C) an area where one cultural boundary abruptly ends and another begins. Trade and Investment Policy Watch (September 5). Corrections? 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. Another global subgroup comprises cosmopolitans who nurture an intellectual appreciation for local cultures. This chart shows how yearly US transactions grew over time as the global economy and financial system became increasingly This is the process by which a less dominant culture adopts some of the traits of a Studies have shown that bats can consume an average of ten mosquitoes per minute (berkshiremuseum.org). C. Globalization improves cultural awareness by enabling the exchange of ideas and information. Since the overall payoff is so much greater than the costs to individual workers or groups who have lost out, nearly all economists support having an open global market versus closing it off (see example). Multiple-choice. What process contributes to the existence and growth of ethnic enclaves in urban B) Folk cultures believe that nature exists to enrich them. A culture learns or adopts a new idea or practice from another culture or cultures. B) The spread of laptop computers from the upper class to the middle class. A) urban areas. 2017. D) an area around the boundary between two culture regions that exhibits traits Which statement best defines the term globalization? - BRAINLY E) all of the above. D) The spread of Wal-Mart from Arkansas to the rest of the United States. A. Cultural globalization is the spread of the culture, customs, or ideas of a place or a people to the rest of the world. Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). 2018. Associated Press/Abe Fox Videos by Daniel Housch E) cultural progression. 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. 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? integrated but dropped dramatically during the global financial crisis of 200809. Engaging in a trade war, with escalating tit-for-tat tariffs, Violating WTO rules or circumventing established processes, Imposing tariffs to save US manufacturing jobs at specific companies, Restricting imports from specific countries to try to reduce bilateral trade deficits, The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers, The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf], Number of U.S. workers employed by foreign-owned companies is on the rise. A) the fear of outsiders. More job training and education is needed to prepare workers for these jobs. New York: Macmillan. American Public Opinion on Foreign Trade. D) Ethnicities are based on physical characteristics, race is based on culture. 5. Trade liberalization is the opposite of protectionismwhen countries allow people and businesses to buy and sell across borders with fewer restrictions. The series was written ahead of the 2019 Annual Meeting of the World Economic Forum in Davos, which focuses on "Globalization 4.0". 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? E) the belief that ones own culture is superior to all others. 30 seconds. And Beijing routinely subsidizes its industries. They also sold their goods in other countries.Britainscolonyin India, for instance, suppliedcottonto Britishmerchants and traders.Madras, a light cotton cloth, was made in the city of Madras (now called Chennai), a majorportin India. C) Western Europe. Trade in intermediate goods is now nearly twice as large as trade in final goods and is especially important in advanced manufacturing, like autos. B) cultural homeland. D) the belief that one's own ethnic group is superior to others. B) the South and northern US Cities. Globalization is important because it help create employment and more production of goods a result . Separate from trade in goods and services, global financial integration is a much-debated but important topic. 2. A) relocation diffusion. Disputes continue on the trade of certain goodswhether items are flooding other markets too much, how industries are being subsidized, lingering protections on specific goods or economic sectors, etc. E) Tanzania. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar. E) Navajo hogans. connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. Solved Which statement best describes trends in | Chegg.com By late 2019, tariffs had increased to around 20 percent and new duties covered over half of exports from each country. The Truth about Trade Agreementsand Why We Need Them. 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 which countrys government? Globalization and the Benefits of Trade. Washington: World Bank. Promotes free trade. Ironically, modern technology is often used to preserve and spread traditional beliefs and customs.Opponents to globalization blame free trade for unfair working conditions. All Institute research is held to strict standards of replicability and academic integrity. Aid agencies can respond more quickly to a natural disaster. trade or other bigger factors. 1996 - 2023 National Geographic Society. Which of the following statements best describes the primary effect of globalization? Imagine if countries were like chefs, with different specialties. Please refer to the appropriate style manual or other sources if you have any questions. SCALED UP BUSINESSES And the reality is that the problems people face today go far beyond the effects of globalization. D) the spread of an idea or trait through the physical movement of people from one place 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. Washington: Peterson Institute for International Economics. 