Lesson Worksheet: Globalization and African Countries Economics
In this worksheet, we will practice identifying the impacts of globalization on today’s society, and how African countries can face the challenges and opportunities of globalization.
Q1:
What of the following does not describe the impact of globalization on contemporary societies?
- AGlobalization of science and technology
- BGlobalization of cultures
- CGlobalization of laws and policies
- DGlobalization of consumption patterns
- EGlobalization of wealth
Q2:
Which of the following is not a strategy for African countries to overcome economic dependency?
- AAdopting scientific methods in agriculture to achieve food self-sufficiency
- BForgiving international debts between African countries or granting grace periods for repayments
- CEncouraging the exportation of manufactured goods rather than natural resources
- DProviding capital for the establishment of major industries
- EAccelerating the production of land capital such as gold to increase exports
Q3:
What of the following is not an impact of globalization on contemporary societies?
- APoverty alleviation in developing countries
- BGlobalization of capital
- CScientific revolution
- DGlobalization of production
- ELiberalization of trade barriers
Q4:
Which of the following is not an accurate description of an opportunity or a challenge brought by globalization to the economies of developing countries?
- ADeveloping countries are exposed to equal competition for the production of goods and services.
- BDeveloping countries can produce capital goods to export to developed countries.
- CProduction conditions can widely vary between different developing countries.
- DPolicies of developing countries do not always encourage the production of goods and services.
- EDeveloping countries generally lack the necessary capital to participate in the knowledge economy.
Q5:
Which of the following is not correct about the TRIPS Agreement?
- AIt applies to tangible goods as well as intangible ideas.
- BIt has resulted in accelerated economic growth in developing countries.
- CIt contains a set of international rules concerning intellectual property rights such as patents and copyrights.
- DThere are severe penalties for violating it.
Q6:
Which of the following consequences of education is the most direct benefit to a country’s economy?
- AIt trains younger generations to prepare for political leadership positions in the future.
- BIt increases the average health and life span of individuals in the country.
- CIt increases the country’s competitiveness and enhances the knowledge economy.
- DIt creates new jobs for teachers and managers.
- EIt trains younger generations to make informed economic decisions.
Q7:
Which of the following most accurately describes African governments’ strategies to overcome economic dependency?
- ADeveloping educational policies that encourage advancements in science and technology
- BIsolating the country’s economy by prohibiting the import of goods and services
- CBeing independent from international trade blocs such as the African Union
- DEncouraging an accelerated production of land resources to increase exports
- EEncouraging the consumption of goods and services produced within the country’s borders by imposing tariffs on imports
Q8:
Which of the following most accurately describes how the African Union helps African countries overcome the challenges posed by globalization?
- AIt regulates the central banks of African countries to prevent high levels of inflation.
- BIt provides subsidies and grants to developing African countries to encourage export.
- CIt limits international economic relations to countries within the African continent.
- DIt facilitates economic cooperation between African countries to face other major international trade blocs.
- EIt forgives national debts of developing countries to encourage economic growth.
Q9:
Which of the following is not a component of globalization in economic terms?
- ARegulations on imported goods and services
- BTransfer of capital across political borders
- CFusion of economic entities to form an economic group on a global level
- DTrade of goods and services across political borders
Q10:
True or False: The TRIPS agreement involved only the protection of tangible goods.
- ATrue
- BFalse
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