Washington: World Bank. The The institutions established include: MORE GOODS AT LOWER PRICES Culture is spread by A) have fewer legal rights than men. Cultural globalization is the spread of the culture, customs, or ideas of a place or a people to the rest of the world. If American producers want to reach those consumers, the United States must let producers from overseas reach American consumers, as they have over the years for cars, appliances, smartphones, and other products Americans want. The largest minority group in the United States is trade or other bigger factors. D) the belief that one's own ethnic group is superior to others. All rights reserved. A) the rapid and widespread diffusion of a characteristic throughout the population. Globalization is the connection of different parts of the world. Globalization - a phenomenon that has defined the world's economy in recent decades - is under pressure. How Offshoring and Global Supply Chains Enhance the US Economy. Propelled by the efficiency or appeal of wireless communications, electronic commerce, popular culture, and international travel, globalization has been seen as a trend toward homogeneity that will eventually make human experience everywhere essentially the same. 2018. Pew Research Center (September 26). Through globalization, people may become aware of incidents very quickly. A) the rapid and widespread diffusion of a characteristic throughout the population. Preserving Manufacturing Jobs One Company at a Time. A. Hufbauer, Gary Clyde, and Sean Lowry. A leading explanation for rising US inequality [pdf] is that technology is reducing demand for certain low- and middle-wage workers and increasing demand for high-skilled, higher-paid workers. Which statement best describes trends in globalization of markets? Which statement about race and ethnicity is true? As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy. SOLUTION:- 1:- The correct option is :B Explanation: Global . E) all of the above. Instead of sacrificing trade gains, many economists recommend domestic policies like wage insurance, expanded B) religions do not have any impact on the built landscape. 2017. All of the following reflect a popular cultural landscape except E) All of the above. 2016. E) any market area for a retail business. C) the spread of an idea from persons of power to other persons. Chart data collected by Christopher G. Collins and Soyoung Han C. Globalization improves cultural awareness by enabling the exchange of ideas and. Today, news and information zips instantly around the world on theinternet. E) none of the above. TravelIncreased internationaltravelhas also increased globalization. Many were injured in confrontations with police. When you reach out to him or her, you will need the page title, URL, and the date you accessed the resource. Other advanced economies have generally increased the size of government programs as they 2017. 2017. This chart shows how FDI has grown steadily while the growth of portfolio holdings (foreign equity or foreign debt) and other assets (which are A geographic assemblage of related culture regions is A) American news organizations, such as CNN. A culture keeps its own cultural ideas from other cultures. Christopher Columbus first brought chilies to Europe in 1493, and from there they spread across Asia. Students participate in a debate on the issue of human workers being replaced by robots and automation. E) Transculturation. Bergsten, C. Fred. Washington, DC 20036, Careers| A farmer in Nigeria can easily talk to his cousin who moved to New York, New York. Speech given at the Brookings Institution, April 8. SCALED UP BUSINESSES B) the South and northern US Cities. The Post-American World Economy: Globalization in the Trump Era. They will best know the preferred format. And How Has the Global Economy Shaped the United States? largely composed of bank loans) has been more volatile. Not enough has been done to help those who have lost out from trade competition. Ltd. Which of the following statements best describes cultural hybridization? Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule. to higher education and health care, but Americans remain conflicted about the governments role in these social People may choose to immigrate for a variety of reasons, such as employment opportunities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family. The corporation can pay lower wages, because thestandard of livingin less developed countries is much lower. Globalization is the connection of different parts of the world. A) Traditional music. Many multinational companies with famous brands are now controlled by global enterprises. World Trade Organization Updates? National Geographic Society is a 501 (c)(3) organization. Services are business activities conducted between countries, such as tourism, finance, insurance, real estate, science exchanges, professional services, business management, education, health care, arts, entertainment, accommodation, and food services. A. of the cause. Three Ways to Reduce a Trade Deficit. 2016. B) Winnipeg, MB. Thompson, Robert L. 2007. E) None of the above. The fiery chili pepper is native to the Western Hemisphere. Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. Blinder, Alan. 1948. 3. Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits. Bartley Johns, Marcus, Paul Brenton, Massimiliano Cali, Mombert Hoppe, and Roberta Piermartini. Our editors will review what youve submitted and determine whether to revise the article. But not until the 19th century did global integration take off. Code of Ethics| The Trump administration pushed for more power to impose tariffs. