Basics
The increasing connection of countries through trade, communication, and culture is called this.
What is globalization?
The exchange of goods and services between countries.
What is trade?
This global network allows people to communicate instantly around the world.
What is the Internet?
The spread of music, movies, and fashion across national borders is an example of this type of globalization.
What is cultural globalization?
Globalization gives consumers access to a greater ______ of products.
What is variety?
Globalization has been accelerated by improvements in transportation and this technology.
What is communication technology (the Internet)?
Taxes placed on imported goods are called these.
What are tariffs?
Platforms like Instagram, TikTok, and X are examples of this.
What is social media?
People around the world can watch movies produced in this U.S.-based film industry.
What is Hollywood?
One benefit of globalization is increased economic ______.
What is growth?
When goods are bought and sold between countries, it is called this.
What is international trade?
A country's total value of goods and services produced is called this.
What is GDP (Gross Domestic Product)?
This technology allows people in different countries to talk face-to-face online.
What is video conferencing?
The worldwide popularity of foods like pizza, sushi, and tacos is an example of cultural what?
What is cultural exchange?
One criticism of globalization is that jobs may move to countries with lower labor what?
What are costs (wages)?
A business that operates in many countries is called this type of corporation.
What is a multinational corporation?
When companies move factories to countries with lower labor costs, it is called this.
What is outsourcing?
Improvements in transportation, such as airplanes and container ships, have made global trade more this.
What is efficient?
One concern about globalization is that local cultures may lose this.
What is cultural identity?
Increased global trade can sometimes contribute to this environmental problem.
What is pollution?
Globalization makes countries more economically this.
What is interconnected?
This organization works to promote free trade and resolve trade disputes between nations.
What is the World Trade Organization?
Video conferencing enables businesses to hold meetings without this expensive activity.
What is international travel?
The blending of cultural traditions from different countries is sometimes called this.
What is cultural diffusion?
Events like pandemics can spread more quickly because countries are highly this.
What is interconnected?