Questions with Correct Answers 2025
The process of countries becoming more connected. It is the process of the world's economies, political
systems and cultures becoming more strongly connected to each other - correct answers-globalisation
Caused by the movement of info, capital, products, services and labour between different countries -
correct answers-cause of globalisation
The process of promoting and selling products or services - correct answers-marketing
Involves treating the world as one single market and using one marketing strategy to advertise a product
to customers all over the world. It can create global brand awareness - correct answers-global marketing
Information can be spread across the world quickly and easily. The development and rapid spread of
email, the internet, and social media means that large amounts of info can be exchanged instantly
across the globe. This allows communication - correct answers-factors promoting globalisation- flows of
information
Over time, the amount of foreign direct investment (fdi) has increased. Improvements in ict have
encouraged flows of capital globally - correct answers-factors promoting globalisation- flows of capital
Money that is invested - correct answers-capital
Fdi rose from $400 billion in 1996 to nearly $1500 billion in 2016 - correct answers-flows of capital
example
Historically, manufacturing industries were located in more developed countries. In recent decades,
manufacturing has decreased in more developed countries. Lower labour costs have caused companies
to relocate production abroad. As a result of these changes, international trade has increased. - correct
answers-factors promoting globalisation- flows of products
The number of people employed in manufacturing industries in the uk fell from more than 5 million in
1985 to around 2.6 million in 2014 - correct answers-flows of products example
Improvements to ict means services can locate anywhere. Services can be split into high (developed
countries) and low levels. Companies are increasingly relocating to low level services (labour=cheaper) -
correct answers-factors promoting globalisation- flows of services
During 1970s and 80s there was deregulation and opening up of national financial markets to the world -
correct answers-flows of services example
More people move overseas, either because they have to, or for work - correct answers-factors
promoting globalisation- flows of labour
Globalisation allows countries to pool their resources to solve global issues that are too great for a single
country to deal with. Greater integration of info gives better understanding of cultures - correct
answers-benefits of globalisation- integration
,As countries become more interconnected, they become more dependant on one another. This
discourages any actions that would upset global stability - correct answers-benefits of globalisation-
stability
Foreign investment brings capital into a country, which can be used, which can be used to improve
education and infrastructure. This in turn can attract further trade and investment - correct answers-
benefits of globalisation- development
Greater access to money and products improves people's standard of living - correct answers-benefits of
globalisation- economic growth
As companies move low skilled jobs to less developed countries, low skilled jobs to less developed
countries find it more difficult to earn money- creating a greater divide between rich and poor - correct
answers-negatives of globalisation- inequalities
Developed countries have intervened in conflicts in order to secure access to natural resources like oil -
correct answers-negatives of globalisation- conflict
Improved transport and communications systems have made human trafficking easier - correct answers-
negatives of globalisation- injustice
More pollution due to increased transportation. Access to resources from around the world causes
deforestation and overfishing. The abundance of cheap products around the world means people can
afford to be more wasteful, creating lots of landfill - correct answers-negatives of globalisation- harmful
to the environment
Include ways of working, procedures and methods of organisation that allow a particular function to be
carried out. Since the 1940s , many new systems have been introduced to make it easier for flows of
info, capital, products, services and labour to cross national boundaries - correct answers-factors
affecting globalisation- systems
Used for info, communications and transport has advanced rapidly - correct answers-factors affecting
globalisation- technology
Before ww2, most relationships between countries involved one country losing and another gaining.
Now, relationships are based on trade and common rules- allowing everyone involved to gain - correct
answers-factors affecting globalisation- relationships
Governs the flows of capital between countries. Based on companies called investment banks. These
help companies raise capital by selling shares on behalf of those companies. - correct answers-financial
systems
Allowed investigators greater access to info - correct answers-information technology
Investment banks created new financial products that made investment less risky - correct answers-new
financial procedures
Governments undertook financial regulation, where they relaxed rules about what banks are allowed to
do - correct answers-governments and financial deregulation
-govern the flows of products between countries and remove barriers to trade.
, -trade is primarily regulated by countries' governments, who control which products they let into the
country and at what price.
-to make it cheaper, countries can enter into a trade agreement. It benefits both countries' customers
and consumers
-the global trade system is governed by wto. It sets rules on how countries can trade with each other,
whilst also acting as a forum for countries to negotiate trade deals with each other and settle trade
disputes. - correct answers-trade agreements
- improved transportation systems have allowed people and products to get to places around the world
more easily than ever before.
-shipping containers were introduced in the 1950s-> this allowed more goods to be loaded onto ships at
once and transferred straight onto other forms of transport-> can be moved quickly and cheaply -
correct answers-transports and communications
-new ways of working have made companies more efficient
- companies' supply chains have become global. This allows companies to minimise coasts
-large companies can benefit from economies of scale. They can reduce the average cost making each
item by purchasing specialised equipment and using production lines. They may also be able to buy in
bulk. This gives large companies an advantage over small companies. - correct answers-management
and information systems
- globalisation creates new trading relationship between countries. By forming trade agreements,
countries become interdependent - if two countries need each other to buy and sell their products, it
would not be in their interests to be at war.
-> trade makes war less likely, by working together, countries are able to improve security - correct
answers-countries work together to prevent security threats
Countries rely on each other for economic growth - correct answers-economic
Countries are dependent on each other to solve issues that cannot be addressed by just one country -
correct answers-political
Greater connections between people living in different countries creates social interdependence
between countries - correct answers-social
Every country in the world is dependent on the rest of the world look after the environment - correct
answers-environmental
Creates inequality, both between countries and between people within the same country. It tends to
bring more benefits to developed coun tries and richer people because flows are unequal - correct
answers-interdependence
+ immigrants can create economic growth, as the do jobs the country's citizens can't do
+ people who migrate are not usually the poorest in society