Globalization Overview

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Questions and Answers

What are the three main aspects that define globalization?

Globalization is defined as a phenomenon, a process, and a philosophy.

How would life in Calgary have differed 120 years ago without globalization?

Life would have involved limited communication, primarily local products, and minimal interaction with people outside the community.

What are some driving forces behind globalization?

The main driving forces of globalization include trade, transportation, and communication.

In what way can purchasing decisions affect individuals globally?

A purchasing decision in one part of the world can directly impact someone on the other side of the world. Signup and view all the answers

What is the philosophy of globalization?

The philosophy of globalization advocates for the integration of economies and governments, promoting a unified global community. Signup and view all the answers

What are the potential negative impacts of globalization on local businesses?

Globalization can lead to a small number of companies dominating the market, limiting the success of local businesses. Signup and view all the answers

In what way has globalization contributed to the exploitation of the Earth's resources?

Increased trade and demand for cheaper goods have accelerated the depletion of natural resources. Signup and view all the answers

How does globalization provide opportunities for cultural interaction?

Globalization allows people to access and engage with diverse cultures, ideas, and practices from around the world. Signup and view all the answers

What is the stance of hyper-globalists towards globalization?

Hyper-globalists overwhelmingly support globalization and advocate for its rapid expansion. Signup and view all the answers

What are the possible adverse consequences of increased cultural contact due to globalization?

Increased cultural contact can lead to the rapid spread of diseases and crises, making disasters less localized. Signup and view all the answers

What two key advantages does globalization provide regarding trade?

Globalization allows access to goods that cannot be produced locally and expands customer bases beyond national borders. Signup and view all the answers

How has technology impacted transportation in the context of globalization?

Technology has made it easier for goods and people to move through advancements in cargo ships, airplanes, trains, and trucks. Signup and view all the answers

In what ways has communication technology changed due to globalization?

Communication technology has revolutionized the way people connect and share ideas instantly, no matter the distance. Signup and view all the answers

What are some negative effects of globalization on jobs in developed countries?

Globalization can lead to job losses in developed countries as companies export jobs to take advantage of lower labor costs in developing nations. Signup and view all the answers

How has globalization affected the quality and wages of jobs in developing countries?

While globalization has created jobs in developing countries, these positions often come with lower quality and wages compared to those in developed countries. Signup and view all the answers

How does globalization contribute to the affordability of goods worldwide?

Globalization has enabled mass production and distribution, resulting in a wide variety of goods becoming extremely affordable for consumers. Signup and view all the answers

Can globalization help protect human rights, and if so, how?

Yes, globalization can help protect human rights by raising awareness and creating frameworks to defend against abuses. Signup and view all the answers

What is a significant challenge that globalization poses to poorer countries?

A significant challenge is the exploitation of labor, as companies take advantage of poorer labor laws and working conditions. Signup and view all the answers

Study Notes

Globalization

Globalization is a process integrating regional economies, societies, and cultures through a global network of communication, transportation, and trade.
In 1915, half of all families lived on farms, implying work was typically a short walk away. City dwellers often lived close to factories, allowing them to walk to work.
Before globalization, communication was limited, and people largely purchased local products. There was little contact with people outside of local communities.
Globalization is a phenomenon, process, and philosophy.
Globalization has dramatically changed human interactions and social structures.
Decisions in one part of the world can directly impact people on the other side of the globe.
A belief exists that global economies and governments should be integrated into a single global community.
Globalization's methods include evolving trade, transportation, and communication strategies.
Forces driving increased global connections include trade, transportation (cargo ships, airplanes, trains, semi-trucks), and technology/media (instantaneous communication).
Globalization has allowed societies access to goods not locally produced and customers beyond national borders.
Globalization has resulted in the spread of Western values and culture globally.
Examples of global integration include the iPhone supply chain, where components from various countries are assembled in another, and the interconnectedness of global economies.
Globalization has facilitated the easy exchange of goods throughout the world, an outcome of trade liberalization.

Threats to Globalization

Significant 21st-century changes have weakened global connections.
Conflict has led to severed relationships and "friendshoring" (moving trade to allied nations with similar values).
Nationalism is causing some to reject global connections in favor of stronger national identities.
Examples include the US/Russia conflict.
The COVID-19 pandemic disrupted global supply chains and limited travel.

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Description

This quiz covers the concept of globalization, examining how it integrates regional economies, cultures, and societies through communication, transportation, and trade. It also explores the historical context of globalization, its impact on human interactions, and the belief in a unified global community. Assess your understanding of this significant phenomenon.