2019. Federal Reserve Bank of Chicago. Washington. These include FDI, securities (which are bought and sold), and debts. A single attribute of culture is called a, The theory that the physical environment causes social and cultural development is. 2017. D) the area know as the "South". Inequality is widening. Toward that goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. The Debate Over Globalization | National Geographic Society RealTime Economic Issues Watch (April 11). Have students use the provided websites to conduct their own research and to learn more about the issues in the debate over globalization. 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. Protectionism is the term for government restrictions on international trade aimed at blocking foreign products and driving companies and consumers to purchase domestically produced goods and services. Some people worry that Western culture will destroy local cultures around the world. You cannot download interactives. Exports are goods and services that are sold to individuals or companies outside of their country of origin. Which of the following concepts is part of the mindfulness dimension of intercultural communication competence? Globalization means the integration of the economy into the world's economy. In Canada, the greatest concentration of Asians lives in which city? Globalization increases global wealth and improves economic development. C) The spread of AIDS from Africa to Europe. Working Paper 17-12. World Trade Organization The correct answer is 2: The world is becoming more globalized and connected. Globalization (article) | 1990s America | Khan Academy . Sylvester Systems borrows $110,000 cash on May 15 by signing a 60-day. 2016. 8 Types of Globalization (Definition & Explanation For Students) Globalization is driven by international trade and aided by information technology. People all over the world have access to the same news 24 hours a day. 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. Trade Talks Episode 57 (October 5). Washington: Peterson Institute for International Economics.Bown, Chad P., and Jennifer A. Hillman. The globalization of Greek culture came with the conquerorAlexander the Great. D. Implement a program designed to increase economic development in impoverished countries. They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home. But a 2016 Bloomberg poll asked, Do you think US trade policy should have more restrictions on imported foreign goods to protect American jobs, or have fewer restrictions to enable American consumers to have the most choices and the lowest prices?" Many early European explorers were eager to bring theChristian religion to the regions they visited. 2017. Irwin, Douglas A. Chapter 4/5 questions Flashcards | Quizlet D) urban areas in California. B) South Africa. Preserving Manufacturing Jobs One Company at a Time. Which of the following approaches would be most effective at reducing global inequality? Privacy Notice| Economists look at the effects of globalization across the entire economy to weigh the pros vs. cons. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. Graphics by William Melancon One such cadre, according to political scientist Samuel Huntington in The Clash of Civilizations (1998), comprises an elite group of highly educated people who operate in the rarefied domains of international finance, media, and diplomacy. The process. This concept makes production more efficient, promotes economic growth, and lowers prices of goods and services, making them more affordable especially for lower-income households. 2005. B) Some ethnicities are comprised of people from several different races. D) Migrant diffusion. US Government Is Worst at Reducing Inequality of All High-Income OECD Countries. The corporation can pay lower wages, because thestandard of livingin less developed countries is much lower. d. Total manufacturing job separations from Job Openings and Labor Turnover Survey, Bureau of Labor Statistics. There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. Globalization is an inevitable development which cannot be resisted or significantly influenced by human intervention. 2. The patterns of cultural globalization is a way of spreading theories and ideas from one place to another. Technology reduces borders and barriers . Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. D) television and other media. For more, watch the video, Is the US Trade Deficit a Problem?. A payment of money or goods from the family of a bride to the grooms father is First, the previous waves of globalization have been quite successful in lifting a large number of people out of poverty and so we should appreciate that. Factories in the county of Lancashire, England, created madras cloth. Global Trade in Services: Fear, Facts, and Offshoring. Duringtimes of peace, it is beneficial in a global economy,to see othernationssucceed. Omissions? Bown, Chad P. 2022. National Aeronautics and Space Administration National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. B) folk cultures are spread hierarchically. Globalization has forced Gogol to reject Indian culture. A trade surplus is the opposite, when earnings from exports top spending on imports. Keynes, Soumaya, and Chad P. Bown. The best example of cultural integration (where all elements of society are interwoven, The idea that cultures will modify the natural landscape to fit their needs is known as. To ensure full site functionality, please use an alternative web browser or upgrade your version of Internet Explorer. For most U.S. workers, real wages have barely budged in decades. E) all of the above. Which of the following aspects is associated with empathy? B) grooms gift. B) folk cultures are spread hierarchically. D) skyscrapers. E) All of the above. 