globalization & sustainanle development Flashcards
1
Q
Globalizaton definition
A
Free & inclusive interaction of countries that include:
politics, economics, society,
technology, culture
exchanges & flow between countries are intensified
2
Q
Introduced “globalizaton” as a term
A
Theodore Levitt
3
Q
Year “globalization” was made a term
A
1983
4
Q
Causes of Globalization
A
- Alexander the Great
- Trading
- Spread of Ideas
- Spread of Christianity
- Industrial Revolution
- World Wide Web
5
Q
Hellenistic countries
A
- Persia
- India
- Greece
- Egypt
6
Q
Aspects of globalization
A
- Communication
- Travel
- Pop culture
- Economy
- Politics
7
Q
Outsourcing definition
A
When corporations move their offices and give jobs to less-developed countries
8
Q
Agencies/Organizations that Regulate Globalization
A
- World Trade Organization (WTO)
- The World Bank
- International Monetary Fund (IMF)
9
Q
Positive effects of Globalization
A
- Existence of world market
- Development of country’s trade
- More job opportunities abroad
- Better manufacturing
- Advancements in medicine
- Faster & wider tech & info spread
10
Q
Negative effects of Globalization
A
- Lower pay
- Strict labor laws
- More unemployment
- More poverty
- Loss of native culture
- More international relations problems
11
Q
Needed to cope with Globalization
A
- Free trade
- High product and services quality
- Firm land ownership policies
- Clear & firm government policies
- Training for entrepreneurs and workers
12
Q
Government Policies on Globalization (business)
A
- Cooperation between public & private sectors
- Privatization of gov-owned corporations
- Promotion of many liberalization policies & economic deregulation
13
Q
Government Policies on Globalization (social)
A
- Large budget for social & economic services
- Agricultural, tourism, & industrial development
- Improving relationship with other countries
14
Q
Factors that Develop Globalization
A
- Existence of world market
- Developing international transpo and communication
- Trade between transnational corps
- More direct foreign investments
- Promotion of innovative ideas & modern technology
15
Q
Starter of Industrial Revolution
A
Britain
