There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations. C) folk cultures have a homogeneous population. inflation down, Can put the United States at a disadvantage since other countries continue to strike their own deals with each other that This is the process by which a less dominant culture adopts some of the traits of a INNOVATION Group of answer choices. All of the following are characteristics of folk cultures except Washington: Peterson Institute for International Economics. Globalization only connects people in developed countries. Ensure that every country provides its citizens fair political representation. Associated Press/Abe Fox Globalization is the movement and integration of goods and people among different countries. 7. Congressional Research Service. B) an area of great cultural diversity. A) The Rocky Mountain Region. A) Race. A) Italians in southern New England. 2018. How do folk cultures perceive their environment? Globalization has made Gogol immediately comfortable with American culture. The greatest areas of job growth now in the United States are in professional and business services, health care and social assistance, and educational services. It's Fun to Discuss the USMCAthe New NAFTA. Please refer to the appropriate style manual or other sources if you have any questions. E) Borderland region. C) The Bible Belt. Which of the following cultural traits is important to Americans? Globalization has increased the number of students studyingabroad.Not everyone says that globalization is good, however. D) are responsible for housework and child rearing. Vox (August 11). What is the probability that a bat consumes four mosquitoes in a 30 -second interval? Lovely, Mary E., and Yang Liang. Washington: Urban Institute. 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. 2017. D) a lack of exposure to popular culture. Hufbauer, Gary Clyde, and Euijin Jung. That being said, some workers have directly benefited from expanding global commerce, while others have not. A) the rapid and widespread diffusion of a characteristic throughout the population. connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. A) are selected for the recyclable properties. The Trump administration pushed for more power to impose tariffs. Washington: Peterson Institute for International Economics. 2017. Many products and services have become affordable to the average American through the coordination of production across countries. 2001. Globalization has led to both a growing interconnectedness and a rise in xenophobia. C) they want to preserve their traditional cultures. C) they want to preserve their traditional cultures. But not until the 19th century did global integration take off. Which of the following describes globalization of pop culture? Countries gather at the 1944 Bretton Woods conference. The global economy has yielded enormous economic gains for the United States, but problems undoubtedly remain. The E) an area where two cultures merge into a single culture. A) the rapid and widespread diffusion of a characteristic throughout the population. Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. Furman, Jason. C) the isolation of a culture from the rest of the world. Adjustment and Income Distribution Impacts of the Trans-Pacific Partnership. the cultural landscape, this is known as Bown, Chad P. 2022. Have students debate globalization. While every effort has been made to follow citation style rules, there may be some discrepancies. Westernization began with traders, colonizers, and . As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.Globalization in HistoryGlobalization has a long history, for example, Ancient Greek culture was spread across much of southwestern Asia, northern Africa, and southern Europe. 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. Lawrence, Robert Z., and Tyler Moran. Ltd. Get a Britannica Premium subscription and gain access to exclusive content. Expanded trade spurs the spread of technology, innovation, and the communication of ideas. You cannot download interactives. People are able to move and communicate easily in order to have smooth business internationally through globalization.. D) Thai cuisine. New York: Macmillan. OECD Publishing. through education, training, job search assistance, and other active labor market programs. Washington: Peterson Institute for International Economics. This chart shows how FDI has grown steadily while the growth of portfolio holdings (foreign equity or foreign debt) and other assets (which are E) a culture realm. 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. As pointed out by Swedish anthropologist Ulf Hannerz, this group advocates a view of global culture based not on the replication of uniformity but on the organization of diversity. Often promoting this view are nongovernmental organizations (NGOs) that lead efforts to preserve cultural traditions in the developing world. 2. Text on this page is printable and can be used according to our Terms of Service. 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 E) Detroit and Nashville. TravelIncreased internationaltravelhas also increased globalization. Trump Tariffs Primarily Hit Multinational Supply Chains, Harm US Technology Competitiveness. Peterson Institute for International Economics. Inequality is widening. 