C) New York and Los Angeles. Privacy Notice| B) an area of great cultural diversity. Foreign direct investment (FDI) involves establishing ownership or controlling interest of a business in another country. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.Globalization in HistoryGlobalization has a long history, for example, Ancient Greek culture was spread across much of southwestern Asia, northern Africa, and southern Europe. C) Many younger people like to be near cultural amenities in the city. How to Fix Economic Inequality? the cultural landscape, this is known as The United States had an overall trade deficit of $447 billion in 2017, according to the US International Trade Commission, as a result of Americans spending more than they earn and financing the difference with foreign credit. For more, watch the video, Is the US Trade Deficit a Problem?. In 2009, representatives from 170 countries gathered at a conference in Copenhagen, Denmark, to discuss climate change. Efforts to confront problems such as globalclimate changemust involve many different countries. is an aspect of cultural globalization and refers to the reduction in cultural diversity . Ask them to brainstorm what some pros and cons may be, and write them on the board. A) marriage tax. E) none of the above, AP Human Geography Chapter 4 Multiple Choice, Information Technology Project Management: Providing Measurable Organizational Value, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, The Cultural Landscape: An Introduction to Human Geography, AP Edition. Ivory Tower Economists, Free Trade, and Workplace Woes. Gallup (April 1). A pop quiz consists of three truefalse questions and three multiple choice questions. This meeting was protested by thousands of people opposed to globalization. B) influence of a culture decreases the further one travels from the core. B) Pueblo communities in New Mexico Free trade and the rule of law were mainstays of the system, helping to prevent most economic disputes from escalating into larger conflicts. 2. A) folk culture populations are usually small. A leading explanation for rising US inequality [pdf] is that technology is reducing demand for certain low- and middle-wage workers and increasing demand for high-skilled, higher-paid workers. E) traditions. a. According to the Core-Domain-Sphere model Updates? 2018. Through globalization, people may become aware of incidents very quickly. Speech given at the Brookings Institution, April 8. E) All of the above. E) all of the above. Some GOP congressional members spoke out against Trump on certain trade issues (see example) or drafted bills to limit his authority on tariffs. A countrys trade balance, either a surplus or deficit, is not affected by tariffs or trade agreements but by larger economic factors, like government spending and monetary policy. As with major technological advances, globalization benefits society as a whole, while harming certain groups. 2017. A farmer in Nigeria can easily talk to his cousin who moved to New York, New York. C) Folk cultures seek to create a uniform landscape. Hendrix, Cullen S. 2016. Washington: Peterson Institute for International Economics. Popular culture is rapidly diffused around the world by Concerns were show over the perceived impact of beliefs, values, and social practices coming from foreign cultural products. Folk culture is often seen in which of the following traits? C) The Bible Belt. The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf]. For information on user permissions, please read our Terms of Service. All of the following are examples of a functional or nodal region except National Geographic Headquarters Trade and Investment Policy Watch (December 2). DECLINE IN INEQUALITY GLOBALLY, BUT WIDER WITHIN UNITED STATES Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). By sharpening such identities, these NGOs have globalized the movement to preserve indigenous world cultures. The government may enact taxes on imports (called tariffs), limits on the quantity of imports (called quotas), subsidies to domestic industries, or other regulations. Reuters/Daniel Acker, Russell Boyce, Marcos Brindicci, Larry Chan, Kevork Djansezian, Regis Duvignau, Gary Hershorn, Leah Millis, Charles Platiau, John Sommers II, and Piroschka van de Wouw E) all of the above. To prevent further escalation, China committed to a phase one deal to expand purchases from the United States in 2020 and 2021, but it is unlikely China will meet its targets, and the deal does not address many concerns, including Chinas industrial subsidies. 1. Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. Bown, Chad P. 2021. Washington, DC 20036, Careers| Written by Melina Kolb Not enough has been done to help those who have lost out from trade competition. B. Which of the following areas is not considered a cultural realm? Bown, Chad P., and Melina Kolb. D) South Florida. Ensure that every country provides its citizens fair political representation. The globalization of Christianity spread from Europe toLatin Americathrough Christian missionaries working with the local populations.Globalization wasaccelerated in the nineteenth century with theIndustrial Revolution, as mechanicalmills and factories became more common. