Vocabulary & Organizations
This is the name for the system of interaction among the countries of the world in order to develop the global economy.
Globalization
These were the two major superpower countries involved in the Cold War conflict.
United States and USSR
This is a mobile phone that performs many functions of a computer, allowing people access to the internet on the go; examples include the iPhone and Samsung Galaxy.
Smartphone
This is an economic system based on private ownership and the free market system.
Capitalism
This environmental effect where the worldwide temperature increases over time is one of the major problems associated with globalization.
Global warming
This organization now consists of 27 countries that have committed to regional integration, by opening borders to the free flow of goods, services, people, and capital.
European Union
This was the name of the conflict in 1962 between the United States and USSR over the presence of missile sites in Cuba.
Cuban Missile Crisis
These are websites and applications that allow users to create and share content or communicate easily with others; examples include Facebook, Twitter, and TikTok.
Social media
This US president was involved in the Bay of Pigs invasion and the Cuban Missile Crisis, and was assassinated in 1963.
President John F. Kennedy
Globalization allows companies and businesses to _______ with one another for both resources and consumers.
Compete
Process of hiring a third party, usually a supplier, to perform services that are currently being performed by an organization's employees.
Outsourcing
This war in Indochina was the second major military conflict between the United States and the Communists.
This has allowed for messages to be distributed via the internet from one computer to another; examples include G-Mail, AOL, and Yahoo.
This is the term for the competition between the US and USSR to manufacture the most nuclear weapons.
Arms race
In addition to goods and products, name 1 of 4 OTHER things that are exchanged through globalization.
Cultural exchanges, services, languages, knowledge
The amount of goods and services a person in a community or area is able to afford.
Standard of living
This US president increased the US presence in Vietnam in order to stop the spread of communism in Southeast Asia following the Gulf of Tonkin Resolution.
President Lyndon B. Johnson
This is an acronym for the worldwide navigational service that allows us easy access to maps and directions; it works by using signals from satellites in space.
GPS
This is the term used to describe the border between the communist and democratic countries of Europe, coined by Prime Minister Winston Churchill.
Iron Curtain
In general, globalization ______ the cost of making products, allowing companies to offer goods at a lower price to consumers.
Decreases
This is a trade agreement between the United States, Canada, and Mexico that allows the free trade and outsourcing of services between countries in North America.
This is the name of the organization of 30 countries formed in 1949 that creates an alliance of defense between countries, guaranteeing freedom and security of its members through political and military means.
North Atlantic Treaty Organization (NATO)
This service became available in 1996 and has allowed people access to a global computer network providing increased information and communication.
Internet
The name of the US spy plane that was shot down over the Soviet Union in 1960.
U2 Plane
Globalization has a negative effect in _______ countries, where working conditions are difficult and at times unsafe, people are paid very low wages for work, and there is a less educated workforce.
Developing