Understanding Globalisation and Its Impact

What is the primary economic effect of globalisation?

• Increased trade barriers

• Enhanced international trade

• Decreased foreign investments

• Reduced global communication

Which of the following is a cultural impact of globalisation?

• Isolation of cultures

• Homogenisation of cultures

• Decrease in cultural exchange

• Strengthening of local traditions

Which organisation is primarily responsible for regulating international trade?

• United Nations

• World Trade Organisation

• International Monetary Fund

• World Bank

What is a common criticism of globalisation?

• It promotes economic equality

• It leads to cultural diversity

• It increases environmental degradation

• It reduces consumer choice

Which of the following is a benefit of globalisation for consumers?

• Higher prices

• Limited product availability

• Greater variety of goods

• Decreased quality of products

How does globalisation affect employment in developed countries?

• Increases job security

• Leads to job outsourcing

• Reduces the need for skilled labour

• Increases local job opportunities

Which of the following is a technological driver of globalisation?

• Increased tariffs

• Advancements in communication technology

• Decreased internet access

• Reduction in transportation networks

What is the role of multinational corporations in globalisation?

• They limit global trade

• They promote local businesses

• They facilitate international investment

• They reduce global competition

Which of the following is a political effect of globalisation?

• Strengthening of national borders

• Increased political isolation

• Greater international cooperation

• Decreased influence of international organisations

What is the impact of globalisation on developing countries?

• Decreased foreign investment

• Increased access to technology

• Reduction in economic growth

• Isolation from global markets