4.6.1 Globalisation

• What is the primary characteristic of globalisation?

  Increasing interdependence
• Trade liberalisation involves reducing trade barriers like tariffs and quotas
• Globalisation has only positive economic impacts.

  False
• Technological advances have reduced the cost of international trade.


  True
• Globalisation has resulted in a more interconnected global economy.
• What is the primary effect of trade liberalisation on economic integration?

  Increases freer movement of goods
• Overall, globalisation has transformed the world economy into a more interconnected system.
• Match the factor of globalisation with its contribution to its characteristics:

  Trade Liberalisation ↔️ Enables freer movement of goods

  Technological Advances ↔️ Strengthens interdependence

  Foreign Direct Investment ↔️ Integrates national economies

  Migration ↔️ Integrates labor markets
• Increased competition and economies of scale can drive down prices for consumers.
• What is the defining characteristic of globalisation?

  Increased integration and interdependence
• Foreign direct investment involves establishing production facilities in other countries.


  True
• Increased production and transportation under globalisation can lead to greater environmental pollution.
• Globalisation has led to the rise of supranational institutions that can override national policies.


  True
• What does globalisation challenge in terms of political sovereignty?

  National autonomy
• Nationalism and populism often emerge in response to perceived loss of political sovereignty
• Globalisation leads to increased pollution due to higher production and transportation.

  True
• What is one factor driving globalisation?

  Trade liberalisation
• Match the driver of globalisation with its description:

  Trade Liberalisation ↔️ Reduction of trade barriers

  Technological Advances ↔️ Improvements in transportation

  Foreign Direct Investment ↔️ Cross-border investment

  Migration ↔️ Movement of people across borders
• Globalisation can lead to job losses in industries unable to compete with foreign firms.


  True
• How does globalisation affect cultural diversity?

  Loss of cultural diversity
• What are the social impacts of globalisation characterized by?

  Both advantages and disadvantages
• Globalisation provides equal social mobility opportunities for all individuals, regardless of skill level.

  False
• Globalisation improves access to healthcare services in developing countries
• Supranational institutions like the WTO can override national policies to promote global trade.

  True
• The perceived loss of sovereignty from globalisation has fueled the growth of nationalist and populist movements
• What type of advancements have facilitated global connectivity?

  Technological advances
• Globalisation is defined by the increasing integration and interdependence of national economies.
• What is one key characteristic of globalisation?

  Increased integration
• Match the factor driving globalisation with its contribution to its characteristics:

  Trade Liberalisation ↔️ Freer movement of goods

  Technological Advances ↔️ Facilitates global connectivity

  Foreign Direct Investment ↔️ Establishes production facilities

  Migration ↔️ Integrates labour markets
• Heightened interdependence means events in one country can significantly affect others.

  True
• What is one positive economic impact of globalisation?

  Increased efficiency
• Globalisation has led to greater consumer choice due to access to a wider variety of goods and services.


  True
• Trade liberalisation reduces trade barriers like tariffs and quotas.
• What are two key characteristics of globalisation?

  Increased integration and interdependence
• Order the social impacts of globalisation from cultural exchange to health improvements:

  1️⃣ Cultural Exchange

  2️⃣ Social Mobility

  3️⃣ Inequality

  4️⃣ Health
• Globalisation challenges political sovereignty by increasing reliance on supranational institutions
• Supranational institutions can limit the autonomy of national governments.


  True
• What is one positive environmental impact of globalisation?

  Adoption of cleaner technologies
• Globalisation is defined as the increasing integration and interdependence of national economies
• The defining characteristic of globalisation is the increasing integration of national economies.


  True