Which of the following statements is not true? a. Globalization is a process driven by international trade and investments and aided by information and technology. b. Globalization is a system of heightened interaction between various sovereign states, particularly the desire for greater cooperation and unity among states and people. c. Globalization is an umbrella term denoting the growing modern interconnectedness of nations, people, and markets d. Globalization is a kind of process which every nation interacts with each other to achieve global unity

Which of the following statements is not true? a. Globalization is a process driven by international trade and investments and aided by information and technology. b. Globalization is a system of heightened interaction between various sovereign states, particularly the desire for greater cooperation and unity among states and people. c. Globalization is an umbrella term denoting the growing modern interconnectedness of nations, people, and markets d. Globalization is a kind of process which every nation interacts with each other to achieve global unity

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter18: Globalization

Section: Chapter Questions

Problem 17E

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which of the following statements is true of globalization? a. it has curbed the growth of middle class in developing countries. b. it increases prices and decreases product and service quality. c. It leads to monopoly of domestic producers. d. it expands economic freedom and increases the living standards of people.
Which is NOT true about globalization? A. Globalization has competing definitions and importance B. Globalization has its origin in the field of international economics C. Globalization impacts education more than technology and politics D. We encounter globalization every day in our life
What is the connection of globalization to each word? (Explanation for each word); a. Integration of Economies b. Equality / Inequality c. Communication d. Recognition e. Trade versus Aid f. Outsourcing g. Brands h. Exploitation i. Growth j. Poverty
What are the benefits of the following global economic transactions? Explain each of the following. 1. Providing a foundation for worldwide economic growth. 2. Encouraging competitiveness between countries in various markets 3. Raising productivity and efficiency across countries 4. Helping in the development of underdeveloped countries by allowing them to import capital goods (machinery and industrial raw materials) and export primary goods (natural resources and raw materials). B. What are the underlying definitions of globalization and its effect?
What is the connection of globalization to each word? (Explanation for each word); a. Accountability b. Terrorism c. Shrinking World d. Technology/Internet e. Free Trade f. Culture g. Capitalism h. Monopoly power i. environment
#13 All of the following are drivers of globalization EXCEPT a. Market Drivers b. Cultural Drivers c. Government Drivers d. Competitive Drivers
In the policy embodied in globalization, which of the following shows the fall of local and foreign trade of the countries affected by it? A. Having market surpluses.B. The change in the overall lifestyle of the people/citizens.C. Freer flow of investment and trading of goods to countries.D. The continued expansion of transnational corporations.
Image A is typical of images emphasizing the economic consequences of globalization. Does globalization appear to be a force that is subject to human control, why or why not? How would you define globalization? Compare image A with image B. Is there a connection between the accelerating flows of money and goods and restrictions on the movement of people? In image C, the woman's medical mask names globalization as the enemy of workers. What does this say about the local conflict over the conditions of labor in a globalized economy? *******ANSWER QUESTION 3********
Which of the following is not a beneficial outcome of the globalization process? a. The growing sense of global community, super-national identities feeling closer to one another. b. The sharing of resources, ideas and technologies which benefits the globe, such as medical advancements. OC. The redistribution of wealth, addressing disparities in economic and resource allocation between and particularly within countries. d. A global market that has demonstrated the ability to reduce poverty in places and overail make substantial economic gains.
In your own words, explain why other people say 'No one is in charge of Globalization'
Globalization makes new forms of consumption possible, but the effects of globalization on an individual’s lifestyle vary based on many factors including socioeconomic status. In what ways is globalization experienced differently by people from wealthy countries compared to people in developing countries? How are producers of commodities like clothing or food affected differently by globalization than consumers?
Answer it in 2 to 4 sentences 1. With the cultural diversity of each group of people in the world and in each country on which side do you favor universalization, multiculturalism, or nationalism for the unity and development of societies and people? 2. Does the developed country or developing country benefit the most from globalization? Why? What are its implications?