A. Initiative on Global Markets. Globalization moves jobs and capital to places that need these resources. A Survey of Experts. Manual work is increasingly being automated, lowering demand for workers. D) landscape progression. For example, many software engineers and Internet entrepreneurs who live and work in Silicon Valley, California, maintain homes inand strong social ties toIndian states such as Maharashtra and Punjab. 2020. Get a Britannica Premium subscription and gain access to exclusive content. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. globalization is a term that is used to refer to the increased interdependence among nations. Stokes, Bruce. Clashing over Commerce. Economists look at the effects of globalization across the entire economy to weigh the pros vs. cons. Not enough has been done to help those who have lost out from trade competition. A) New York and Chicago. Multiple-choice. E) Vancouver, BC. A culture overcomes a threat to its own by strengthening its own cultural image. 2020SAGE Publications SAGE Publications India Pvt. The way globalization allowed this situation to spread led to the nation of Iceland nearly goingbankrupt, for example.PoliticsCultural and economic globalization have caused countries to become more connected politically. C) The spread of AIDS to the United States. E) Cultural assimilation. The globalization of cultural subgroups is not limited to the upper classes. Technology firms have taken special advantage of their innovations this way. People may choose to immigrate for a variety of reasons, such as employment opportunities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family. Negotiated under President Obama, the Trans-Pacific Partnership (TPP) agreement was intended to entice China to improve its practices by allowing the country in on the lucrative deal only if it agreed to new rules, but President Trump withdrew from the deal. What is the term for a group of people who identify with their cultural and Globalization has made Gogol immediately comfortable with American culture. 2016, or 185 percent of GDP.). Washington: Peterson Institute for International Economics. 2020. Thefinancial crisisthat began in the United States in 2006 quickly spread around the world. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. individuals and their communities. They fear that everyone will end up eating hamburgers and watching Hollywood movies. Furman, Jason. A) interstate highways. In reality, it has been very difficult for many of these workers to transition, with lasting effects on Lawrence, Robert Z. While every effort has been made to follow citation style rules, there may be some discrepancies. Mathieu, Edouard, Hannah Ritchie, Lucas Rods-Guirao, Cameron Appel, Charlie Giattino, Joe Hasell, Bobbie Macdonald, Saloni Dattani, Diana Beltekian, Esteban Ortiz-Ospina and Max Roser. Annual Review of Economics 8: 205240. 2016. As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy. A) marriage tax. United States spends only a fifth of what other advanced economies spend on average to help people find new jobs C) the spread of an idea from persons of power to other persons. E) Transculturation. On the other hand, during times of unrest, dependence on outsidenations,in a global economy,may seem scary. The Institute discloses all sources of funding, which comes through donations and grants from corporations, individuals, private foundations, and public institutions, as well as income on the Institutes capital fund and from publishing revenues. B) The spread of drive-through windows from fast food restaurants to liquor stores. improve their competitiveness, Leads to higher tariffs on US exports, which would dampen sales and hurt US businesses and workers, Jeopardizes role of the United States as a world leader in international cooperation, making it more difficult to B) the South and northern US Cities. 2019. D) New England. PIIE Working Paper 17-10. The global economy allows us to eat the foods we want all year round andbuyclothing and gadgets at lower prices. D) Poland. Countries frequently cooperate to enact trade agreements. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. JOB CHURN of the cause. This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. Studies have shown that bats can consume an average of ten mosquitoes per minute (berkshiremuseum.org). Deglobalization 2.0: Trade and Openness During the Great Depression and the Great Recession by Peter A. G. van Bergeijk ISBN: 9781788973458 Published/Created: 2019 The rapid integration of global governments, businesses and capital has faced a dramatic and often hostile backlash in recent years. Globalization increases global wealth and improves economic development. C) Eastern Ontario-Western Quebec. 