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level: W03 National borders in the age of globalization

Questions and Answers List

Question	Answer
To aid economic growth individual countries have to give up some sovereignty to capital markets or multinational companies.	¨Golden straitjacket¨
Rapid technological advances develops new traveling options which then results in lowered transportation costs for the company, hence fueling the global trend.	Name one main reason to way globalization have increased in the recent years
Secondly, communicational improvements due to technology have allowed companies to ensure a better and constant flow throughout their operations.	Name another reason to why globalization have increased in the recent years
The cost of moving people have decreased with technological progress. Many can now work with global businesses from their home. You dont need to be in Asia to work with Asians ex.	Name a third reason to why globalization have increased in the recent years
Mixing foreign nations and people derives uncertainty leading to a nationalistic mindset that wants to preserve sovereignty and certainty.	Why is nationalism rising as an ideology from increased globalization?
A mix between localization and globalization. You expand and adapt some concepts to local markets. Ex. McDonalds, Hamburger fastfood chain the serves rice in their Asian restaurants and beer in the german ones.	¨Semi-globalization¨