1. Give three definitions of globalization.
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2. Give three ways by which globalization takes place.
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3. Give three positive results of globalization.
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4. Give three negative results of globalization.
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5. Give three things that could balance the impact of globalization.
Answer (1)
GlobalizationThe growing interconnection of economies, cultures, and technologies across borders.The integration of markets for goods, services, capital, and labor at a global scale.The intensified flow of information and ideas that links societies and influences local life.Globalization HappensTrade liberalization and international agreements;Technology & internet enabling instant communication;Migration and tourism spreading cultures and skills.Positive resultsWider access to products/knowledge;New jobs and investments;Faster innovation and medical/tech collaboration.Negative resultsJob displacement in vulnerable sectors;Cultural homogenization;Environmental strain and inequality.Balancing actionsStrong labor and environmental standards;Inclusive education/upskilling for workers;Smart regulation on data, taxation of multinationals, and support for local SMEs.