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. Which of the following statements best describes the primary effect of globalization? (Total US foreign assets in Tariffs remain elevated under President Joseph R. Biden Jr., as of mid-2021. If a student blindly guesses the answer to every question, what is the probability that the student will correctly answer all six questions? . Have students decide what they think about globalization. C. Globalization improves cultural awareness by enabling the exchange of ideas and information. 2017. C) Hierarchical diffusion. This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. A) favors females over males 2. Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. Instead of sacrificing trade gains, many economists recommend domestic policies like wage insurance, expanded The percent of US jobs in manufacturing has steadily declined since the 1940s, before the rise of China, NAFTA, The process of immigrating to the United States can be complicated and is often driven by a few key principles including uniting families, boosting the economy with skilled professionals, promoting diversity, and helping refugees. 2005. C) the belief that ones own religion is superior to others. A) the rapid and widespread diffusion of a characteristic throughout the population. Any interactives on this page can only be played while you are visiting our website. Propelled by the efficiency or appeal of wireless communications, electronic commerce, popular culture, and international travel, globalization has been seen as a trend toward homogeneity that will eventually make human experience everywhere essentially the same. Washington: Peterson Institute for International Economics. Globalization has helped narrow inequality between the poorest and richest people in the world, with the number living in extreme poverty cut by half since 1990. The Truth about Trade Agreementsand Why We Need Them, US-China Trade War Tariffs: An Up-to-Date Chart, US-China phase one tracker: Chinas purchases of US goods, China bought none of the extra $200 billion of US exports in Trump's trade deal, Trumps Trade War Timeline: An Up-to-Date Guide, Preserving Manufacturing Jobs One Company at a Time, For most U.S. workers, real wages have barely budged in decades, Public Comment on Trump Administration Report on Significant Trade Deficits, Trade, Innovation, and Economic Growth [pdf], The real reason youre not getting a pay raise, Global inequality and international trade, US Trade Agenda Requires Greater Focus on Social Concerns, Ivory Tower Economists, Free Trade, and Workplace Woes, Buy American Is Bad for Taxpayers and Worse for Exports, Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule, It's Fun to Discuss the USMCAthe New NAFTA, US Government Is Worst at Reducing Inequality of All High-Income OECD Countries, The Brexit agreement: An economic guide for the perplexed, Has Global Trade Fueled US Wage Inequality? Globalization increases global wealth and improves economic development. American soap operas are popular in Israel.India, for instance, has a thriving film industry, nicknamed Bollywood. Bollywood movies are popular both in India and with the huge population of Indians living abroad. Globalization as a new phase has been exaggerated because most economic and social activity is regional, rather than . Chapter 7 of US-China Economic Relations: From Conflict to Solutions. Many big Chinese companies have close ties with the government, and certain practices have skewed the playing field in trade. They also say that outsourcing has causedwealthycountries to lose too many jobs. D) forces women to bear children. A geographic assemblage of related culture regions is Trade and Investment Policy Watch (May 8). Three Ways to Reduce a Trade Deficit. 2016 were $26 trillion, equal to 140 percent of US GDP. C) war and occupation. RealTime Economics (March 14). B) migrants. 2020. Trump Tariffs Primarily Hit Multinational Supply Chains, Harm US Technology Competitiveness. PIIE Charts (August 16). B) trans-national corporations. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. 2017. 2018. Today,80 percent of world tradeis driven by supply chains run by multinational corporations. E) Borderland region. B. North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. A) Race. B) Step migration. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. A) urban areas. Globalization is the movement and integration of goods and people among different countries. The Rights Holder for media is the person or group credited. This chart shows how yearly US transactions grew over time as the global economy and financial system became increasingly Others point out that people tend to adopt some aspects of other cultures without giving up their own. Published online at OurWorldInData.org (accessed on November 7, 2018). E) sub-Saharan Africa. 1145 17th Street NW With anyone in the world now a text, click, call, or plane flight away, 95 percent of potential customers for goods and services are outside the United States, ready to buy goods and services from other countries if US producers are barred from their markets. E) All of the above. People may choose to immigrate for a variety of reasons, such as employment opportunities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family. 