Introduction to Globalization

Question 2

_ is the interaction of people, states, or countries through the growth of the international flow of money, ideas, and culture.

Answer 2

Globalization

Question 3

_ refers to free exchanges or movements of goods, services, culture, and people. It is a process, a condition, a system, a force, and an age.

Answer 3

Globalization

Question 4

_ is the ability to connect and communication with people around the globe. It refers to the interconnectedness of people and business across the world that eventually lead to political, cultural, and global integration.

Answer 4

Globalization

Question 5

According to _, globalization is the intensification of worldwide social relations which link distant localities in such a way that local happenings are shaped by events occurring far away, and vice versa.

Answer 5

Anthony Giddens

Question 6

According to _, globalization as the compression of the world and the intensification of consciousness of the world as a whole.

Answer 6

Roland Robertson

Question 7

According to _, globalization refers to a multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social interdependencies and exchanges while at the same time fostering in people a growing awareness of deepening connections between local and distant.

Answer 7

Manfred Steger

Question 8

_ is a widespread belief that the global integration of economic markets is beneficial for everyone as it spreads freedom and democracy across the world.

Answer 8

Globalism

Question 9

Basic Features or characteristics of globalization
1. Social networks and activities overcome _.
2. There is an intensification of _.
3. Interconnectedness is not limited to communication but it _.
4. Interactions are possible even _.

Answer 9

Basic Features or characteristics of globalization
1. Social networks and activities overcome traditional political, economic, cultural, and geographic boundaries.
2. There is an intensification of interconnectedness.
3. Interconnectedness is not limited to communication but it involves the spread of ideas, knowledge, culture, technology, religion, and opportunities.
4. Interactions are possible even at a distance.

Question 10

International Monetary Fund identified four basic aspects of Globalization:

Answer 10

1. Trade and Transactions
2. Capital and Investment
3. Migration of People
4. Dissemination of Knowledge

Question 11

The four indicators of globalization:

Answer 11

1. Interdependence of countries
2. Advancement in science and technology
3. Environmental Issues
4. Economic, Political. and Cultural Globalization