SCALED UP BUSINESSES called a C) Syncretism. 2016. A) Montreal, QC. What is the term for a group of people who identify with their cultural and Many multinational companies with famous brands are now controlled by global enterprises. Bradford, Scott C., Paul L. E. Grieco, and Gary Clyde Hufbauer. Which cultural phenomenon below is not an example of syncretism? A) A race often has a single homeland, an ethnicity is usually scattered across the world. The percent of US jobs in manufacturing has steadily declined since the 1940s, before the rise of China, NAFTA, E) Navajo hogans. Ghose, Ajit K. 2004. Oldenski, Lindsay, and Theodore H. Moran. B) Nordic skiing . A) Southwest USA-Northern Mexico. Chapter 2 [pdf] of The United States and the World Economy: Foreign Economic Policy for the NextDecade. Russia's war on Ukraine: A sanctions timeline. Wandner, Stephen A. C. Globalization improves cultural awareness by enabling the exchange of ideas and. In reality, it has been very difficult for many of these workers to transition, with lasting effects on Popular culture is rapidly diffused around the world by through education, training, job search assistance, and other active labor market programs. This activity targets the following skills: The resources are also available at the top of the page. Which example is not an ethnic region of North America? Globalization has very little impact on culture. Washington, DC 20036, Careers| Will the Liberal Order Survive? US Census 2021. 2017. That being said, some workers have directly benefited from expanding global commerce, while others have not. Many were injured in confrontations with police. How to Fix Economic Inequality? C) Ghana. Ask them to brainstorm what some pros and cons may be, and write them on the board. E) All of the above. 2018. More open trade could add another $540 billion to the US economy by 2025, equivalent to $1,600 a year in income per person. Associated Press/Abe Fox The concept of empathy is associated with many important aspects of in intercultural communication behabiour. B) Pueblo communities in New Mexico C) the spread of an idea from persons of power to other persons. OECD Publishing. Trade expert Gary Clyde Hufbauer points out that the national income gains Globalization encourages each country to specialize in what it produces best using the least amount of resources, known as comparative advantage. A) favors females over males D) the spread of an idea or trait through the physical movement of people from one Nye Jr., Joseph S. 2017. The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf]. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. trade or other bigger factors. TravelIncreased internationaltravelhas also increased globalization. If a student blindly guesses the answer to every question, what is the probability that the student will correctly answer all six questions? B) Winnipeg, MB. Moran, Theodore H., and Lindsay Oldenski. D) urban areas in California. The Brexit agreement: An economic guide for the perplexed. People are able to move and communicate easily in order to have smooth business internationally through globalization.. 2016. 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. Globalization is growing less important as time passes. E) none of the above. The wide-ranging effects of globalization are complex and politically charged. biological history? Thefinancial crisisthat began in the United States in 2006 quickly spread around the world. Globalization is an elimination of barriers to trade, communication, and cultural exchange. Washington: Peterson Institute for International Economics. All of the choices. 2003-2023 Chegg Inc. All rights reserved. skills. Technology firms have taken special advantage of their innovations this way. Bartley Johns, Marcus, Paul Brenton, Massimiliano Cali, Mombert Hoppe, and Roberta Piermartini. Hierarchical diffusion is B) the spread of an underlying principle or idea. A) Cultural diffusion. American industrial production is at A) are selected for the recyclable properties. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. Edited by Madona Devasahayam, Helen Hillebrand, and Steven R. Weisman Group of answer choices. 2017. Which three cities in the world often serve as hearths for popular culture? WTO'ing a Resolution to the China Subsidy Problem. 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. How Not to Mobilize Against China. Most of these internationaltourists are from developed countries. to another. Washington: Peterson Institute for International Economics. Before 2016, Republicans generally favored US trade deals and Democrats generally voted against them. E) all of the above. Globalization moves jobs and capital to places that need these resources. Which of the following is not an ethnic concentration in North America? All rights reserved. 