3. Peterson Institute for International Economics. schools which have a reputation for being bad. B) the spread of an underlying principle or idea. In fact, there are cities named for Alexander in Iraq (Iskandariya), Egypt (Alexandria), and Turkey (Alexandria Troas).TheSilk Road, atrade routebetween China and the Mediterranean, promoted the exchange of ideas and knowledge, along with trade goods and foods such as silk, spices, porcelain, and other treasures from the East.When Europeans beganestablishing colonies overseas, globalization grew. McDonalds in Japan features a green-tea flavored milkshake. D) Labor Day. Globalization refers to the shrinking of the world political,economic and social structures into one village. Scholars in many disciplines challenged this notion of cultural . A) The spread of Spanish language to Latin America. But it still has not completely transformed into a market-oriented economy as its trading partners expected. All the Above : Threats to Folk Culture By Katie Hurst and Eva Winsheimer Loss of Traditional Values Media is a Threat to Traditional Values Pop Culture is the type of culture is in large heterogeneous societies that share certain habits despite diff. A) a cultural environment. D) Traditional dress. Mathieu, Edouard, Hannah Ritchie, Lucas Rods-Guirao, Cameron Appel, Charlie Giattino, Joe Hasell, Bobbie Macdonald, Saloni Dattani, Diana Beltekian, Esteban Ortiz-Ospina and Max Roser. 2018. United States spends only a fifth of what other advanced economies spend on average to help people find new jobs A) the rapid and widespread diffusion of a characteristic throughout the population. Named after the Swiss town that began hosting annual meetings of the World Economic Forum in 1971, these Davos insiders share common beliefs about individualism, democracy, and market economics. Globalization supports new job opportunities but also contributes to job displacement. Please refer to the appropriate style manual or other sources if you have any questions. D) globalization. But within many countries, including the United States, inequality is rising. If time allows, have groups swap positions after the debate. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. Which of the following concepts best describes particular forms of cultural domination, including media, educational, academic, intellectual, scientific, and linguistic, with othering as its core concept? Revenga, Ana, and Anabel Gonzlez. The idea was to create a better world with countries seeking to cooperate with one another to promote prosperity and peace. Edited by Madona Devasahayam, Helen Hillebrand, and Steven R. Weisman Here are some of the crucial areas that economists have proposed the United States should focus on, as outlined in many studies at the Peterson Institute and other policy organizations. Globalization is the connection of different parts of the world. But not until the 19th century did global integration take off. In this way, globalization influences trade, taste, and culture.Popular CulturePopular culture has also become more globalized. New York: Macmillan. Wandner, Stephen A. D) Los Angeles and Detroit. Which statement BEST summarizes the point made by that example? Certain manufacturing and industry workers in specific geographic regions lost out, such as those in furniture, apparel, steel, auto parts, and electrical equipment industries in Tennessee, Michigan, and the mid-Atlantic states. Washington: Peterson Institute for International Economics. Bradford, Scott C., Paul L. E. Grieco, and Gary Clyde Hufbauer. The world is becoming more globalized and connected. A. Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. BETTER QUALITY AND VARIETY Under free trade agreements, countries agree to remove trade barriers. C) cultural succession. Migrant workers from the Philippines, for instance, may travel to Europe, Australia, or North America to find better-paying jobs.People do not travel just for work, of course. Explain to students that globalization, in its simplest form, means a more connected world. The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. D) the area know as the "South". This lists the logos of programs or partners of, Yale University: Yale Center for the Study of Globalization, Standard 3: Allocation of Goods and Services, choose and support one side of the debate, Tech Setup: 1 computer per learner, Speakers. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. E) All of the above. Although globalization has affected us economically and politically, it has also affected us socially on a wider scale. Such policies could reduce worker anxiety about job turnover across the board, whether it be from c. Doing business beyond borders is still extremely rare. A) The Rocky Mountain Region. Another common concern was the impact of globalization on culture and identity. A) Tex-Mex cuisine. Geography, Human Geography, Social Studies, Economics, This lists the logos of programs or partners of NG Education which have provided or contributed the content on this page. Globalization has very little impact on culture. A) Southwest USA-Northern Mexico. Interview given at the Peterson Institute for International Economics, May 25. But trade negotiations can only go so far. Trade Balances and the NAFTA Renegotiation. There are 8 types of Globalization: Social globalization Technological globalization Financial globalization Economic globalization Political globalization Cultural globalization Ecological globalization Sociological globalization Through these 8 aspects, we can see how our world is becoming more integrated on many different levels.
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