10-2 Chapter 1 -impacts of Globalization

What is Globalization?

• The process of increasing interdependence and connectivity of global economies, cultures, and populations.

• A local event affecting only a specific region.

• The isolation of countries from international trade and communication.

• A temporary trend in international relations.

Economic Globalization is:

• the process of increasing interdependence and integration of national economies through trade, investment, and capital flow.

• the isolation of national economies from the global market.

• the reduction of international trade barriers to promote local businesses.

• the focus on domestic economic policies without foreign influence.

Outsourcing is:

• a business practice of hiring external resources

• a method of internal resource allocation

• a strategy for increasing in-house production

• a technique for reducing employee workload

Transnational refers to something that extends across or operates in more than one nation. What does Transnational mean?

• Limited to one nation

• Extending across or operating in more than one nation

• Pertaining to a single culture

• Related to national boundaries

A consumer is:

• A person who sells goods or services

• A person who buys goods or services

• A person who produces goods or services

• A person who manages a business

CCIC stands for:

• Central Committee for International Cooperation

• China Chamber of International Commerce

• Canadian Council of International Cooperation

• Central Commission for International Cooperation

What is Infrastructure?

• A type of software

• A physical and organizational structure

• A financial asset

• A type of government policy

Social Globalization refers to the process of increasing global connectivity and interdependence in terms of social and cultural aspects. Which of the following best describes Social Globalization?

• The spread of cultural beliefs and social activities across different countries.

• The economic integration of global markets.

• The political alliances formed between countries.

• The technological advancements shared globally.

What is Media?

• A form of communication

• A type of food

• A kind of sport

• A musical instrument

What is Political Globalization?

• The integration of national economies through trade and investment

• The spread of political ideas and norms across countries

• The global movement of people and cultures

• The worldwide impact of environmental policies