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Meaning of The Words A. Enabled - B. Enormously - C. Flourished - D .Floundered

Globalization has both benefits and drawbacks. While it has enabled some companies like Starbucks to use complex accounting rules to avoid paying taxes, it has also allowed information and ideas to spread more widely due to improved connectivity. The benefits include lifting millions out of poverty and contributing to local economies. However, the negative effects include greater income inequality between rich and poor nations, and new risks such as cybercrime have emerged alongside technological improvements. Overall, globalization has increased global wealth but not all people and countries have benefitted equally from the process.

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Khir Novo Ismael
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2K views1 page

Meaning of The Words A. Enabled - B. Enormously - C. Flourished - D .Floundered

Globalization has both benefits and drawbacks. While it has enabled some companies like Starbucks to use complex accounting rules to avoid paying taxes, it has also allowed information and ideas to spread more widely due to improved connectivity. The benefits include lifting millions out of poverty and contributing to local economies. However, the negative effects include greater income inequality between rich and poor nations, and new risks such as cybercrime have emerged alongside technological improvements. Overall, globalization has increased global wealth but not all people and countries have benefitted equally from the process.

Uploaded by

Khir Novo Ismael
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1. What do the following worda mean?

Use context clues from the text to determine the


meaning of the words:

A. Enabled
-
B. Enormously
-
C. Flourished
-
D .Floundered
-

2. What does the experience of starbucks tell the readers about globalization?
- In 2012, Starbucks made headlines after a Reuters investigation showed that the
chain hadn't paid much tax to the UK government, despite having almost a thousand
coffee shops in the country and earning millions of pounds in profit there.
As a multinational company, Starbucks was able to use complex accounting rules that
enabled it to have profit earned in one country taxed in another. Because the latter
country had a lower tax rate, Starbucks benefited. Ultimately, the British public missed
out, as the government was raising less tax to spend on improving their well-being.

3. What are the driving forces behind globalization?


- The internet has revolutionized connectivity and communication, and helped people
share their ideas much more widely, just as the invention of the printing press did in the
15th century. The advent of email made communication faster than ever.

4. What are the benefits of globalization?


- Globalization has led to many millions of people being lifted out of poverty.
-It is providing a livelihood and a benefit to the community as a whole.
- A multinational company's presence overseas contributes to those local economies
because the company will invest in local resources, products and services. Socially
responsible corporations may even invest in medical and educational facilities.

5. What are the negative effects of globalization?


- Every step forward in technology brings with it new dangers. Computers have vastly
improved our lives, but cyber criminals steal millions of pounds a year. Global wealth
has skyrocketed, but so has global warming.

While many have been lifted out of poverty, not everybody has benefited. Many argue
that globalization operates mostly in the interests of the richest countries, with most of
the world's collective profits flowing back to them and into the pockets of those who
already own the most.

Although globalization is helping to create more wealth in developing countries, it is not


helping to close the gap between the world's poorest and richest nations.

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