Globalization Flashcards
What is the definition of Globalization?
Increasing interconnectedness and interdependence of countries through the exchange of goods, services, information, and ideas.
How does Globalization affect the Economy?
Integration of national economies into the global economy.
How about Globalization in Culture?
Spread of cultural influences across borders.
Globalization in Law?
Emergence of international legal frameworks and agreements.
Globalization in Politics?
Interconnectedness of political systems and diplomacy.
What are the Elements of Globalization:?
Trade, investment, technology, communication, and cultural exchange are key elements shaping globalization.
Trade Agreements in Globalization
International pacts facilitating trade, like NAFTA, EU, or TPP, aiming to reduce barriers and promote economic cooperation.
What is Capital Flow?
Movement of money across borders, including foreign direct investment (FDI) and portfolio investment.
Migration Patterns:
Movement of people across borders for various reasons, such as work, education, or seeking refuge.
What is Information Transfer?
Rapid exchange of information globally, facilitated by advancements in technology and communication.
Define Trends of Technology?
Accelerated technological advancements impacting industries, communication, and daily life globally.
Define Trends on Globalization?
Evolving patterns in global trade, political alliances, and cultural exchanges.
Population Trend:
Shifts in global population distribution, demographics, and urbanization.
Science and Technology:
Global collaboration in scientific research, technological innovation, and knowledge sharing.
4 Core of Globalization:
Economic globalization, cultural globalization, political globalization, and technological globalization are often considered the core dimensions.
