Definitions
international exchange and the interconnectedness of the world through goods, services, trade, and culture.
Globalization
promote peace and break stereotypes.
This country employs as many as four million people, but the average worker earns less in a month than a U.S. worker earns in a day.
Bangladesh
JOKER
Take an extra turn or deduct 100 points from opposing team.
This term refers to the overall quality of life and economic well-being of people in a country, often measured by factors like income, education, and healthcare.
Standard of living
When traditional customs, beliefs, and practices are replaced or overshadowed by foreign influences, this occurs.
Cultural Homogenization
The widespread transfer of plants, animals, foods, cultures, and ideas became known as
The Columbian Exchange
Consumers benefit from low prices because of the decrease in ____?
Cost of manufacturing
JOKER
Congratulations, your team just won 300 points!
Artisans and craftsmen can reach global markets, and sell their products directly to consumers worldwide because of ___?
E-commerce platforms
Many information technology services and call centers have been outsourced to this South Asian country, making it a major player in globalization.
India
Despite globalization's benefits, this continent has not experienced as much economic growth due to political and economic instability.
Africa
The practice of moving jobs to another country for cheaper labor is called ____?
Outsourcing
JOKER
Sorry, your team just lost -400 points!
This major event in the late 20th century helped accelerate globalization by making trade -specifically automobile companies- easier between the U.S. and Mexico.
North American Free Trade Agreement (NAFTA)
Many companies move their factories to developing countries because of these two financial benefits.
Lower wages and cheaper raw materials
This term describes how powerful countries or corporations take advantage of weaker economies and/or workers for cheap labor and resources.
Exploitation
Indigenous communities around the world have been at the forefront of cultural revival efforts by ___?
promoting traditional knowledge, storytelling, art, and language programs.
Explain the Triangular Trade Network.
A trade system that used ships to
-carry manufactured goods from Europe --> Africa
-enslaved Africans from Africa --> Americas
-and raw materials from the Americas --> Europe
Less educated members of a society and unskilled workers affected by declining wages can lead to ___?
Income disparity