Economic Globalization
This happens when lower trade barriers allow products to move more easily between countries.
What is economic globalization?
This term describes combining multiple technologies into one device.
What is technological convergence?
This organization was founded in 1995 to promote international trade.
What is the World Trade Organization (WTO)?
These are basic rights and freedoms people believe everyone should have.
What are human rights?
This means people are more aware of global issues due to media and the Internet.
What is global awareness?
These corporations operate in more than one country and spread products worldwide.
What are transnational corporations?
Shipping goods in standard-sized containers is known as this.
What is containerization?
This WTO decision-making method requires all member countries to agree.
What is consensus?
This view believes all people everywhere should have the same rights.
What is the universal view of human rights?
The gap between global problems and available solutions is called this.
What is the ingenuity gap?
Countries raised tariffs during this economic crisis, which made global trade worse.
What is the Great Depression?
These major ports act as hubs where containers are transferred and resent globally
What are transshipment terminals (e.g., Hong Kong, Singapore)?
One benefit of consensus decision-making is that it prevents this.
What is smaller countries being overpowered by larger ones?
This view argues that rights depend on cultural traditions and values.
What is cultural relativism?
This gap exists when some groups lack access to modern communication tools.
What is the communication gap?
This economic system relies on private businesses competing to set prices and production.
What is a market economy?
Buying and selling goods online is called this.
What is e-commerce?
This European organization allows free movement of goods, money, services, and people.
What is the European Union (EU)?
This 1948 document was created after WWII to prevent future atrocities.
What is the Universal Declaration of Human Rights?
This economic issue includes wage gaps, unpaid work, and underrepresentation in leadership.
What are gender and employment issues?
Name ONE long-term effect World War I had on global or Canadian economies
What is national debt / unemployment / reduced trade / permanent income tax?
Explain ONE way modern communication technology has sped up globalization.
What is faster information sharing / global collaboration / instant communication?
Name ONE Canadian right protected under the Charter of Rights and Freedoms. Freedom of..
What is freedom of expression / equality rights / mobility rights / legal rights?
Explain ONE way global awareness can improve or harm quality of life.
What is ethical consumerism / misinformation / pressure to stay connected?