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Revision Game on Globalization

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  • Suggest three characteristics of globalization.
    Time–space compression, Formation of global interconnecting networks, Global economic integration, Mutual influence of cultures...etc
  • Intense connection worldwide makes the world look like a ‘_____________________’
    Global village
  • What are the characteristics of economic globalisation?
    Integration of financial, labour, commodity, raw materials and emergence of international organization
  • Explain global economic integration
    market economy and free trade > international trade keeps increasing
  • What is TNC?
    Transnational corporations
  • How do transnational corporations promote Economic Globalization?
    Raising fund and investment/sourcing and production/ brand establishment and sales
  • Explain disneyization.
    Theming, Hybrid consumption, merchandising, performance labour
  • Give two examples of mutual influence of cultures
    Universal values, Global citizenship
  • What are the factors promoting the rapid development of globalization?
    Transport technology, information and communication technology
  • Suggest a way to tackle global issues at the local level
    e.g. fund-raising, organizing talks
  • Give 2 examples of anti-globalisation movements.
    Boycotting the brand, protest and demonstration
  • What are the factors affecting people's ability to use technology?
    Uneven chances to approach and use technology and education level.
  • Cultural globalization is...
    the process in which different cultures in the world interact and affect one another
  • What are the personal factors affecting the ability in using technology?
    Education level, income, age, entrepreneurship, gender, race...
  • What is globalization?
    Globalization means gradually vanishing geographical restrictions and strengthened connection among people all over the world
  • What is time-space compression?
    Time and spatial restrictions during cross- regional communication fade away and nearly disappear
  • Give two examples to illustrate the spread of western culture.
    Hollywood movies, western festivals, western language
  • Name 5 TNCs in 10 seconds.
    e.g. amazon, KFC, McDonald, Nike, Adidas
  • How can transnational corporations improve the quality of life of people in developing countries?
    Mass production need labours (outsourcing --> more job opportunities --> profits)
  • What are the factors leading to anti-globalisation?
    e.g. Global disparity due to capitalism and free trade, & uneven distribution of political power
  • Give Two examples to illustrate sharing economy
    e.g. airbnb, Uber, ofo bike...etc
  • Name the elements of Mcdonaldization.
    Efficiency, calculability, Predictability, Control
  • What is go public?
    Issue shares and bonds in financial market