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. Globalization is an elimination of barriers to trade, communication, and cultural exchange. Have the two groups debate the issue. Global Trade in Services: Fear, Facts, and Offshoring. East Asia Forum (October 3). D) Migrant diffusion. A) the suburbs. Trade and Investment Policy Watch (December 2). Free trade and the rule of law were mainstays of the system, helping to prevent most economic disputes from escalating into larger conflicts. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. For information on user permissions, please read our Terms of Service. This Pew Research poll finds more support than not for free trade agreements. D) South Florida. B) The South. Pew Research Center (September 26). Newport, Frank. 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. 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. D) television and other media. PIIE Working Paper 19-17. Have students decide what they think about globalization. Kletzer, Lori G., and Robert E. Litan. It is a process by which people, nations, and companies interact actively in the international stage. Many are most comfortable with goods and services that resemble what they have at home. The Post-American World Economy: Globalization in the Trump Era. US-China phase one tracker: Chinas purchases of US goods. E) marital gift. Named after the Swiss town that began hosting annual meetings of the World Economic Forum in 1971, these Davos insiders share common beliefs about individualism, democracy, and market economics. B) migrants. PBS News Hour (November 21). Pushing aside legal roadblocks, workers have begun construction work on what is being called America's largest lithium mine, a project backed by the Biden administration but opposed by leftist . C) Eastern Ontario-Western Quebec. Many buildings were damaged. A Cultural transition zone is E) All of the above. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. Edited by Madona Devasahayam, Helen Hillebrand, and Steven R. Weisman Goods are physical, produced items traded between countries, like corn, machinery parts, or chemicals. B. E) All of the above. B) Step migration. Globalization. Globalization puts pressure on nations to reduce tariffs, subsidies and other barriers to free trade. Initiative on Global Markets. 2016. E) the belief that ones own culture is superior to all others. A. Prospects for Economic Reform and Medium-Term Growth in the United States. They can also find resources at the school library or a local library. This activity targets the following skills: The resources are also available at the top of the page. C. Improve women's access to education and literacy. In 2009, representatives from 170 countries gathered at a conference in Copenhagen, Denmark, to discuss climate change. C) Ottawa, ON. Nearly All US Trade Deals Were Negotiated, Signed, and Implemented by Republicans. Not enough has been done to help those who have lost out from trade competition. Note: Trade expansion refers to the effects caused by additional manufactured imports and exports. Trade and Investment Policy Watch (May 8). D) the spread of an idea or trait through the physical movement of people from one place If you have questions about licensing content on this page, please contact ngimagecollection@natgeo.com for more information and to obtain a license. Wandner, Stephen A. 2017. Larger markets enable companies to reach more customers and get a higher return on the fixed costs of doing business, like building factories or conducting research. Which of the following statements best describes the primary effect of globalization? B) influence of a culture decreases the further one travels from the core. E) Japanese capitalism. They are exposed to new ideas, which may influence how they vote. C) Nationality. PIIE Policy Brief 17-23. schools which have a reputation for being bad. US Trade Agenda Requires Greater Focus on Social Concerns. Trade and Investment Policy Watch (January 18). Donors do not influence the conclusions or policy implications drawn from Institute research. People often practice their folk customs instead of pop culture because But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. The global market still has great potential for the US economy. A) Traditional music. Today, news and information zips instantly around the world on theinternet. Washington: Peterson Institute for International Economics. Trade and Investment Policy Watch (August 30). WTO'ing a Resolution to the China Subsidy Problem. 