Globalization

Question 1

Globalization

Answer 1

• The increase of interconnectedness of the world
• The world as a single place

Question 2

Glocalization

Answer 2

• When the “world” produces sth distinctive as the result of interacting with the locals

Question 3

Cons of globalization

Answer 3

• More consumption
• Greater wealth-> greater poverty
• Homogeneity

Question 4

Effects of economic globalization

Answer 4

• Multi-national corporations
• Global stratification (rich/poor)
• Neoliberalism-Privatization of resources

Question 5

Nation-state

Answer 5

• The entire world is organized by a single political unit (colonial empire)

Question 6

Cultural globalization

Answer 6

• Ideas and values are spread all over the world

Question 7

Cultural globalization cons

Answer 7

• Neocolonialism
• Influences economic, politics, and ideas
• Religious fundamentalist response to globalization

Question 8

Modernization theory

Answer 8

• The Westernization of developed countries
• More personalistic ideals
• Rich nations as the supporter

Question 9

Dependency theory

Answer 9

• The global North exploits of the global South
• Third world countries provide cheap labor for 1st and 2nd world in exchange for goods.