2016. Which of the following areas would be considered a cultural transition zone? View the full answer. E) an area where two cultures merge into a single culture. In 2002, theInternational Criminal Courtwas established. These practices discriminate against not only Americans but also US allies. D) an area around the boundary between two culture regions that exhibits traits This is the process by which a less dominant culture adopts some of the traits of a Lets Talk Development (February 2). Globalization is the connection of different parts of the world. Globalization has brought changes to Gogol's family that they are learning to like . Please refer to the appropriate style manual or other sources if you have any questions. A) Memorial Day. Foreign direct investment (FDI) involves establishing ownership or controlling interest of a business in another country. Hufbauer, Gary Clyde, and Euijin Jung. World Trade Organization largely composed of bank loans) has been more volatile. US Tire Tariffs: Saving Few Jobs at High Cost. Some saw it as "threatening traditional institutions such as the family and the school", or threatening the way of life of whole communities. D) Los Angeles, Berlin, and Tokyo. Make sure students back up any statements with factual information from reliable resources. A) American news organizations, such as CNN. D) South Florida. National Aeronautics and Space Administration D) The spread of Roman Catholicism to Latin America. PIIE Policy Brief 01-2. Globalization has forced changes on Gogol's family that he accepts , but thathis parents resist . BETTER QUALITY AND VARIETY Kletzer, Lori G., and Robert E. Litan. Buy American Is Bad for Taxpayers and Worse for Exports. The United States has done the least among advanced economies to mobilize government policies to reduce inequality. because consumers are spending a smaller percent of their incomes on manufactured goods and more on services, which include housing, health care, dining out, travel, and legal services. A) Latin America. The global economy is innately tied to trade; it allows countries around the world to obtain any resource they may want, whether or not it is produced on the home front. E) All of the above. D) Folk cultures have great reverence for their environment. (Total US foreign assets in Desilver, Drew. View the full answer. B) the belief that Westerners are superior to African and Asian cultures. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. C) they want to preserve their traditional cultures. 2016. B) the South and northern US Cities. connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. Employment in service industries has grown from about half to 84 percent of all b. Number of U.S. workers employed by foreign-owned companies is on the rise. B) Some ethnicities are comprised of people from several different races. E) all of the above. D) religious beliefs are reflected in most aspects of culture. A. 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. Students research, analyze, and debate the pros and cons of globalization. Senate of Berlin B) New York, London, and Paris. Program. A payment of money or goods from the family of a bride to the grooms father is 2016. This Pew Research poll finds more support than not for free trade agreements. Published online at OurWorldInData.org (accessed on November 7, 2018). The lower-wage workers may have lacked the skills and mobility to transition to other lines of work, whereas higher-wage workers relocated to companies outside manufacturing. . Which statement concerning the globalization of Western culture is true? IGM Forum (March 12). Which of the following is not an example of expansion diffusion? E) All of the above. Washington: Peterson Institute for International Economics. Wages are stagnant, as health care and higher education costs rise. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. A) African-Americans. Trade and Investment Policy Watch (December 2). C) The spread of AIDS to the United States. A culture overcomes a threat to its own by strengthening its own cultural image. A Prescription to Relieve Worker Anxiety. 2020SAGE Publications SAGE Publications India Pvt. C) sports. Washington: Peterson Institute for International Economics. US administrations have taken different approaches to deal with these concerns. PIIE Policy Brief 18-5. 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. The second thing is that any form of globalization will generate winners and losers. Trade and Globalization. Which of the following areas is not considered a cultural realm? globalization is a term that is used to refer to the increased interdependence among nations. Visit piie.com to learn more. D) Salt Box homes in New England. Which of the following approaches would be most effective at reducing global inequality? Written by Melina Kolb Ask students to record the information they find on the worksheet. 2011. 2 See answers Advertisement 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. PIIE Charts (March 16). They also say that outsourcing has causedwealthycountries to lose too many jobs. