View the full answer. They can also find resources at the school library or a local library. A) the fear of outsiders. If time allows, have groups swap positions after the debate. A) Italians in southern New England. Have students write a bulleted list of information that supports the views they selected. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. B) the spread of an underlying principle or idea. or the WTO, mainly because technology has made it easier to produce goods. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. Other advanced economies have generally increased the size of government programs as they D) foods. Manual work is increasingly being automated, lowering demand for workers. D) globalization. 2003-2023 Chegg Inc. All rights reserved. Washington: Peterson Institute for International Economics. SOLUTION:- 1:- The correct option is :B Explanation: Global . Washington: Peterson Institute for International Economics. A) New York and Chicago. C) sports. These include FDI, securities (which are bought and sold), and debts. D) South Florida. The government may enact taxes on imports (called tariffs), limits on the quantity of imports (called quotas), subsidies to domestic industries, or other regulations. Sustainability Policy| 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. areas? Tariffs remain elevated under President Joseph R. Biden Jr., as of mid-2021. US Army E) the belief that ones own culture is superior to all others. 2016. C) folk cultures have a homogeneous population. Globalization. Have students decide what they think about globalization. All rights reserved. Trade and Investment Policy Watch (August 30). Protectionism is the term for government restrictions on international trade aimed at blocking foreign products and driving companies and consumers to purchase domestically produced goods and services. Text on this page is printable and can be used according to our Terms of Service. The area of origin of a culture is called Having students debate both sides of an issue builds their critical thinking and problem-solving skills. An example of a popular culture holiday that has transcended its folk culture roots is That being said, some workers have directly benefited from expanding global commerce, while others have not. Lawrence, Robert Z. 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. D) folk cultures must use local materials when building. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. C) Syncretism. C) Hierarchical diffusion. The best example of cultural integration (where all elements of society are interwoven, The idea that cultures will modify the natural landscape to fit their needs is known as. Not enough has been done to help those who have lost out from trade competition. Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. Five Reasons Why the Focus on Trade Deficits Is Misleading. Due to modern means of communication and transportation, the world is unified. PIIE Charts (March 16). Powerful PeppersFood has long been an important part of globalization. The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf]. C) It should be coupled with analysis in decision-making. This chart shows how yearly US transactions grew over time as the global economy and financial system became increasingly Washington: Peterson Institute for International Economics. Trade and Investment Policy Watch (November 6). DECLINE IN INEQUALITY GLOBALLY, BUT WIDER WITHIN UNITED STATES Foreign Affairs (March/April). They write new content and verify and edit content received from contributors. D) New England. Have students write about globalization. Many countries have large international financial flows or investments, consisting of assets and liabilities. Total manufacturing job separations from Job Openings and Labor Turnover Survey, Bureau of Labor Statistics. Such policies could reduce worker anxiety about job turnover across the board, whether it be from D) Nation. 2013. National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. C) Many younger people like to be near cultural amenities in the city. B) influence of a culture decreases the further one travels from the core. Foreign direct investment (FDI) involves establishing ownership or controlling interest of a business in another country. Number of U.S. workers employed by foreign-owned companies is on the rise. E) none of the above. Bown, Chad P. 2021. Globalization has forced Gogol to reject Indian culture. 9. People often practice their folk customs instead of pop culture because Trade has been a global force for less poverty and higher incomes. Text on this page is printable and can be used according to our Terms of Service. E) All of the above. C) the spread of an idea from persons of power to other persons. Globalization is an inevitable development which cannot be resisted or significantly influenced by human intervention. D) Kenya. Published online at OurWorldInData.org (accessed on November 7, 2018). A leading explanation for rising US inequality [pdf] is that technology is reducing demand for certain low- and middle-wage workers and increasing demand for high-skilled, higher-paid workers. Countries are growing less likely to trade with one another. E) cultural progression. PIIE Policy Brief 01-2. Ivory Tower Economists, Free Trade, and Workplace Woes. 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. Introduce globalization. People all over the world have access to the same news 24 hours a day. 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. Not surprisingly, polls vary widely depending on how and when the question is posed. 2017. B) Nordic skiing . The wide-ranging effects of globalization are complex and politically charged. PIIE Charts (August 16). A culture overcomes a threat to its own by strengthening its own cultural image. PIIE Policy Brief 16-5. nonfarm, nongovernment employment. And the reality is that the problems people face today go far beyond the effects of globalization. D) The spread of Roman Catholicism to Latin America. Hierarchical diffusion is A) folk culture populations are usually small. 30 seconds. C) Traditional medicines. Another group stems from the rise of a transnational workforce. 