Which statement best describes how globalization is affecting the world?
The world is becoming more globalized and connected.
You just studied 10 terms!
What is the best description of globalization?
Globalization is the word used to describe
the growing interdependence of the world’s economies, cultures, and populations
, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Which statements best describes how globalization connects the world?
The correct answer is “
Globalization helps create new forms of transportation, communication and technology
”.
How would you best describe the term globalization quizlet?
Globalization.
the increasing number of ties between different parts of the world, including economic, cultural, and political connections
.
How does globalization make countries more interdependent?
The need for countries to rely on each other for
these resources creates a global interdependence. In fact, the drive of globalization creates a robust interconnection of the world network through borderless operations of countries, making it easier to interact, trade and build a co-operative world.
Is the best example of a country that is dependent on other countries?
The best example of a country that is dependent on other countries is
a country that has very little or less fertile soil to make its resources
.
What kind of advantage does a country have quizlet?
The nation that has the lower opportunity cost in producing a certain good has a
comparative advantage
in producing that good. A country has a comparative advantage in the product that it can produce most efficiently given all the products it could choose to produce.
What are the 7 major types of globalization?
- Financial Globalization.
- Economic Globalization.
- Technological Globalization.
- Political Globalization.
- Cultural Globalization.
- Sociological Globalization.
- Ecological Globalization.
- Geographical Globalization.
What are examples of globalization?
- Example 1 – Cultural Globalization. …
- Example 2 – Diplomatic Globalization. …
- Example 3 – Economic Globalization. …
- Example 4 – Automotive Industry Globalization. …
- Example 5 – Food Industry Globalization. …
- Example 6 – Technological Globalization. …
- Example 7 – Banking Industry Globalization.
What are the positive and negative effects of globalization?
Some argue that globalization is a positive development as it will give rise to new industries and more jobs in developing countries. Others say globalization is
negative in that it will force poorer countries of the world to do whatever the big developed countries tell them to do
.
How would you define globalization in your own words?
Globalization means
the speedup of movements and exchanges
(of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Which of the following definitions best describes the meaning of globalization?
Which of the following is the best definition of globalization?
the growing interconnection of the world’s many economies
. Which of the following best explains why the pace of globalization has increased dramatically in recent years?
What is the definition of globalization quiz?
globalization doesn’t have a specific definition, but basically it is:
The worldwide movement towards economic, financial, trade and community integration
, as well as social cultural and political.
What is an example of interdependence?
The definition of interdependence is people, animals, organizations or things depending on each another.
The relationship between a manager and his employees
is an example of interdependence.
What is interconnectedness in globalization?
Global Interconnectedness refers to
the ability to understand and function in an increasingly multicultural, international, yet interconnected environment
. It fosters the development of individuals to become successful professionals, civic leaders, and informed citizens in a diverse national and global society.
What are some examples of global interdependence?
Comes from the importing and exporting of goods and services. Has been the source that highly contributes to global interdependence.
Oil
is an example of those countries who generate it having created a global interdependence with those other countries that need it, that depend heavily on it.
