What is sustainability innovation? multinational corporation. Why did Japan expand to other parts of Asia and the Pacific? c. The world is becoming smaller and people more similar. Corporations in developed nations can gain a competitive edge through globalization. It was characterized by a reduction in trade barriers and and improvement in transportation technologies, which resulted in major migration of about 10% of the world's population. Example 7 – Banking Industry Globalization Hongkong and Shanghai Banking Corporation Limited also known as HSBC founded in the year 1865 is one of the top banks operating in the world. C) Globalization has resulted in fewer connections among countries. Which statement best describes how globalization connects the world? This paper will examine both positive and negative contributions of globalization to economic, social, political, and biotic environment in the world. d. Countries that participate in globalization enjoy an average 20 percent annual growth rate. This answer has been confirmed as correct and helpful. In a world increasingly dominated by two global powers, the US and China, the new frontier of globalization is the cyber world. As people spread throughout the world, Math. Which statement best describes how globalization is affecting the world? a. a. How does globalization cause the foreign sector to influence the economy? Based on the map, which is the best conclusion that can be drawn about the economies of the US and China? Globalization creates new forms of transportation, communication, and technology Globalization expands old forms of transportation, communication, and technology. We got answers! Technological globalization: the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube. c. Globalization totally depends on world markets staying open. Ask. I agree with this statement, because multinationals succeed as a result of the interconnectedness that is brought about by globalization Explanation: Multinationals are able to develop connections between national economies, and in this way, this makes it possible to operate in many countries, thus enhancing their levels of growth and profitability Globalization has the potential to improve the world’s economy, while also exploiting poorer nations and their environments. The world is becoming smaller and more diverse. The images show the cost of the same bike in the United States and Britain. b. to join or bring together. a company that does business in two or more nations. New answers. Globalization helps create new forms of transportation, communication, and technology. Cultural beliefs are becoming more distinct. Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture. Geographic globalization: is the new organization and hierarchy of different regions of the world that is constantly changing. The world is becoming more globalized and connected. Which statement best describes how globalization connects the world? Figure 3 shows how carbon dioxide emissions have increased, relative to what might have been expected, based on the trend line for the years prior to when the Kyoto protocol was adopted in 1997. 10) All of the following are arguments against globalization, EXCEPT A) policies of globalization increase the differences between rich and poor in the world. Globalization helps create new forms of transportation, communication, and technology. a. Globalization increases inequality in the world. Which statement best describes why the value of the car is a function of the number of years since it was purchased? To ensure the best experience, please update your browser. Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Ask question Login Sign up But the term gained popularity after the Cold War … b. World trade has increased by approximately 7 percent since 1945 following the acceleration of globalization. Good or bad, though, there isn't much argument as to whether or not it is happening. Like, the Greek culture is being spread over Africa, Asia, and Europe which can be seen in the cities having the name of Alexander in Africa, Turkey, and Egypt. Globalization The International Monetary Fund and the World Bank are both examples of _____ that help govern the global business system. China is shifting toward specialization in industry and services and away from agriculture. Globalization helps create new forms of transportation, communication, and technology. Why does he do this? After analyzing the reading, which statement best describes the implications of globalization? Globalization has resulted in fewer connections among countries. Globalization has resulted in fewer connections among countries. Check all that apply. A. B) The world is becoming more globalized and connected. b. Globalization is … © 2020 Education Expert, All rights reserved. The development of a world governmentc.Increasing U.S. trade with Chinad. Globalization is growing less important as time passes. Connect. China is shifting toward specialization in industry and services and away from agriculture. Ease of communications due to the internet. d. Economic disparity is becoming less pronounced. How have airplanes changed the way the world does business? 1.1.72. Check all that apply. Globalization also captures in its scope the economic and social changes that have come about as a result. The development of a world government c. Increasing U.S. trade with China d. Ease of communications due to the internet "The increasing unification of the world's economic system" best describes Globalization. Log in for more information. What are the most likely reasons a US corporation would open a factory in China? Most of the world's poor countries are benefiting from globalization. a condition by which different things rely on each other for support. Countries are … Understood in this way, globalization is a modern phenomenon; it is not just how many places are conn… Which statement best describes how globalization connects the world? Recent improvements in ______________ have increased the pace of globalization. Massive amounts of information and data are available via the World Wide Web, and there is rarely a question that cannot be answered with a search engine. B) globalization is dangerously unstable. D) globalization is not a "natural" process. to take advantage of affordable land prices. *** B. D) Countries are growing less likely to trade with one another. In many of the counties, globalization increases inequality among people. Globalization has affected the environment both positively and negatively. 