Globalization as Internationalization and Liberalization Flashcards
True or False
In Globalization, there is an exchange of goods and ideas
True
True or False
Internet is a major contributor to Globalization
True
True or False
Globalization is the process of integration and the International influence of economies and cultures
True
True or False
Cultures were transmitted globally
True
True or False
In Globalization, enforcement of barriers to international trades, and restrictions to movements of capital and investments
False
An economic process that aims to integrate countries’ economies globally
Globalization
Related to a firm’s movement overseas, artists performing overseas, Filipinos working overseas
Internationalization
Process of increasing involvement of enterprises in international market
Internalization
perform at the international standards with our domestic labor, natural
resources to compete for the global market
Internalization
integrate the
economies with integrity and unity globally to use other nations’ labor, capital, and resources to reach
the best results
Globalization
removing restrictions; usually, government rules and regulations
are imposed on social, economic, or political matters
Liberalization
loosening of government controls
liberalization
True or False
Globalization is the result of internationalization
True
True or False
Trade is the least factor of Globalization
False
True or False
Internalization is related to a firm’s movement overseas
True
True or False
Globalization is a process that aims is to disintegrate the economies of the countries in the world
False
True or False
Internationalization is an improvisation process as it well lead to the expansion of the business across the nations
True
True or False
Organizations like IMF, World Bank, WTO, etc., observed and worked to implement Globalization
True
True or False
Global integration means that nations are not free to trade. Free trade, specialization, and global integration mean that nations are free to trade
False
True or False
Institutions like the European Union (EU), Asia Pacific Economic Cooperation (APEC), North
Atlantic Free Trade Agreement, NAFTA, etc., support and boost Internationalization.
True
True or False
Liberalization is the implementation of restrictions on human activities
False
True or False
Philippine Passport is not accepted anywhere in the world visa-free.
False
True or False
Same-sex marriage is allowed in all countries
False
True or False
Legalizing marijuana as medicine is very bad for chronically ill persons
False
True or False
Being liberal-minded person, you can freely do what you want to do
True
