Economic
This global financial institution, often called the ‘IMF,’ lends money to countries facing economic trouble.
The International Monetary Fund
This American fast-food chain, found in over 100 countries, is often used as a symbol of cultural globalization.
McDonald’s
This international organization, founded after World War II, brings together nearly every country in the world to maintain peace.
The United Nations (UN)
This global network of computers, developed in the late 20th century, is one of the biggest drivers of globalization.
The internet
This 2015 international agreement brought nearly every country together with a goal to limit global temperature rise.
The Paris Agreement (Paris Climate Accord)
When a country sells more goods to other countries than it buys from them, it has this type of ‘surplus’ in trade.
A trade surplus
The worldwide spread of movies, music, and TV shows from one dominant country is often called this type of ‘imperialism.
Cultural imperialism
When a country reduces its control over trade, allowing foreign goods and companies to enter more freely, it is said to be doing this.
Trade liberalization (or opening up its economy)
This term describes the gap between people who have access to modern technology and those who do not.
The Digital Divide
The shipping of goods across the globe contributes significantly to this type of pollution that causes climate change.
Carbon emissions (or greenhouse gas emissions)
This economic agreement, signed in 1994 by the US, Canada, and Mexico, removed many trade barriers between the three countries.
NAFTA (North American Free Trade Agreement) / now USMCA
This term describes the blending of different cultural influences to create something entirely new.
Cultural hybridization (or creolization)
This group of the world’s largest economies meets annually to discuss global economic policy and cooperation.
The G20
These undersea cables carry the majority of the world’s internet traffic, physically connecting continents.
Submarine (or undersea) fiber-optic cables
When wealthy countries ship their trash or toxic materials to poorer countries, it is sometimes called this.
Waste colonialism (or toxic waste dumping)
These large companies operate in multiple countries and can move jobs and production to wherever costs are lowest.
Multinational (or transnational) corporations
When a minority culture’s practices are adopted by a more dominant culture, often without proper credit, it is called this.
cultural appropriation
Globalization has led some people to argue that individual nations are losing this their ability to make independent decisions.
National sovereignty
This technology lets companies hold meetings and collaborate with colleagues across the globe in real time without travel.
A Video Confrencing
Globalization has helped spread this agricultural practice, where single crops are grown at massive scale, reducing biodiversity.
Monoculture (or industrial monoculture farming)
This economic concept describes how globalization can widen the income gap between the wealthy and the poor within a country.
Income inequality (or economic inequality)
This United Nations body works to protect and promote cultural diversity and world heritage sites around the globe.
UNESCO (United Nations Educational, Scientific and Cultural Organization)
This political movement, which has grown partly as a reaction to globalization, prioritizes national interests over international cooperation.
Nationalism or economic nationalism / populist nationalism
This emerging technology, which creates a secure and transparent record of transactions, is being explored to improve global supply chain tracking.
Blockchain technology
This concept argues that wealthy nations that industrialized first have a greater responsibility to reduce emissions than developing nations.
Common but differentiated responsibilities (CBDR)