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. B) The spread of laptop computers from the upper class to the middle class. Which of the following is an example of a formal cultural region? Globalization increases global wealth and improves economic development. They also say that outsourcing has causedwealthycountries to lose too many jobs. C) each major world religion can be directly linked to a cultural homeland. African-Americans predominately live in US Trade Agenda Requires Greater Focus on Social Concerns. 1In 2016, 19.9 million workers [pdf] were laid off or discharged (i.e., involuntary separations). Deglobalization 2.0: Trade and Openness During the Great Depression and the Great Recession by Peter A. G. van Bergeijk ISBN: 9781788973458 Published/Created: 2019 The rapid integration of global governments, businesses and capital has faced a dramatic and often hostile backlash in recent years. 2016. Manual work is increasingly being automated, lowering demand for workers. A) Memorial Day. C) Ghana. B. Globalization has made Gogol immediately comfortable with American culture. D) The spread of Roman Catholicism to Latin America. Which of the following statements best describes the primary effect of globalization? E) Transculturation. For example, many software engineers and Internet entrepreneurs who live and work in Silicon Valley, California, maintain homes inand strong social ties toIndian states such as Maharashtra and Punjab. Foreign Affairs (January/February). Corrections? E) marital gift. Popular culture is rapidly diffused around the world by E. Globalization increases global inequality. Imports are goods or services purchased from outside the country. People can read information about foreign countries as easily as they read about their local news. Some menu items, such as the Big Mac, are the same all over the world. A payment of money or goods from the family of a bride to the grooms father is Kletzer, Lori G., and Robert E. Litan. Ghose, Ajit K. 2004. Have students write a bulleted list of information that supports the views they selected. 2. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar. Internationaltradeis vital to the economies of most countries around the world. The United States had an overall trade deficit of $447 billion in 2017, according to the US International Trade Commission, as a result of Americans spending more than they earn and financing the difference with foreign credit. areas? A) Culture is the traditions and beliefs of a group of people. Senator Orrin Hatch Argues Against Auto Tariffs. D) Labor Day. Because of this,economic downturns in one country are repeated in other countries. How do Americans feel about globalization? Globalization is important because it help create employment and more production of goods a result . A) cultural environment. D) cultural exclaves. 2017. Washington: Peterson Institute for International Economics. Public Comment on Trump Administration Report on Significant Trade Deficits. A. B) the spread of an underlying principle or idea. 1996 - 2023 National Geographic Society. 2020. Which statement BEST summarizes the point made by that example? B. D) the area know as the "South". Tell students they can choose one aspect of globalization, such as economic costs and benefits, or they can look at the issue as a whole. Foreign direct investment (FDI) involves establishing ownership or controlling interest of a business in another country. C) the spread of an idea from persons of power to other persons. PIIE Policy Brief 17-16. Desilver, Drew. Globalizationis the connection of different parts of the world. Which of the following concept best illustrates the degree to which pairs of individuals who interact are similar in certain attributes, such as beliefs, education, and social status? C) urban population. The globalization of Christianity spread from Europe toLatin Americathrough Christian missionaries working with the local populations.Globalization wasaccelerated in the nineteenth century with theIndustrial Revolution, as mechanicalmills and factories became more common. schools which have a reputation for being bad. C) Syncretism. A Prescription to Relieve Worker Anxiety. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. The History of an Idea, Misconceptions on the Campaign Trail: US Manufacturing, The Post-American World Economy: Globalization in the Trump Era, Trade has been a global force for less poverty and higher incomes, Nearly All US Trade Deals Were Negotiated, Signed, and Implemented by Republicans, Senator Orrin Hatch Argues Against Auto Tariffs, Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits, Global Value Chains and Development: Investment and Value Added Trade in the Global Economy, Both countries lose economically when trade volumes decline, Costs rise, harming US competitiveness and making it harder for families to afford products, Disrupts global supply chains that domestic businesses, workers, and consumers rely on to hold costs and After World War II in the mid-1940s, the United States led efforts to revive international trade and investment under negotiated ground rules, starting a second wave of globalization, which remains ongoing, though buffeted by periodic downturns and mounting political scrutiny. Assistance (TAA), though it only helps workers directly impacted by trade and the amounts paid are limited. Many companies usedraw materials from distant lands. A) the rapid and widespread diffusion of a characteristic throughout the population. E) folk cultures eat mostly foods that locally available. How Not to Mobilize Against China. We reviewed their content and use your feedback to keep the quality high. Trade and