About Globalisation

Globalization refers to the movement of goods, information, technology, and jobs across national and cultural boundaries. In economic terms, it refers to the interdependence of nations throughout the world, which is facilitated by free trade.

Characteristics of Globalization

  • Globalization refers to the movement of goods, information, technology, and jobs over national borders.
  • Globalization is a phenomenon that affects people's lives on a social, political, cultural, and legal level.
  • Corporations in developed countries can benefit from globalization by gaining a competitive advantage.
  • Developing nations also gain from globalization because it makes their economies more competitive, and competitive economies are a key factor in employment creation.
  • The advantages of globalization have been questioned due to the fact that the good consequences are not always evenly distributed.
  • One evident consequence of globalization is that a downturn in one country's economy can have a domino effect on its trading partners.

Pros of Globalization

  • Companies that outsource employment and technologies to emerging nations help them improve their economies.
  • Promoted international social justice and brought attention to human rights issues that would have otherwise gone unnoticed on a big scale.

Cons of Globalization

  • This led to a concentration of wealth and power in the hands of a few corporate elites, which gives them the ability to swallow up smaller competitors all over the world.

Significance of Globalization

Over a number of levels, globalization gives firms a massive advantage over their competitors. By moving production to other nations, reducing or eliminating tariffs, and gaining access to millions of new customers, they may minimize operational expenses.

Conclusion

Globalization has accelerated at an unprecedented rate, with governmental policy reforms and technology and telecommunications breakthroughs being regarded as the two primary drivers.

Following are some of the multiple choice questions on the Globalisation with answers that will help the students in developing their knowledge.

Globalisation MCQ

1. What does TNC stand for?

  • Trans national corporations
  • Trade nations conference
  • Trans national countries
  • Trial national cooperations

2. Which of the following is NOT a transnational corporation (TNC)?

  • Local newsagent
  • Shell
  • Ford
  • All of above

3. Products meant to satisfy the wants and needs of buyers.

  • Goods
  • Trade
  • Commodity
  • Outsourcing

4. Which 2 of the following are examples of institutions increasingly restrict the power of individual nation states?

  • The UN
  • The EU
  • NGOs
  • Both A & B

5. Which of these is an example of a technological change that has created a global community?

  • The EU
  • The internet
  • Uber
  • Deliveroo

6. According to Ohmae, who has more political power than some governments?

  • TNCs
  • Trump
  • Banks
  • The EU

7. Mc Donald's is an example of a multinational corporation.

  • true
  • false

8. TNCs have the effect of ‘grouping’ nations together systematically through both their production and supply chains and via the different markets they serve with products.

  • True
  • False

9. The process by which businesses or other organizations develop international influence or start operating on an international scale

  • worldwide
  • globalisation
  • significantly
  • melting pot

10. A disadvantage of globalisation for manufactures in the UK would include which one of the following

  • Access to wider markets
  • Difficult to find workers
  • Low-cost competition from overseas firms
  • The spread of technology could cause local unemployment

11. How has China and India benefited from globalisation?

  • Millions of people have been lifted out of poverty in India and China
  • Inequalities among the countyside are growing
  • Increased levels of carbon is being emitted in both countries
  • All of above

12. What type of change are poverty reduction, waged work and infrastructure?

  • Postive
  • Negative

13. A disadvantage of globalisation for manufacturers in the UK would include which one of the following

  • Access to wider markets
  • Difficult to find workers
  • Low-cost competition from overseas firms
  • The spread of technology could cause local unemployment

14. Which of the following factor is NOT responsible for the acceleration of globalisation?

  • Transport Systems
  • Trade agreements such as those established by the WTO
  • Communication Systems
  • The increase of unemployment

15. Which factor might attract a multinational corporation to a country?

  • Good tourist attractions.
  • Cheap raw materials.
  • High average monthly wage.
  • None of these

16. Which of the following are low income countries?

  • The USA, Canada and the UK
  • The USA, Canada and the UK
  • Peru, Bolivia and Argentina
  • None of these

17. Which of these factors have influenced globalisation?

  • High taxes and investment restrictions.
  • Communication systems and the internet.
  • Poor standard of living and unemployment.
  • Both A & B