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. Washington: Peterson Institute of International Economics. In fact, there are cities named for Alexander in Iraq (Iskandariya), Egypt (Alexandria), and Turkey (Alexandria Troas).TheSilk Road, atrade routebetween China and the Mediterranean, promoted the exchange of ideas and knowledge, along with trade goods and foods such as silk, spices, porcelain, and other treasures from the East.When Europeans beganestablishing colonies overseas, globalization grew. C) Hispanics. Global Trade in Services: Fear, Facts, and Offshoring. schools which have a reputation for being bad. Bigger factors than trade that drive job displacements are labor-saving technologies, like automated machines and artificial intelligence. Immigration is the process of moving to a new country or region with the intention of staying and living there. Recent US Manufacturing Employment: The Exception that Proves the Rule. 1997. Washington: Peterson Institute for International Economics. Study with Quizlet and memorize flashcards containing terms like Which statement about globalization is true? Kirkegaard, Jacob Funk. Federal Reserve Bank of Chicago. Washington. D) religious beliefs are reflected in most aspects of culture. 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 Rights Holder for media is the person or group credited. 2017. Updates? Globalization refers to the shrinking of the world political,economic and social structures into one village. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. Below is a list of various protectionist actions and their economic, diplomatic, and national security risks. 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. Library of Congress Based on their research, tell students to select the arguments that they believe are most valid. E) All of the above. Going It Alone in the Asia-Pacific: Regional Trade Agreements Without the United States. Trade Balances and the NAFTA Renegotiation. D) Stimulus diffusion. C.Globalization has resulted in fewer connections among countries. 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. D) It is better than analysis in decision-making. 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. Stimulus diffusion is 2. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. PIIE Briefing 18-1. is an aspect of cultural globalization and refers to the reduction in cultural diversity . D) the belief that one's own ethnic group is superior to others. 74) Which statement best describes intuition? Why do many recent college graduates prefer to move into city neighborhoods 2017. B) The spread of drive-through windows from fast food restaurants to liquor stores. dominant culture so completely that the two cultures become indistinguishable. D) globalization. A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. Globalization has led to increases in standards of living around the world, but not all of its effects are positive for everyone. Public Comment on Trump Administration Report on Significant Trade Deficits. }. Washington: Peterson Institute for International Economics. The protests turned violent. Published online at OurWorldInData.org (accessed on October 24, 2022). Assistance (TAA), though it only helps workers directly impacted by trade and the amounts paid are limited. Donors do not influence the conclusions or policy implications drawn from Institute research. Beijing retaliated with its own tariffs on US goods, escalating into a trade war. Geography, Human Geography, Social Studies, World History. They can also find resources at the school library or a local library. inflation down, Can put the United States at a disadvantage since other countries continue to strike their own deals with each other that E) traditions. The area of origin of a culture is called The fiery chili pepper is native to the Western Hemisphere. C) American TV shows. Currently, there is government support through a program called Trade Adjustment C) the broadcast area of a radio station. B) Ethnicity. Washington: Peterson Institute for International Economics. In 2018, the Trump administration started imposing tariffs on China citing a variety of reasons, including helping American manufacturing, countering forced technology transfers, and reducing Chinas large bilateral trade surplus in goods. In previous pieces, we looked at some winners and losers of economic globalization, the environmental aspect of globalization, cultural globalization and digital globalization. The persistence of local culture. This was not the case before the 1600s. of the cause. Material aspects of culture include Scholars in many disciplines challenged this notion of cultural . Schott, Jeffrey J., and Melina Kolb. B) are often imported from distant countries. Studies show that globalization has also diminished US worker bargaining leverage to demand higher wages. 2017. A) religions are key to understanding the role of women in a culture. more dominant culture. 