Lesson 32 Study Guide Flashcards
A large company that has operations in more than one country
Multinational Corporations
What is a benefit of multinational corporation?
Helps underdeveloped countries, and get products from around the world
The development of a global or worldwide society and goods flow freely across national borders
Globalization
The way people or things are spread out over an area or a space
Distribution
A condition in which countries have strong economic ties and depend on each other for resources
Economic Interdependence
Example of Economic Interdependence?
China and the U.S. rely on each other
An international environment where businesses and individuals exchange goods
Global Marketplace
The flow of goods and services across national borders
Free Trade
What region of the world is most affected by globalization.
Southeast Asia
Name country or countries who do the majority of sneaker production
U.S, Germany, Italy, Japan
Name country and countries that are major producers of synthetic rubber
Brazil, Indonesia, Thailand, Malaysia
Why do many countries produce goods in Asia?
You can spend less on wages and materials
What is a shipping container? Where do you find one?
Cargo Container, and you can find it on trains, trucks, or ships
Is globalization likely to increase? Why?
Yes because it’s a way of poverty and unties countries
How does globalization affect traditional life?
They loose national indenities and languages. We are more dependent on other countries
Three positives and negatives of effects of globalization
Positive: help other countries work together, having more materials, multinational corporations can sell out faster. Negatives: more taxes and tariffs, needing cargo ships and containers, shipping illegal things to other countries.