18. Money is something which is necessary to live a normal life?

  • True
  • False

19. What does the word negative mean?

  • The good things about something
  • The bad things about something

20. A logo is a picture that makes you remember a brand?

  • False
  • True

21. What is the best match for 'globalisation'?

  • The buying and selling between different countries
  • The brand of a business
  • Movement
  • The sharing of money

22. What does the word 'trade' mean?

  • Business
  • Buying
  • The selling of something
  • Not selling

23. Import is 'bringing (goods or services) into a country from abroad for sale.

  • False
  • True

24. Export is 'Sending (goods or services) to another country for sale

  • True
  • False

25. What is the name of the Japanese trend which is influenced by Western fashion?

  • Otaku
  • Ganguro
  • Anime
  • Senpai

26. What is the top corporate nation according to Foreign Policy?

  • Waitrose
  • Cadburys
  • Disney
  • Walmart

27. Which of these is an example of economic changes in the global context?

  • New £10 note
  • High street banks opening
  • Electronic banking
  • Saving accounts

28. How long will it take to get from London to New York on a supersonic jet?

  • 2 hours 15 mins
  • 15 mins
  • 5 hours
  • 12 hours

29. Who argued technology brings about global risks?

  • Bernstein
  • Becker
  • Beck
  • Banbury

30. Which of these is NOT one of the four factors that have helped to bring about globalisation?

  • Technological
  • Economic
  • Political
  • Education

31. Which key thinker defined the term globalisation?

  • Held
  • Giddens
  • Weber
  • Durkheim

32. Political globalisation has occurred according to Giddens as a result of the collapse of many economies of which type?.....

  • Capitalist
  • Communist
  • 3rd way ones
  • None of these

33. Quah argued that the global economy was increasingly

  • Heavy
  • long
  • Airy
  • Weightless

34. Who discussed Global risk consciousness as a cultural change in globalisation?

  • Giddens
  • Beck
  • Seabrook
  • Friedman

35. What of the following are aspects of globalisation that Sociologists focus on?

  • Economic
  • Cultural
  • Political
  • All of above

36. Giddens book was called

  • Runaway world
  • The risky society
  • De traditionalisation of society
  • Both A & B

37. Cohen and who defined globalisation as 'increasing interconnectedness and interdependency of the worlds nations?

  • Kim
  • Kennedy
  • Kenneth
  • Kelly

38. When is The Commonwealth Games held?

  • Once every 4 years
  • Once every 5 years
  • Once every 7 years
  • Once every 10 years

39. When was ASEAN founded?

  • 1957
  • 1967
  • 1969
  • 1989

40. Which one of the statements below is the aim of the United Nation (UN)?

  • To build cooperation in international law, security and economic development
  • To promote cooperation and eliminating racial discrimination and colonialism
  • To strengthen relationships and create political stability among member countries
  • To support economic growth in the Asia-Pacific region

41. What does OIC stand for?

  • Organisation of Indian Conference
  • Organisation of Indonesian Conference
  • Organisation of Iranian Conference
  • Organisation of Islamic Conference

42. Which of the statements below is the aim of APEC?

  • To promote cooperation and unity among its members states and to protect Islamic holy places
  • To support sustainable economic growth and prosperity in theAsia-Pacific region
  • To build cooperation in international law, security and stability among members countries.
  • To strengthen relationships and create political stability among members countries.

43. Which of the following is a reason for nations to be interdependent?

  • Encourage terrorism
  • For creating aggression and war
  • For worldwide trade
  • Global Warming

44. What is the term that refers to a process by which people become interconnected around the world, both in ideas and activities?

  • Connectivity
  • Creativity
  • Globalisation
  • Global peace

45. Which of the following has speed up the process of globalisation?

  • Local companies, new printers, and faster transportation
  • Multinational corporations, communications and slow transportation
  • Multinational corporations, transportation, and communications
  • Transportation, communications, and local companies

46. Which of the following is a Multinational Corporation (MNCs) food chain that can be found in Brunei?

  • Ayamku
  • Express
  • Ideal
  • KFC

47. It is NOT easier to do business in other countries, thanks to globalisation.

  • True
  • False

48. It is harder to travel, thanks to globalisation.

  • True
  • False

49. Businesses have cheaper materials, thanks to globalisation.

  • True
  • False

50. Globalisation means we have a more connected world.

  • True
  • False

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