Question

Choose all that apply. What are some of the characteristics of globalization? trans-national corporations real-time news from around the world insourcing of labor foreign investing high tariffs between competing nations

Answer 1

The correct answers are:

- trans-national corporations

- real-time news around the world

- foreign investing

The process of globalization has affected the world in many ways, and it has been happening very quickly and all over the globe. This process has been connecting the whole world, and it still continues to do so and grow. That has led to a large scale economic collaboration between the nations, where the large corporations managed to spread out in other nations, continents. The least developed countries, as well as the transitioning countries has been constantly getting more and more foreign investments, which is constantly making their economy rise.  

Apart from the economic aspect of this process, it also connect the people from all over the world, which can easily be seen in the media. People from all over the world are able to receive real-time news about any place in the world, and they can see and hear that from their homes, even though they are thousands of miles away from the place where something happened and it is reported.