Reading 1-2 Flashcards
3 processes of globalization
- economic
- political
- cultural
7 aspects of globalization
- financial
- economic
- political
- cultural
- sociological
- technological
- ecological
aspects involved in economic process
- financial aspect
- economic aspect
- technological aspect
Interconnection of the world’s financial systems e.g. stock markets
financial aspect
financial aspect primarily relates to:
- finance
- currency
- money
A worldwide economic system that permits easy movement of goods, production, capital, and resources (free trade facilitates this)
economic aspect
economic aspect primarily relates to:
goods and services
tangible aspect
economic aspect
intangible aspect
financial aspect
The connection between nations through technology such as television, radio, telephones, internet, etc.
technological aspect
technological aspect relates to economic process by facilitating __________
economic transactions
aspect involved in political process
- political aspect
Countries are attempting to adopt similar political policies and styles of government in order to facilitate other forms of globalization
political aspect
political aspect primarily relates to:
- government
- governance
concepts included in political aspect
- national laws
- security
- sovereignty
facilitate action and development
treaties
aspects included in cultural process
- cultural aspect
- ecological aspect
- sociological aspect
Merging or “watering down” of the world’s cultures – e.g. food, entertainment, language, etc.
cultural aspect
cultural aspect relates to ______
inculturation
cultural aspect also includes the exchange of _____ and _____
- values
- attitudes
cultural aspect is the ______ of foreign cultural practices such as in fashion and film entertainment
adaptation
Seeing the Earth as a single ecosystem rather than a collection of separate ecological systems because so many problems are global in nature
ecological aspect
negative effects of globalization
trade-off
manifestations of trade-off
- overproduction
- overconsumption
A growing belief that we are all global citizens and should all be held to the same standards – and have the same rights
sociological aspect
sociological aspect refers to how _____ can be similar among different demographics
social issues