2001. They also say that outsourcing has causedwealthycountries to lose too many jobs. B) Contagious diffusion. Free trade and the rule of law were mainstays of the system, helping to prevent most economic disputes from escalating into larger conflicts. A geographic assemblage of related culture regions is They circulate in a social world that has multiple home bases, and they have gained access to a unique network of individuals and opportunities. Globalization results in the expansion of international cultural, economic, and political activities. As pointed out by Swedish anthropologist Ulf Hannerz, this group advocates a view of global culture based not on the replication of uniformity but on the organization of diversity. Often promoting this view are nongovernmental organizations (NGOs) that lead efforts to preserve cultural traditions in the developing world. US administrations have taken different approaches to deal with these concerns. Manufacturing employment share has also declined Which example is not an ethnic region of North America? 2017. A) folk culture populations are usually small. D) the area know as the "South". 1948. The lower-wage workers may have lacked the skills and mobility to transition to other lines of work, whereas higher-wage workers relocated to companies outside manufacturing. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. E) none of the above. 2016. A) Southwest USA-Northern Mexico. The globalization of Christianity spread from Europe toLatin Americathrough Christian missionaries working with the local populations.Globalization wasaccelerated in the nineteenth century with theIndustrial Revolution, as mechanicalmills and factories became more common. Globalization has led to both a growing interconnectedness and a rise in xenophobia. B) the spread of an underlying principle or idea. 2017. After World War II, the United States helped build a global economic order governed by mutually accepted rules and overseen by multilateral institutions. Tariffs are paid by domestic importers, not foreign governments or exporters. Globalization changes the types of jobs available but has little effect on the overall number of jobs in the ever-changing US labor market. 2017. PBS News Hour (November 21). UNCTAD (United Nations Conference on Trade and Development). Cambridge Journal of Economics Volume 28, Issue 2 (March): 22952. . C) The spread of AIDS from Africa to Europe. Geneva: World Trade Organization. D) the spread of an idea or trait through the physical movement of people from one place Sylvester Systems borrows $110,000 cash on May 15 by signing a 60-day. The world is becoming more globalized and connected. Popular Culture is characterized by all of the following except Relocation diffusion is C) restaurant chains. Which of the following is an example of a formal cultural region? D) The spread of Roman Catholicism to Latin America. Promotes free trade. Distribute copies of the worksheet Decision Matrix to each student. Some menu items, such as the Big Mac, are the same all over the world. 1997. Bergsten, C. Fred. E) Native Americans. Prospects for Economic Reform and Medium-Term Growth in the United States. As a major world trading partner and manufacturing hub, China has become one of the most dominant forces in the global economy. SCALED UP BUSINESSES 2012. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. D) Salt Box homes in New England. Services are business activities conducted between countries, such as tourism, finance, insurance, real estate, science exchanges, professional services, business management, education, health care, arts, entertainment, accommodation, and food services. Which statement best describes trends in globalization of markets? 2017. Globalization results in the expansion of international cultural, economic, and political activities. Table of Contents Thesis Statement Introduction How youth culture operates in the contemporary global world The negative aspects of youth culture The future of youth culture and globalization Conclusion Works Cited We will write a custom Term Paper on Youth Culture and Globalization specifically for you for only $11.00 $9.35/page D) television and other media. 2017. 2021 Peterson Institute for International Economics. E) All of the above. Protectionism in the 2016 Election: Causes and Consequences, Truths and Fictions. Kirkegaard, Jacob Funk. Flickr/Levan Ramishvili and Leon Yaakov D) cultural exclaves. C) Nationality. Geography, Human Geography, Social Studies, World History. Globalization is growing less important as time passes. The greatest areas of job growth now in the United States are in professional and business services, health care and social assistance, and educational services. Experts are tested by Chegg as specialists in their subject area. E) all of the above, A patriarchal society is one that 2018. Other advanced economies have generally increased the size of government programs as they People often practice their folk customs instead of pop culture because PIIE Policy Brief 16-5. Bown, Chad P., and Melina Kolb. D) The Gulf Coast. Below is a list of various protectionist actions and their economic, diplomatic, and national security risks. D) Thai cuisine. D. Implement a program designed to increase economic development in impoverished countries. Hufbauer, Gary Clyde. Imports are goods or services purchased from outside the country. 