How does Globalisation impact the economy of a country?

Question 1

Singapore signed a FTA with the US in 2004, which sectors were identified for cooperation?

Accepted Answer

Petrochemical, manufacturing

Question 2

Which of the countries listed could cause an economic shock to the rest of the world?

Accepted Answer

The USA, China

Question 3

What are the benefits to the economy when a country opens to foreign investments?

Accepted Answer

More trade between the countries., Countries sign agreements to lower tariffs

Question 4

Which of the country are major investors in Singapore

Accepted Answer

The USA

Question 5

Why are countries all over the world afraid of the threats of trade war between US and China?

Accepted Answer

China buys a lot of corn and soya bean from America, Many parts of consumer electronics are produced in China

Question 6

Which of the following does not participate in international trade

Accepted Answer

North Korea

Question 7

What do you see when there is an economic downturn?

Accepted Answer

Companies withhold and delay investments and recruitment, People cut spending, eat at home and cut travelling

Question 8

Which of the countries purchase lots from the world?

Accepted Answer

USA, European Union and China

Question 9

Why did Dyson pick Singapore to build its electric cars?

Accepted Answer

Generous incentives,tax breaks, grants to cover 30% of costs

Questions 9