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. National Geographic Headquarters Has Global Trade Fueled US Wage Inequality? Here is a quick summary. East Asia Forum (October 3). You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. is an aspect of cultural globalization and refers to the reduction in cultural diversity . biological history? Most of these internationaltourists are from developed countries. A) The Rocky Mountain Region. 2013. devising communication strategies to accomplish communicative goals, constructing messages consistent with communicative strategies. Vox (August 11). E. Globalization increases global inequality. D) Many younger people who are childless arent concerned with the quality of public In fact, some Bollywood movies do much better in the United States or the United Kingdom than they do in India.Clothing styles have also become more uniform as a result of globalization. B) Anglo America. Washington: Peterson Institute for International Economics. C) Nationality. The concept of empathy is associated with many important aspects of in intercultural communication behabiour. INNOVATION Step 1) Answer: The statement that best describe the trends in globalization of markets is option d. Unable to increase markets domestically, most of the companies look in expanding their markets in other places of the world. Moran, Theodore H., and Lindsay Oldenski. Ensure that every country provides its citizens fair political representation. 2016, or 185 percent of GDP.). They get their spice from chili peppers. 1948. A) trans-national corporations. E) an area where two cultures merge into a single culture. You cannot download interactives. from both cultures. A) Italians in southern New England. A) interstate highways. E) uniform landscapes. Ethnocentrism is Students participate in a debate on the issue of human workers being replaced by robots and automation. C.Globalization has resulted in fewer connections among countries. Trade expert Gary Clyde Hufbauer points out that the national income gains dominant culture so completely that the two cultures become indistinguishable. 2016. Autor, David H., David Dorn, and Gordon H. Hanson. Washington: Peterson Institute for International Economics. The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. For more updates from the Peterson Institute, subscribe to the newsletter. C) Acadians in Louisiana. US-China Trade War Tariffs: An Up-to-Date Chart. OECD (Organization for Economic Cooperation and Development). 2020. Washington: Peterson Institute for International Economics. Experts are tested by Chegg as specialists in their subject area. E) All of the above. In seconds, people are able to respond tonatural disasters that happen thousands of miles away.Many people access information through improved and new technology, such as cell phones. Cimino-Isaacs, Cathleen. Trade and Investment Policy Watch (November 7). their jobs to import competition. Washington: Peterson Institute for International Economics. Trump Tariffs Primarily Hit Multinational Supply Chains, Harm US Technology Competitiveness. 2011. D) The Gulf Coast. C) Snowboarding. 2012. because consumers are spending a smaller percent of their incomes on manufactured goods and more on services, which include housing, health care, dining out, travel, and legal services. These practices discriminate against not only Americans but also US allies. D) religious beliefs are reflected in most aspects of culture. Washington: Peterson Institute for International Economics. E) any market area for a retail business. Which of the following is NOT considered a good strategy for developing intercultural communication? PIIE Policy Brief 16-20. Petri, Peter A., Michael G. Plummer, Shujiro Urata, and Fan Zhai. Consumers must be responsible to a triple bottom line of economic value, social progress, and environmental health. Washington: Peterson Institute for International Economics. China, India, and Brazil dropped their rates to enter the World Trade Organization (WTO). Number of U.S. workers employed by foreign-owned companies is on the rise. E) religion. 2016. What Is Globalization and What Are Its Effects? - ThoughtCo This allowed globalization of goods and services, as well as people and ideas, between these three countries.Most largecorporations operate in many countries around the world.HSBC, the worlds largest bank, has offices in 88 different countries. The History of an Idea. Text on this page is printable and can be used according to our Terms of Service. Which three cities in the world often serve as hearths for popular culture? A) an area where cultures are divided. C) Cultural integration. The problem is compounded because policymakers have done little to help workers and communities adjust at a time when the wealthiest Americans have gained the most in recent years. Which of the following statements best describes the primary effect of globalization? Trade and Investment Policy Watch (May 17). D) New England. 