globalization Flashcards
what is globalization?
the trend toward greater interconnectedness
what is financial globalization?
the stock exchange
what is economic globalization?
multinational corporations (MNG’s) that do business in more than one country
which type of globalization is considered very controversial?
economic globalization
what is technological globalization?
creation of a global village, mostly in wealthy countries
-cell networks over landlines in developing countries
what is political globalization?
policies that cross national boundaries regarding trade, environmental protection and law
what is cultural globalization?
harmonization of the world’s cultures
a fear of losing natural/local identities in favour of “westernization”
what is ecological globalization?
one ecosystem, not separate (closed system)
led to the world coming together to solve environmental crisis
