Semester B Unit 7 Flashcards
- What is a major factor in causing globalization to speed up in the last two decades?
Advances in computer technology
- What has globalization done to the standard of living in developed nations?
It has caused the standard of living to rise.
What is free trade, and what are the arguments for and against it?
DEFINITION: Businesses in various nations engaging in commerce with little government interference or restriction
FOR: Results in less expensive goods, benefits countries by allowing them to concentrate on what they do best provides a basis for cooperation among nations
AGAINST: Allows companies in developed nations to move factories to less developed countries, restricts countries from passing laws to protect the environment or regulate labor practices
- Match each organization or agreement on the right that promotes free trade with the statement on the left that best describes it.
European Union
WTO
NAFTA
Removed many trade barriers among Mexico, the United States, and Canada
Allows goods to flow freely across national borders of member nations
Encourages free trade and helps settle trade disputes among its more than 100 members
Removed many trade barriers among Mexico, the United States, and Canada: NAFTA
Allows goods to flow freely across national borders of member nations: EUROPEAN UINION
Encourages free trade and helps settle trade disputes among its more than 100 members: WTO
What is outsourcing, and what are the arguments for and against it?
DEFINITION: The use of workers in other countries by multinational corporations
FOR: Consumers at home benefit from lower prices when a corporation is able to cut
costs, growing profits allow corporations to hire more skilled and high-paid workers at home.
AGAINST: Outsourcing leads to a loss of jobs in a corporation’s home country.
- Complete the following chart as you read the subsection titled “Developed and Developing Nations.”
DEVELOPED
* industrialized
* high ________________ of living
* allow citizens to enjoy a free and ____________ life in a safe environment
* concentrated in North America and Europe
Example nations
- industrialized
- high STANDARD of living
- allow citizens to enjoy a free and HEALTHY life in a safe environment
- concentrated in North America and Europe
EXAMPLE NATIONS
US
France
Japan
Israel
- Complete the following chart as you read the subsection titled “Developed and Developing Nations.”
ADVANCED DEVELOPING
* rapidly _____________ economies
* may soon qualify as ________________
* have benefited from ________________
Example nations
- rapidly GROWING economies
- may soon qualify as DEVELOPED
- have benefited from GLOBALIZATION
EXAMPLE NATIONS
South Korea
Turkey
Brazil
- Complete the following chart as you read the subsection titled “Developed and Developing Nations.”
LEAST DEVELOPED
* suffer from widespread _____________
* experience ______________ instability
* benefit very little from globalization
Example nations
- suffer from widespread POVERTY
- experience POLITICAL instability
- benefit very little from globalization
EXAMPLE NATIONS
Chad
Ethiopia
Bangladesh
- Why did the recession that began in 2007 in the United States spread around the world?
The economies of the world’s nations are increasingly interdependent; the ups and downs of one country’s economy can affect the rest of the world.
- Which country influences other cultures to a greater extent than any other due to its economic output?
United States
- Why do some people protest against some popular American companies doing business in other countries?
They fear that their own cultural traditions will be submerged in a tide of Americanization.
- Give at least three examples of different cultures interacting as a result of globalization.
American movies, music, and clothes are found in other countries. Japanese
comic books called manga and movies made in India—“Bollywood” films—are popular in the United States.
Social Issues and Challenges:
POVERTY/HUNGER
Nearly one-quarter of the earth’s population lives in extreme poverty.
* Nearly half the people in the world live on less than the equivalent of $2 a day.
* The world’s poorest people usually lack access to adequate shelter, health care, and education.
* According to the United Nations, in 2008 more than 900 million people were undernourished and 25,000 a day died of starvation.
* Famines occur that cause many deaths.
* The gap between rich and poor remains.
Social Issues and Challenges:
DISEASE
- AIDS is a pandemic that has led to the deaths of some 25 million people.
- AIDS has taken a terrible toll in sub-Saharan Africa.
- Overuse of antibiotics has led to drug-resistant germs.
- Air travel has the potential to spread disease very rapidly.
Social Issues and Challenges:
MIGRATION/URBANIZATION
- Immigrants often seek freedom, stability, and economic opportunity.
- Immigrants are often accused of taking jobs away from native-born residents during times of economic trouble.
- Many Muslim immigrants to European countries faced suspicion and hostility after terrorist attacks by militant Islamists.
- People migrate to cities for a better life, but most cities in developing countries lack the infrastructure to support an exploding population.