2019. Washington: Peterson Institute for International Economics. If possible, have students watch the National Geographic film Illicit: The Dark Trade. Which of the following areas is not considered a cultural realm? US Trade Agenda Requires Greater Focus on Social Concerns. Washington: Peterson Institute for International Economics. Which example is not an ethnic region of North America? Manual work is increasingly being automated, lowering demand for workers. Students research, analyze, and debate the pros and cons of globalization. D) Poland. schools which have a reputation for being bad. PDF II. GLOBALIZATION AND ITS IMPACT - International Labour Organization Such policies could reduce worker anxiety about job turnover across the board, whether it be from Trade and Globalization. Misconceptions on the Campaign Trail: US Manufacturing. C. Globalization makes national identity irrelevant. British manufacturers could then sell theirfinished goods, such as clothing and blankets, to buyers all over the worldthe United States, Brazil, Australia, even India.Globalization sped up dramatically in the twentieth century with theproliferationof air travel, the expansion offree trade, and the dawn of theInformation Age. B. As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy. Blinder, Alan. 7. 2017. E) ethnic agglomeration. The success of global newsnetworks like CNN have also contributed to globalization. They circulate in a social world that has multiple home bases, and they have gained access to a unique network of individuals and opportunities. A) Folk cultures perceive the environment as a hostile place. E) None of the above. A) Latin America. PIIE Charts. The Peterson Institute for International Economics is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. Globalization as a new phase has been exaggerated because most economic and social activity is regional, rather than . D) The spread of Roman Catholicism to Latin America. One in five American manufacturing workers is now employed by a foreign-owned company operating in the United States. E) folk cultures eat mostly foods that locally available. D) Folk cultures have great reverence for their environment. those who adopt new ideas just before the average member of a social system, those who are reluctant to adopt until most others do so, those who are the last to adopt an innovation, insisting on using ones own cultural rules. D) Calgary, AB. Russia's war on Ukraine: A sanctions timeline. Jensen, J. Bradford. 2016. Visit piie.com to learn more. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. Published online at OurWorldInData.org (accessed on November 7, 2018). 2016 were $26 trillion, equal to 140 percent of US GDP. A) Montreal, QC. C) The Bible Belt. Globalization moves jobs and capital to places that need these resources. A culture learns or adopts a new idea or practice from another culture or cultures. Another common concern was the impact of globalization on culture and identity. The Global Network - National Geographic Society B) housing. D) South Florida. National and regionalcostumes have become rarer as globalization has increased. Globalization involves interconnectivity amongst people and businesses across the world. 2003-2023 Chegg Inc. All rights reserved. Underlying these various visions of globalization is a reluctance to define exactly what is meant by the term culture.During most of the 20th century, anthropologists defined culture as a shared set of beliefs, customs, and ideas that held people together in recognizable, self-identified groups. View the full answer. 2021. A) cultural environment. Text on this page is printable and can be used according to our Terms of Service. A Prescription to Relieve Worker Anxiety. C) Eastern Ontario-Western Quebec. C) Hierarchical diffusion. Cultural globalization - Wikipedia Kirkegaard, Jacob Funk. Washington: Peterson Institute for International Economics. All rights reserved. A. place to another. A) The spread of baseball to Japan. Which of the following concept best illustrates the degree to which pairs of individuals who interact are similar in certain attributes, such as beliefs, education, and social status? C) are available locally. Christopher Columbus first brought chilies to Europe in 1493, and from there they spread across Asia. A) Hawaii. D. Globalization Increases interactions and interdependence between places., What type of precipitation is associated . A) New York and Chicago. Folk culture is often seen in which of the following traits? When waves of cultural groups move into an area and modify the human imprint of Divide the class into two groups: students who focused on pros and students who focused on cons. Senate of Berlin to another. All rights reserved. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. C) urban population. In 2002, theInternational Criminal Courtwas established. Which statement BEST summarizes the point made by that example? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. In an ideal world, displaced workers from trade competition could find new jobs, sometimes by moving or gaining new How Offshoring and Global Supply Chains Enhance the US Economy. In nearly all societies, women 3. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. (Total US foreign assets in C) London, Paris, and Los Angeles. a. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. Terms of Service| In this context, liberal refers to more free or open trade. Employment Projections. cultural globalization, phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. Editor of. 9. Learn more about U.S. immigration with this curated resource collection. They work together to open their borders to allow the movement of money and people needed to keep economic globalization working.Because people, money, and computerized information move so easily around the globe, countries are increasingly working together to fightcrime. Transcribed image text: . Supporters of globalization say that factory workers in poor countries are making much better wages than they would at other jobs available to them. B) trans-national corporations. C) Folk cultures seek to create a uniform landscape. Geneva: World Trade Organization. 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.

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