Globalization Basics
What is the name of the process that connects countries through trade, travel, and ideas?
Globalization
What does globalization help grow in a country’s economy?
Money / Growth
What happens when companies move jobs to cheaper countries?
People lose jobs
What two things have made globalization happen faster?
Travel and communication
What happens to living standards when people get more goods at better prices?
They improve
What problem happens when rich people get richer and poor people stay poor?
Income inequality
What happens to cultures when countries connect more?
They become more similar
What do people learn from each other when cultures mix?
New ideas and understanding
What is it called when local cultures start to disappear?
Cultural loss
What is it called when the same products and ideas spread everywhere?
Cultural homogenization
How do countries help each other with global problems?
By working together
What kind of damage can factories and pollution cause?
Environmental harm
What happens when one country gains money and another loses jobs from globalization?
Unequal effects
What spreads quickly and helps with inventions?
Technology
What happens when a problem in one country hurts others too?
Global crisis / Economic shock