Globalization

Question 1

what is globalisation and how would you define it?

Answer 1

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange.

Question 2

The factors that drive globalisation

Answer 2

-trade
-culture
-communication
-multinational companies

Question 3

Trade

Answer 3

Improved technology and cheap aviation fuel mean that fresh food can be flown from distant places to our supermarkets.
Global trade is the result of uneven distribution of materials and resources across the world. No single country has everything it needs!

Question 4

Culture

Answer 4

Western styles of music, TV and film are released throughout the world at the same time.
Due to globalisation we get to see other parts of the world and experience different cultures.

Question 5

Communication

Answer 5

The growth of fibre and satellite communication technology has increased global connections via smart phones, the internet and satellite television.

Question 6

Multinational companies

Answer 6

Large companies manufacture and sell their products in almost every country in the world.

Question 7

What is the Multinational Corporations (MNCs)

Answer 7

These are large companies which have their product all over the world.

Question 8

Advantages of globalization?

Answer 8

⦿ Globalization can provide jobs for poorer and indigenous people and help them to learn new skills.
⦿ It can bring wealth to local economies when companies have to buy products and resources.
⦿ It is a way of sharing ideas and experiencing new cultures and lifestyles.
⦿ Globalisation increases awareness of things throughout the world. People can become more aware of important global issues such as global warming or deforestation.

Question 9

Disadvantages of globalization?

Answer 9

● There is no way of guaranteeing that the wealth will help the developing country.
● Pollution of the environment, safety risks, low wages, poor working conditions.
● There is a chance that because there are so many developing companies in foreign countries – jobs could potentially be lost in the more developed countries.
● Traditions, languages and cultures could be lost.
● Local companies could be driven out of business.

Question 10

Globalization

Answer 10

The world seems a whole lot smaller! We can send a text in seconds, order clothes from the other side of the world. We can even get an italian pizza or indian curry without even leaving our couch!