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3.1.1 Define the term globalisation in your own words - NSC History - Question 3 - 2020 - Paper 2
Question 3
3.1.1 Define the term globalisation in your own words. (1 x 2) 3.1.2 Give TWO examples in the source of the effects that globalisation had in various societies arou... show full transcript
Worked Solution & Example Answer:3.1.1 Define the term globalisation in your own words - NSC History - Question 3 - 2020 - Paper 2
Step 1
Define the term globalisation in your own words.
Answer
Globalisation refers to the interconnectedness of nations through the exchange of goods, services, ideas, and culture. It signifies how economies, societies, and cultures are integrated on a global scale, greatly influenced by advancements in technology and communication.
Step 2
Step 3
According to the source, why did many observers believe that countries have entered 'an uncertain phase' in their economic development? List THREE factors.
Answer
- Increased global competition has made economic stability more challenging.
- Fluctuations in global markets have led to unpredictable economic conditions.
- The rapid pace of technological change has created disparities in economic growth among countries.
Step 4
Using the information in the source and your own knowledge, comment on Thomas Friedman’s claims 'that today globalisation is "farther" (and) "faster" '.
Answer
Friedman’s assertion highlights how globalisation has expanded both in scope ('farther') and speed ('faster'). It is evident in the instantaneous nature of communication and trade across continents, drastically impacting economies. However, this rapid change can also exacerbate inequalities and leave certain communities struggling to keep pace.