Global Inequalities
What percentage of global income did the richest 20% of the world's population control in 1960?
What is 70%.
Which hemisphere do the wealthiest 20% of the world's population primary reside in?
What is the Northern hemisphere.
Give one example of how LLDCs can benefit from globalization.
What is international aid, trade, and support.
What is the term for the way different countries and cultures are connected?
What is interconnectedness.
Define globalization in your own words.
What is the sharing and connectedness of cultural, political, economic, and social information with people all over the world.
Describe the pattern that geographers observe in global income distribution.
What is the North-South gap.
What is the "North-South gap" referring to in terms of wealth distribution?
What is rich countries in the Northern hemisphere with poorer countries in the Southern hemisphere.
Name 2 countries considered LDCs and their favoured resources.
What is India and labour, Brazil and raw materials, Kenya and agricultural goods, Philippines and labour, or Ethiopia and labour.
What does interdependence mean in the context of globalization?
What is a mutually dependent relationship based on the needs of countries.
What role does technology play in globalization?
What is the global village - providing access to resources and information and bringing it to you.
Discuss one way globalization can exacerbate inequality within countries.
What is exploitation of resources and labour.
What 2 nations are in the Southern hemisphere but are considered to be part of the richest countries in the Northern hemisphere?
What is Australia and New Zealand.
How are "Third World" countries typically characterized in terms of economic development in contemporary society?
What is an LLDC (Least Developed Countries).
What is a relationship between MDC and LDC or LLDC.
Describe one positive and one negative impact of globalization on local economies.
What is opening the door for local businesses to make money through international connections but also possibly losing opportunities if product is cheaper elsewhere.
How does the editorial cartoon relate to the concept of global income distribution?
What is the rich getting richer, but small population holds it. They get the biggest rewards at the top while the growing population of poor-middle working class get much less.
How does the North-South gap impact international relations?
What is cooperation and aid for poorer countries but also contributing to power dynamic that doesn't actually help developing countries out of their struggles.
Why is the classification of countries important in the study of globalization?
What is the study in patterns regarding wealth distribution globally.
Give an example of a global issues that requires interconnectedness to solve.
What is a global issue presently happening in the world today.
How do free trade agreements facilitate globalization?
What is an alternative to paying back an MDC if and LDC or LLDC does not have the finances to support relationship.
What does the term "global economic inequality" refer to in the context of globalization?
What is inequality amongst the international community due to access of cheap resources and labour.
Why is the North often more developed than the South?
What is economic and political stability.
How do MDCs typically benefit from globalization compared to LDCs?
What is cheap labour and resources while making a profit.
Analyze the risks associated with economic interdependence.
What is the risk of economic depressions or political instability that can threaten a relationship.
What is the primary effect of globalization on living standards worldwide?
What is higher quality living standards.