They also pay better, do more research and development, export more, and invest more than the average US firm. A) relocation diffusion. Globalization results in the expansion of international cultural, economic, and political activities. D) bridal tithe. In 2009, representatives from 170 countries gathered at a conference in Copenhagen, Denmark, to discuss climate change. to another. Furman, Jason. Students participate in a debate on the issue of human workers being replaced by robots and automation. This was not the case before the 1600s. C) Hispanics. If a media asset is downloadable, a download button appears in the corner of the media viewer. Some menu items, such as the Big Mac, are the same all over the world. C) London, Paris, and Los Angeles. Rodrik, Dani. If no button appears, you cannot download or save the media. The area of origin of a culture is called Please refer to the appropriate style manual or other sources if you have any questions. Trade and Investment Policy Watch (May 17). People often practice their folk customs instead of pop culture because Updates? A. Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule. 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. Which of the following statements best describes the dialectics of globalization? D) are responsible for housework and child rearing. D) It is better than analysis in decision-making. Vox (August 11). D) the spread of an idea or trait through the physical movement of people from one place 1948. Countries exposed to globalization have alleviated inequality to different degrees through tax and welfare systems. PIIE Charts (March 16). 2018. D) cultural landscape. The process. 2017. Federal Reserve Bank of Chicago. Many were injured in confrontations with police. Globalization increases global wealth and improves economic development. B) migrants. Many buildings were damaged. A) The spread of baseball to Japan. Multiple-choice. The global economy is innately tied to trade; it allows countries around the world to obtain any resource they may want, whether or not it is produced on the home front. Chapter 2 [pdf] of The United States and the World Economy: Foreign Economic Policy for the NextDecade. A) Hawaii. from both cultures. 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. It does not significantly change the total number of positions in the economy, as job numbers are primarily driven by business cycles and Federal Reserve and fiscal policies. C) The spread of cell phones from the upper class to the middle and lower classes. Washington: Peterson Institute for International Economics. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. Alice Manning, National Geographic Society E) Borderland region. Globalization - a phenomenon that has defined the world's economy in recent decades - is under pressure. The real reason youre not getting a pay raise. D) Labor Day. 2018. Internationaltradeis vital to the economies of most countries around the world. 10. Dueto globalization and other factors, it isimpossible for large industrialized nations toexit the global economy without devastating effects. Divide the class into two groups: students who focused on pros and students who focused on cons. Trade and Investment Policy Watch (March 6). D) The spread of Roman Catholicism to Latin America. Trade and Globalization. D) Chain migration. A Survey of Experts, Section 301: US investigates allegations of forced technology transfers to China, Will the Liberal Order Survive? Other menu items are specific to that region. 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. Which of the following is not an example of expansion diffusion? But trade negotiations can only go so far. The U.S. Income Distribution:Trends and Issues [pdf]. A) art. D) Traditional dress. Anthropologist Arjun Appadurai described and studied five dimensions of global cultural flow. 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. E) Navajo hogans. B. D) Cultural traits are a reflection of a groups values. C) Hierarchical diffusion. 2016. A) Race. B) influence of a culture decreases the further one travels from the core. C) The spread of AIDS from Africa to Europe. Senator Orrin Hatch Argues Against Auto Tariffs. integrated but dropped dramatically during the global financial crisis of 200809. The institutions established include: MORE GOODS AT LOWER PRICES The Brexit agreement: An economic guide for the perplexed. The Rights Holder for media is the person or group credited. In other words, the con of cultural globalization is that there may develop one world culture (an Americanized world) rather than cultural diversity. E) All of the above. A) the rapid and widespread diffusion of a characteristic throughout the population. It is a process by which people, nations, and companies interact actively in the international stage. 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. 2017. Globalization increases global wealth and improves economic development. Through globalization, people may become aware of incidents very quickly. C) do not earn the same pay as a man does. When waves of cultural groups move into an area and modify the human imprint of Washington: Peterson Institute for International Economics. E) none of the above. E) any market area for a retail business. Global Trade in Services: Fear, Facts, and Offshoring. 9. Washington: Peterson Institute for International Economics. In large cities, people with the same culture often live in segregated areas called Instead of sacrificing trade gains, many economists recommend domestic policies like wage insurance, expanded E) religion. Which of the following is an example of relocation diffusion? Globalization has increased the number of students studyingabroad.Not everyone says that globalization is good, however. Washington: Peterson Institute for International Economics. Global Value Chains and Development: Investment and Value Added Trade in the Global Economy. D. Globalization contributes to global political, economic, and military dominance of some countries over others. B) Culture is learned behavior that is passed from one generation to the next. A culture overcomes a threat to its own by strengthening its own cultural image. Newsroom| Washington: Peterson Institute for International Economics.Bown, Chad P., and Jennifer A. Hillman. The idea that an environment influences, but does not strictly determine, how a culture. Globalization only connects people in developed countries. C) Many younger people like to be near cultural amenities in the city. National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. 4. A) favors females over males Broader domestic policies can also help workers adapt to the continuously changing job market, such as access 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. Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. Trade and Investment Policy Watch (January 18). 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. 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. D) Folk cultures have great reverence for their environment. Geneva: World Trade Organization. Have students write a bulleted list of information that supports the views they selected. B) the circulation of a daily newspaper. 2018. D) the internet. Globalization has brought changes to Gogol's family that they are learning to like . B) belief systems. C) folk cultures have a homogeneous population. C) the isolation of a culture from the rest of the world. In an ideal world, displaced workers from trade competition could find new jobs, sometimes by moving or gaining new E) Transculturation. People and organizations invest in companies all over the globe. C) has equality between males and females The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. There are ongoing efforts started in December 2017 by the European Union, United States, and Japan to negotiate new rules that would potentially be embedded within the WTO. Which of the following statements best describes the primary effect of globalization? Experts are tested by Chegg as specialists in their subject area. By sharpening such identities, these NGOs have globalized the movement to preserve indigenous world cultures. C. Globalization improves cultural awareness by enabling the exchange of ideas and information. The Trump administration pushed for more power to impose tariffs. Written by Melina Kolb 3. And How Has the Global Economy Shaped the United States? Answer to Solved 3. Bigger factors than trade that drive job displacements are labor-saving technologies, like automated machines and artificial intelligence. Terms of Service| C) It should be coupled with analysis in decision-making. Fairbank Professor of Chinese Society and Professor of Anthropology, Harvard University. E. Globalization increases global inequality. If American producers want to reach those consumers, the United States must let producers from overseas reach American consumers, as they have over the years for cars, appliances, smartphones, and other products Americans want. 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. 5. A trade deficit occurs when spending on imports exceeds what is earned from selling exports. The United States has done the least among advanced economies to mobilize government policies to reduce inequality. Globalization refers to the technological, political, economic, financial, and cultural exchanges between peoples and nations that have made and continue to make the world a more interconnected and interdependent place. called a B) the spread of an underlying principle or idea. And the reality is that the problems people face today go far beyond the effects of globalization. Russia's war on Ukraine: A sanctions timeline. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. A) urban areas. The globalization of Greek culture came with the conquerorAlexander the Great. China bought none of the extra $200 billion of US exports in Trump's trade deal. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. is an aspect of cultural globalization and refers to the reduction in cultural diversity . 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. 4. In 1994, the United States, Mexico, and Canada signed theNorth American Free Trade Agreement (NAFTA), which eventually ended all tariffs on trade goods between the three nations. PIIE Policy Brief 17-16. globalization is a term that is used to refer to the increased interdependence among nations. Which statement about race and ethnicity is true? See how trade helps both sides be more productive. Inequality is widening. Many are most comfortable with goods and services that resemble what they have at home. Chicago Fed Letter, No. D) a cultural landscape. markets open and settle disputes, Causes more lost jobs than they create as other countries retaliate, With global supply chains dominating world trade, it is difficult to hit another country TravelIncreased internationaltravelhas also increased globalization. British factories made fabric and other goods from the cotton. schools which have a reputation for being bad. The government may enact taxes on imports (called tariffs), limits on the quantity of imports (called quotas), subsidies to domestic industries, or other regulations. The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. 2020SAGE Publications SAGE Publications India Pvt. E) All of the above. The greatest areas of job growth now in the United States are in professional and business services, health care and social assistance, and educational services. C) they want to preserve their traditional cultures. B) Step migration. 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. Make sure students back up any statements with factual information from reliable resources. 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? This availability of resources is facilitated through trade. Globalization refers to the shrinking of the world political,economic and social structures into one village. a. skills. Many of them also face lower earnings or have dropped out of the workforce. Services are business activities conducted between countries, such as tourism, finance, insurance, real estate, science exchanges, professional services, business management, education, health care, arts, entertainment, accommodation, and food services. D) the belief that one's own ethnic group is superior to others. largely composed of bank loans) has been more volatile. Any interactives on this page can only be played while you are visiting our website. B) Jews. A) The spread of Spanish language to Latin America. Globalization. Corrections? Expanding on the concept of Davos culture, sociologist Peter L. Berger observed that the globalization of Euro-American academic agendas and lifestyles has created a worldwide faculty cluban international network of people who share similar values, attitudes, and research goals. Washington: Peterson Institute for International Economics. Larger markets enable companies to reach more customers and get a higher return on the fixed costs of doing business, like building factories or conducting research. Bradford, Scott C., Paul L. E. Grieco, and Gary Clyde Hufbauer. Divided We Stand: Why Inequality Keeps Rising. D) Stimulus diffusion. A) Tex-Mex cuisine. Apartheid, a policy of racial segregation from 1948-1990, was the official policy of E. Encourage governments to make innovative uses of local resources. Washington: Peterson Institute for International Economics. Realtime Economic Issues Watch (January 21). Autor, David H., David Dorn, and Gordon H. Hanson. Privacy Notice| Steel and Aluminum Tariffs. A) folk culture populations are usually small. E) none of the above. Trade and Investment Policy Watch (November 7). Which statement concerning the globalization of Western culture is true? Desilver, Drew. A. 2. Hufbauer, Gary Clyde, and Euijin Jung. A) Memorial Day. Challenges to national sovereignty and identity, Anti-globalism movements and the Internet, Borrowing and translating popular culture, https://www.britannica.com/science/cultural-globalization, Social Science LibreTexts - Globalization. B) grooms gift. Laws protecting the environment and workers safety are less widespread in developing countries, which also lowers costs for the corporation. E) all of the above. