LESSON 1

Question 1

is the development of trade systems within transnational actors such as corporations or NGOs;

Answer 1

Economic globalization

Question 2

can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.

Answer 2

Financial globalization

Question 3

UNDER FINANCIAL GLOBALIZATION:

____________, for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole.

Answer 3

Stock markets

Question 4

refers to the interpenetration of cultures which, as a consequence, means nations adopt principles, beliefs, and costumes of other nations, losing their unique culture to a unique, globalized supra-culture;

Answer 4

Cultural globalization

Question 5

the development and growing influence of international organizations such as the UN or WHO means governmental action takes place at an international level. There are other bodies operating a global level such as NGOs like Doctors without borders or Oxfam;

Answer 5

Political globalization

Question 6

information moves almost in real-time, together with the interconnection and interdependence of events and their consequences. People move all the time too, mixing and integrating different societies;

Answer 6

Sociological globalization

Question 7

the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube.

Answer 7

Technological globalization

Question 8

is the new organization and hierarchy of different regions of the world that is constantly changing.

Answer 8

Geographic globalization:

Question 9

Moreover, with transportation and flying made so easy and affordable, apart from a few countries with demanding visas, it is possible to travel the world without barely any restrictions;

Answer 9

Geographic globalization:

Question 10

accounts for the idea of considering planet Earth as a single global entity – a common good all societies should protect since the weather affects everyone and we are all protected by the same atmosphere. To this regard, it is often said that the poorest countries that have been polluting the least will suffer the most from climate change

Answer 10

Ecological globalization