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. D) foods. Washington: Peterson Institute for International Economics. A) the idea that your own culture is superior to others. D) skyscrapers. In this context, liberal refers to more free or open trade. They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home. D) the area know as the "South". Which of the following is an example of stimulus diffusion? integrated but dropped dramatically during the global financial crisis of 200809. C) Snowboarding. For information on user permissions, please read our Terms of Service. But within many countries, including the United States, inequality is rising. E) religion. C) London, Paris, and Los Angeles. Separate from trade in goods and services, global financial integration is a much-debated but important topic. A Survey of Experts, Section 301: US investigates allegations of forced technology transfers to China, Will the Liberal Order Survive? Statement before the US Senate Committee on Finance hearing "Current and Proposed Tariff Actions Administered by the Department of Commerce," June 20, 2018. The corporation can pay lower wages, because thestandard of livingin less developed countries is much lower. 2018. The institutions established include: MORE GOODS AT LOWER PRICES Globalization has brought McDonalds to billions of consumers worldwide. 30 seconds. from both cultures. A farmer in Nigeria can easily talk to his cousin who moved to New York, New York. It is a process by which people, nations, and companies interact actively in the international stage. Find step-by-step World history solutions and your answer to the following textbook question: Which statement best describes how globalization is affecting the world? Misconceptions on the Campaign Trail: US Manufacturing. D) are symbolic in nature. B. A geographic assemblage of related culture regions is Join our community of educators and receive the latest information on National Geographic's resources for you and your students. Which of the following statements best describes the primary effect of globalization? Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. The success of global newsnetworks like CNN have also contributed to globalization. PIIE Charts. 2017. E) None of the above. The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. The world is becoming more globalized and connected. C) influence of a culture stays the same the further one travels from the core. National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. A) Cultural assimilation. C) Acadians in Louisiana. People all over the world have access to the same news 24 hours a day. Globalization has led to both a growing interconnectedness and a rise in xenophobia. A) Culture is the traditions and beliefs of a group of people. Some people worry that Western culture will destroy local cultures around the world. PIIE Charts (August 16). D. Globalization Increases interactions and interdependence between places., What type of precipitation is associated . C) Hierarchical diffusion. D) The Gulf Coast. Trade and Investment Policy Watch (May 8). Petri, Peter A., Michael G. Plummer, Shujiro Urata, and Fan Zhai. Underlying these various visions of globalization is a reluctance to define exactly what is meant by the term culture.During most of the 20th century, anthropologists defined culture as a shared set of beliefs, customs, and ideas that held people together in recognizable, self-identified groups. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. 1. 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. People often practice their folk customs instead of pop culture because Kim Hulse, National Geographic Society rather than to suburban developments? Omissions? A new cultural form that combines elements of other cultures. National Geographic Society is a 501 (c)(3) organization. Another global subgroup comprises cosmopolitans who nurture an intellectual appreciation for local cultures. C) restaurant chains. Westernization began with traders, colonizers, and . PBS News Hour (November 21). E) Japanese capitalism. 2015. By the beginning of the 21st century, institutions such as Cultural Survival were operating on a world scale, drawing attention to indigenous groups who are encouraged to perceive themselves as first peoplesa new global designation emphasizing common experiences of exploitation among indigenous inhabitants of all lands. E) none of the above. their jobs to import competition. A) the area served by a Walmart. RealTime Economics (March 14). D) Calgary, AB. There are 8 types of Globalization: Social globalization Technological globalization Financial globalization Economic globalization Political globalization Cultural globalization Ecological globalization Sociological globalization Through these 8 aspects, we can see how our world is becoming more integrated on many different levels. E. Globalization increases global inequality. When you reach out to them, you will need the page title, URL, and the date you accessed the resource. Washington: Peterson Institute for International Economics. A. C) culture hearth. A) Hawaii. E) the belief that ones own culture is superior to all others. When you reach out to him or her, you will need the page title, URL, and the date you accessed the resource. They fear that everyone will end up eating hamburgers and watching Hollywood movies. Christopher Columbus first brought chilies to Europe in 1493, and from there they spread across Asia. Has Global Trade Fueled US Wage Inequality? The government may enact taxes on imports (called tariffs), limits on the quantity of imports (called quotas), subsidies to domestic industries, or other regulations. A) urban