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III. Comprehension check

3.1. Answer the questions:

1. What is globalization?

2. What are the several key characteristics of globalization?

3. What is the diffusion of knowledge?

4. What are the positive aspects of globalization?

5. What are the negative aspects of globalization?

6. What does the term loss of culture mean?

7. How do you understand the term «disparity in the development of the economies»?

8. What is your position towards the globalization?

9. Does globalization influence your life? How?

10. Would you like to live in the global world?

3.2. Match the parts of the sentences:

1. Globalization can be

described as a process

1. to the people in the host

country.

2. In years past, people across the globe

2. unaffiliated with the

government and can be nationally or globally focused.

3. When a new invention or way of doing

3. by which the people of the world are unified into a single

society and function together.

4. So called non-governmental organizations bring together people

4. but not with the quality of the product.

5. This obviously caters to

employment and income

generation

5. did not have the ability to communicate and could not

interact without difficulty.

6. Today the customers may compromise with the price range

6. something pops up, it does not stay secret for long.

7. Many huge firms

are investing in the developing countries

7. one can conveniently deliver the products to a customer located at any part of the world.

8. Information technology has played a vital role

8. and presents new threats and challenges for epidemics.

9. Today with various modes

of transportation available,

9. by setting up industrial units outside their home country.

10. Today, international trade has broadened its horizon

10. and power in the hands of

a few developed economies.

11. Globalization has given rise to more health risks

11. in bringing the countries closer in terms of communication.

12. Instead it has led to the

accumulation of wealth

12. with the help of business

process outsourcing.

13. Deforestation is practiced owing to the non-availability

of land,

13. are tending to be the supreme power.

14. Developed countries are moving their factories

14. one seller has a say in

a particular product or products.

15. This is because of the

modern marketing techniques

15. thereby drastically reducing the forest cover.

16. The fast-paced economies, that is the developed countries

16. to foreign countries where

labor is cheaply available.

17. Monopoly is a situation wherein only

17. to be a hot potato for the twenty-first century.

18. So globalization is likely

18. like advertising and branding.