People may choose to immigrate for a variety of reasons, such as employment opportunities, to escape a violent conflict, environmental factors, educational purposes, or to reunite with family. Globalization increases global wealth and improves economic development. BETTER QUALITY AND VARIETY This court, which handles cases such as war crimes, has a global reach, although not all countries have accepted it.Many problems facing the world today cross national borders, so countries must work together to solve them. If a media asset is downloadable, a download button appears in the corner of the media viewer. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Better-paying positions have opened up in manufactured exportsespecially in high-tech areas, such as computers, chemicals, and transportation equipmentand other high-skill work, notably in business services, such as finance and real estate (see Jobs section). If possible, have students watch the National Geographic film Illicit: The Dark Trade. The persistence of local culture. Omissions? safety net programs. the cultural landscape, this is known as Global Trade in Services: Fear, Facts, and Offshoring. As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy. Trade and Investment Policy Watch (June 14). Any interactives on this page can only be played while you are visiting our website. All rights reserved. C) the broadcast area of a radio station. B) the belief that Westerners are superior to African and Asian cultures. B) The spread of drive-through windows from fast food restaurants to liquor stores. Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. A) Latin America. Have students debate globalization. A) marriage tax. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. Terms of Service Copyright Notice Privacy PolicyPrivacy Policy. People are able to move and communicate easily in order to have smooth business internationally through globalization.. WTO'ing a Resolution to the China Subsidy Problem. from expanded trade are at least 10 times greater than what is needed to meaningfully assist workers who lose Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. They get their spice from chili peppers. Total US liabilities to foreigners were $34 trillion in B) cannot own land. US Tire Tariffs: Saving Few Jobs at High Cost. Factories in the county of Lancashire, England, created madras cloth. More open trade could add another $540 billion to the US economy by 2025, equivalent to $1,600 a year in income per person. Wage Insurance as a Policy Option in the United States. B) folk cultures are spread hierarchically. Moran, Theodore H., and Lindsay Oldenski. B) homogeneous population. C) Ghana. Nye Jr., Joseph S. 2017. 2013. Has Globalization Gone Too Far? Many are most comfortable with goods and services that resemble what they have at home. C) Hispanics. . Russia's war on Ukraine: A sanctions timeline. Technology firms have taken special advantage of their innovations this way. Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. Washington: Peterson Institute for International Economics. President Trump canceled TPP and threatened withdrawing from NAFTA, the Korea-US Free Trade Agreement (KORUS) (later revised and signed), and the WTO. Find step-by-step World history solutions and your answer to the following textbook question: Which statement best describes how globalization is affecting the world? E) All of the above. Explain to students that globalization, in its simplest form, means a more connected world. Disputes continue on the trade of certain goodswhether items are flooding other markets too much, how industries are being subsidized, lingering protections on specific goods or economic sectors, etc. B) cultural homeland. B) Anglo America. D) the innovation of a cultural trait. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. C) the spread of an idea from persons of power to other persons. This meeting was protested by thousands of people opposed to globalization. 3. Introducing Intercultural Communication: Global Cultures and Contexts, upgrade your version of Internet Explorer. Efforts to confront problems such as globalclimate changemust involve many different countries. They are said to follow a recognizable lifestyle, are instantly identifiable anywhere in the world, and feel more comfortable in each others presence than they do among their less-sophisticated compatriots. The Clashing over Commerce. The History of an Idea. B) Acculturation. This is the process by which a less dominant culture adopts the traits of a more 2020SAGE Publications SAGE Publications India Pvt. All of the following are characteristics of folk cultures except C) Log cabins in Appalachia. 10. A) Italians in southern New England. C) Snowboarding. Through globalization, people may become aware of incidents very quickly. B) the spread of an underlying principle or idea. Chapter 2 [pdf] of The United States and the World Economy: Foreign Economic Policy for the NextDecade. Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. Employment Projections. The series was written ahead of the 2019 Annual Meeting of the World Economic Forum in Davos, which focuses on "Globalization 4.0". B) Hispanics in the Southwest. Which cultural phenomenon below is not an example of syncretism? Kirkegaard, Jacob Funk. RealTime Economic Issues Watch (April 11). Often, this results in lower costs for consumers, too.Economicmarkets are global. Ethnocentrism is Services are business activities conducted between countries, such as tourism, finance, insurance, real estate, science exchanges, professional services, business management, education, health care, arts, entertainment, accommodation, and food services. The Trump administration pushed for more power to impose tariffs. 2016. dominant culture so completely that the two cultures become indistinguishable. Hendrix, Cullen S. 2016. On the other hand, during times of unrest, dependence on outsidenations,in a global economy,may seem scary. C) cultural agglomerations. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.Globalization in HistoryGlobalization has a long history, for example, Ancient Greek culture was spread across much of southwestern Asia, northern Africa, and southern Europe. 