Globalization and Its Impacts

The video explores globalization, highlighting its benefits like increased interconnection and access to global products. However, it also delves into criticisms, such as inequality and exploitation, and the rise of the anti-globalization movement. The formation of the WTO and its impact on trade and national sovereignty are discussed, along with issues like poor working conditions and economic dependence. The video concludes by reflecting on the complex nature of globalization, leaving viewers to ponder its overall impact.

What is one of the main benefits of globalization mentioned in the video?

• Increased local employment

• Greater interconnection between nations

• Reduction in global conflicts

• Decrease in cultural diversity

Which organization was formed in 1995 to oversee international trade?

• World Trade Organization

• NAFTA

• European Union

• Mercosur

What event is considered the beginning of the anti-globalization movement?

• Brexit vote

• Formation of the WTO

• NAFTA agreement

• Battle for Seattle

What historical system is mentioned as an example of poor working conditions?

• Encomienda system

• Apartheid

• Feudalism

• Caste system

Which industry in Africa is highlighted for having harsh labor conditions?

• Tourism industry

• Chocolate industry

• Textile industry

• Mining industry

What was a major reason for the Brexit vote according to the video?

• Support for the European Union

• Increase in local taxes

• Economic burden on Britain

• Desire for more immigration

What is a common criticism of the World Trade Organization?

• It supports only developing nations

• It limits individual business rights

• It reduces global trade

• It promotes local businesses

What is one of the main concerns about globalization's impact on national sovereignty?

• It reduces international cooperation

• It threatens national independence

• It strengthens local cultures

• It increases local employment

Which organization is mentioned as being distrusted for its control over global finances?

• World Health Organization

• International Monetary Fund

• United Nations

• World Bank

What is a key reason people resist globalization according to the video?

• Desire for more global trade

• Support for international organizations

• Preference for local autonomy

• Interest in cultural exchange