Globalization and Transnational Corporations

The video explains globalization as a process that connects countries economically and culturally, driven by trade, investment, technology, and finance. It highlights historical examples like the Silk Road and recent technological advancements in communication and transport that have accelerated globalization. The video also discusses the role of transnational corporations and the impact of international trade on global economies and societies.

What is globalization primarily about?

• Countries becoming more interconnected

• Countries becoming isolated

• Countries reducing cultural exchanges

• Countries focusing on local trade

Which of the following is NOT a driver of globalization?

• Investment

• Trade

• Technology

• Isolation

What is a key effect of globalization on political systems?

• Increased isolation

• Greater integration and influence across borders

• Complete independence from other countries

• Reduction in international cooperation

Which ancient trade route is an example of early globalization?

• The Silk Road

• The Inca Trail

• The Spice Route

• The Roman Road

What has significantly reduced the cost of transport in recent years?

• Introduction of electric cars

• Development of high-speed trains

• Introduction of specialized bulk carriers and container ships

• Use of drones for delivery

How has the internet contributed to globalization?

• By increasing the cost of communication

• By reducing the speed of communication

• By enabling global access to vast amounts of information

• By limiting access to information

What has been a major development in communication technology?

• The creation of the printing press

• The development of the internet and email

• The use of smoke signals

• The invention of the telegraph

What are transnational corporations known for?

• Focusing on local markets

• Reducing international trade

• Promoting cultural isolation

• Dominating the production and distribution of goods and services globally

How do decisions made by transnational corporations affect the world?

• They have no impact on other countries

• They only affect the country where the corporation is based

• They can affect people in other parts of the world

• They only influence local economies

What is one benefit of international trade?

• Countries lose access to foreign markets

• Countries become more isolated

• Countries gain access to goods and services they cannot produce

• Countries can only trade within their borders