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 safety net programs. Why, After 200 Years, Cant Economists Sell Free Trade? Globalization is the word used to describe the growing interdependence of the worlds economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Advertisement Advertisement C) culture hearth. nonfarm, nongovernment employment. A consensus of scholarly work holds that globalization has contributed marginally to rising US wage inequality, putting this factor at 10 to 20 percent. D) an area around the boundary between two culture regions that exhibits traits This chart shows how yearly US transactions grew over time as the global economy and financial system became increasingly E) All of the above. National Aeronautics and Space Administration Exports are goods and services that are sold to individuals or companies outside of their country of origin. A) sequent occupance. C) Race and ethnicity are interchangeable concepts. Globalization has very little impact on culture. areas? Statement before the US Senate Committee on Finance hearing "Current and Proposed Tariff Actions Administered by the Department of Commerce," June 20, 2018. 2017. North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. Before 2016, Republicans generally favored US trade deals and Democrats generally voted against them. The Truth about Trade Agreementsand Why We Need Them. WTO/Jay Louvion, Studio Casagrande. Which of the following statements best describes cultural hybridization? D) the belief that one's own ethnic group is superior to others. Editor of. Washington: Peterson Institute for International Economics. In this way, globalization influences trade, taste, and culture.Popular CulturePopular culture has also become more globalized. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. E) all of the above. Number of U.S. workers employed by foreign-owned companies is on the rise. Moran, Theodore H., and Lindsay Oldenski. . 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. Washington: Peterson Institute for International Economics. Cultural diffusion is A) folk culture populations are usually small. US-China Trade War Tariffs: An Up-to-Date Chart. A) Tex-Mex cuisine. 2017. A culture overcomes a threat to its own by strengthening its own cultural image. Many big Chinese companies have close ties with the government, and certain practices have skewed the playing field in trade. (October 27). place to another. 2015. A payment of money or goods from the family of a bride to the grooms father is Washington: Peterson Institute for International Economics. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. Learn how these five dimensions: ethnoscapes, mediascapes, technoscapes, financescapes, and. Multiple-choice. D) The spread of Wal-Mart from Arkansas to the rest of the United States. 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. Scholars in many disciplines challenged this notion of cultural . C) sports. C.Globalization has resulted in fewer connections among countries. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. Which is an example of a folk cultural landscape in the United States? US Government Is Worst at Reducing Inequality of All High-Income OECD Countries. Factories in the county of Lancashire, England, created madras cloth. Distribute the worksheet and have students research globalization. Trade in intermediate goods is now nearly twice as large as trade in final goods and is especially important in advanced manufacturing, like autos. E) all of the above, A patriarchal society is one that E) Transculturation. D) skyscrapers. Ghose, Ajit K. 2004. Employment Projections. B) strip malls. 2. E) All of the above. E) All of the above. National Geographic Society is a 501 (c)(3) organization. Three Ways to Reduce a Trade Deficit. About 70 percent of the people in the world usecell phones. Which statement concerning the globalization of Western culture is true? A. C) Hispanics. Such policies could reduce worker anxiety about job turnover across the board, whether it be from Competition from abroad drives US firms to improve their products. If a media asset is downloadable, a download button appears in the corner of the media viewer. B) the spread of culture traits from one group to another. Promotes free trade. D) the spread of an idea or trait through the physical movement of people from one place The trade war with China illustrates how globalization has become so widely entrenched in the US and world economies that undoing its complicated web of activities risks other damaging consequences. Speech given at the Brookings Institution, April 8. Kim Hulse, National Geographic Society Code of Ethics| They will best know the preferred format. For more information, see Increased Trade: A Key to Improving Productivity. Kirkegaard, Jacob Funk. 2013. 2 See answers Advertisement A new cultural form that combines elements of other cultures. 2018. A widely cited study [pdf] shows that between 1991 and 2007, lower-wage manufacturing workers within industries that faced import competition experienced large and lasting earnings losses, while higher-wage workers in these industries did not. .ng-c-sponsor-logo { Trade and Globalization. Join our community of educators and receive the latest information on National Geographic's resources for you and your students. Aid agencies can respond more quickly to a natural disaster. Experts are tested by Chegg as specialists in their subject area. B) New York, London, and Paris. 2020SAGE Publications SAGE Publications India Pvt. A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. In reality, it has been very difficult for many of these workers to transition, with lasting effects on C) Acadians in Louisiana. