ESSAY:
Despite the potential benefits of globalization, how have its negative impacts, such as economic inequality, environmental degradation, and
cultural homogenization, challenged the notion of a truly interconnected and sustainable global community?
To what extent has globalization, global economy, and market integration contributed to a more equitable and sustainable world, and what
are the challenges and opportunities that remain?
MULTIPLE CHOICE
What is the role of the International Monetary Fund (IMF) in market integration?
What is a potential environmental concern related to market
Which of the following is NOT a key characteristic of market integration?
What is the term for when companies in unrelated industries merge or acquire each other?
How can market integration lead to job creation?
What type of market integration involves companies at different stages of the supply chain combining?
How can market integration benefit consumers?
What is a potential impact of market integration on national sovereignty?
Which of the following is NOT a benefit of market integration?
What is a potential challenge of market integration?
How can international organizations promote cooperation in market integration?
Which international organization sets rules and standards for international trade?
What is the term for when prices of similar goods and services tend to move in similar patterns across integrated markets?
What is the term for when markets worldwide become interconnected, leading to a truly globalized economy?
Which type of market integration involves countries within a geographical region forming economic partnerships?
What is a potential consequence of cultural homogenization due to market integration?
Which of the following is NOT a role of international organizations in market integration?
How does market integration contribute to economic growth?
How can market integration lead to enhanced competition?
Which of the following is NOT a type of market integration?
TRUE OR FALSE
The Age of Exploration, marked by European colonization and the transatlantic slave trade, had a purely positive impact on global
interconnectedness.
The term "globalization" gained popularity after the Cold War in the early 1990s.
The Industrial Revolution, with its technological advancements, had a minimal impact on the acceleration of globalization.
Economic globalization primarily focuses on the interconnectedness of national economies through trade, investment, and financial flows.
The establishment of international institutions like the UN, IMF, and World Bank after World War II hindered global economic and political
cooperation.
Social globalization is characterized by the decline of international organizations and the rise of nation-state sovereignty.
The Information Revolution, characterized by the internet, mobile technology, and social media, has had a significant impact on global
communication and interconnectedness.
The term "globalization" gained popularity after the Cold War in the early 1990s.
Globalization 4.0 focuses on emerging technologies like artificial intelligence and automation, shaping the future of globalization with both
opportunities and challenges.
Social globalization is characterized by the decline of international organizations and the rise of nation-state sovereignty.
Globalization has led to a reduction in trade barriers, promoting free trade and increasing global trade volumes.
Foreign Direct Investment (FDI) can lead to the transfer of capital, technology, and expertise to foreign countries.
Globalization has enabled businesses to expand their operations across borders, creating global supply chains and increasing
competition.
Exchange rates are solely determined by the value of one currency relative to another.
Globalization has influenced economic policies towards free market principles, privatization, and reduced government intervention.
The Silk Road, an ancient trade route, played a significant role in facilitating cultural exchange and economic growth.
Data visualization can be used to analyze global economic trends, such as GDP growth and trade flows.
The global economy encompasses economic activities that take place solely within a single country.
Social media can play a role in shaping public perceptions of global economic issues, but it is not susceptible to misinformation or biased
narratives.
Globalization is a recent phenomenon that emerged in the late 20th century.
ENUMERATION
Components of the Global Economy (5)
The impact of Globalization on Economic Practices and Policies (5)
Interpreting and Critically Evaluating Visual Media Related to Global Economic Issues (5)
Types of Market Integration (5)
Benefits of Market Integration (5)
Challenges of Market Integration (5)
