What are the factors that contribute to globalisation?: Practice Questions

• a.By increasing the cost of international shipping
• b.By encouraging people to remain in their home countries
• c.By allowing people and goods to move more quickly and efficiently across borders
• d.By reducing the need for global supply chains

• a.Political isolationism and the reduction of internet access
• b.Environmental conservation and the expansion of rural farming
• c.Cultural homogenisation and the rise of nationalism
• d.Technological advancements and the growth of Multinational Corporations

• a.It shows a decline in the importance of global trade for large businesses.
• b.It indicates that the MNC is attempting to reduce its global footprint.
• c.It represents a move towards total self-sufficiency for the host country.
• d.It demonstrates the fragmentation of production and the deepening of economic interdependence between countries.

• a.Discouraging the use of social media platforms
• b.Limiting communication to local networks only
• c.Facilitating the instantaneous exchange of information across the world
• d.Increasing the time taken to process international transactions

• a.It has made physical borders completely irrelevant for all types of trade.
• b.It has enabled businesses to coordinate production and sales across different time zones in real-time.
• c.It has reduced the level of competition among international companies.
• d.It has caused a shift back to traditional brick-and-mortar retail exclusively.

Write your answer out first, then check it against the worked solution.

Write your answer out first, then check it against the worked solution.