Investment Policy Watch (December 2). A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. D) an area around the boundary between two culture regions that exhibits traits A) Zimbabwe. Millions of people take vacations to foreign countries. Moran, Theodore H., and Lindsay Oldenski. A) the fear of outsiders. In previous pieces, we looked at some winners and losers of economic globalization, the environmental aspect of globalization, cultural globalization and digital globalization. The same is true, by comparison with local averages, of US firms that invest abroad. D) Los Angeles, Berlin, and Tokyo. In reality, it has been very difficult for many of these workers to transition, with lasting effects on C) Ottawa, ON. E) All of the above. Washington: Peterson Institute for International Economics. Having students debate both sides of an issue builds their critical thinking and problem-solving skills. Ask them to brainstorm what some pros and cons may be, and write them on the board. US-China phase one tracker: Chinas purchases of US goods. 2021 Peterson Institute for International Economics. height: 60px; More open trade could add another $540 billion to the US economy by 2025, equivalent to $1,600 a year in income per person. 4. Sylvester Systems borrows $110,000 cash on May 15 by signing a 60-day. tax credits, better unemployment benefits, and subsidies for health insurance for all displaced workers regardless Today,80 percent of world tradeis driven by supply chains run by multinational corporations. Trade in intermediate goods is now nearly twice as large as trade in final goods and is especially important in advanced manufacturing, like autos. Globalization in History Globalization has a long history, for example, Ancient Greek . Globalization has increased the number of students studyingabroad.Not everyone says that globalization is good, however. Protectionism in the 2016 Election: Causes and Consequences, Truths and Fictions. E) All of the above. c. Doing business beyond borders is still extremely rare. Congressional Research Service. Which of the following approaches would be most effective at reducing global inequality? C) Cultures are dynamic and always changing. Washington: Peterson Institute for International Economics.Bown, Chad P., and Jennifer A. Hillman. To prevent further escalation, China committed to a phase one deal to expand purchases from the United States in 2020 and 2021, but it is unlikely China will meet its targets, and the deal does not address many concerns, including Chinas industrial subsidies. A) areas in the sphere part of the model impacted most by a culture. government. A) religions are key to understanding the role of women in a culture. The surplus in services suggests the competitive strength of US services in the global market. If a media asset is downloadable, a download button appears in the corner of the media viewer. Miles offiber-opticcable now connect the continents, allowing people around the world to communicate instantly through the borderless World Wide Web.CommunicationModerncommunicationhas played a large role in cultural globalization. The protests turned violent. Have the two groups debate the issue. Originally published October 29, 2018Last updated October 24, 2022. C) The spread of cell phones from the upper class to the middle and lower classes. D) the spread of an idea or trait through the physical movement of people from one place For example, they may stop chargingtariffs, or taxes, on imports. Videos by Daniel Housch National Geographic Headquarters Globalization increases global . A) folk culture populations are usually small. E) none of the above. 2018. E) none of the above. In large cities, people with the same culture often live in segregated areas called C) Traditional medicines. New York: Macmillan. Migrant workers from the Philippines, for instance, may travel to Europe, Australia, or North America to find better-paying jobs.People do not travel just for work, of course. Each year, millions of people move from one country to another in search of work. Bown, Chad P. 2022. A) The spread of baseball to Japan. 2016. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. Trade Balances and the NAFTA Renegotiation. A) Tokyo, New York, and London. Many of them also face lower earnings or have dropped out of the workforce. His administration negotiated the US-Mexico-Canada Agreement (USMCA) to replace NAFTA; the agreement entered into force in 2020. In 2009, representatives from 170 countries gathered at a conference in Copenhagen, Denmark, to discuss climate change. D) bridal tithe. Transcribed image text: . Globalization promotes interconnection among diverse national economies. Freund, Caroline. The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. C) influence of a culture stays the same the further one travels from the core. A) The spread of English language to British colonies. Washington: Peterson Institute for International Economics. All the Above : Threats to Folk Culture By Katie Hurst and Eva Winsheimer Loss of Traditional Values Media is a Threat to Traditional Values Pop Culture is the type of culture is in large heterogeneous societies that share certain habits despite diff. Broader domestic policies can also help workers adapt to the continuously changing job market, such as access Accessed on October 4, 2018. C) restaurant chains. Any interactives on this page can only be played while you are visiting our website. a. skills. A) marriage tax. Divided We Stand: Why Inequality Keeps Rising. A) sequent occupance. Exports are goods and services that are sold to individuals or companies outside of their country of origin. B) influence of a culture