According to John Tomlinson, globalization is affected by culture and vice versa. Jihad is a form of resistance that comes with Western Homogenization.

a. Both statements are true

b. Both statements are false

c. Only the first statement is correct

d. Only the second statement is correct

The political globalization scholars argue that we are now witnessing a homogenization of culture as a result of globalization. During the Bretton Woods Conference, observers called it the era of the "golden age of capitalism."

a. Both statements are true

b. Both statements are false

c. Only the first statement is correct

d. Only the second statement is correct

It refers to a consumer-oriented capitalist global economy blamed for uprooting people from their traditions and subverting them to regulate their norms and behavior.

a. Jihad

b. McWorld

c. Consumerism

d. McDonaldization

Most of the participants in the academic debate regarding globalization are from the southern hemisphere. One of the reasons why there is agreement when it comes to globalization is that the concept is a fragmented set of social processes.

a. Both statements are true

b. Both statements are false

c. Only the first statement is correct

d. Only the second statement is correct

Intensified global interdependence is the result of the evolution of markets and corporations. The growth of international institutions like European Union, ASEAN, and other regional trading blocs are examples of intensified global interdependence.

a. Both statements are true

b. Both statements are false

c. Only the first statement is correct

d. Only the second statement is correct

Which of the following is the component of transnational financial system?

a. Privatization

b. Deregulation

c. Removal of credit controls

d. All of the above