Trade
What is international trade?
The buying and selling of goods and services between companies in different countries.
What tool lets people communicate instantly across the world?
The internet
What are two aspects of migration that can affect the political and economical factors of globalization
Ideas and Knowledge spread from immigrants
What does cultural globalization happen through?
Everyday life experiences
What is a tariff?
A tax placed on important goods
Name one item traded in the international marketplace.
Consumer goods, raw materials, food, or machinery.
How does social media help globalization?
It spreads ideas, news, and culture quickly.
Why is migration important for the world economy
it brings knowledge and ideas to new places
What mainly influences cultural globalization?
Trade and newer ideas
Why do governments use tarriffs?
to protect local businesses and jobs from foreign competition
What does international trade help countries expand?
Their markets.
What is one way businesses use technology globally?
Online shopping, digital payments, or global supply chains.
Why would migration be a potential threat to wealthy industrial countries?
because it can change the economic wealth of the region and/or bring new challenging innovations
What does cultural globalization spread globally?
Uniformity of cultural expressions
What is one negative effect tariffs can have on consumers
Tariffs can make products more expensive
What can countries access through international trade?
Products they may not have at home.
What does “digital divide” mean?
The gap between people who have access to technology and people who do not.
Why do negative attitudes towards immigrants matter?
Because it affects how welcoming the countries appear to the immigrants, which can negatively affect the amount of money that goes into the country
Name one thing that drives cultural globalization.
Electronic commerce, wireless communication, well known culture, or international travel
How can tariffs affect globalization between countries?
They can reduce trade and create trade conflicts between countries
How can international trade lead to cheaper products?
It creates more competition, which can lower prices.
Why is technology one of the biggest drivers of globalization?
Because it makes communication, trade, business, and cultural exchange faster across countries.
What can globalization eventually make human experience become?
Essentially the same everywhere
A country places high tariffs on imported steel. What are two possible effects on the economy?
Local steel companies may benefit, but prices for products using steel may increase.