Lesson 1

Question 1

Explain what is Globalization.

Answer 1

Globalization describes the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

Question 2

____ and ____ defined globalization as those processes b which the people of the world are incorporated into a single world society.

Answer 2

Martin Albrow and Elizabeth King

Question 3

He defines globalization as the intensificaion of worldwide social relations

Answer 3

Anthony Giddens

Question 4

he is a professor of Sociology at the University of of Aberdeen and he described globalization in 1992 as the compression and the intensification of the consciousness of the world.

Answer 4

Roland Robertson

Question 5

What are the 7 NATURES of Globalization

Answer 5

1. liberalization
2. free trade
3. globalizatiin of economic activity
4. liberalization of import-export system
5. privatization
6. increase collaboration
7. economic reform

Question 6

What are the 9 TYPES of Globalization?

Answer 6

1. cultural
2. economic
3. industrial
4. financial
5. social
6. ecological
7. political
   8.technological
8. geographic

Question 7

stands for freedom of entrepreneurs to establish any business venture

Answer 7

liberalization

Question 8

free flow of trade relations among nation

Answer 8

free trade

Question 9

the process of intergrating the domestic economy with world economics

Answer 9

globalization of economic activity

Question 10

stands for liberating the import-export activity and securing a free flow of goods and services across borders.

Answer 10

liberazition of import-export system

Question 11

how a piece of property or business goes from being owned by the government to privately owned

Answer 11

privatization

Question 12

encourages the process of collaborations among the entrepreneurs

Answer 12

increased collaborations

Question 13

encouraging fiscal and financial reforms with a view to give strength to free world trade, free enterprise, an market forces.

Answer 13

economic reforms

Question 14

interpretation of culture; phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world.

Answer 14

cultural globalization

Question 15

development of trade systems within transnational actors

Answer 15

economic globalization

Question 16

every country in the world is moving towards specialization

Answer 16

industrial globalization

Question 17

the integration of a country’s local financial system with international financial markets and institutions.

Answer 17

financial globalization

Question 18

sharing of ideas and info between different and multiple countries.

Answer 18

social globalization

Question 19

considers Earth as a single global entity – a common good which societies should protect

Answer 19

ecological globalization

Question 20

phenomenon by which millions of people are interconnected through the digital world

Answer 20

technological globalization

Question 21

the hierarchy of different international regions that are constantly changing. with land, water, and air transportation made so easy, it is possible to travel all over the world.

Answer 21

geographic globalization