Economic Globalization Basic
This is the process by which goods, services, and money move freely across national borders, creating a connected global economy.
What is Economic Globalization?
Globalization has helped reduce this in countries like India and China by creating more jobs and economic growth.
What is poverty?
Globalization has led to the rise of this type of area, characterized by overcrowding, poor housing, and lack of sanitation in cities of developing nations.
What are slums?
The organization created in 1944 at the Bretton Woods Conference to support reconstruction after WWII and provide development loans.
What is the World Bank?
These two countries are the largest emitters of carbon dioxide, contributing significantly to climate change through industrial activities and energy production.
What is China & the US?
The organization established after World War II to promote international trade by reducing tariffs and other barriers.
What is the World Trade Organization (WTO)?
This global organization provides aid and medical care to countries in crisis, highlighting how globalization can enable humanitarian assistance.
What is Doctors Without Borders?
This environmental issue is exacerbated by globalization, as increased trade and production result in higher greenhouse gas emissions.
What is Climate Change?
This group of 20 major economies meets annually to discuss policies on international financial stability.
What is the G20?
This global sportswear company’s slogan, "Just Do It," represents globalization by sourcing materials and labor from multiple countries.
What is Nike?
A country with a low level of industrialization and a high dependence on agriculture or natural resource exports.
What is a developing country?
Or
What is the Global South?
This global certification ensures that products like coffee, chocolate, and tea are made sustainably and support better wages and working conditions for farmers.
What is Fair Trade?
Some critics argue that globalization increases the gap between these two economic groups within societies.
What is the rich and the poor?
This international financial institution provides loans to developing countries to reduce poverty but has been criticized for imposing harsh economic conditions.
This Scandinavian country consistently ranks as one of the most sustainable in the world, thanks to its focus on renewable energy and environmental policies.
What is Sweden?
This term refers to a company that operates in multiple countries and often contributes to globalization.
What is a Multinational Company?
Or
What is a Transnational Company
Globalization has allowed for increased cooperation between nations on issues like climate change. This international agreement aimed to reduce global CO₂ emissions.
What is the Paris agreement?
This 2013 disaster in Bangladesh highlighted unsafe working conditions in the global garment industry.
What is the Rana Plaza collapse?
The United Nations adopted these goals in 2015 to address global challenges such as poverty, inequality, and climate change.
What are the Sustainable Development Goals (SDGs)?
By flying all over the world for her tours, Taylor Swift not only produces hit songs but also contributes to carbon emissions through air travel. This among with the transportation of her crew and stage equipment causes her to have one of the largest carbon ______ of any individual.
What is a Carbon Footprint?
An agreement between Canada, the United States, and Mexico that updated the North American Free Trade Agreement (NAFTA) in 2020.
What is the USMCA (United States-Mexico-Canada Agreement)?
The global economy has made it easier for developing nations to receive investments from wealthy nations. What is examples of organizations that provides funding? Name one that uses government funding and one that does not.
What is:
The IMF
The World Bank
NGO's
Philanthropy
Globalization often prioritizes economic growth over environmental sustainability, leading to the destruction of ecosystems such as this one in Brazil.
What is the destruction of the Amazon Rainforest?
The Paris Climate agreement set a goal to reduce global temperature rise by this amount.
What is 1.5 degrees Celsius?
This economic model promotes reusing resources and minimizing waste, shifting away from the traditional “take-make-dispose” approach.
What is the circular economy?