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. Washington: Peterson Institute for International Economics. B) an area of great cultural diversity. B) Some ethnicities are comprised of people from several different races. Washington: Peterson Institute for International Economics. D) Traditional dress. View the full answer. D) are symbolic in nature. 2017. Which example is not an ethnic region of North America? 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. Oldenski, Lindsay, and Theodore H. Moran. 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. Coronavirus (COVID-19) Vaccinations. Which is an example of a folk cultural landscape in the United States? B) Anglo America. Editor of. B) Folk cultures believe that nature exists to enrich them. This is the process by which a less dominant culture adopts the traits of a more The best ideas from market leaders spread more easily. SOLUTION:- 1:- The correct option is :B Explanation: Global. to another. Cambridge Journal of Economics Volume 28, Issue 2 (March): 22952. C) a culture hearth. Which of the following aspects is associated with empathy? Make sure students back up any statements with factual information from reliable resources. Instead of sacrificing trade gains, many economists recommend domestic policies like wage insurance, expanded National Geographic Headquarters Through globalization, people may become aware of incidents very quickly. E) uniform landscapes. E) Navajo hogans. A culture keeps its own cultural ideas from other cultures. In an ideal world, displaced workers from trade competition could find new jobs, sometimes by moving or gaining new E) all of the above. B) belief systems. Some saw it as "threatening traditional institutions such as the family and the school", or threatening the way of life of whole communities. 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. Reserves are international assets held by the US The success of global newsnetworks like CNN have also contributed to globalization. Which of the following is not an ethnic concentration in North America? Code of Ethics| C) Cultural integration. Which of the following concepts is part of the mindfulness dimension of intercultural communication competence? Prepare the entries to record (a) issuance of the note and (b) payment of the note at maturity. Answer to Solved 3. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. B) strip malls. Although market borders are blurring, it is still easy to determine the nationality of companies. 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. B) The spread of laptop computers from the upper class to the middle class. B) Some ethnicities are comprised of people from several different races. B) the circulation of a daily newspaper. A culture overcomes a threat to its own by strengthening its own cultural image. tax credits, better unemployment benefits, and subsidies for health insurance for all displaced workers regardless 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. Washington: Peterson Institute for International Economics. For example, they may stop chargingtariffs, or taxes, on imports. B) the South and northern US Cities. Total US liabilities to foreigners were $34 trillion in Explain to students that globalization, in its simplest form, means a more connected world. . North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. Folk culture is often seen in which of the following traits? Which of the following statements best describes the primary effect of globalization? Washington: Peterson Institute for International Economics. 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. She or he will best know the preferred format. Washington: Peterson Institute for International Economics. 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. A) Latin America. Below is a list of various protectionist actions and their economic, diplomatic, and national security risks. D) values. Before 2016, Republicans generally favored US trade deals and Democrats generally voted against them. If no button appears, you cannot download or save the media. D) the spread of an idea or trait through the physical movement of people from one place achieve solutions on national security, immigration, and the environment, Weakens rules-based trading system that the United States and much of the world relies on to keep foreign And How Has the Global Economy Shaped the United States? Hufbauer, Gary Clyde, and Euijin Jung. * (2 Points) causes threats to folk culture causes environmental impacts creates uniform landscapes all of the above. Here is a quick summary. Peddling Protectionism. C. Globalization makes national identity irrelevant. China, India, and Brazil dropped their rates to enter the World Trade Organization (WTO). A) Folk cultures perceive the environment as a hostile place. D) Chain migration. Published online at OurWorldInData.org (accessed on October 24, 2022). C) restaurant chains. A trade surplus is the opposite, when earnings from exports top spending on imports. All rights reserved. D) the internet. B) the belief that Westerners are superior to African and Asian cultures. Senator Orrin Hatch Argues Against Auto Tariffs. more dominant culture. A Cultural transition zone is C) the belief that ones own religion is superior to others. A) Traditional music. E) marital gift. Inequality is widening. Freund, Caroline. Which of the following statements best describes the primary effect of globalization? The History of an Idea. 5. Which of the following is an example of hierarchical diffusion? US Census Consumers have better products and more choices as a result. financial crisis and the global financial crisis of 200809, especially in other liabilities like bank loans. b. E) all of the above. E) Tanzania. US Air Force McDonalds in Japan features a green-tea flavored milkshake. And people all across the world are eating more meat and sugary foods, like those sold in fast food restaurants.The worldwide expansion of McDonalds has become a symbol 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. Program. 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. Although homogenizing influences do indeed exist, they are far from creating anything akin to a single world culture.
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