Week 2: Globalisation (all readings/videos) Flashcards
Brief history of globalisation article
- In what year did Alibaba announce its Silk Road Headquarters in Xi’an?
A) 2019
B) 2018
C) 2017
D) 2020
B
- What significant historical route is associated with the beginning of globalization?
A) The Spice Route
B) The Silk Road
C) The Transatlantic Trade Route
D) The Maritime Silk Road
B
- During which period did Islamic merchants significantly expand trade?
A) 1st-5th centuries AD
B) 7th-15th centuries
C) 15th-18th centuries
D) 19th century
B
- What was a major consequence of the Age of Discovery?
A) Introduction of new luxury goods in Europe
B) Complete halt of all trade
C) The new establishment of European colonies and slave trade
D) Establishment of the Silk Road
C
- Which country is highlighted as the primary effect of the first wave of globalization?
A) United States
B) China
C) Great Britain
D) France
C
- What economic event occurred in 1914 that significantly affected globalization?
A) The end of World War II
B) The Great Depression
C) The Eve of World War I
D) The fall of the Berlin Wall
C
- What institution was created to encourage international trade after the Cold War?
A) The International Monetary Fund (IMF)
B) The World Trade Organization (WTO)
C) The European Union (EU)
D) The United Nations (UN)
B
- Which technology has been emphasized as a driving force in Globalization 4.0?
A) Steam engines
B) Refrigerated cargo ships
C) The internet
D) Trains
C
- What is a significant challenge associated with Globalization 4.0 mentioned in the article?
A) Increased global trade
B) Cyberattacks and cross-border hacking
C) Rise of the middle class
D) Expansion of e-commerce
B
- What did Xi Jinping propose regarding globalization in his Davos speech?
A) To reject globalization entirely
B) To promote a more inclusive globalization
C) To return to traditional trade methods
D) To isolate China from global trade
B) To promote a more inclusive globalization (promoted the Belt and Road)
What is globalisation?
The action, process, or fact of making global; esp. (in later use) the process by which businesses or other organizations develop international influence or start operating on an international scale, widely considered to be at the expense of national identity.
What is thought to be the earliest start or basis of globalization?
The Silk Road
The Silk Road connected ____ to _______Mediterranean via roads, offered trade with silk and spices to be trades for _________ from Europeans
(China) , (Mediterranean) , (gold and weapons)
After the collapse of Rome, _____ was seen as the centre of global trade (market for spices and silk)
(Venice)
Globalization is not just economic globalization it is also…
political & cultural
__________= large globalization boom (technology played a huge role in connecting the world together, eg. telephone, internet)
(Industrial revolution)
What are some types of global cultural exchange as a result of globalization?
Language, Religion, disease
What is a time period of rapid globalization?
1850 - before start of ww1
The Silk Road is usually thought to have operated between the years…
a) 200CE and 1670.
b) 500 BCE and 1800s CE.
c) 130 BCE and 1400s CE
d) 1400 and 1900s CE
b) 130 BCE and 1400s CE
Who introduced container shipping?
A) Alexander Graham Bell
B) Adam Smith
C) Alexander Hamilton
D) Malcolm Mclean
D
When did the idea of shipping items over the sea first start?
A) 5th century AD
B) 2nd century BC
C) 3rd century BC
D) 1st century BC
C
What were goods initially loaded in before the introduction of container shipping?
A) Wooden pallets
B) Metal boxes
C) Barrels, crates, and sacks
D) Plastic containers
C
By the 1980s, what percentage of manufactured goods were containerized?
A) 50%
B) 70%
C) 80%
D) 90%
D
In what year did Malcolm Mclean stack 58 metal boxes on a ship, marking a change in shipping methods?
A) 1960
B) 1956
C) 1970
D) 1945
B
What has been one criticism of the shipping industry by governments and environmentalists?
A) Overfishing in the seas
B) High shipping costs
C) Responsible for a quarter of the world’s nitrogen oxide pollution
D) Inefficient transport of goods
C
How are shipping operators responding to environmental concerns?
A) Increasing the number of ships
B) Adopting cleaner fuels like natural gas
C) Reducing the size of ships
D) Transporting goods by air
B
What is the most recent growth area in the shipping industry?
A) Luxury goods shipping
B) Digital products shipping
C) Refrigerated shipping for fresh produce, food, and flowers
D) Shipping construction materials
C
Where will the first “Tesla of the seas” operate later this year?
A) South China Sea
B) Mediterranean Sea
C) Norwegian shore
D) Atlantic Ocean
C
What purpose will the “Tesla of the seas” serve?
A) Transporting oil
B) Moving fertilizer from a production site to an export port
C) Shipping electronics
D) Carrying passengers through populated areas
B
How many countries have signed onto the BRI or expressed an interest in doing so?
A) 147
B) 198
C) 23
D) 127
A) 147
How much expenses is the Belt Road Initiative expected to incur?
A) 8 billion
B) 8 trillion
C) 800 million
D) 10 trillion
B) 8 trillion
What does China view the BRI project as?
A) A poisoned chalice
B) A commercial endeavour
C) A more assertive China
D) A cold war with the United States
B) A commercial endeavour
What did Joe Biden launch in order to compete against the BRI?
A) The Silk Road
B) The BUILD act
C) The U.S. Agency for International Development
D) The Build Back Better World Initiative
D) The Build Back Better World Initiative
What did President Emmanuel Macron suggest about the BRI?
A) It could control the global economy
B) It could make China the centre of the global economy, rather than the United States
C) It could turn partner countries into vassal states
D) He suggested the global gateway program to rival BRI
C) It could turn partner countries into vassal states