Longquiz

    Cards (85)

    • What does globalization describe?
      Changes in societies and world economy
    • In an economic context, what does globalization refer to?
      Effects of trade, particularly trade liberalization
    • What is another term for trade liberalization?
      Free trade
    • How does globalization impact daily life?
      It makes products like phones and gadgets available
    • What role does globalization play in international peace and justice?
      It helps in bringing international peace and justice
    • What are social tools that promote globalization?
      • Facebook
      • Mobile phones
      • Laptops
      • Computers
    • What does the term "global village" refer to in globalization?
      Closer contact and mutual understanding among people
    • What is economic globalization?
      Free trade and relations among industries globally
    • What is a sign of globalization related to international trade?
      Increase in international trade faster than world economy
    • What does the international flow of capital include?
      Foreign direct investment
    • How has technology contributed to globalization?
      By enabling greater transborder data flow
    • How has terrorism been affected by globalization?
      Terrorism has become more widespread globally
    • What are some effects of multiculturalism due to globalization?
      Better access to cultural diversity and assimilation
    • What is one consequence of international agreements in globalization?
      Erosion of national sovereignty and borders
    • What has globalization led to in terms of travel?
      Greater international travel and tourism
    • What has globalization increased in terms of immigration?
      Greater immigration, including illegal immigration
    • What has globalization developed in terms of telecommunications?
      Global telecommunications infrastructure
    • What has globalization led to in terms of multinational corporations?
      Increased share of the world economy controlled
    • What role do international organizations play in globalization?
      They deal with international transactions
    • What do anti-globalization activists believe?
      Globalization promotes a corporatist agenda
    • What economic issue do anti-globalization activists associate with globalization?
      Credit-based economics leading to debt crises
    • What do supporters of free trade argue?
      It leads to efficient resource allocation
    • What are the claimed benefits of free trade?
      Lower prices, more employment, better resource allocation
    • When did the Philippines sign agreements with the WTO?
      In 1995
    • How has globalization affected the economy of the Philippines?
      It has led to more labor and companies emerging
    • What can globalization potentially do for the Philippines?
      Make the economy more advanced through trade
    • What is a critical factor for improvement in the Philippines?
      Education is the most effective factor
    • How does globalization promote peaceful relations among countries?
      By fostering trade relations and cooperation
    • What employment advantage does globalization provide?
      Generation of numerous employment opportunities
    • How has product quality been affected by globalization?
      Product quality has been enhanced to retain customers
    • What educational advantage does globalization offer?
      Access to numerous educational institutions globally
    • How has communication changed due to globalization?
      Information is easily accessible worldwide
    • What economic impact has globalization had on prices?
      It has led to cheaper prices due to competition
    • What does GDP stand for?
      Gross Domestic Product
    • What does GDP measure?
      Money value of final goods and services produced
    • How has transportation improved due to globalization?
      Connectivity to various parts of the world has improved
    • What is the impact of free trade?
      No taxes or duties on imports/exports
    • How has globalization affected travel and tourism?
      It has promoted tourism to great heights
    • What health issues have arisen due to globalization?
      Increased health risks and new epidemic threats
    • What is a significant social issue related to globalization?
      Rich getting richer while poor get poorer
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