Globalization vocabulary quiz 🤔 You can do this quiz online or print it on paper. It tests some of the terms covered on the page about Globalization in our Vocabulary section. 1. Globalization results in greater _ _ _ _ _ _ _ among the world's nations. global equity independence interdependence a) global equity b) independence c) interdependence 2. Which economic policy limits globalization by reducing free trade? protectionism sustainability deregulation a) protectionism b) sustainability c) deregulation 3. What do we call foreign lands that a powerful country has invaded and taken from the original owners in order to sell their resources and occupy their lands? a global village a global power an empire a) a global village b) a global power c) an empire 4. Most of the world's poorest countries were part of a _ _ _ _ _ _ _ before modern globalization began. European region European empire European free market a) European region b) European empire c) European free market 5. Globalization allows corporations to reduce their labour costs by employing low-paid workers in developing countries. What is this called? outsourcing privatisation deregulation a) outsourcing b) privatisation c) deregulation 6. What can we call the emigration of highly-skilled people from developing countries to developed countries that offer higher wages and a higher standard of living? offshoring outsourcing brain drain a) offshoring b) outsourcing c) brain drain 7. Which is a system of trading that ensures developing countries receive fair prices for the goods they produce and export? free trade fair trade free and fair trade a) free trade b) fair trade c) free and fair trade 8. Which might allow the establishment of rules and regulations to ensure that a future globalized economy is based on fairness, equity and sustainability? global governance global market forces global supply chains a) global governance b) global market forces c) global supply chains 9. Globalization has allowed multinational corporations to promote Western-style consumerism and market Western foods, fashion, entertainment, etc. around the world. What is this process sometimes called? cultural transnationalism cultural standardisation cultural imperialism a) cultural transnationalism b) cultural standardisation c) cultural imperialism 10. When a country applies import tariffs, import quotas and other protectionist measures, it's trying to protect its _ _ _ _ _ _ _ businesses and jobs. global domestic outsourced a) global b) domestic c) outsourced Your score is: Correct answers: Globalization vocabulary Contributor: Matt Errey. Matt is the author of several books including 1000 Phrasal Verbs in Context and Common English Idioms for learners, and Matt's ESL Games and Quizzes for teachers.