Globalization Concept & Objectives PDF

GLOBALIZATIO N  Specific objectives Explain the concept of Globalization Identify factors or aspects of Globalization Examine the good and bad effects of Globalization in our society Eternal Values & Life Skills Develop the skills of being responsible and cooperative  “Each of...

GLOBALIZATIO N  Specific objectives Explain the concept of Globalization Identify factors or aspects of Globalization Examine the good and bad effects of Globalization in our society Eternal Values & Life Skills Develop the skills of being responsible and cooperative  “Each of you must take responsibility for doing the creative best you can with your own life. “ Galatians 6:5 ESSENTIAL QUESTION: How can we cope well with globalization and help promote sustainable development?  1. What is the primary goal of globalization?  A) To increase international conflict  B) To isolate economies  C) To integrate economies, cultures, and societies worldwide  D) To eliminate international trade  2. Which of the following is an example of globalization?  A) Local farmers selling products only in their villages  B) A company outsourcing production to another country  C) Decreasing travel between countries  D) Prohibiting international media  3. Which sector has been most affected by economic globalization?  A) Manufacturing  B) Education  C) Agriculture  D) Public health  4. The spread of which of these is a cultural aspect of globalization?  A) National regulations  B) Local dialects  C) Fast food chains like McDonald’s worldwide  D) Legal restrictions on media  5. Which organization was created to regulate international trade and resolve disputes?  A) World Health Organization (WHO)  B) United Nations (UN)  C) International Monetary Fund (IMF)  D) World Trade Organization (WTO)  6. What is a common criticism of globalization?  A) It limits the exchange of ideas  B) It encourages local business growth  C) It can lead to cultural homogenization  D) It promotes environmental conservation  7. Which country is known for significant influence in economic globalization due to its production capabilities?  A) Australia  B) China  C) Canada  D) Switzerland  8. Globalization is most directly associated with which of the following concepts?  A) Isolationism  B) Sustainability  C) Interdependence  D) Exclusivity  9. Which of the following is a positive effect of globalization?  A) Decreased job opportunities in developing nations  B) Widening gap between rich and poor  C) Access to a broader variety of goods and services  D) Loss of cultural identity  10. What term refers to the movement of jobs to other countries due to cheaper labor costs?  A) Insourcing  B) Globalization  C) Outsourcing  D) Migration 6. Popular Culture  Activitiesand beliefs in other countries or parts if the world influence the activities and beliefs of people in other countries.  Popular culture in now globalized Agencies/Organizations that Regulates Globalization  1. WTO –(World Trade Organization)  -is an international organization with the task of developing policies between countries  - aims to develop policies that would encourage and organize free trade among its member nations  WTO- was established in Geneva, Switzerland on January 1995. Agencies/Organizations that Regulates Globalization  2. The World Bank- was founded after World War II. Aims to assist developing countries and improve the standards of living of people.  3. Then International Monetary Fund (IMF)  -provides loans to help countries preserve the value of their money and pay their foreign debt.