Globalization
This term describes countries becoming more connected and dependent on each other.
What is globalization?
Buying goods and services from other countries is an example of this type of globalization.
What is economic globalization?
Watching movies, listening to music, or eating food from other countries is an example of this.
What is social globalization?
Selling products worldwide and creating jobs are examples of this benefit of globalization.
What is economic growth?
This is a tax placed on imported goods.
What is a tariff?
Globalization connects countries through the economy, politics, environment, technology, and this aspect of life.
What is society (social connections)?
Large companies that operate in two or more countries are called these.
What are transnational corporations?
This term describes how satisfied someone is with their life, health, and education.
What is quality of life?
Access to new food, music, and traditions is known as this opportunity.
What is cultural exchange?
One reason governments use tariffs is to protect this.
What are local industries?
Someone who believes globalization brings growth and prosperity would be described as this.
What is an optimist
This term means the amount of material goods a person owns.
What is standard of living?
International agreements like NATO are examples of this type of globalization.
What is political globalization?
A growing wealth gap between rich and poor countries is this challenge.
What is inequality?
One downside of tariffs is that consumers experience this.
What are higher prices?
Someone who believes globalization causes environmental and cultural destruction is this type of thinker.
What is a pessimist?
Hiring another country or company to do work to save money is called this.
What is outsourcing?
This organization promises that if one member is attacked, all members respond.
What is NATO?
When local traditions and languages fade due to dominant cultures, this is happening.
What is loss of culture?
When countries place tariffs back and forth on each other, it is called this.
What is a trade war?
Education, access to technology, and stable governments affect this.
What is economic development?
Countries still improving industry and economic stability are called this.
What are developing nations?
A shared language used so people from different countries can communicate is called this.
What is a lingua franca?
Low wages and unsafe conditions for workers is an example of this globalization challenge.
What is taking advantage of workers?
Tariffs go against this main idea of globalization.
What is free trade?