areas. The Trump administration pushed for more power to impose tariffs. The same is true, by comparison with local averages, of US firms that invest abroad. Globalization results in the expansion of international cultural, economic, and political activities. C) Cultures are dynamic and always changing. Clashing over Commerce. Get a Britannica Premium subscription and gain access to exclusive content. A culture learns or adopts a new idea or practice from another culture or cultures. American soap operas are popular in Israel.India, for instance, has a thriving film industry, nicknamed Bollywood. Bollywood movies are popular both in India and with the huge population of Indians living abroad. Here is a quick summary. Posen, Adam S. 2018. If no button appears, you cannot download or save the media. Which of the following statements best describes the dialectics of globalization? When businesses want to manufacture their products at a cheaper rate, they employ the services from developing countries which is possible in countries such as China and Cambodia, where manufacturing costs and . This concept makes production more efficient, promotes economic growth, and lowers prices of goods and services, making them more affordable especially for lower-income households. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Prospects for Economic Reform and Medium-Term Growth in the United States. E) Greeks in the Mississippi Valley. Steel and Aluminum Tariffs. 2016 were $26 trillion, equal to 140 percent of US GDP. B) trans-national corporations. B) Southern Florida. B) Some ethnicities are comprised of people from several different races. C) folk cultures have a homogeneous population. Jensen, J. Bradford. Many companies usedraw materials from distant lands. 2017. The History of an Idea. Distribute the worksheet and have students research globalization. C) an area where one cultural boundary abruptly ends and another begins. Which of the following statements best describes cultural hybridization? An agent for a residential real estate company in a suburb located outside of Washington, DC, has the business objective of developing more accurate estimates of the monthly rental cost for apartments. Lawrence, Robert Z. Washington: Peterson Institute for International Economics. Washington. In this way, globalization encourages countries around the world to provide typical Western services. Globalization means the integration of the economy into the world's economy. B) migrants. Freund, Caroline. Today, foods in Korea and many parts of China are often spicy. Freund, Caroline. B) Step migration. Trade and Investment Policy Watch (March 6). The patterns of cultural globalization is a way of spreading theories and ideas from one place to another. Globalization in History Globalization has a long history, for example, Ancient Greek . Folk culture is often seen in which of the following traits? Bown, Chad P. 2016. PIIE Working Paper 16-5. How do Americans feel about globalization? US-China phase one tracker: Chinas purchases of US goods. Many are most comfortable with goods and services that resemble what they have at home. Trade Talks Episode 57 (October 5). There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. 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?" Stokes, Bruce. C) Midwest. opened up to trade. 3. . Another common concern was the impact of globalization on culture and identity. The surplus in services suggests the competitive strength of US services in the global market. Hendrix, Cullen S. 2016. Peterson Institute for International Economics. Bialik, Kristen. Expanding on the concept of Davos culture, sociologist Peter L. Berger observed that the globalization of Euro-American academic agendas and lifestyles has created a worldwide faculty cluban international network of people who share similar values, attitudes, and research goals. A Cultural transition zone is These resources will help to teach middle school students more about the global economy and the central role trade plays. PIIE Policy Brief 12-9. If a media asset is downloadable, a download button appears in the corner of the media viewer. Hufbauer, Gary Clyde. Coronavirus (COVID-19) Vaccinations. Chapter 7 of US-China Economic Relations: From Conflict to Solutions. markets open and settle disputes, Causes more lost jobs than they create as other countries retaliate, With global supply chains dominating world trade, it is difficult to hit another country Manufacturing employment share has also declined Hufbauer, Gary Clyde, and Sean Lowry. SOLUTION:- 1:- The correct option is :B Explanation: Global. There are abuses within the system and rules need to be updated. Initiative on Global Markets. Washington: Peterson Institute for International Economics. D) landscape progression. the cultural landscape, this is known as is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Dueto globalization and other factors, it isimpossible for large industrialized nations toexit the global economy without devastating effects. About 70 percent of the people in the world usecell phones. government.
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