Globalization Is Best Described As

question 185

Multiple Choice

Globalization is best described as:

• A) a new process.
• B) an old process that has consistently grown.
• C) an old process that has grown intermittently.
• D) an old process that has declined over time.

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Definitions:

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

World Bank

A global financial organization offering loans and grants to low-income country governments to support capital projects.

Relative Poverty

A condition where individuals or groups have significantly less income or resources compared to the average in their society.

Absolute Poverty

A condition where individuals or families are unable to meet their basic needs for survival, such as food, shelter, and healthcare.