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Globalization Flashcards | StudBud
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Globalization
Globalization
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Flashcards
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Questions
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Answers
1
Which technological advancement significantly reduced telecommunication costs during globalization 2.0
Telephone
Printing press
Computer and World Wide Web
Telegraph
2
americanization: the dominant role of the United States in other national and regional cultures
False
True
3
Globalization 3.0 is driven by the newfound power of individuals to collaborate
False
True
4
Globalization has no effect on the diversity in the art market
True
False
5
What is a negative environmental effect of globalization ?
Local food production increases
Increased CO2 emissions due to transport
Reduction in fossil fuel use
Improved recycling systems
6
What does Thomas Friedman mean by “the world is flat” because of globalization 3.0?
people from all around the world are connected with one another
conspiracy theories started getting popular because of the World Wide Web
7
Globalization 4.0 is characterized by climate change and an era of competition
True
False
8
Offshoring is…
a contest to establish superiority or an activity to defeat rivals
relocating businesses from one country to another
improving the quality of something
businesses use of external providers for processes
9
Who were the major players during Globalization 1.0 and 2.0
Britain
America
Asia
Europe
10
Which of the following best defines “sustainable development”?
Government control of industry
Economic growth at all costs
Maximizing production efficiency
Development that meets the needs of the present without compromising future