B) Some ethnicities are comprised of people from several different races. The correct answer is 2: The world is becoming more globalized and connected. View the full answer. A) trans-national corporations. C) Snowboarding. E) folk cultures eat mostly foods that locally available. Washington: Peterson Institute for International Economics. 2016. Washington: Peterson Institute for International Economics. Having students debate both sides of an issue builds their critical thinking and problem-solving skills. This feature was first published on October 29, 2018 and last updated on August 24, 2021. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. Which of the following statements best describes cultural hybridization? A) areas in the sphere part of the model impacted most by a culture. B) subsequent occupance. TravelIncreased internationaltravelhas also increased globalization. B) the belief that Westerners are superior to African and Asian cultures. Newport, Frank. a. Ask them to brainstorm what some pros and cons may be, and write them on the board. Washington: Peterson Institute for International Economics. The same is true, by comparison with local averages, of US firms that invest abroad. A) the area served by a Walmart. The protests turned violent. 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? Our editors will review what youve submitted and determine whether to revise the article. Other menu items are specific to that region. Globalization moves jobs and capital to places that need these resources. A) Cultural assimilation. US Marine Corps B) the spread of an underlying principle or idea. 5. Pew Research Center (December 14). Many are most comfortable with goods and services that resemble what they have at home. About 70 percent of the people in the world usecell phones. Preserving Manufacturing Jobs One Company at a Time. Lawrence, Robert Z. Which of the following statements best describes the primary effect of globalization? Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. Which of the following statements best describes cultural hybridization? 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. Initiative on Global Markets. Global Trade in Services: Fear, Facts, and Offshoring. Washington: Peterson Institute for International Economics. Trade in intermediate goods is now nearly twice as large as trade in final goods and is especially important in advanced manufacturing, like autos. C) the spread of an idea from persons of power to other persons. This is the process by which a less dominant culture adopts some of the traits of a 2018. Economists look at the effects of globalization across the entire economy to weigh the pros vs. cons. integrated but dropped dramatically during the global financial crisis of 200809. This is the process by which a less dominant culture adopts the traits of a more 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. B) the circulation of a daily newspaper. 9. Globalization results in the expansion of international cultural, economic, and political activities. B) Winnipeg, MB. C. Globalization improves cultural awareness by enabling the exchange of ideas and. place to another. Trade and Investment Policy Watch (November 6). 1. D. Globalization Increases interactions and interdependence between places., What type of precipitation is associated . In 2002, theInternational Criminal Courtwas established. Text on this page is printable and can be used according to our Terms of Service. Hendrix, Cullen S. 2016. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. PIIE Policy Brief 12-9. Transcribed image text: . largely composed of bank loans) has been more volatile. Battle in SeattleThe 1999 meeting of the World Trade Organization (WTO) was held in Seattle, Washington, United States. B) Acculturation. Globalization in History Globalization has a long history, for example, Ancient Greek . Distribute copies of the worksheet Decision Matrix to each student. Federal Reserve Bank of Chicago. Blinder, Alan. C) Eastern Ontario-Western Quebec. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. D) the spread of an idea or trait through the physical movement of people from one place Additional research by Anjali Bhatt, Cathleen Cimino-Isaacs, and Zhiyao (Lucy) Lu The Rights Holder for media is the person or group credited. C) the isolation of a culture from the rest of the world. 4. Each year, millions of people move from one country to another in search of work. But within many countries, including the United States, inequality is rising. In this way, globalization influences trade, taste, and culture.Popular CulturePopular culture has also become more globalized. 2. B. It does not significantly change the total number of positions in the economy, as job numbers are primarily driven by business cycles and Federal Reserve and fiscal policies. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. Globalization is the connection of different parts of the world. E) uniform landscapes. D) The spread of Wal-Mart from Arkansas to the rest of the United States. Program. 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. D) the spread of an idea or trait through the physical movement of people from one Globalization has led to both a growing interconnectedness and a rise in xenophobia. 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. Washington: Peterson Institute for International Economics. Ltd. 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 Stimulus diffusion is 30 seconds. B) The spread of laptop computers from the upper class to the middle class. (October 27). Millions of people take vacations to foreign countries. An example of a popular culture holiday that has transcended its folk culture roots is E. Encourage governments to make innovative uses of local resources. Bown, Chad P., and Melina Kolb. Which of the following describes globalization of pop culture? Which of the following contexts best describes such concerns? Each multiple choice question has five possible answers. B) Some ethnicities are comprised of people from several different races. Washington: Peterson Institute for International Economics. When you reach out to them, you will need the page title, URL, and the date you accessed the resource. Folk culture is often seen in which of the following traits? E) Navajo hogans. