Globalization: Impact on Conflict and Development

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Questions and Answers

Which of the following is a consequence of increased globalization related to environmental degradation?

Increased biodiversity

Sustainable resource management

Reduction in pollution

Greenhouse gas emissions (correct)

Cultural homogenization refers to the blending of distinct cultures into a more uniform culture.

True

What is one potential consequence of financial globalization that affects housing markets?

Risk of downturn in housing prices

Globalization can lead to the exploitation of labor in poorer countries, taking advantage of their ______ and resources.

labor Signup and view all the answers

Match the following terms related to globalization with their definitions:

Income Inequality = Disparity in wealth distribution among populations Environmental Degradation = Deterioration of the environment through depletion of resources Cultural Homogenization = Loss of cultural diversity and identity Exploitation of Labor = Taking unfair advantage of workers' conditions Signup and view all the answers

Which of the following is a disadvantage of globalization related to income inequality?

Disproportionate growth within and between nations Signup and view all the answers

Environmental degradation is often worsened by the increased competition brought by globalization.

True Signup and view all the answers

What is one potential national security concern related to globalization?

Dependency on foreign supply chains Signup and view all the answers

Cultural __________ can occur as globalization spreads similar consumer products and lifestyles across different countries.

homogenization Signup and view all the answers

Match the concern with its description:

Income Inequality = Disparities in wealth distribution among populations Exploitation of Labor = Workers being paid less than fair wages in poor conditions Environmental Degradation = Deterioration of the natural environment due to industrial activity Cultural Homogenization = Loss of distinct cultural identities National Security Concerns = Vulnerabilities arising from reliance on foreign entities Signup and view all the answers

What is a potential consequence of globalization on income inequality?

It can exacerbate income inequality. Signup and view all the answers

Cultural homogenization refers to the preservation of local cultures and traditions.

False Signup and view all the answers

What are common practices that lead to the exploitation of labor in developing countries due to globalization?

Low wages, poor working conditions, and violations of labor rights. Signup and view all the answers

The pursuit of economic growth and increased production can lead to __________.

environmental degradation Signup and view all the answers

Which of the following is a national security concern related to globalization?

Increased vulnerability to cyberattacks Signup and view all the answers

Match the following issues to their descriptions:

Income Inequality = Wage stagnation and job displacement for low-skilled workers Exploitation of Labor = Poor working conditions and low wages in developing countries Environmental Degradation = Strain on natural resources from economic growth Cultural Homogenization = Erosion of local traditions due to global consumer culture Signup and view all the answers

Name one way globalization can contribute to health risks.

Facilitating the spread of diseases across borders. Signup and view all the answers

Greater economic interdependence can lead to a loss of __________ for nations.

sovereignty Signup and view all the answers

Study Notes

Reduced Conflict and Human Development

Economic interdependence through globalization may lower the chances of armed conflict, as nations with strong economic ties prefer cooperation over hostility.
Globalization has the potential to enhance human development by improving access to education, healthcare, and information.

Problems Associated with Globalization

Income Inequality: Globalization can worsen income distribution, benefiting certain individuals and businesses while negatively impacting those in low-skilled jobs or declining sectors, leading to job loss and stagnant wages.
Exploitation of Labor: Multinational corporations may exploit workers in developing countries by offering low wages and inadequate working conditions, violating labor rights.
Environmental Degradation: Economic growth and increased production can lead to overuse of natural resources, causing significant environmental harm.
Cultural Homogenization: Widespread global media and consumer culture may dilute local traditions and cultures.
Loss of Sovereignty: Increased economic ties may cause countries to surrender some sovereignty to international groups and agreements.
Financial Instability: Global financial interconnectedness can lead to crises, as evidenced by the 2008 financial crisis spreading worldwide.
Health Risks: The movement of people and goods can hasten disease spread, as seen during the COVID-19 pandemic, and promote unhealthy diets globally.
National Security Concerns: Global interconnectedness can heighten vulnerability to cyberattacks and terrorism, along with the illicit movement of goods and people.
Environmental Concerns:
- Deforestation and biodiversity loss due to economic specialization.
- Pollution from increased transport of goods.
- Introduction of invasive species from globalization.

Concerns and Issues

The oil market is currently very tight, affecting prices and availability.
Financial globalization poses risks; housing market confidence can mask downturn consequences.
Emerging economies face challenges from capital inflows, requiring sound economic management.
Global backlash against globalization is noted in various regions.

Pros and Cons of Globalization

Pros:
- Expands market access for goods and services.
- Lowers consumer prices.
- Benefits from outsourcing for domestic firms and foreign labor.
- Raises standard of living.
Cons:
- Wealth concentration in affluent countries.
- Some low-income countries may be disadvantaged.
- Potential exploitation of labor and resources in poorer nations.
- Cultural products may become homogenized globally.

Dependency and Crisis Spillover

Dependency on Global Supply Chains: Nations heavily relying on global supply networks are susceptible to disruptions, as seen during the COVID-19 pandemic which caused critical shortages.
Crisis Spillover: Economic or political turmoil can rapidly affect other regions due to global financial and trade networks, exacerbating the impacts.

Advantages of Globalization

Economic growth through increased access to labor, jobs, and resources.
Fosters specialization among nations to enhance productivity.
Promotes global cooperation and understanding, contributing to reduced conflict.
Increases cross-border investment, often bringing technology and expertise.

Benefits for Specific Regions

Increased literacy rates observed due to globalization.
Post-WTO membership, countries like the Philippines have experienced growth in trade and employment opportunities.
Personal remittances in the Philippines reached a record high of $36.14 billion in 2022, reflecting increased global financial ties.

Disadvantages of Globalization

Increased Competition: Tariffs and other barriers may hinder foreign competitors, complicating global market entry.
Disproportionate Growth: Growth may not be evenly distributed across or within nations, leading to inequality.

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Description

This quiz explores the effects of globalization on international relations and human development. It discusses both the positive aspects, such as reduced conflict and improved human development indicators, and the negative consequences like income inequality and environmental degradation.