Globalization Concepts Quiz

Globalization

• Globalization is a process where countries and citizens become increasingly interconnected economically, socially, politically, environmentally, and technologically.
• Assimilation is the absorption of a minority culture by a dominant culture.
• Marginalization is the act of isolating someone from society.
• Alienation is a feeling of separation or detachment from oneself, one's actions, or one's environment.
• Cultural accommodation is a compromise that allows individuals or groups to maintain their own culture, for example, wearing a turban in RCMP.
• Integration is the successful adaptation of an individual or a group to a new society.
• Uniformization is the tendency toward uniformity or resemblance in culture resulting from Globalization.
• Homogenization is the mixing of two or more cultures.
• Monoculture is a globally unified culture.
• Americanization is the act of becoming American.
• Universalization is the broad spreading of ideas, commonly through mass media. An example is a celebrity like Taylor Swift becoming globally recognized.
• Cultural hybridization is mixing different cultures to create new hybrid cultures, such as fusion cuisine or music.
• Cultural revitalization is the process of reviving traditional culture.
• Cultural exchange is the interaction between cultures to share and transmit information.
• Imperialism is the policy of extending a nation's rule over other territories through military or political means.
• Colonialism is a practice that involves the political, social, economic and cultural domination and control of a territory by another country.

Important Individuals and Concepts

• Adam Smith: Notable for the idea of the "invisible hand" of the market where free markets can be self-regulating.
• Friedrich Hayek: Believed in limited government intervention and free markets.
• John Maynard Keynes: Advocated for government intervention in the economy to stabilize it.
• Karl Marx: Author of the Communist Manifesto, critiqued capitalism and advocated for socialism.
• Bretton Woods Agreement: Key event in establishing post-war financial stability and the role of international institutions.

International Organizations

• United Nations: Organization advocating for global cooperation, including the protection of human rights.
• IMF: Promotes global financial cooperation.
• World Bank: Assists developing countries around the world.

Other Important Concepts

• Globalization: The process of increasing interconnectedness among countries.
• Cultural exchange: The transfer of ideas, customs, and values between different cultures.
• Economic globalization: The increasing integration of national economies into a global, interconnected system.
• Technological globalization: The spread of technology across borders, connecting people and cultures globally.
• Political globalization: The development of global institutions and frameworks to regulate international relations.
• Environmental globalization: Concerns shared among countries and stakeholders about the preservation of the environment and sustainability.
• Cultural appropriation: The adoption by one culture of elements of another in a way that may be perceived as offensive, or exploiting a culture.