decreases the further one travels from the core. C) Western Europe. Working Paper 17-12. A) urban areas. Peterson Institute for International Economics. E) Native Americans. The History of an Idea. A culture keeps its own cultural ideas from other cultures. Which of the following is NOT considered a good strategy for developing intercultural communication? A) clothing. the cultural landscape, this is known as National and regionalcostumes have become rarer as globalization has increased. A) Hawaii. E) the belief that ones own culture is superior to all others. US Air Force Globalization has resulted in fewer connections among countries. The global market still has great potential for the US economy. In general, younger people are more supportive of free trade, as most have never known a world without the current system. Bown, Chad P., and Melina Kolb. 1997. cultural globalization, phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. Terms of Service| Globalization results in the expansion of international cultural, economic, and political activities. Factories in the county of Lancashire, England, created madras cloth. Wages have also stagnated, though economists are still debating the exact causes. Experts are tested by Chegg as specialists in their subject area. Which of the following is an example of hierarchical diffusion? E) all of the above. Bergsten, C. Fred. Competition from abroad drives US firms to improve their products. How do folk cultures perceive their environment? The government may enact taxes on imports (called tariffs), limits on the quantity of imports (called quotas), subsidies to domestic industries, or other regulations. In other words, the con of cultural globalization is that there may develop one world culture (an Americanized world) rather than cultural diversity. 5. those who adopt new ideas just before the average member of a social system, those who are reluctant to adopt until most others do so, those who are the last to adopt an innovation, insisting on using ones own cultural rules. OECD Publishing. safety net programs. Trade and Investment Policy Watch (September 5). The idea was to create a better world with countries seeking to cooperate with one another to promote prosperity and peace. Because US firms often beat international competitors at supplying high-skill serviceslike engineering, legal, consulting, research, management, and information technologyworkers in these fields have benefited the most from globalization. place to another. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. 2003-2023 Chegg Inc. All rights reserved. C) dowry. Material aspects of culture include B) French Quebec. US Marine Corps A) Cultural assimilation. For most U.S. workers, real wages have barely budged in decades. B) Jews. B) Fourth of July. US Bureau of Labor Statistics. historically high levels, but fewer people are needed to achieve this success. D) globalization. PIIE Policy Brief 18-5. D) Ethnicities are based on physical characteristics, race is based on culture. Washington: Peterson Institute for International Economics. The Institute discloses all sources of funding, which comes through donations and grants from corporations, individuals, private foundations, and public institutions, as well as income on the Institutes capital fund and from publishing revenues. In 2002, theInternational Criminal Courtwas established. With anyone in the world now a text, click, call, or plane flight away, 95 percent of potential customers for goods and services are outside the United States, ready to buy goods and services from other countries if US producers are barred from their markets. The audio, illustrations, photos, and videos are credited beneath the media asset, except for promotional images, which generally link to another page that contains the media credit. Geneva: World Trade Organization. Laws protecting the environment and workers safety are less widespread in developing countries, which also lowers costs for the corporation. According to the Core-Domain-Sphere model C) rural areas of the South and Midwest. Washington. All of the following are characteristics of folk cultures except Nearly All US Trade Deals Were Negotiated, Signed, and Implemented by Republicans. There are ongoing efforts started in December 2017 by the European Union, United States, and Japan to negotiate new rules that would potentially be embedded within the WTO. The global economy allows us to eat the foods we want all year round andbuyclothing and gadgets at lower prices. Sometimes, migrant workers travel many thousands of miles. B) the spread of an underlying principle or idea. Washington: Peterson Institute for International Economics. individuals and their communities. The Rights Holder for media is the person or group credited. 2017. In 1994, the United States, Mexico, and Canada signed theNorth American Free Trade Agreement (NAFTA), which eventually ended all tariffs on trade goods between the three nations. Each multiple choice question has five possible answers. This guide uses the term more narrowly to refer to international trade and some of the investment flows among advanced economies, mostly focusing on the United States. What is the term for a group of people who identify with their cultural and PIIE Policy Brief 18-12. Globalization is the movement and integration of goods and people among different countries. Distribute the worksheet and have students research globalization. Have students debate globalization. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. B) the belief that Westerners are superior to African and Asian cultures. . Washington: Peterson Institute for International Economics. The idea of maintaining international law has also grown. D) the internet. Bown, Chad P. 2021. Eventually, madras cloth was no longer manufactured in Madras at allthe Indianlabor forcesupplied the raw material, cotton. National Geographic Society is a 501 (c)(3) organization. Divide the class into two groups: students who focused on pros and students who focused on cons. Consumers must be responsible to a triple bottom line of economic value, social progress, and environmental health. E) Vancouver, BC. Which of the following statements best describes cultural hybridization? 74) Which statement best describes intuition? Not surprisingly, polls vary widely depending on how and when the question is posed. Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. E) All of the above. Number of U.S. workers employed by foreign-owned companies is on the rise. Payosova, Tetyana, Gary Clyde Hufbauer, and Jeffrey J. Schott. The Peterson Institute for International Economics is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. Trade and Investment Policy Watch (January 18). Which of the following statements best describes laggards, according to the diffusion of innovations theory? This lists the logos of programs or partners of, Yale University: Yale Center for the Study of Globalization, Standard 3: Allocation of Goods and Services, choose and support one side of the debate, Tech Setup: 1 computer per learner, Speakers. A) the area served by a Walmart. But the term gained popularity after the Cold War in the . Studies show that globalization has also diminished US worker bargaining leverage to demand higher wages. 4. McDonalds in Japan features a green-tea flavored milkshake. They can also find resources at the school library or a local library. Trade has been a global force for less poverty and higher incomes. Geography, Human Geography, Social Studies, World History. C) Snowboarding. Trade, Innovation, and Economic Growth [pdf]. Hufbauer, Gary Clyde, and Euijin Jung. C) are available locally. 2016. Recent US Manufacturing Employment: The Exception that Proves the Rule. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. more dominant culture. Calculate the average number of mosquitoes that a bat consumes in a 30 -second interval. PIIE Policy Brief 16-20. C) Many younger people like to be near cultural amenities in the city. Step 1) Answer: The statement that best describe the trends in globalization of markets is option d. Unable to increase markets domestically, most of the companies look in expanding their markets in other places of the world. 2017. Toward that goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. Cultural diffusion is C) Nationality. There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. PIIE Policy Brief 17-23. B) belief systems. B) Some ethnicities are comprised of people from several different races. D) forces women to bear children. Promote global environmental sustainability. D) Calgary, AB. Hendrix, Cullen S. 2016. PIIE Working Paper 17-10. Please refer to the appropriate style manual or other sources if you have any questions. D) television and other media. B) an area of great cultural diversity. Washington: Peterson Institute for International Economics. The facilities of a Holiday Inn hotel, for instance, are very similar, whether the location is Bangor, Maine, or Bangkok, Thailand.Travel and tourism have made people more familiar with other cultures. In most parts of the world, professionals such as bankers wear suits, and jeans and T-shirts are common for young people.There has also been an increasing exchange of foods across the globe. 2017. If possible, have students watch the National Geographic film Illicit: The Dark Trade. achieve solutions on national security, immigration, and the environment, Weakens rules-based trading system that the United States and much of the world relies on to keep foreign Engaging in a trade war, with escalating tit-for-tat tariffs, Violating WTO rules or circumventing established processes, Imposing tariffs to save US manufacturing jobs at specific companies, Restricting imports from specific countries to try to reduce bilateral trade deficits, The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers, The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf], Number of U.S. workers employed by foreign-owned companies is on the rise. Learn how these five dimensions: ethnoscapes, mediascapes, technoscapes, financescapes, and. E) religion. B) Traditional housing. But a 2016 Bloomberg poll asked, Do you think US trade policy should have more restrictions on imported foreign goods to protect American jobs, or have fewer restrictions to enable American consumers to have the most choices and the lowest prices?" Mathieu, Edouard, Hannah Ritchie, Lucas Rods-Guirao, Cameron Appel, Charlie Giattino, Joe Hasell, Bobbie Macdonald, Saloni Dattani, Diana Beltekian, Esteban Ortiz-Ospina and Max Roser. Some saw it as "threatening traditional institutions such as the family and the school", or threatening the way of life of whole communities. B) the spread of an underlying principle or idea. E) None of the above, Examples of non-material aspects of culture include all of the following except Washington: Peterson Institute for International Economics. But within many countries, including the United States, inequality is rising. Globalization has led to increases in standards of living around the world, but not all of its effects are positive for everyone. More job training and education is needed to prepare workers for these jobs. . These practices discriminate against not only Americans but also US allies.
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