3. B) belief systems. Goods are physical, produced items traded between countries, like corn, machinery parts, or chemicals. Global Value Chains and Development: Investment and Value Added Trade in the Global Economy. Foreign Affairs (March/April). Inequality is widening. For example, many software engineers and Internet entrepreneurs who live and work in Silicon Valley, California, maintain homes inand strong social ties toIndian states such as Maharashtra and Punjab. globalization on culture and identity 68. How Offshoring and Global Supply Chains Enhance the US Economy. Each multiple choice question has five possible answers. If a media asset is downloadable, a download button appears in the corner of the media viewer. They also argue that free trade has lowered prices in wealthier countries and improved the economy of poorer countries. Many companies usedraw materials from distant lands. 2016, or 185 percent of GDP.). c. Doing business beyond borders is still extremely rare. North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. Migrant workers from the Philippines, for instance, may travel to Europe, Australia, or North America to find better-paying jobs.People do not travel just for work, of course. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. This chart shows the collapse of financial inflows to South Korea during two periods, the 199798 Asian Kletzer, Lori G., and Robert E. Litan. Trade expert Gary Clyde Hufbauer points out that the national income gains Consumers must be responsible to a triple bottom line of economic value, social progress, and environmental health. Which of the following is NOT considered a good strategy for developing intercultural communication? So even if you have the perfect, most optimal international trade agreements, there will always be those . There are ongoing efforts started in December 2017 by the European Union, United States, and Japan to negotiate new rules that would potentially be embedded within the WTO. A countrys trade balance, either a surplus or deficit, is not affected by tariffs or trade agreements but by larger economic factors, like government spending and monetary policy. US Census In an ideal world, displaced workers from trade competition could find new jobs, sometimes by moving or gaining new Irwin, Douglas A. D) globalization. C) Syncretism. Globalization has lead to greater homogenization and reduced fragmentation. E) All of the above. The global economy allows us to eat the foods we want all year round andbuyclothing and gadgets at lower prices. Rodrik, Dani. Popular Culture is characterized by all of the following except E) Native Americans. 4. All of the following are examples of a functional or nodal region except Today, news and information zips instantly around the world on theinternet. About 70 percent of the people in the world usecell phones. C) do not earn the same pay as a man does. E) Navajo hogans. Explain to students that globalization, in its simplest form, means a more connected world. C) The Bible Belt. Payosova, Tetyana, Gary Clyde Hufbauer, and Jeffrey J. Schott. 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. D) the belief that one's own ethnic group is superior to others. historically high levels, but fewer people are needed to achieve this success. B) French Quebec. Have students write about globalization. US Bureau of Labor Statistics. This appears, however, to be an overstatement of the phenomenon. 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. Which statement BEST summarizes the point made by that example? In most parts of the world, professionals such as bankers wear suits, and jeans and T-shirts are common for young people.There has also been an increasing exchange of foods across the globe. US Marine Corps US-China phase one tracker: Chinas purchases of US goods. C) an area where one cultural boundary abruptly ends and another begins. Christopher Columbus first brought chilies to Europe in 1493, and from there they spread across Asia. Initiative on Global Markets. A Survey of Experts. B) religions do not have any impact on the built landscape. A) favors females over males A pop quiz consists of three truefalse questions and three multiple choice questions. Trade liberalization is the opposite of protectionismwhen countries allow people and businesses to buy and sell across borders with fewer restrictions. Washington: Peterson Institute for International Economics. A) art. 2020. B) are often imported from distant countries. D) Chain migration. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Folk culture is often seen in which of the following traits? Washington, DC 20036, Careers| Bartley Johns, Marcus, Paul Brenton, Massimiliano Cali, Mombert Hoppe, and Roberta Piermartini. Fairbank Professor of Chinese Society and Professor of Anthropology, Harvard University. 9. US Air Force 2017. 2016. 2021 Peterson Institute for International Economics. D) a lack of exposure to popular culture. C. Globalization makes national identity irrelevant. Expanded trade spurs the spread of technology, innovation, and the communication of ideas. 1996 - 2023 National Geographic Society. 2. 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. Public Comment on Trump Administration Report on Significant Trade Deficits. Videos by Daniel Housch INNOVATION Has Global Trade Fueled US Wage Inequality? Washington: Peterson Institute for International Economics. D) the spread of an idea or trait through the physical movement of people from one The Dispute Settlement Crisis in the World Trade Organization: Causes and Cures. C) cultural succession. Newport, Frank. Which of the following is not an example of expansion diffusion? D) Labor Day. C) Western Europe. Written by Melina Kolb Peterson Institute for International Economics. The correct answer is 2: The world is becoming more globalized and connected. Geography, Human Geography, Social Studies, Economics, This lists the logos of programs or partners of NG Education which have provided or contributed the content on this page. PIIE Policy Brief 18-6. 