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. The globalization trend eventually waned and crashed in the catastrophe of World War I, followed by postwar protectionism, the Great Depression, and World War II. The real reason youre not getting a pay raise. Washington: Peterson Institute for International Economics. While every effort has been made to follow citation style rules, there may be some discrepancies. C) cultural agglomerations. Published online at OurWorldInData.org (accessed on November 7, 2018). A) Latin America. Material aspects of culture include Trade and Investment Policy Watch (September 5). Corrections? Globalization has led to a decrease in xenophobia and a decrease in face-to-face interaction. 2019. Laws protecting the environment and workers safety are less widespread in developing countries, which also lowers costs for the corporation. Washington: Peterson Institute for International Economics. A) Montreal, QC. 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. C) the broadcast area of a radio station. Globalization is driven by international trade and aided by information technology. Why, After 200 Years, Cant Economists Sell Free Trade? 1. All Institute research is held to strict standards of replicability and academic integrity. C) St. Valentine's Day. globalization is a term that is used to refer to the increased interdependence among nations. Globalization results in the expansion of international cultural, economic, and political activities. D) globalization. Total US liabilities to foreigners were $34 trillion in which countrys government? Realtime Economic Issues Watch (January 21). 2018. Technology firms have taken special advantage of their innovations this way. 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. China bought none of the extra $200 billion of US exports in Trump's trade deal. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar. . Advanced medicines are more easily and widely available to people who may not have been able to afford them. This availability of resources is facilitated through trade. British manufacturers could then sell theirfinished goods, such as clothing and blankets, to buyers all over the worldthe United States, Brazil, Australia, even India.Globalization sped up dramatically in the twentieth century with theproliferationof air travel, the expansion offree trade, and the dawn of theInformation Age. The process. D) skyscrapers. . C) a culture hearth. individuals and their communities. How do Americans feel about globalization? A trade surplus is the opposite, when earnings from exports top spending on imports. 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. A) Folk cultures perceive the environment as a hostile place. B) Contagious diffusion. A. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. Globalization changes the types of jobs available but has little effect on the overall number of jobs in the ever-changing US labor market. Explain to students that globalization, in its simplest form, means a more connected world. Globalization means the integration of the economy into the world's economy. Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. improve their competitiveness, Leads to higher tariffs on US exports, which would dampen sales and hurt US businesses and workers, Jeopardizes role of the United States as a world leader in international cooperation, making it more difficult to C) do not earn the same pay as a man does. A) The suburbs are too bland and boring. This allowed globalization of goods and services, as well as people and ideas, between these three countries.Most largecorporations operate in many countries around the world.HSBC, the worlds largest bank, has offices in 88 different countries. But not until the 19th century did global integration take off. And Beijing routinely subsidizes its industries. Clashing over Commerce. Countries frequently cooperate to enact trade agreements. Trade has been a global force for less poverty and higher incomes. What is the probability that a bat consumes four mosquitoes in a 30 -second interval? 2003-2023 Chegg Inc. All rights reserved. D) The spread of Wal-Mart from Arkansas to the rest of the United States. Learn more about U.S. immigration with this curated resource collection. D. Implement a program designed to increase economic development in impoverished countries. In folk societies, materials used for building homes National Geographic Headquarters The Rights Holder for media is the person or group credited. PIIE Working Paper 17-10. 2017. 2016. Internationaltradeis vital to the economies of most countries around the world. Introducing Intercultural Communication: Global Cultures and Contexts, upgrade your version of Internet Explorer. C) sports. D) are symbolic in nature. government. Which of the following is an example of a formal cultural region? Pew Research Center (August 7). The best ideas from market leaders spread more easily. Although globalization has affected us economically and politically, it has also affected us socially on a wider scale. SCALED UP BUSINESSES Globalization is influenced particularly through traditional political institutions, such as nation-states. C) Folk cultures seek to create a uniform landscape. For more information, see Increased Trade: A Key to Improving Productivity. They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home. E) All of the above. Prospects for Economic Reform and Medium-Term Growth in the United States. Step 2) Explanation: Glo . E) marital gift. B) an area of great cultural diversity. to another. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. E) none of the above. D) Traditional dress. Cultural globalization is the spread of the culture, customs, or ideas of a place or a people to the rest of the world. Which of the following describes globalization of. 2017. B) homogeneous population. Many countries have large international financial flows or investments, consisting of assets and liabilities. 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. A culture overcomes a threat to its own by strengthening its own cultural image. Desilver, Drew. Answer to Solved 3. A) Cultural assimilation. United States spends only a fifth of what other advanced economies spend on average to help people find new jobs The result is a collection of elite groups whose unifying ideals transcend geographical limitations. The Truth about Trade Agreementsand Why We Need Them. Bown, Chad P. 2021. Divided We Stand: Why Inequality Keeps Rising. Today,80 percent of world tradeis driven by supply chains run by multinational corporations. Bown, Chad P. 2021. Trade and Investment Policy Watch (May 8). Have students use the provided websites to conduct their own research and to learn more about the issues in the debate over globalization. Globalization has brought changes to Gogol's family that they are learning to like . Has Global Trade Fueled US Wage Inequality? Chart data collected by Christopher G. Collins and Soyoung Han 1996 - 2023 National Geographic Society. Many early European explorers were eager to bring theChristian religion to the regions they visited. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. 2001. Not enough has been done to help those who have lost out from trade competition. You are using a browser version that is no longer supported by this website and could result in a less-than-optimal experience. B) Southern Florida. Which of the following is NOT considered a good strategy for developing intercultural communication? Revenga, Ana, and Anabel Gonzlez. Inequality is widening. E) None of the above, Examples of non-material aspects of culture include all of the following except A) cultural environment. Editor of. 12%,$110,000 note. E) All of the above. Q. Foreign-owned companies that do business in the United States have hired Americans at a faster rate than US private employers between 2007 and 2015. This court, which handles cases such as war crimes, has a global reach, although not all countries have accepted it.Many problems facing the world today cross national borders, so countries must work together to solve them. OECD (Organization for Economic Cooperation and Development). Washington: Peterson Institute for International Economics. 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. If no button appears, you cannot download or save the media. PIIE Policy Brief 18-12. 2017. D) values. D) Poland. This was not the case before the 1600s. 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. Visit piie.com to learn more. Globalization has helped narrow inequality between the poorest and richest people in the world, with the number living in extreme poverty cut by half since 1990. A culture keeps its own cultural ideas from other cultures. The Peterson Institute for International Economics (PIIE) 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. Broader domestic policies can also help workers adapt to the continuously changing job market, such as access By late 2019, tariffs had increased to around 20 percent and new duties covered over half of exports from each country. 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. B) Many older urban neighborhoods offer a sense of place. In this way, globalization encourages countries around the world to provide typical Western services. 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 Globalization results in the expansion of international cultural, economic, and political activities. C) Midwest. 2020. Currently, there is government support through a program called Trade Adjustment If a media asset is downloadable, a download button appears in the corner of the media viewer. A) Southwest USA-Northern Mexico. 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. This meeting was protested by thousands of people opposed to globalization. D) the innovation of a cultural trait. 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. E) all of the above. A) the rapid and widespread diffusion of a characteristic throughout the population. 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. C) The spread of AIDS to the United States. INNOVATION A geographic assemblage of related culture regions is Many were injured in confrontations with police. Globalization is an inevitable development which cannot be resisted or significantly influenced by human intervention. A) the rapid and widespread diffusion of a characteristic throughout the population. E) All of the above. Globalization only connects people in developed countries. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Alice Manning, National Geographic Society C) New York and Los Angeles. Sometimes, migrant workers travel many thousands of miles. Washington: Peterson Institute for International Economics. A) Hawaii. By sharpening such identities, these NGOs have globalized the movement to preserve indigenous world cultures. 1In 2016, 19.9 million workers [pdf] were laid off or discharged (i.e., involuntary separations). Ask students to record the information they find on the worksheet. C) are available locally. Steel and Aluminum Tariffs. Furman, Jason. The global economy has yielded enormous economic gains for the United States, but problems undoubtedly remain. Have students decide what they think about globalization. 