Question 1

What is one of the greatest difficulties that governments face in today's global economy,according to your textbook?

Accepted Answer

Each option outlines a significant challenge that governments face in the context of the global economy: tax avoidance by multinationals, balancing competitiveness with social capital expenditure, and the dilemma between treating citizens as 'citizens' with entitlements versus 'consumers' who pay for services. These are all interconnected issues that reflect the complexities of governance in a globalized world.

Question 2

Reich (1991)identifies a broad range of globalized occupations and professions that he refers to as symbolic analysts.According to Reich,what does symbolic analysis entail?

Accepted Answer

Symbolic analysis, as described by Reich, encompasses all the activities listed in options A, B, and C, including manipulating symbols, simplifying reality into abstract images, and transforming images through various analytical tools.

Question 3

Call centre workers are a good example of ______.

Accepted Answer

Call centre workers are often compared to modern factory workers due to the structured, repetitive nature of their tasks and the environment in which they work, which is highly monitored and controlled, similar to a factory setting.

Question 4

According to chapter 15 of your textbook,what do recognizable brands such as Rolex,Porsche,and Chivas Regal represent?

Accepted Answer

These brands are examples of how globalization not only spreads universal values and attachments through global consumer products but also how these products symbolize success across different languages and cultures, as they are recognized and valued worldwide.

Question 5

Which one of the following is not an impact of global production?

Accepted Answer

The #MeToo movement, while influenced by global dynamics, is primarily a social and cultural movement focused on sexual harassment and assault, rather than a direct impact of global production. Global production impacts factors like identity, sustainability, and global relations more directly through economic and environmental changes, as well as through the cultural exchanges that occur as a result of global trade and cooperation.

Question 6

What is the consequence for a company becoming global?

Accepted Answer

The answer of What is the consequence for a company...

Question 7

What changes has globalization brought to labour markets?

Accepted Answer

Globalization has increased demand for both high-value expert jobs and service work, as companies seek specialized skills and also require support services.

Question 8

Which one of the following is another term to refer to the symbolic analysts - whose occupations include lawyers,mathematicians,academics,research scientists,art directors,anthropologists etc.?

Accepted Answer

Knowledge workers is the term used to refer to symbolic analysts, as it encompasses professionals who generate, process, and manage information, such as lawyers, mathematicians, academics, and research scientists. These roles rely heavily on cognitive skills and the manipulation of symbols and data, aligning with the definition of knowledge workers.

Question 9

What does Clegg (1999)argue is a consequence of international companies seeking to successfully innovate through globalization?

Accepted Answer

Clegg (1999) argues that globalization can lead to injustices as companies use employee knowledge from one region to improve efficiency elsewhere, potentially resulting in job losses in the original region.

Question 10

Which of the following jobs would NOT be representative of a symbolic analyst,as conceptualized by Reich (1991)?

Accepted Answer

Symbolic analysts, as described by Reich, engage in problem-solving, problem-identifying, and strategic brokering activities. This includes professions like mathematicians, psychology professors, and international lawyers, who deal with abstract concepts, knowledge creation, and global systems. A Disneyland ride operator, however, does not fit this description as the job primarily involves routine, operational tasks rather than analytical or creative problem-solving.

Question 11

Globalization means the substitution of ______.

Accepted Answer

Globalization involves the compression of the world and the intensification of consciousness of the world as a whole, which can be interpreted as reducing the significance of geographical distance (space) through the speed of communication, transportation, and economic transactions (time).

Question 12

Which one of the following is a consequence of globalization according to Harvey (1992)?

Accepted Answer

Harvey (1992) discusses the impacts of globalization on the financial system, emphasizing how it has become more autonomous from real production and is now more about the flow of capital represented by signs rather than tangible goods. He also highlights the role of new communication technologies in enabling the globalization of capital flows and the way they have collapsed time, allowing for instantaneous financial transactions. Thus, all the options provided are consequences of globalization according to Harvey.

Question 13

A young girl selling her services as a cleaner for a wealthy executive from a global company is an example of ______.

Accepted Answer

The term "grunge jobs" refers to low-status, low-paid, and often physically demanding work, which aligns with the description of a young girl selling her services as a cleaner for a wealthy executive.

Question 14

Which of the following defines globalization?

Accepted Answer

Globalization involves both the worldwide reach and impact of social phenomena and the awareness among social actors, encompassing economic, cultural, and social dimensions.

Question 15

Which one of the following is,according to chapter 15 of your textbook,characteristic of contemporary globalization?

Accepted Answer

All of the options listed (A, B, and C) are characteristics of contemporary globalization as described in various academic and educational materials. Contemporary globalization is marked by the internationalization of financial markets and corporate strategies, the worldwide diffusion of technology, research and development (R&D), knowledge, and the emergence of global media. These elements collectively contribute to the interconnectedness and interdependence of the world's economies, cultures, and populations.

Question 16

Which one of the following statements reflects globalization as according to chapter 15 of your textbook?

Accepted Answer

All the statements reflect aspects of globalization as it involves the integration of markets and technology, is facilitated by advancements in telecommunications and transportation, and enables organizations to enter new markets, leverage technology, and reduce costs and risks.

Question 17

According to your textbook,a fundamental tension exists between national governments and transnational companies,that tension being that ______.

Accepted Answer

Transnational companies often operate across multiple jurisdictions, leading to complexities in governance and taxation that can conflict with national government regulations.

Question 18

Which one of the following are arguments your textbook makes about the relationship between transnationals,wages,and taxes?

Accepted Answer

The correct answer is D because it combines the insights that transnationals do not primarily seek out low-wage, low-tax areas for investment. Instead, they often prefer locations in globally connected cities with higher wage costs and rents, suggesting that factors such as connectivity, market access, and perhaps the availability of skilled labor are more important than just low costs.

Question 19

According to Porter (1990)the most important competitive force in the global economy is ______?

Accepted Answer

Porter (1990) emphasized the capacity for innovation as the most important competitive force in the global economy, highlighting how innovation drives competitive advantage and success in the global market.

Question 20

Which one of the following is a plausible example of national states still having control over globalization?

Accepted Answer

National laws that limit the reproduction of digital data are a clear example of how nation states can still exert control over aspects of globalization, such as the flow of information and digital content. This demonstrates that despite the global reach of digitalization, national regulations can still impose restrictions and shape the extent and manner in which globalization processes occur.

Quiz 15: Managing Globalization