Unit 1 Flashcards
Globalization
The interconnectedness of the world.
Economic globalization
The process of expanding world trade networks.
What is a TNC
Trans national corporation, which operates in many different countries around the world.
Outsourcing
A practice that involves hiring people in different parts of the world to lower costs.
Social globalization
The process of which people’s lifestyles spread over global networks, the global access of popular culture.
What is media concentration
Media owned by a few large corporations, ex. Meta, which owns Facebook and instagram.
What is media convergence
Technology integrating different forms of media.
Political globalization
Political decisions and actions are becoming increasingly international.
What are the forces of globalization?
Trade, transportation, communication technology, media.
Trade
People will trade to obtain goods that are not available in their own region.
Transportation
Moving things quickly and cheap, with technological innovations in transport, larger amounts of goods can be moved around the globe fast.
Communication technology
The internet becoming widely available, accelerated international business and commerce.
Media
Technology enabling us to access social media, tv, and news around the world.
Linguistic identity
The collective identity of people who speak the same language
Cultural revitalization
The process of affirming and promoting people’s individual and collective cultural identity.