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. Furman, Jason. from both cultures. Here is a quick summary. rather than to suburban developments? 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. EconomyThe internationaleconomyhas also become more globalized in recentdecades. The true statements about globalization offer an advantage to businesses are: Businesses can take advantage of favorable laws, taxes, new forms of technology, and faster technology to make products cheaply. D) a cultural landscape. 2018. Speech given at the Brookings Institution, April 8. The History of an Idea. Today, news and information zips instantly around the world on theinternet. B) The South. C) Many younger people like to be near cultural amenities in the city. Countries are growing less likely to trade with one another. A) a cultural environment. They are generally held by or owed to firms, banks and other financial institutions, or governments. Ensure that every country provides its citizens fair political representation. Based on their research, tell students to select the arguments that they believe are most valid. 2015. Globalization as a new phase has been exaggerated because most economic and social activity is regional, rather than . Efforts to confront problems such as globalclimate changemust involve many different countries. Bown, Chad P. 2022. National Aeronautics and Space Administration E) traditions. 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. C) they want to preserve their traditional cultures. Bialik, Kristen. Which of the following concepts best describes a product which carry cultural values, and many products that are seen to represent a culture? Bown, Chad P. 2016. B) South Africa. Experts are tested by Chegg as specialists in their subject area. In nearly all societies, women Global inequality and international trade. B) Ethnicity. B) grooms gift. d. What is the probability that a bat consumes at least one mosquito in a 30 -second interval? 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. Which of the following statements best describes the primary effect of globalization? 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. Washington: Peterson Institute for International Economics. Globalization has very little impact on culture. 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. areas? Nearly All US Trade Deals Were Negotiated, Signed, and Implemented by Republicans. B) favors males over females According to the Core-Domain-Sphere model A new cultural form that combines elements of other cultures. 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. 2018. Trade and Investment Policy Watch (August 30). The Great Tradeoff: Confronting Moral Conflicts in the Era of Globalization. B) Traditional housing. .ng-c-sponsor-logo { D) Migrant diffusion. The United States has done the least among advanced economies to mobilize government policies to reduce inequality. globalization on culture and identity 68. Before 2016, Republicans generally favored US trade deals and Democrats generally voted against them. The idea of maintaining international law has also grown. For more updates from the Peterson Institute, subscribe to the newsletter. D) folk cultures must use local materials when building. Globalization increases global . Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits. E) an area where two cultures merge into a single culture. They also argue that free trade has lowered prices in wealthier countries and improved the economy of poorer countries. Chicago Fed Letter, No. National Geographic Society is a 501 (c)(3) organization. A) Memorial Day. Which of the following is not an ethnic concentration in North America? B) are often imported from distant countries. Hendrix, Cullen S. 2016. 2017. Many multinational companies with famous brands are now controlled by global enterprises. C) Race and ethnicity are interchangeable concepts. Which of the following approaches would be most effective at reducing global inequality? People all over the world have access to the same news 24 hours a day. So even if you have the perfect, most optimal international trade agreements, there will always be those . JOB CHURN 2016. Washington: Peterson Institute for International Economics. Globalization - a phenomenon that has defined the world's economy in recent decades - is under pressure. 2011. North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. Cimino-Isaacs, Cathleen. d. Washington: Peterson Institute for International Economics. The percent of US jobs in manufacturing has steadily declined since the 1940s, before the rise of China, NAFTA, 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. This chart shows how FDI has grown steadily while the growth of portfolio holdings (foreign equity or foreign debt) and other assets (which are Assistance (TAA), though it only helps workers directly impacted by trade and the amounts paid are limited. They are exposed to new ideas, which may influence how they vote. While not as wealthy or privileged as their Davos counterparts, members of this international faculty club wield tremendous influence through their association with educational institutions worldwide and have been instrumental in promoting feminism, environmentalism, and human rights as global issues. In general, younger people are more supportive of free trade, as most have never known a world without the current system. Relocation diffusion is E) all of the above. the cultural landscape, this is known as A) art. 3. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. B) Nordic skiing . Certain manufacturing and industry workers in specific geographic regions lost out, such as those in furniture, apparel, steel, auto parts, and electrical equipment industries in Tennessee, Michigan, and the mid-Atlantic states. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. Jobs available through globalization have lifted many people out ofpoverty.