2 See answers Advertisement In other words, the con of cultural globalization is that there may develop one world culture (an Americanized world) rather than cultural diversity. Recent US Manufacturing Employment: The Exception that Proves the Rule. Challenges to national sovereignty and identity, Anti-globalism movements and the Internet, Borrowing and translating popular culture, https://www.britannica.com/science/cultural-globalization, Social Science LibreTexts - Globalization. National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. Gallup (April 1). According to the Core-Domain-Sphere model Hufbauer, Gary Clyde, and Euijin Jung. Engaging in a trade war, with escalating tit-for-tat tariffs, Violating WTO rules or circumventing established processes, Imposing tariffs to save US manufacturing jobs at specific companies, Restricting imports from specific countries to try to reduce bilateral trade deficits, The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers, The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf], Number of U.S. workers employed by foreign-owned companies is on the rise. 2015. Assistance (TAA), though it only helps workers directly impacted by trade and the amounts paid are limited. Learn how these five dimensions: ethnoscapes, mediascapes, technoscapes, financescapes, and. 2011. The percent of US jobs in manufacturing has steadily declined since the 1940s, before the rise of China, NAFTA, United States spends only a fifth of what other advanced economies spend on average to help people find new jobs A) trans-national corporations. D) The spread of Wal-Mart from Arkansas to the rest of the United States. 3. Beijing retaliated with its own tariffs on US goods, escalating into a trade war. E) uniform landscapes. Annual Review of Economics 8: 205240. How to Fix Economic Inequality? B) Some ethnicities are comprised of people from several different races. Ironically, modern technology is often used to preserve and spread traditional beliefs and customs.Opponents to globalization blame free trade for unfair working conditions. Folk culture is transmitted from one location to another primarily through Globalization has brought changes to Gogol's family that they are learning to like . E) all of the above. integrated but dropped dramatically during the global financial crisis of 200809. 1. 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. A) Culture is the traditions and beliefs of a group of people. Not surprisingly, polls vary widely depending on how and when the question is posed. For more updates from the Peterson Institute, subscribe to the newsletter. A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. Cambridge Journal of Economics Volume 28, Issue 2 (March): 22952. 2015. Which of the following describes globalization of pop culture? 2017. B) Fourth of July. Jensen, J. Bradford. 2017. Get a Britannica Premium subscription and gain access to exclusive content. 2018. In 1994, the United States, Mexico, and Canada signed theNorth American Free Trade Agreement (NAFTA), which eventually ended all tariffs on trade goods between the three nations. Chapter 7 of US-China Economic Relations: From Conflict to Solutions. Additional research by Anjali Bhatt, Cathleen Cimino-Isaacs, and Zhiyao (Lucy) Lu Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Toward that goal, the agent would like to use the size of an apartment, as defined by square footage to predict the monthly rental cost. A trade deficit occurs when spending on imports exceeds what is earned from selling exports. Meanwhile, American fast food chains have become common throughout the world.McDonald'shas more than 37,000 restaurants in over 100 countries. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. Which of the following statements best describes the primary effect of globalization? In this way, globalization encourages countries around the world to provide typical Western services. A Survey of Experts, Section 301: US investigates allegations of forced technology transfers to China, Will the Liberal Order Survive? His administration negotiated the US-Mexico-Canada Agreement (USMCA) to replace NAFTA; the agreement entered into force in 2020. Globalization involves interconnectivity amongst people and businesses across the world. Internationaltradeis vital to the economies of most countries around the world. C) Eastern Ontario-Western Quebec. Another group stems from the rise of a transnational workforce. At McDonalds in Uruguay, a McHuevo is a burger topped with a fried egg. PIIE Charts (March 16). This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. Trade and Investment Policy Watch (August 30). Globalization is the movement and integration of goods and people among different countries. Originally published October 29, 2018Last updated October 24, 2022. PIIE Policy Brief 12-9. A) Cultural assimilation. B) the spread of culture traits from one group to another. Globalization is driven by international trade and aided by information technology. A) the fear of outsiders. Graphics by William Melancon National Geographic Society is a 501 (c)(3) organization. An excerpt of the film is provided in this activity. Globalization is an inevitable development which cannot be resisted or significantly influenced by human intervention. C) Many younger people like to be near cultural amenities in the city. A) Montreal, QC. Globalization reduces unique features of local culture and contributes to global cultural homogenization B. Buy American Is Bad for Taxpayers and Worse for Exports. National Geographic Headquarters Following centuries of European colonization and trade activity, that first wave of globalization was propelled by steamships, railroads, the telegraph, and other breakthroughs, and also by increasing economic cooperation among countries. D) Nation. A) the idea that your own culture is superior to others. Trade Balances and the NAFTA Renegotiation. Washington: Peterson Institute for International Economics. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. Hierarchical diffusion is Washington: Peterson Institute for International Economics. D) religious beliefs are reflected in most aspects of culture. 2016. C) each major world religion can be directly linked to a cultural homeland. Others point out that people tend to adopt some aspects of other cultures without giving up their own. Which of the following is an example of relocation diffusion? New York: Macmillan. A. Senate of Berlin E) folk cultures eat mostly foods that locally available. A. Separate from trade in goods and services, global financial integration is a much-debated but important topic. Competition from abroad drives US firms to improve their products. Desilver, Drew. An example of a popular culture holiday that has transcended its folk culture roots is Ghose, Ajit K. 2004. Trade has been a global force for less poverty and higher incomes.