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. When you reach out to him or her, you will need the page title, URL, and the date you accessed the resource. 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. A) relocation diffusion. Laws protecting the environment and workers safety are less widespread in developing countries, which also lowers costs for the corporation. Which of the following statements best describes the primary effect of globalization? They also pay better, do more research and development, export more, and invest more than the average US firm. PIIE Charts (August 16). Globalization results in the expansion of international cultural, economic, and political activities. Globalization is the connection of different parts of the world. 2018. 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. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. They get their spice from chili peppers. D) Los Angeles and Detroit. height: 60px; Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. Economists look at the effects of globalization across the entire economy to weigh the pros vs. cons. Some GOP congressional members spoke out against Trump on certain trade issues (see example) or drafted bills to limit his authority on tariffs. C) The spread of AIDS from Africa to Europe. 2017. Having students debate both sides of an issue builds their critical thinking and problem-solving skills. E) none of the above. To ensure full site functionality, please use an alternative web browser or upgrade your version of Internet Explorer. US Army On the other hand, during times of unrest, dependence on outsidenations,in a global economy,may seem scary. Cultural globalization is the spread of the culture, customs, or ideas of a place or a people to the rest of the world. 2. trade or other bigger factors. Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). Globalization results in the expansion of international cultural, economic, and political activities. It entered the World Trade Organization in 2001 and undertook many reforms, cutting tariffs and other trade barriers. skills. What process contributes to the existence and growth of ethnic enclaves in urban 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. African-Americans predominately live in Globalization has forced changes on Gogol's family that he accepts , but thathis parents resist . Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. Which two cities in the United States often serve as hearths for popular culture? OECD (Organization for Economic Cooperation and Development). Hendrix, Cullen S. 2016. Keynes, Soumaya, and Chad P. Bown. 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. E) none of the above. Have students write about globalization. Published online at OurWorldInData.org (accessed on October 24, 2022). In an ideal world, displaced workers from trade competition could find new jobs, sometimes by moving or gaining new PIIE Policy Brief 18-12. The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. Freund, Caroline. Bergsten, C. Fred. Interview given at the Peterson Institute for International Economics, May 25. D) Asian-Americans. 2021 Peterson Institute for International Economics. Because of this,economic downturns in one country are repeated in other countries. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Hull, Cordell. B) Southern Florida. DECLINE IN INEQUALITY GLOBALLY, BUT WIDER WITHIN UNITED STATES D) are symbolic in nature. 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. 30 seconds. 2017. Washington: Peterson Institute for International Economics. B) trans-national corporations. E) all of the above. government. Washington: Peterson Institute for International Economics. The process. A) have fewer legal rights than men. c. What is the probability that a bat does not consume any mosquitoes in a 30 -second interval? C) the spread of an idea from persons of power to other persons. E) all of the above. B) French Quebec. How do Americans feel about globalization? Washington, DC 20036, Careers| Globalization increases global wealth and improves economic development. B) Folk cultures believe that nature exists to enrich them. This chart shows the collapse of financial inflows to South Korea during two periods, the 199798 Asian Based on their research, tell students to select the arguments that they believe are most valid. They are generally held by or owed to firms, banks and other financial institutions, or governments. E) folk cultures eat mostly foods that locally available. Here are some of the crucial areas that economists have proposed the United States should focus on, as outlined in many studies at the Peterson Institute and other policy organizations. The area of origin of a culture is called from both cultures. to another. For information on user permissions, please read our Terms of Service. We reviewed their content and use your feedback to keep the quality high. Washington: Peterson Institute for International Economics. 5. National Archives and Records Administration In previous pieces, we looked at some winners and losers of economic globalization, the environmental aspect of globalization, cultural globalization and digital globalization. Protectionism in the 2016 Election: Causes and Consequences, Truths and Fictions.