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). PIIE Charts (July 26). Many early European explorers were eager to bring theChristian religion to the regions they visited. Which of the following statements best describes the primary effect of globalization? B) The spread of laptop computers from the upper class to the middle class. 2017. New York: United Nations. B) the South and northern US Cities. Explain to students that globalization, in its simplest form, means a more connected world. To ensure full site functionality, please use an alternative web browser or upgrade your version of Internet Explorer. Which example is not an ethnic region of North America? B) the spread of an underlying principle or idea. 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. B) Hollywood movies. A. The Memoirs of Cordell Hull, Volume 1. .ng-c-sponsor-logo { E) all of the above. 30 seconds. Donors do not influence the conclusions or policy implications drawn from Institute research. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. 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. 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 Which of the following is an example of hierarchical diffusion? D) globalization. Globalization in History Globalization has a long history, for example, Ancient Greek . There are abuses within the system and rules need to be updated. B) the spread of culture traits from one group to another. Manufacturing employment share has also declined Although globalization has affected us economically and politically, it has also affected us socially on a wider scale. Accessed on October 4, 2018. Recent US Manufacturing Employment: The Exception that Proves the Rule. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. WTO/Jay Louvion, Studio Casagrande. E) cultural progression. 2019. C) influence of a culture stays the same the further one travels from the core. Hendrix, Cullen S. 2016. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. A) Cultural assimilation. PIIE Policy Brief 18-5. INNOVATION It entered the World Trade Organization in 2001 and undertook many reforms, cutting tariffs and other trade barriers. E) an area where two cultures merge into a single culture. People all over the world have access to the same news 24 hours a day. 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. A culture overcomes a threat to its own by strengthening its own cultural image. inflation down, Can put the United States at a disadvantage since other countries continue to strike their own deals with each other that Washington, DC 20036, Careers| Washington: Peterson Institute for International Economics. . These resources will help to teach middle school students more about the global economy and the central role trade plays. Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. Stokes, Bruce. Contact Us. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. C) are available locally. E) Japanese capitalism. The agent selects a sample of 575757 one-bedroom apartments and collects and stores the data in Silver Spring Rentals. E) All of the above. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. Currently, there is government support through a program called Trade Adjustment Globalization has led to increases in standards of living around the world, but not all of its effects are positive for everyone. through education, training, job search assistance, and other active labor market programs. 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. Today, HSBC has its headquarters in London, England.Economic globalization has allowed many corporations based in the West to move factories and jobs to less economically developed countries, a process calledoutsourcing. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Globalization has led to both a growing interconnectedness and a rise in xenophobia. This feature was first published on October 29, 2018 and last updated on August 24, 2021. D) Many younger people who are childless arent concerned with the quality of public The persistence of local culture. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. C) cultural agglomerations. A) the fear of outsiders. There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. Annual Review of Economics 8: 205240. 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. E) Cultural assimilation. financial crisis and the global financial crisis of 200809, especially in other liabilities like bank loans. Efforts to confront problems such as globalclimate changemust involve many different countries. How Offshoring and Global Supply Chains Enhance the US Economy. Bergsten, C. Fred. biological history? C) war and occupation. D) Migrant diffusion. Washington: Peterson Institute for International Economics. Nevertheless, a Peterson Institute study finds 156,250 US manufacturing jobs were lost on net each year between 2001 and 2016 from expanded trade in manufactured goods, which represents less than 1 percent of the workers laid off in a typical year.1 Low-wage workers in certain regions are most affected. historically high levels, but fewer people are needed to achieve this success. Congressional Research Service. 2017. Washington: Peterson Institute for International Economics. 1145 17th Street NW If possible, have students watch the National Geographic film Illicit: The Dark Trade. On the other hand, during times of unrest, dependence on outsidenations,in a global economy,may seem scary. A) Southwest USA-Northern Mexico. Weisman, Steven R. 2016. D) the innovation of a cultural trait. US-China phase one tracker: Chinas purchases of US goods. D. Globalization Increases interactions and interdependence between places., What type of precipitation is associated . A) The spread of English language to British colonies. b. Tell students they can choose one aspect of globalization, such as economic costs and benefits, or they can look at the issue as a whole. 2021. Have the two groups debate the issue.