Globalization Review - G9

By definition, globalization is:

• the process of buying and selling products in a large scale. 

• the process on which people decide to move to a different country in search for better conditions of life. 

• the process by which businesses or other organisations develop international influence or start operating on an international scale. 

• the process of developing technological products from scratch. 

Select the only CORRECT sentence:

• Globalization cannot bring and harms or challenges to our lives, having only positive sides.

• Globalization is an established part of the modern world, so the name was created recently.

• Cultural differences around the world are inexistent because of Globalization.

• Music, food and art are types of Technological Globalization

It refers to the spread of technology around the world. Examples of this include the spread of the internet, solar panel technology and medical technologies.

• Social Globalization

• Technological Globalization

• Financial Globalization

• Geographical Globalization

Ecological Globalization

• refers to the spread and mixing of cultures around the world.

• refers to the ways corporations do business as multinational organizations nowadays

• refers to the idea that the world needs to be considered one interconnected ecosystem.

• refers to the integration of our societies.

It refers to the idea that the world is no longer seen as groups of distinct nations as much as it once was:

• Economic Globalization

• Cultural Globalization

• Political Globalization

• Geographical Globalization

This refers to the spread and mixing of cultures around the world. To the food people eat, to the clothes they wear:

• Cultural Globalization

• Technological Globalization

• Geographical Globalization

• Financial Globalization

What is the only BENEFIT to Globalization you can find below:

• Loss of cultural identity

• Foreign worker exploitation

• Access to new talent

• Global communication challenges

What is the only CHALLENGE faced by Globalization below:

• Access to new cultures

• Global communication challenges

• Lower costs for products

• Access to new markets

Globalization brings new potentials for development and wealth creation. But there are divergent views and perceptions among people. Some people argue that:

• Cultural differences around the world do not exist.

• the impact of globalization on employment, working conditions, income and social protection is minimum.

• the present model of globalization has exacerbated problems of unemployment, inequality and poverty

• Globalization, in recent years, stopped bringing new potentials for development and wealth creation

The image shows a list of:

• Culturally Responsible Companies

• Politically Responsible Companies

• Economically Responsible Companies

• Socially Responsible Companies