1.1.72. the trend toward a world that is more interconnected by technology, trade, and travel. You have questions? The Silk Road which was made to encourage trade between China and the countries around the Mediterranean Sea will not only flourish the trade between these countries but at the same time also allow the e… The increasing unification of the world's economic systemb. a. The end result is greater wealth equality throughout the world, especially for countries whose economies depend on another country’s economy. The following are common examples of globalization. outsourcing. Which statement most accurately represents the concept of globalization? c. The world is becoming smaller and people more similar. As it is used and understood today, however, globalization is about much more than the total scope of contact; it references the speed and scale of such contact. Globalization helps create new forms of transportation, communication, and technology best describes how globalization connects the world. Global institutions The globalization of _____ is the term used to describe the merging of national markets into one large global place. d. Economic disparity is becoming less pronounced. Cultural beliefs are becoming more distinct. The first began in 1870 and ended at the beginning of World War I in 1914. Improved Technology in Transportation and Telecommunications Corporations in developed nations can gain a competitive … Explanation: Globalization is the spread of products, technology, information, and jobs across nations. Globalization is growing less important as time passes. g. Expert answered|selymi|Points 10817|. Globalization helps create new forms of transportation, communication, and technology. Cultural beliefs are becoming more distinct. The graph below models the value of a $20,000 car t years after it was purchased. Countries that export goods pay lower transportation fees and have a competitive edge. Difficulty: 1 Question ID: 1.1.72 Page Reference: 29 Interdependent. This is a broad trend that has been underway for centuries. There is a heated debate about the true effects of globalization and if it really is such a good thing. Which best describes how globalization connects the world? Globalization mandates new forms of … Which statement best describes how globalization is affecting the world? Oh no! Globalization open markets to freely trade and lower price due to higher competition. a. Globalization has caused increased consumption of different products. The business practice of hiring workers in another country is known as, Purchasing power parity is used to compare the gross domestic product between. Added 26 days ago|11/8/2020 2:53:19 PM The concept shown in the images is known as. Which statement best describes how globalization connects the world Globalization helps create new forms of transportation, communication, and technology. Many are employed by foreign companies manufacturing in North America. Globalization increases world carbon dioxide emissions. Moreover, with transportation and flying made so easy and affordable, apart from a few … Information technology has played a significant role in making this understanding easier. Many have had emigrate to follow jobs that were moved overseas. Log in for more information. e. One way to measure economic growth is by using GDP, which stands for. Which statement best describes how globalization is affecting the world? Difficulty: 1 Question ID: 1.1.72 Page Reference: 29 c. The world is becoming smaller and people more similar. C) globalization is a policy promoted by free-trade advocates, capitalist countries, and multinational firms, all of which benefit from the process. Cultures are also being spread without confining to political boundaries. Globalization is the spread of products, technology, information, and jobs across nations. b. The world is becoming more globalized and connected. Globalization has resulted in fewer connections among countries. Geographic globalization: is the new organization and hierarchy of different regions of the world … If the world burns its coal more quickly, and does not cut back on other fossil fuel use, carbon dioxide emissions increase. Technological globalization: the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube. Globalization. The world is becoming smaller and more diverse. The cell phone connects peoples of all over the world and that too at multimedia level. Which of the following best describes the effect globalization has had on some American and Canadian workers? Globalization is a process through which businesses or other organizations create influence, or develop operations around the world. The term “globalization” is not simply a verbal shortcut for talking about contact, transmission, and transportation on the global scale. The world is becoming smaller and more diverse. This chapter has shown that contact has existed across disparate locations throughout much of human history. For example: When Russia integrated into the globalized markets, there was an increase of 21.8% of people living on or below two dollars per day, whilst a select minority became richer from the same integration (Simon, 2013). McDonald's in Japan, French films being played in Minneapolis, and the United Nations are all representations of globalization. Globalization is growing less important as time passes. a. Which statement best describes how globalization connects the world? C. Many must pay higher prices charged for imported goods. Although the Internet has granted people all over the world the ability to share information with each other, it has been a surge in telecommunications technology that has facilitated the global exchange of data. Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. A: Each car value, y, is Top Answer. The US and China are strong because they have a high gross domestic product. A) Globalization is growing less important as time passes. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Which best describes the effect of globalization on China's economy? "The increasing unification of the world's economic system" best describes Globalization. Globalization has conquered the world and is growing stronger. What are the two central core ideas in sustainability innovation? Globalization helps create new forms of transportation, communication, and technology. Globalization helps create new forms of transportation, communication, and technology. Which best describes the effect of globalization on China's economy? The digital economy, in its infancy during the third wave of globalization, is now becoming a force to reckon with through e-commerce, digital services, 3D printing. The World Bank states that there have been three 'waves' of globalization. Globalization has allowed people to understand the cultures, ideas and beliefs of different parts of World. The statement that best describes how globalization connects the world is that Globalization expands old forms of transportation, communication, and technology. Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. It looks like your browser needs an update. Reason for adopting democracy in countries Like Libya, Egypt, Nepal and Bhutan, Ernie Pyle describes the London Blitz using words that are both positive and negative. Globalization is the process whereby systems expand from being regional or national to encompass the entire planet. The correct answer to this question is "Globalization expands old forms of transportation, communication, and technology." The correct answer is 2: The world is becoming more globalized and connected. Let's look at the positives and negatives of globalization, and you can decide for yourself whether or not it is the best thing for our world. Which statement best describes how globalization is affecting the world? The world is becoming more globalized and connected. But the term gained popularity after the Cold War … Countries are growing less likely to trade with one another. Globalization helps create new forms of transportation, communication, and technology best describes how globalization connects the world. b. Which statement most accurately represents the concept of globalization? Globalization helps create new forms of transportation, communication, and technology best describes how globalization connects the world. The correct statement that best describes globalization is (A): The world has to face and embrace the new realities of a globalized world where people from around the world have to compete for the same jobs. 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