Globalization primarily refers to:
a) The spread of military alliances
b) Increased interconnection of economies, cultures, and politics
c) The rise of nationalism
d) The reduction of global trade
Which organization plays a key role in governing global trade?
a) WHO
b) WTO
c) UNESCO
d) IMF
Which factor has contributed most to globalization?
a) Technological advancements
b) Decreasing world population
c) Strengthening national borders
d) Reduction of international organizations
The process of globalization has led to:
a) Decreased trade between countries
b) Increased cultural exchange and economic interdependence
c) A decline in multinational corporations
d) More strict immigration policies worldwide
Which of the following is a negative impact of globalization?
a) Improved international trade
b) Widening economic inequality
c) Increased global cooperation
d) Faster technological innovation
Which institution provides financial assistance to countries facing economic crises?
a) United Nations
b) World Bank
c) IMF
d) ASEAN
One major criticism of globalization is that it:
a) Encourages cultural diversity
b) Increases economic disparities
c) Reduces environmental pollution
d) Strengthens local businesses
Which organization was created to promote peace and international cooperation?
a) NATO
b) United Nations (UN)
c) IMF
d) WTO
What is a key characteristic of economic globalization?
a) Increased government control over markets
b) Integration of national economies through trade and investment
c) A decline in international trade agreements
d) A reduction in technological innovation
Which of the following best describes “glocalization”?
a) A shift from global to local economies
b) Adapting global products to fit local cultures
c) The rejection of globalization
d) The dominance of one culture over all others
Which of the following is NOT a driver of globalization?
a) Advancements in transportation
b) Trade liberalization
c) Increased economic isolationism
d) The rise of digital communication
Which of the following is a key feature of global governance?
a) Strong national sovereignty
b) International cooperation and policymaking
c) The abolition of borders
d) The reduction of multinational organizations
Which term refers to the movement of people, goods, services, and capital across borders?
a) Nationalism
b) Isolationism
c) Globalization
d) Regionalism
The Bretton Woods Conference led to the creation of:
a) The League of Nations
b) The World Bank and IMF
c) The European Union
d) The United Nations
Which economic system is most associated with globalization?
a) Communism
b) Socialism
c) Capitalism
d) Feudalism
Which sector has benefited most from globalization?
a) Agriculture
b) Manufacturing
c) Information technology
d) Local small businesses
What is one challenge of global governance?
a) Too much local political participation
b) Lack of enforcement mechanisms for global policies
c) Strong international agreements
d) Overregulation of multinational corporations
Which of the following is an effect of globalization on developing nations?
a) Increased access to foreign markets
b) Reduced international investments
c) A decline in industrialization
d) A decrease in foreign aid
The General Agreement on Tariffs and Trade (GATT) was replaced by:
a) World Bank
b) WTO
c) UNDP
d) NATO
Which agreement promotes free trade between Canada, the U.S., and Mexico?
a) WTO
b) NAFTA (now USMCA)
c) ASEAN
d) EU
Which global institution is responsible for promoting peace and security?
a) WHO
b) WTO
c) United Nations
d) OECD
Which concept refers to businesses expanding their operations across multiple countries?
a) Economic isolation
b) Regionalism
c) Multinational corporations
d) Self-sufficiency
Which of the following is an impact of globalization on governance?
a) Strengthening of national laws over global trade
b) Increased international regulatory frameworks
c) Reduction in global cooperation
d) Decrease in trade agreements
What role does the G20 play in global governance?
a) Regulates international health policies
b) Coordinates economic policies among major economies
c) Manages military alliances
d) Enforces international humanitarian laws
Which of the following is NOT an effect of globalization?
a) Increased international trade
b) The rise of global financial institutions
c) Strengthening of strict protectionist policies
d) Cultural exchange across nations
Which sector is most affected by outsourcing due to globalization?
a) Tourism
b) Financial services
c) Manufacturing
d) Local artisanal crafts
Which agreement aims to address climate change at a global level?
a) WTO Agreement
b) Paris Agreement
c) NAFTA
d) GATT
What is one impact of globalization on labor markets?
a) Decrease in international employment opportunities
b) More competition for jobs on a global scale
c) Reduced movement of workers across borders
d) Stronger local employment protections worldwide
Which organization is responsible for overseeing international monetary cooperation?
a) WTO
b) IMF
c) UNESCO
d) NATO
