Globalization Concepts Overview

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DextrousMarigold
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Globalization creates, multiplies, stretches, and intensifies worldwide social ______ and exchanges

Globalization makes people aware of connections between the ______ and the distant

According to the International Monetary Fund, globalization offers extensive opportunities for truly worldwide ______

Countries that integrate into the global market rapidly experience ______ growth

One of the challenges of globalization is that it is not progressing ______

Globalization is not a recent ______ and there is nothing mystifying about it

_______ is the third claim that highlights the link between ‘globalization-market’ and the idea of ‘leaderlessness’.

According to Robert Hormats, 'The great beauty of globalization is that _______.

Thomas Friedman emphasized that the most basic truth about globalization is this: ‘_____ But the global marketplace today is an Electronic Herd of often anonymous stock, bond, and currency traders and multinational investors, connected by screens and networks.’

Globalization benefits everyone and represents a ‘good’ phenomenon. This lies at the heart of _______.

According to the joint Economic Communique issued at the 1996 G-7 Summit in Lyons, France, economic growth and progress in today’s interdependent world is bound up with the process of _______.

Globalization provides great opportunities for the future, not only for our countries, but for all others, too. This exemplifies the _______ of globalization.

In the 1980’s, the term “globalization” has become a common word manifesting advances in modern technologies that have made international transactions, in both trade and finances, convenient, accessible, and easy. IMF (2000) noted that globalization refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity which includes ______ markets, urban industries, or financial centers.

Conversely, Hutton & Giddens, as cited by Cuturela (2009) emphasized that globalization is the interplay of extraordinary technological innovation mixed with influence of the world that gives today’s changing its complexity. They expressed that the balance between science or knowledge and resources has changed in such a way that science and knowledge have become perhaps the most significant factor in the determination of the country's standard of living. Truly, the countries with the most advanced economies are the countries with the most modern technology based on science and ______.

Globalization has impacted economies by extending market forces beyond national borders to all levels of human economic activity, including ______ markets, urban industries, or financial centers.

The interplay of technological innovation and global influence has given today's world its complexity, where science and knowledge have become key factors in determining a country's standard of living, highlighting the importance of modern technology based on science and ______.

Globalization has made international transactions in trade and finances more ______, accessible, and easy due to advances in modern technologies.

According to Hutton & Giddens, the balance between science or knowledge and resources has shifted, with science and knowledge now playing a significant role in determining a country's standard of living, indicating the importance of advancements in science and ______.

Description

This quiz provides an overview of key concepts of globalization, focusing on the multidimensional social processes that create worldwide interdependencies and connections between local and distant societies. It also explores the complex and sometimes contradictory nature of globalization in the context of independent nation-states.

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