Globalization

Question 1

WHAT IS GLOBALIZATION?

Answer 1

The idea where we exchange things around the world. A process where economies and cultures have become integrated through:
- New global communication technologies
- Foreign direct investment
- International grade
- Immigration
- New forms of transportation
- The flow of money

Question 2

HISTORY OF GLOBALIZATION

Answer 2

• Historians view the expansion of the roman empire as an early form of globalization
• Globalization began after WW11
• Establishment of the UN and the fostering of trade nations

Question 3

POSITIVE EFFECTS OF GLOBALIZATION

Answer 3

1. Outsourcing
2. Lower prices
3. Decrease in poverty
4. Innovation
5. Optimal use of resources
6. Better jobs
7. Increased capital flow

Question 4

GLOBALIZATION OVERALL HAS INTEGRATED

Answer 4

1. Sales
2. Finance
3. Global monetary markets
4. Manufacturing
5. Transportation
6. Communication across the world

Question 5

NEGATIVE EFFECTS OF GLOBALIZATION

Answer 5

1. Lost jobs
2. Fear of Job Loss
3. Loss of Canadian productivity
4. Exploitation of cheap labour
5. Increased pollution
6. Safety concerns
7. Spread of disease
8. Increase in income gap
9. Influence of multinational corporations (MNCs) on governments
10. The entire world may be affected by an event that takes place in one nation

Question 6

THE RISE OF POPULISM

Answer 6

• Populism is an ideology with a concern for “the common” citizen
• Promotes protectionism (restrict imports through tariffs, quotas, etc.)
• Goal is to boost domestic industry
• Rising sentiment in many countries (US, France, UK)