Which of the following concepts best describes a product which carry cultural values, and many products that are seen to represent a culture? Advanced medicines are more easily and widely available to people who may not have been able to afford them. Globalization is the movement and integration of goods and people among different countries. Any interactives on this page can only be played while you are visiting our website. Washington: Peterson Institute for International Economics. Wages are stagnant, as health care and higher education costs rise. Kim Hulse, National Geographic Society Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. Many were injured in confrontations with police. C) they want to preserve their traditional cultures. 2018. Globalization is driven by international trade and aided by information technology. Inequality is widening. Jensen, J. Bradford. B) The spread of English to the British Colonies. In general, younger people are more supportive of free trade, as most have never known a world without the current system. place to another. Other advanced economies have generally increased the size of government programs as they Revenga, Ana, and Anabel Gonzlez. E) Transculturation. E) folk cultures eat mostly foods that locally available. C) dowry. PIIE Charts (July 26). Tariffs remain elevated under President Joseph R. Biden Jr., as of mid-2021. Which of the following is not an example of expansion diffusion? Payosova, Tetyana, Gary Clyde Hufbauer, and Jeffrey J. Schott. D) Thai cuisine. Additional research by Anjali Bhatt, Cathleen Cimino-Isaacs, and Zhiyao (Lucy) Lu US Army Powerful PeppersFood has long been an important part of globalization. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. Many are most comfortable with goods and services that resemble what they have at home. Globalization results in the expansion of international cultural, economic, and political activities. This chart shows how yearly US transactions grew over time as the global economy and financial system became increasingly In fact, some Bollywood movies do much better in the United States or the United Kingdom than they do in India.Clothing styles have also become more uniform as a result of globalization. 2018. C) the spread of an idea from persons of power to other persons. Studying religions is important to understanding a culture because C) Ghana. Washington: Peterson Institute for International Economics. US-China phase one tracker: Chinas purchases of US goods. What Is Globalization and What Are Its Effects? - ThoughtCo B) Ethnicity. Working Paper 17-12. 2017. Trade Balances and the NAFTA Renegotiation. Nevertheless, a Peterson Institute study finds 156,250 US manufacturing jobs were lost on net each year between 2001 and 2016 from expanded trade in manufactured goods, which represents less than 1 percent of the workers laid off in a typical year.1 Low-wage workers in certain regions are most affected. You cannot download interactives. RealTime Economic Issues Watch (April 11). Washington: Peterson Institute for International Economics. E) sub-Saharan Africa. Program. And How Has the Global Economy Shaped the United States? A) sequent occupance. C) the isolation of a culture from the rest of the world. 2. E) cultural progression. Students investigate conflicts over the use of wind energy in Nantucket Sound, take on the role of a stakeholder in the debate, and hold a town council meeting to decide whether or not a wind energy project should be implemented. University of Chicago Booth School of Business. It gives rich countries access to lower cost resources and labor and poorer countries access to jobs and the investment funds they need for development. Trade in intermediate goods is now nearly twice as large as trade in final goods and is especially important in advanced manufacturing, like autos. their jobs to import competition. Terms of Service| The persistence of local culture. See how trade helps both sides be more productive. Which of the following contexts best describes such concerns? A) New York and Chicago. The idea was to create a better world with countries seeking to cooperate with one another to promote prosperity and peace. Today,80 percent of world tradeis driven by supply chains run by multinational corporations. Cultural diffusion is . B) Contagious diffusion. How Not to Mobilize Against China. Which statement best describes trends in globalization of markets? East Asia Forum (October 3). A) the rapid and widespread diffusion of a characteristic throughout the population. The Rights Holder for media is the person or group credited. B) Anglo America. Although globalization has affected us economically and politically, it has also affected us socially on a wider scale. Hierarchical diffusion is Washington: Urban Institute. Washington: Peterson Institute of International Economics. William Henry Fox Talbot, Public Domain 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. 