Forces of Globalization

Why do multinational corporations (MNCs) cause an increase in the pace of globalization?

What are the driving forces of globalization?

• Improvement in transportation technology

• Improvement in communication technology

• Rise of SMEs

• Shrinking of the world

How has globalization impacted culture?

• Human migration has increased the presence of cultures outside of their native countries

• none of the above

• Outsourced labor forces are able to share their traditions through new jobs

• Government subsidies have allowed more people to express their culture

Which of the following has helped create a global economy in the present day?

• The use of high taxes for imports and exports

• Improvements in technology have made trade easier

• The creation of one form of currency (money) used to trade

• The success of the Communist governments in guiding trade

The interconnection of the world today is often referred to as

• Nationalism

• Communism

• Globalization

• Isolationism

A firm (business enterprise) that has active business operations physically located in more than one country. The firm must do more than simply trade or invest abroad. It must actively produce goods or services, have a branch office, or otherwise directly interact within markets of other countries.

• foreign direct investment

• multinational corporation

• sovereignty

Investment of financial resources into one country by a multinational corporation (or other investor) located in another country for the purpose of creating new businesses or purchasing existing ones.

• foreign direct investment

• multinational corporation

• sovereignty

This has potential to spread infectious diseases

• Communism

• Capitalism

• Isolationism

• Globalization

One disadvantage of outsourcing is

• Consumer goods cost more

• There is no way to communicate with the manufacturing counties

• More pollution is caused from the shipping of goods and materials

• There are many hidden costs that the consumer has to pay

India and the United States house call centers. This is most likely because

• India is one of America's best friends

• A large population of India speaks English

• India was once part of the American colonies

• India develops the latest call center technology