1. B) Southern Florida. place to another. Material aspects of culture include While these goals are simply stated and obviously will pose challenges to resolve, the stakes are high to rebuild trust in a global system that has helped secure prosperity and peace. Broader domestic policies can also help workers adapt to the continuously changing job market, such as access Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). PIIE Policy Brief 17-23. Washington: Peterson Institute for International Economics. 2016 were $26 trillion, equal to 140 percent of US GDP. The History of an Idea. Global Value Chains and Development: Investment and Value Added Trade in the Global Economy. A pop quiz consists of three truefalse questions and three multiple choice questions. Hull, Cordell. Washington: Peterson Institute for International Economics. C) St. Valentine's Day. to another. B) grooms gift. B) Traditional housing. A Cultural transition zone is Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Hufbauer, Gary Clyde, and Euijin Jung. EconomyThe internationaleconomyhas also become more globalized in recentdecades. C) Hispanics. Globalization promotes interconnection among diverse national economies. The Memoirs of Cordell Hull, Volume 1. Oldenski, Lindsay, and Theodore H. Moran. Hendrix, Cullen S. 2016. height: 60px; B. Trade and Investment Policy Watch (June 14). Many buildings were damaged. Globalization has lead to greater homogenization and reduced fragmentation. to higher education and health care, but Americans remain conflicted about the governments role in these social nonfarm, nongovernment employment. B) Many older urban neighborhoods offer a sense of place. US Marine Corps This is the process by which a less dominant culture adopts some of the traits of a C) each major world religion can be directly linked to a cultural homeland. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. OECD Publishing. C. Globalization makes national identity irrelevant. Which of the following statements best describes the dialectics of globalization? C) dowry. In most parts of the world, professionals such as bankers wear suits, and jeans and T-shirts are common for young people.There has also been an increasing exchange of foods across the globe. Contagious diffusion is Powerful PeppersFood has long been an important part of globalization. B) Fourth of July. Washington: World Bank. Washington: Peterson Institute for International Economics. C) rural areas of the South and Midwest. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. See how trade helps both sides be more productive. cultural globalization, phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. Which statement describes the globalization of culture More uniform consumption preferences enhanced communications increased unequal access to resources A hearth is defined as A region from which a phenomenon originates E) none of the above, AP Human Geography Chapter 4 Multiple Choice, Information Technology Project Management: Providing Measurable Organizational Value, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, The Cultural Landscape: An Introduction to Human Geography, AP Edition. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. By late 2019, tariffs had increased to around 20 percent and new duties covered over half of exports from each country. Through globalization, people may become aware of incidents very quickly. E) uniform landscapes. Which of the following areas is not considered a cultural realm? Graphics by William Melancon E) folk cultures eat mostly foods that locally available. C) folk cultures have a homogeneous population. Pew Research Center (December 14). Many of them also face lower earnings or have dropped out of the workforce. Our editors will review what youve submitted and determine whether to revise the article. Which of the following is an example of hierarchical diffusion? D. Globalization contributes to global political, economic, and military dominance of some countries over others. Bigger factors than trade that drive job displacements are labor-saving technologies, like automated machines and artificial intelligence. Realtime Economic Issues Watch (January 21). A) Folk cultures perceive the environment as a hostile place. Chicago Fed Letter, No. E) Detroit and Nashville. B) migrants. Desilver, Drew. New York: Macmillan. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.Globalization in HistoryGlobalization has a long history, for example, Ancient Greek culture was spread across much of southwestern Asia, northern Africa, and southern Europe. A payment of money or goods from the family of a bride to the grooms father is Washington: Peterson Institute for International Economics. 3. But not until the 19th century did global integration take off. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. Text on this page is printable and can be used according to our Terms of Service. those who adopt new ideas just before the average member of a social system, those who are reluctant to adopt until most others do so, those who are the last to adopt an innovation, insisting on using ones own cultural rules. (October 27). This lists the logos of programs or partners of, Yale University: Yale Center for the Study of Globalization, Standard 3: Allocation of Goods and Services, choose and support one side of the debate, Tech Setup: 1 computer per learner, Speakers. 2. Have students use the provided websites to conduct their own research and to learn more about the issues in the debate over globalization. The fiery chili pepper is native to the Western Hemisphere. B) Step migration. A) The spread of Spanish language to Latin America. D) Migrant diffusion. Globalization refers to the technological, political, economic, financial, and cultural exchanges between peoples and nations that have made and continue to make the world a more interconnected and interdependent place. E) Japanese capitalism. Washington: Peterson Institute for International Economics and Brookings Institution. Divided We Stand: Why Inequality Keeps Rising. Globalization as a new phase has been exaggerated because most economic and social activity is regional, rather than . President Trump canceled TPP and threatened withdrawing from NAFTA, the Korea-US Free Trade Agreement (KORUS) (later revised and signed), and the WTO. Accessed on October 4, 2018. Today, foods in Korea and many parts of China are often spicy. from expanded trade are at least 10 times greater than what is needed to meaningfully assist workers who lose Trade and Investment Policy Watch (May 17). An agent for a residential real estate company in a suburb located outside of Washington, DC, has the business objective of developing more accurate estimates of the monthly rental cost for apartments. 2018. Omissions? Washington: Peterson Institute for International Economics. Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. Each multiple choice question has five possible answers. C) has equality between males and females D) The spread of Wal-Mart from Arkansas to the rest of the United States. A culture keeps its own cultural ideas from other cultures. The United States had an overall trade deficit of $447 billion in 2017, according to the US International Trade Commission, as a result of Americans spending more than they earn and financing the difference with foreign credit. Study with Quizlet and memorize flashcards containing terms like Which statement about globalization is true? PIIE Policy Brief 16-20. A leading explanation for rising US inequality [pdf] is that technology is reducing demand for certain low- and middle-wage workers and increasing demand for high-skilled, higher-paid workers. Fairbank Professor of Chinese Society and Professor of Anthropology, Harvard University. E. Globalization increases global inequality. By sharpening such identities, these NGOs have globalized the movement to preserve indigenous world cultures. US-China Trade War Tariffs: An Up-to-Date Chart. Chicago: University of Chicago Press. Please refer to the appropriate style manual or other sources if you have any questions. If no button appears, you cannot download or save the media. The corporation can pay lower wages, because thestandard of livingin less developed countries is much lower. The global market still has great potential for the US economy. PIIE Policy Brief 18-12. Many people say globalization will help people communicate. Microsite. PIIE Charts (March 16). Reuters/Daniel Acker, Russell Boyce, Marcos Brindicci, Larry Chan, Kevork Djansezian, Regis Duvignau, Gary Hershorn, Leah Millis, Charles Platiau, John Sommers II, and Piroschka van de Wouw A single attribute of culture is called a, The theory that the physical environment causes social and cultural development is. Washington: Peterson Institute for International Economics. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. Rodrik, Dani. Washington: Peterson Institute for International Economics. Kletzer, Lori G., and Robert E. Litan. The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. A consensus of scholarly work holds that globalization has contributed marginally to rising US wage inequality, putting this factor at 10 to 20 percent. Chart data collected by Christopher G. Collins and Soyoung Han 2016. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar. E) traditions. If possible, have students watch the National Geographic film Illicit: The Dark Trade. Washington: Peterson Institute for International Economics.Bown, Chad P., and Jennifer A. Hillman. Published online at OurWorldInData.org (accessed on October 24, 2022). If you have questions about licensing content on this page, please contact ngimagecollection@natgeo.com for more information and to obtain a license. They also pay better, do more research and development, export more, and invest more than the average US firm. A) cultural environment.