Globalization and Transnational Corporations

The video explores globalization, highlighting its impact on cultural and economic changes worldwide. It discusses the role of international trade, regulatory groups, and transnational corporations in shaping global economies. The video also examines the effects of globalization on labor markets, cultural diffusion, and the interconnectedness of nations.

What is one of the main drivers of globalization according to the introduction?

• Internet and communication

• Local trade

• Nationalism

• Isolationism

Which organization is mentioned as supporting international trade?

• United Nations

• World Trade Organization

• International Monetary Fund

• World Health Organization

What is a characteristic of transnational corporations?

• They surpass national borders to find opportunities

• They avoid international markets

• They focus solely on local markets

• They operate only within their home country

Which company is an example of a transnational corporation?

• General Electric

• Local bakery

• Local grocery store

• Small family-owned business

Why do transnational corporations often set up factories in developing countries?

• To support local businesses

• To avoid international regulations

• To find cheaper labor

• To increase local employment

What is a potential negative impact of globalization on workers in developing countries?

• More job opportunities

• Improved working conditions

• Increased wages

• Exploitation and low wages

How has technology influenced cultural diffusion?

• It has had no impact

• It has made diffusion more difficult

• It has slowed down the process

• It has exponentially increased the speed

What is cultural diffusion?

• The spread of cultural practices and ideas

• The isolation of cultural practices

• The rejection of foreign cultures

• The destruction of local cultures

What is one positive effect of globalization mentioned in the summary?

• Decreased employment

• Increased isolation

• Better allocation of resources

• Higher product prices

What is a key aspect of globalization's impact on foreign cultures?

• Complete cultural assimilation

• Cultural isolation

• Integration of ideas and products

• Rejection of foreign influences