Globalization

Question 1

Emerging economy

Emerging market economy

Answer 1

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Question 2

People are afraid that the evolution of a global village will raise conflicts between cultures.

Answer 2

Global village: the idea that we became a single community due to affordable and effective transportation, mass media, and electronic communications.

Question 3

Global trade not only results in increased efficiency, bur also allows countries to participate in global economy, encouraging the opportunity of foreign investments.

Answer 3

Global trade, global economy , foreign investment🌸

Question 4

In 2006 Apple faced allegations that its iPod was being produced in China’s sweatshop conditions.

sweatshop conditions

Answer 4

Sweatshop/N/:

a small factory where workers are paid very little and work many hours in very bad conditions.

Question 5

Some companies outsource to cheaper locations to cut costs.

Answer 5

Outsource: If a company outsources, it pays to have part of its work done by another company

Question 6

Some people fear that globalization will inevitably lead to total loss of cultural identity.

Answer 6

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Question 7

Human Development Index

Answer 7

Human development index : is an index prepared by the united nations which lists countries in the order of human achievement taking into consideration three dimensions: health, education , and living standards

Question 8

Although consumerism can take many forms, it generally refers to very high levels if excessive consumption.

Answer 8

Consumerism: it is the belief that it is good for people and society to spend a lot of money on goods and services.

Question 9

Cultural convergence
Cultural divergence

The English Language is a prime example of cultural convergence on a global scale.

Answer 9

Cultural divergence, Cultural convergence:❤️
A tendency for cultures to blend and become more alike and cultural divergence which describes things that make separations of culture.