Globalization and Its Impacts

The video explores globalization, its history, nature, advantages, disadvantages, and political impacts. It highlights how globalization has transformed trade, economy, and politics, while also bringing challenges like inequality and unemployment. The conclusion suggests leveraging globalization for national benefit by adopting foreign technology and promoting indigenous goods.

What was a significant factor that led to the emergence of globalization after World War II?

• The rise of communism

• The need for new trade and commerce methods

• The discovery of new continents

• The establishment of the United Nations

Which organizations were established in 1944 to support the global economy?

• G7 and G20

• NATO and European Union

• World Health Organization and UNESCO

• World Bank and International Monetary Fund

How has globalization affected competition in the global market?

• It has eliminated competition

• It has created new competition

• It has reduced the need for technology

• It has made local markets more isolated

What is one of the key roles of information technology in globalization?

• Increasing geographical distances

• Limiting cultural exchange

• Reducing communication costs

• Making trade more difficult

Which of the following is an advantage of globalization?

• Limited consumer choices

• Reduced cultural exchange

• Decreased environmental awareness

• Increased trade among nations

How has globalization impacted the standard of living?

• It has decreased the standard of living

• It has had no impact

• It has only benefited the wealthy

• It has improved the standard of living

What is a disadvantage of globalization related to employment?

• It has increased job opportunities

• It has led to higher wages

• It may lead to unemployment

• It has stabilized job markets

How have multinational companies affected natural resources in poorer nations?

• They have improved their management

• They have ignored them

• They have used them indiscriminately

• They have preserved them

What political change did globalization bring about after the decline of communism?

• The rise of monarchy

• The spread of democracy

• The return of colonialism

• The establishment of dictatorships

What is a major political issue associated with globalization?

• Strengthening of local governments

• Criminalization of politics

• Decreased political participation

• Increased political transparency