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Exercise 2. Q1: The driving forces behind globalisation are the following:

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Q1: The driving forces behind globalisation are the following:

(a) political, economic and technological developments.

(b) technological, transportational and computational developments.

(c) political, national and economic developments.

(d) economic, computational and security developments.

 

Q2: Today, the largest home and host economy of FDI is:

(a) the EU.

(b) Germany.

(c) the USA.

(d) Japan.

 

Q3: Has the financial revolution contributed to the increase of available capital to developing nations?

(a) No, it has not contributed to it.

(b) Yes, it has contributed to it.

(c) Yes, it has contributed to it, although the USA firmly opposed it.

(d) No, it has not contributed to it, although the EU propagated it very much.

 

Q4: Novel technologies in transportation have caused…

(a) a substantial fall in the costs of transportation.

(b) a substantial fall in the price of transportation.

(c) a great increase in the costs of transportation.

(d) a great fall in the volume of transportation.

 

Q5: Have international economic cooperation and new economic policies contributed to the intensification of globalisation?

(a) No, not at all.

(b) It would be too early to comment on it.

(c) Yes, significantly.

(d) Not yet, but they will do so soon.

 

Q6: Is the nation-state an anachronism?

(a) According to some, yes, it is. However, the author disagrees with the claim.

(b) According to the author, yes, it is. However, some disagree.

(c) According to the author, yes, it is. However, most of the people would disagree.

(d) It cannot be judged yet.

 

Q7: Which of the following statements are correct according to the textbook?

(a) There has been a profound shift from a state-dominated to a market-dominated international economy.

(b) Economic globalisation necessarily implies the decline of the state.

(c) Globalisation does not exist at all.

(d) Nation-states remain the dominant actors in both domestic and international economic affairs.

 

Q8: Regionalism entails…

(a) an increased regionalisation of foreign investment, production and other economic activities.

(b) an increased governance of the regional economies.

(c) a more intensified cooperation among nation-states and multinational corporations.

(d) a more robust increase of economic and political governance across borders.

 

Q9: One of the following factors is not considered as an engine of globalisation. Which one is it?

(a) trade and finance

(b) politics

(c) capital investment

(d) culture

 


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