3.1 Globalisation Processes

• Foreign direct investment (FDI) often aims to access new markets or resources in foreign countries.


  True
• Foreign direct investment allows companies to access new markets and resources
• What is an example of increased social interaction facilitated by globalisation?

  Online communities
• Globalisation can reinforce local cultural heritage alongside global trends.


  True
• Trade liberalization involves the reduction of barriers such as tariffs and quotas
• Migration, a key process of globalisation, refers to the movement of people across national borders
• Match the aspect of globalisation with its impact:

  Trade liberalization ↔️ Increased cross-border trade

  Foreign direct investment ↔️ Greater capital flows

  Technological advancements ↔️ Improved productivity

  Migration ↔️ Access to global talent
• The popularity of English as a global language is a result of cultural homogenisation.


  True
• The effects of globalisation on cultural identity can range from the adoption of global norms to the reinforcement of local heritage
• What are geopolitical alliances used for?

  Mutual interests
• Technological diffusion, such as renewable energy, can help mitigate environmental damage caused by globalisation.

  True
• Trade liberalization involves the reduction of barriers such as tariffs and quotas
• How does trade liberalization impact cross-border trade?

  Increases trade integration
• Order the economic impacts of globalisation:

  1️⃣ Increased trade and investment

  2️⃣ Greater interdependence between economies

  3️⃣ Economic growth and efficiency

  4️⃣ Vulnerability to global shocks
• What is an example of cultural hybridisation in food?

  Fusion cuisine
• What are the key processes driving globalisation?

  Trade liberalization, FDI, technological advancements, migration
• What technological advancements have facilitated globalisation?

  Internet, mobile phones, air travel
• Technological advancements have facilitated global supply chains and e-commerce
• The spread of cultural goods and lifestyles globally is an example of the spread of cultural products
• What is an example of cultural homogenisation?

  Global fast-food chains
• Globalisation can challenge the sovereignty of states by imposing global norms and institutions.


  True
• What is a negative environmental impact of globalisation?

  Loss of biodiversity
• What is the key outcome of globalisation in terms of interdependence between countries?

  Economic, cultural, political
• Match the globalisation process with its description:

  Trade liberalization ↔️ Reduction of barriers to trade

  Foreign direct investment ↔️ Investment in foreign operations

  Technological advancements ↔️ Improved connectivity and integration

  Migration ↔️ Movement of people across borders
• Migration increases labor mobility, allowing companies to access a global talent pool.


  True
• Cultural homogenisation refers to the spread of uniform cultural traits
• Foreign direct investment (FDI) involves companies investing in business operations in foreign countries to access new markets or resources.


  True
• What is a challenge associated with FDI?

  Profit repatriation
• What is an example of increased social interaction due to globalisation?

  Online communities
• What is cultural hybridisation?

  Mixing of cultures
• What is the role of global governance in globalisation?

  Enhances cooperation and stability
• Increased globalised production and consumption patterns have led to higher demand for natural resources