?
To minimize wage costs in low-wage countries
In what way do jobs in export industries differ from jobs in import-competing industries?
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How do state-of-the-art factories in low-wage countries impact global competitiveness?
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What do globalization skeptics argue about economic activities?
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According to Wallerstein, what drives global integration mostly?
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What do globalization modifiers argue about the idea of globalization?
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What is one of the advantages of globalization mentioned in the text?
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What is a disadvantage of globalization mentioned in the text?
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How does an open economy impact innovation according to the text?
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What is globalization primarily characterized by?
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How is globalization perceived by some individuals?
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Which of the following best describes globalization?
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What does globalization involve in terms of industrial and service activities?
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What aspect of globalization leads to a more interconnected world?
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How is globalization different from isolationism?
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What does globalization entail according to the text?
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What is a key aspect of globalization?
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How does globalization impact geographic distance according to the text?
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What does Thomas Friedman's perspective on globalization emphasize?
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In the context of globalization, what do networks of relations and dependencies become?
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How is globalization described in terms of its impact on individuals, corporations, and nation-states?
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What is the main driving force behind the political dimension of globalization?
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Which century saw the First Wave of Globalization come to an end?
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What is the main driver of social globalization according to the text?
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In which era did the Age of Exploration take place?
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What is the key outcome of the economic dimension of globalization?
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Who are considered to be the main drivers behind intensification and expansion of political interrelations around the world?
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