LESSON 3 FINALS

Question 1

is the spread of products, technology, information, and
jobs across national borders and cultures. In economic terms, it
describes an interdependence of nations around the globe fostered
through free trade.

Answer 1

Globalization

Question 2

In globalization Companies are confined in their country of origin but are doing
business in more than one country. T or F

Answer 2

FALSE

Question 3

Advantages of globalization

Answer 3

1. Access to New Cultures
2. The Spread of Technology and Innovation
3. Lower Costs for Products
4. Higher Standards of Living Across the Globe
5. Access to New Markets
6. Access to New Talent

Question 4

Challenges on Globalization

Answer 4

1. International Recruiting
2. Managing Employee Immigration
3. Incurring Tariffs and Export Fees
4. Payroll and Compliance Challenges
5. Loss of Cultural Identity
6. Foreign Worker Exploitation
7. Global Expansion Difficulties
8. Immigration Challenges and Local Job Loss

Question 5

replaced by World Trade Organization

Answer 5

GATT