Questions and Answers
What is globalization?
What does capitalism mean?
An economic and political system controlled by private owners for profit
What does economic globalization refer to?
Political globalization refers to the intensification and expansion of _______ across the globe.
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Information technology has not played a role in globalization.
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What is social globalization?
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Which ideology advocates for a consumerist, neoliberal, free-market world?
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Ideologies are powerful systems of widely shared _______ and patterned beliefs.
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Study Notes
Globalization Defined
- Process of interaction and integration among people, corporations, and governments across nations.
- Driven by international trade, investment, and enhanced by information technology.
- Creates social, economic, cultural, and political connections globally.
- Perceived positively by some, while others criticize it for exploiting poorer cultures and promoting westernization.
Capitalism Defined
- Economic and political system where trade and industry are controlled by private owners for profit.
- Individuals have the freedom to choose jobs, income levels, and property ownership.
- Criticized for increasing wealth disparity between the rich and the poor.
Economic Lens
- Economic globalization entails intensifying economic connections worldwide.
- Digital technology facilitates vast capital flows, stimulating trade in goods and services.
- Markets have expanded into cyberspace, linking national and regional economies.
- Organizations like APEC and EU are central to the global economic framework.
- Political decisions drive deeper global economic interconnections.
Political Lens
- Political globalization involves growing political interrelations globally.
- There is skepticism towards the direction of globalization towards cosmopolitan democracy.
Technological Lens
- Technological advancements significantly impacted globalization, notably through the internet.
- Development in communication technology, including mobile phones and GPS satellites, has transformed global communication.
- Transportation innovations emphasize affordability, comfort, speed, and environmental considerations.
- The internet connects billions, enhancing global interconnectedness.
Social Lens
- Globalization leads to increased production, development, and communication integration across nations.
- Divided into economic, political, and social categories, with the former two often driving social changes.
- Social globalization reflects interaction within cultural communities, impacting family, religion, work, and education.
- Evident in shared social trends and cultural phenomena, such as global consumer brands and fashion trends.
- Characterized by the distribution of ideas and beliefs, sometimes leading to conflicts between regional and global affiliations.
Ideological Lens - Internet
- Examines the ideologies underpinning globalization, including market globalism, justice globalism, and religious globalisms.
- Market globalism supports a neoliberal, consumer-oriented worldview but may exacerbate inequality.
- Justice globalism advocates for a fairer global civil society, pushing back against market globalist views.
- Religious globalisms aim for a unifying global religious community, prioritizing spiritual over secular structures.
Ideological Lens - Book
- Ideologies are shared belief systems shaping societal norms and truths.
- Help organize complex human experiences, influencing perspectives on globalization.
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Description
This quiz provides key definitions and concepts related to globalization. It covers the processes of interaction and integration among nations, emphasizing the role of trade, investment, and technology. Perfect for preparation ahead of your midterm exam, these flashcards will enhance your understanding of global connections.
