CONTEMPORARY WORLD REVIEWER
 Globalizations has lead to increase
awareness and to address..
Ans. Environmental Challenges
 Which event in late 20s century made a
significant role in this man made that
barriers
⁃ Berlin Wall
 United nation established in “what year” to
promote international cooperation and peace
⁃ 1945
 Climate change is primarily driven by the
increase in __ gases in the ..
⁃ Green house gas
 The process of a country leading a regional
organization like the eu is known as __
⁃ Brexit
 The global economics system dominated by
the capitalist market economist is often
referred to as _ capitalism
⁃ Neoliberal
 An international organization that provides
financial assistance
⁃ International Monetary Bank or IMF
 The migration of highly skilled educated
individuals one country to another often
leading to a loss of talents in a country or a
region
⁃ Brain drain
 This stains and blending of cultural
elements leading to the creation of new and
⁃ Cultural hybridization
 The idea that advances in communication
and technology have created the rule
where everybody is closely connected and
interdependent
⁃ Global village
(20 Multiple Choice) (30 T or F) (30 Matching) (20 Identification)
 A regional group of countries that help to
reduce or eliminated trade barriers among
themselves promoting economic cooperation
⁃ Trade bloc
 The process of globalization has lead to
increase in
⁃ Cultural homogeneity
 Which historical event significantly
accelerated globalization in the 15th century
⁃ Age of exploration
 The rapid development and adoption of
new technologies that facilitate global
communication trade and
interconnectedness
⁃ Technological advancement
 Sustainable development goals are set of _
for getting in addressing global challenges
- Global Targets
 The European union uses down _ of
currency
⁃ Euro
 Globalization refers to the increase of __
and interdependence of countries
⁃ Interconnectedness
 The arabs free movement in early 2010 in
promoting __ and demographic reforms
several middle eastern countries
⁃ Political change
 Companies that operate in multiple
countries with businesses, interest and
activities in global scale
⁃ Multinational corporations
 The practice of contracting out certain
business functions or process external
service providers
⁃ Outsourcing
CONTEMPORARY WORLD REVIEWER
 The silk road connecting the east and west
is example of early __
⁃ Global trade routes
 The proliferation of fake news and
misinformation is a challenge to _
journalism
⁃ Responsible
 The process of countries borrowing money
from international financial institutions like
the imf is often referred to as __
⁃ Debt of financing
 Which global organization focuses on
addressing issues related to labor rights and
working conditions
⁃ International labor organization (ILO)
 Refers to the concept of recognizing oneself
as a member of a global community, beyond
just being a citizen of a specific nation or
locality. It involves a sense of belonging to a
larger world and a recognition of the
interconnectedness and interdependence of
people and nations across the globe.
- Global Citizenship
 It represents a resurgence of classical liberal
economic ideas, emphasizing limited
government intervention in the market, free-
market capitalism, and the promotion of
individual entrepreneurship and competition.
- Neoliberalism
 Refers to the investment made by
individuals, businesses, or governments of
one country into assets or enterprises located
in another country.
- FOREIGN DIRECT INVESTMENT (FDI)
 Refers to the increasing interconnectedness
and global dissemination of information,
data, knowledge, and communication
through various technological and digital
means.
- GLOBALIZATION OF INFORMATION
(20 Multiple Choice) (30 T or F) (30 Matching) (20 Identification)
 Business practice in which a company
relocates certain operations, functions, or
processes to a foreign country as a strategic
decision to reduce costs, increase efficiency,
or access specific skills or markets.
- OFFSHORING
 An international organization that deals with
global trade issues and establishes the rules
and agreements governing international
trade between its member countries.
- WORLD TRADE ORGANIZATION
 Refers to the mutual reliance of different
countries, regions, or economic entities on
one another for their economic well-being
and development. It occurs when these
entities engage in trade, financial
transactions, and other economic
interactions that connect their economies in
various ways.
- ECONOMIC INTERDEPENDENCE
 Complex network of organizations, resources,
activities, and technologies involved in the
production, distribution, and delivery of goods
and services to customers worldwide. It
encompasses the entire process of sourcing,
manufacturing, assembling, storing, and
transporting products, as well as managing
information and financial flows across
international borders.
- GLOBAL SUPPLY CHAIN
 Refers to the process of reducing or
removing barriers to international trade, with
the goal of increasing the flow of goods and
services between countries.
- TRADE LIBERALIZATION
 Complex and multifaceted phenomenon that
refers to the increasing interconnectedness
and interdependence of countries, cultures,
economies, and people around the world. –
- GLOBALIZATION
TRUE/FALSE
 Globalization has been beneficial in travel
passers and too accessible.
⁃ True
CONTEMPORARY WORLD REVIEWER (20 Multiple Choice) (30 T or F) (30 Matching) (20 Identification)

 The concept of localization emphasized the

adoption of global products in services of
global markets

⁃ True

 Globalization has increase in flow of capital

made it to countries to attract foreign
investment

⁃ True

 To spread of information thru globalization

has made easier for religious extremist

⁃ True

 The globalization has a uniform impact in

all countries regardless of their level of
development

⁃ False

 Globalization has facilitated the movement

of people leading to asserts in international
migration

⁃ True

 Globalization encompasses economic

cultural, political, and social integration

⁃ True

 Globalization tends to homogenize religious

traditions making them old and same

⁃ False

 Globalization has no impact on religious

beliefs and practices

⁃ False

 Globalization has been driven primarily by

the political agreements and government
policies

⁃ False