Political & Economic Change in Development

The increasing isolation of national economies to protect local industries.

The decreasing interconnectedness of countries through trade and investment.

The increasing interconnectedness of countries through trade, multinational companies, and the exchange of ideas.

The process of governments exerting more control over international trade agreements.

Economic globalization refers to reduced government intervention, while economic liberalization refers to increased global interconnectedness.

Economic globalization is solely about cultural exchange, while economic liberalization focuses on political agreements.

Economic globalization is the increasing interconnectedness of countries, while economic liberalization is the removal of government intervention in the economy.

Economic globalization and economic liberalization are the same thing.

Increased tariffs on international trade.

Advances in technology, such as the internet and communication.

Stricter immigration policies limiting the movement of people.

A decrease in the number of multinational companies.

Technology facilitates faster communication and trade, while immigration spreads ideas and cultures.

Technology increases government control over information, while immigration leads to cultural homogeneity.

Technology decreases the need for international trade, while immigration creates economic barriers.

Technology and immigration have no impact on globalization.

Technology is more important because it directly enables communication and trade, regardless of government policies.

Economic liberalization is more important because it creates the regulatory environment necessary for technology to be effectively utilized.

Technology and economic liberalization are equally important and cannot function without each other.

Neither technology nor economic liberalization are important drivers of globalization; multinational corporations are the primary drivers.

Providing loans to developing countries.

Promoting and facilitating free trade among member nations.

Regulating international immigration policies.

Enforcing environmental regulations on multinational corporations.

Both the IMF and WTO primarily focus on providing financial aid to developing countries.

The IMF promotes economic stability through financial assistance, while the WTO focuses on reducing trade barriers.

The IMF regulates international trade, while the WTO manages currency exchange rates.

The IMF and WTO have identical roles in promoting economic liberalization.

Decreased international travel.

Reduced access to technology.

Increased inequality due to uneven distribution of benefits.

Stronger enforcement of local labor laws.

MNCs always adhere to local laws and regulations, preventing conflicts.

MNCs sometimes ignore local laws on labor, the environment, and taxes to maximize profits.

MNCs only operate in countries with strict environmental and labor laws.

MNCs are not powerful enough to influence or disregard local laws.

Globalization always leads to increased international cooperation and reduces nationalism.

Globalization leads to cultural homogeneity, which eliminates the basis for nationalist movements.

Globalization can lead to economic and cultural changes that prompt nationalist and populist groups to blame globalization; BREXIT is an example.

Globalization has no impact on nationalist or populist movements.