Chapter 1: Globalization and Diversity Flashcards
when forms of US pop culture spread around the world
Hybridization
a firm or corporation, that does international business through an array of global subsidiaries
Transnational Firms
the notion that globalization will result in the world’s poorer countries gradually catching up with more advanced economies
economic convergence
crude factories in which workers sew clothing, assemble sneakers and perform other labor intensive tasks for extremely low wages
sweatshops
one of the most powerful institutions of economic globalization, created in 1995 to oversee trade agreements, encourage open markets, enforce trade rules and settle disputes. 151 member countries
World Trade Organization (WTO)
says that globalization is not “natural”, a greater gap between rich and poor
critics of globalization
a highly inflated economy that cannot be sustained, usually results from rapid influx of international capital into developing countries
bubble economy
the standard statistic used to express natural population growth per year for a country, region or the world, based on the difference between birthrates and death rates, does not include migration
rate of natural increase (RNI)
measures the fertility of a statistically average group of women moving throughout their childbearing years
fertility rate (TFR)
structures the population - includes the percentage of young and old
population pyramid
examples of push forces
civil strife, environmental, or unemployment
examples of pull forces
better economic opportunity or health services
Immigration
moving into a country
emmigration
moving out of a country
the measure of immigration and emigration - a statistic that depicts whether people are entering or leaving a country
net migration rates