Globalization Flashcards
a large company that has operations in more than one country
multinational corporations
What is a benefit of multinational corporations?
helps growing countries, less money for items
the development of a global society in which people, money, information, and goods flow fairly freely across national borders
globalization
the way people or things are spread out over an area, also the way resources, power, or goods are divieded among people or groups
distribution
a condition in which countries have strong economic ties and depend on each other for resources, technology, and investment
economic interdependence
example of economic interdependence?
how we used to rely on Canada snd China for goods
where people buy goods from all over the world
golabal marketplace
The flow of goods and services across national borders with little to no government control
free trade
what region of the world is mpst affected by globalization?
South east asia
name the countries who do the majority of sneaker design.
USA Germany Japan and Italy
Name thr countries who do that are the major producers of synthetic rubber
taiwan and malaysia
globalization has caused an increase in…?
trade, global manufacturing, jobs in developing countries, and technology
why do many countries produce goods in Asia?
people willing to work for less money
what is a shipping container? where would yoh find one?
a shipping container is something that holds goods. ypu can find one on a ship, on a train, or a truck
is globalization likely to increase? why?
yes because developing countries think its a way put of poverty, unites countries, keeps cost down for companies
list at least 3 positive and negative effects of globalization.
positive- 1. companies make more $ to help the economy, 2. lower costs for items, 3. companies grow throughout the world
negative- 1. job displacement, 2. less products manufactured in the USA, 3. high tairffs on imported goods
how does globalization affect traditional life?
losing their identities, losing language, less self dependence