2016. Thefinancial crisisthat began in the United States in 2006 quickly spread around the world. New York: United Nations. Which of the following is NOT considered a good strategy for developing intercultural communication? Kletzer, Lori G., and Robert E. Litan. 2017. Text on this page is printable and can be used according to our Terms of Service. This appears, however, to be an overstatement of the phenomenon. 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. This is the process by which a less dominant culture adopts some of the traits of a B) influence of a culture decreases the further one travels from the core. Globalization has brought changes to Gogol's family that they are learning to like . Freund, Caroline. a. Popular Culture is characterized by all of the following except The real reason youre not getting a pay raise. E) none of the above. A) the rapid and widespread diffusion of a characteristic throughout the population. Washington: Peterson Institute for International Economics. Trade, Innovation, and Economic Growth [pdf]. D) Folk cultures have great reverence for their environment. Trade liberalization is the opposite of protectionismwhen countries allow people and businesses to buy and sell across borders with fewer restrictions. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. WTO'ing a Resolution to the China Subsidy Problem. E) all of the above, A patriarchal society is one that How Offshoring and Global Supply Chains Enhance the US Economy. A) the idea that your own culture is superior to others. Trade and Investment Policy Watch (March 6). Contagious diffusion is Globalization is important because it help create employment and more production of goods a result . 3. A) Cultural assimilation. B) Many older urban neighborhoods offer a sense of place. And Beijing routinely subsidizes its industries. called a D) Kenya. Which of the following areas is not considered a cultural realm? New York: Macmillan. A brief history of globalization | World Economic Forum D) religious beliefs are reflected in most aspects of culture. Join our community of educators and receive the latest information on National Geographic's resources for you and your students. According to the Core-Domain-Sphere model C) Log cabins in Appalachia. Globalization refers to the shrinking of the world political,economic and social structures into one village. A) art. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Trade and Investment Policy Watch (May 17). B) The spread of drive-through windows from fast food restaurants to liquor stores. 3. safety net programs. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. a. SOLUTION:- 1:- The correct option is :B Explanation: Global . But the term gained popularity after the Cold War in the . Globalization reduces unique features of local culture and contributes to global cultural homogenization B. Manual work is increasingly being automated, lowering demand for workers. Edited by Madona Devasahayam, Helen Hillebrand, and Steven R. Weisman Washington: Peterson Institute for International Economics. Global inequality and international trade. Globalization and the Benefits of Trade. A) the suburbs. But it still has not completely transformed into a market-oriented economy as its trading partners expected. 2018. 2017. In seconds, people are able to respond tonatural disasters that happen thousands of miles away.Many people access information through improved and new technology, such as cell phones. Globalization offers greater equality for developing countries but has also diminished cultural diversity. A) have fewer legal rights than men. C) Traditional medicines. A. Bialik, Kristen. Some GOP congressional members spoke out against Trump on certain trade issues (see example) or drafted bills to limit his authority on tariffs. E) none of the above. tax credits, better unemployment benefits, and subsidies for health insurance for all displaced workers regardless D) landscape progression. All of the following are characteristics of folk cultures except What is globalization anyway? | World Economic Forum * (2 Points) causes threats to folk culture causes environmental impacts creates uniform landscapes all of the above. The definition of cultural globalization is the process through which the values, ideas, and experiences of a specific culture are transmitted and disseminated across the world. Reuters/Daniel Acker, Russell Boyce, Marcos Brindicci, Larry Chan, Kevork Djansezian, Regis Duvignau, Gary Hershorn, Leah Millis, Charles Platiau, John Sommers II, and Piroschka van de Wouw A) the area served by a Walmart. OECD Publishing. US-China Trade War Tariffs: An Up-to-Date Chart. 2017. Globalization increases global wealth and improves economic development. Culture is spread by B) housing. Which statement concerning the globalization of Western culture is true? place to another. National Geographic Society is a 501 (c)(3) organization.
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