Text on this page is printable and can be used according to our Terms of Service. E) none of the above. Interview given at the Peterson Institute for International Economics, May 25. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. Distribute the worksheet and have students research globalization. Protectionism in the 2016 Election: Causes and Consequences, Truths and Fictions. E) ethnic agglomeration. Folk culture is often seen in which of the following traits? C) Eastern Ontario-Western Quebec. If time allows, have groups swap positions after the debate. Globalization has helped narrow inequality between the poorest and richest people in the world, with the number living in extreme poverty cut by half since 1990. As pointed out by Swedish anthropologist Ulf Hannerz, this group advocates a view of global culture based not on the replication of uniformity but on the organization of diversity. Often promoting this view are nongovernmental organizations (NGOs) that lead efforts to preserve cultural traditions in the developing world. Desilver, Drew. Blinder, Alan. 2020SAGE Publications SAGE Publications India Pvt. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. But a 2016 Bloomberg poll asked, Do you think US trade policy should have more restrictions on imported foreign goods to protect American jobs, or have fewer restrictions to enable American consumers to have the most choices and the lowest prices?" The result is a collection of elite groups whose unifying ideals transcend geographical limitations. B) influence of a culture decreases the further one travels from the core. the cultural landscape, this is known as A) the rapid and widespread diffusion of a characteristic throughout the population. 2013. C) restaurant chains. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. B) The spread of laptop computers from the upper class to the middle class. D) It is better than analysis in decision-making. C.Globalization has resulted in fewer connections among countries. Apartheid, a policy of racial segregation from 1948-1990, was the official policy of In 2018, the Trump administration started imposing tariffs on China citing a variety of reasons, including helping American manufacturing, countering forced technology transfers, and reducing Chinas large bilateral trade surplus in goods. Globalization has brought McDonalds to billions of consumers worldwide. Realtime Economic Issues Watch (January 21). E) none of the above. 2017. B) trans-national corporations. C) Acadians in Louisiana. Which of the following statements best describes cultural hybridization? E) None of the above. A) the suburbs. 2017. C) American TV shows. But it still has not completely transformed into a market-oriented economy as its trading partners expected. The globalization trend eventually waned and crashed in the catastrophe of World War I, followed by postwar protectionism, the Great Depression, and World War II. Ortiz-Ospina, Esteban, Diana Beltekian. Note: Trade expansion refers to the effects caused by additional manufactured imports and exports. E) Navajo hogans. RealTime Economics (March 14). B. Washington. Washington: Peterson Institute for International Economics. Washington: Peterson Institute for International Economics. globalization is a term that is used to refer to the increased interdependence among nations. As a major world trading partner and manufacturing hub, China has become one of the most dominant forces in the global economy. Globalization offers greater equality for developing countries but has also diminished cultural diversity. A) Relocation diffusion. 2018. Globalization is the word used to describe the growing interdependence of the worlds economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. The globalization of Greek culture came with the conquerorAlexander the Great. D) Scandinavians in the upper Midwest. Nevertheless, a Peterson Institute study finds 156,250 US manufacturing jobs were lost on net each year between 2001 and 2016 from expanded trade in manufactured goods, which represents less than 1 percent of the workers laid off in a typical year.1 Low-wage workers in certain regions are most affected. Stokes, Bruce. B) religions do not have any impact on the built landscape. Ethnocentrism is A culture learns or adopts a new idea or practice from another culture or cultures. In this way, globalization influences trade, taste, and culture.Popular CulturePopular culture has also become more globalized. Multiple-choice. Bown, Chad P. 2022. Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. Which of the following statements best describes the dialectics of globalization? Globalization is the movement and integration of goods and people among different countries. SCALED UP BUSINESSES Videos by Daniel Housch inflation down, Can put the United States at a disadvantage since other countries continue to strike their own deals with each other that Washington: Peterson Institute for International Economics. When businesses want to manufacture their products at a cheaper rate, they employ the services from developing countries which is possible in countries such as China and Cambodia, where manufacturing costs and . See how trade helps both sides be more productive. E) culture realm. Privacy Notice| Globalization puts pressure on nations to reduce tariffs, subsidies and other barriers to free trade. Many big Chinese companies have close ties with the government, and certain practices have skewed the playing field in trade. 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. Which of the following concepts best describes particular forms of cultural domination, including media, educational, academic, intellectual, scientific, and linguistic, with othering as its core concept? Irwin, Douglas A. The idea was to create a better world with countries seeking to cooperate with one another to promote prosperity and peace. B) Ethnicity. Foreign direct investment (FDI) involves establishing ownership or controlling interest of a business in another country. B) the spread of an underlying principle or idea. E) uniform landscapes. View the full answer. A new cultural form that combines elements of other cultures. B) Step migration. E) Native Americans. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. They also sold their goods in other countries.Britainscolonyin India, for instance, suppliedcottonto Britishmerchants and traders.Madras, a light cotton cloth, was made in the city of Madras (now called Chennai), a majorportin India. This meeting was protested by thousands of people opposed to globalization. The fiery chili pepper is native to the Western Hemisphere. 7. Globalization moves jobs and capital to places that need these resources. Get a Britannica Premium subscription and gain access to exclusive content. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. Three Ways to Reduce a Trade Deficit. A) Italians in southern New England. DECLINE IN INEQUALITY GLOBALLY, BUT WIDER WITHIN UNITED STATES Study with Quizlet and memorize flashcards containing terms like Which statement about globalization is true? A) Race. All the Above : Threats to Folk Culture By Katie Hurst and Eva Winsheimer Loss of Traditional Values Media is a Threat to Traditional Values Pop Culture is the type of culture is in large heterogeneous societies that share certain habits despite diff 3. Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. 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. Washington: Peterson Institute for International Economics. Others saw benefits in overturning traditional ways and developing modern . Competition from abroad drives US firms to improve their products. Bigger factors than trade that drive job displacements are labor-saving technologies, like automated machines and artificial intelligence. Expanded trade spurs the spread of technology, innovation, and the communication of ideas. In folk societies, materials used for building homes Washington: Peterson Institute for International Economics. But the term gained popularity after the Cold War in the . Trade and Investment Policy Watch (May 17). They will best know the preferred format. They also pay better, do more research and development, export more, and invest more than the average US firm. 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. Underlying these various visions of globalization is a reluctance to define exactly what is meant by the term culture.During most of the 20th century, anthropologists defined culture as a shared set of beliefs, customs, and ideas that held people together in recognizable, self-identified groups. 6. PIIE Policy Brief 16-20. Moran, Theodore H., and Lindsay Oldenski. Efforts to confront problems such as globalclimate changemust involve many different countries. B) are often imported from distant countries. Employment in service industries has grown from about half to 84 percent of all A. 2003-2023 Chegg Inc. All rights reserved. biological history? government. Hendrix, Cullen S. 2016. E) All of the above. E) Vancouver, BC. Globalization means the integration of the economy into the world's economy. D) Asian-Americans. These include FDI, securities (which are bought and sold), and debts. C) Hierarchical diffusion. Westernization began with traders, colonizers, and . B) New and Miami. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. When you reach out to them, you will need the page title, URL, and the date you accessed the resource. A) trans-national corporations. US Tire Tariffs: Saving Few Jobs at High Cost. Bartley Johns, Marcus, Paul Brenton, Massimiliano Cali, Mombert Hoppe, and Roberta Piermartini. . B) The spread of laptop computers from the upper class to the middle class. Vox (August 11). A. C) dowry. 1996 - 2023 National Geographic Society. New York: United Nations. 1In 2016, 19.9 million workers [pdf] were laid off or discharged (i.e., involuntary separations). Go to the PBS website to find out where you can get the full DVD. Wages are stagnant, as health care and higher education costs rise. Promotes free trade. Technology firms have taken special advantage of their innovations this way. WTO'ing a Resolution to the China Subsidy Problem. It's Fun to Discuss the USMCAthe New NAFTA. You cannot download interactives. Calculate the average number of mosquitoes that a bat consumes in a 30 -second interval. 2017. D) Salt Box homes in New England. 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. Countries exposed to globalization have alleviated inequality to different degrees through tax and welfare systems. The lower-wage workers may have lacked the skills and mobility to transition to other lines of work, whereas higher-wage workers relocated to companies outside manufacturing. B) Jews. US Bureau of Labor Statistics. PIIE Policy Brief 16-15.Washington: Peterson Institute for International Economics. E) cultural progression. A pop quiz consists of three truefalse questions and three multiple choice questions. B) French Quebec. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. Sustainability Policy| B) cultural homeland. But trade negotiations can only go so far. 2018. This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. His administration negotiated the US-Mexico-Canada Agreement (USMCA) to replace NAFTA; the agreement entered into force in 2020. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. . All the Above : Threats to Folk Culture By Katie Hurst and Eva Winsheimer Loss of Traditional Values Media is a Threat to Traditional Values Pop Culture is the type of culture is in large heterogeneous societies that share certain habits despite diff. C) culture hearth. B) Some ethnicities are comprised of people from several different races. B) the circulation of a daily newspaper. PIIE Working Paper 17-10. Many people say globalization will help people communicate. Ghose, Ajit K. 2004. C. Improve women's access to education and literacy. Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule. 2016. People are able to move and communicate easily in order to have smooth business internationally through globalization.. The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf]. A trade surplus is the opposite, when earnings from exports top spending on imports. In this context, liberal refers to more free or open trade. Bown, Chad P. 2016. They can also find resources at the school library or a local library. E) sub-Saharan Africa. An excerpt of the film is provided in this activity. For most U.S. workers, real wages have barely budged in decades. 2017. Bergsten, C. Fred. Manual work is increasingly being automated, lowering demand for workers. Many were injured in confrontations with police. Originally published October 29, 2018Last updated October 24, 2022. A) American news organizations, such as CNN. cultural globalization, phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. Learn how these five dimensions: ethnoscapes, mediascapes, technoscapes, financescapes, and. devising communication strategies to accomplish communicative goals, constructing messages consistent with communicative strategies. The definition of cultural globalization is the process through which the values, ideas, and experiences of a specific culture are transmitted and disseminated across the world. Globalization has increased the number of students studyingabroad.Not everyone says that globalization is good, however. A geographic assemblage of related culture regions is Listening to the debates can be confusing. Senate of Berlin Will the Liberal Order Survive? E) none of the above. Today, Americans rely on the global economy for many of the things they buy and sell, and to expand their businesses and make investments. Globalization. 2018. African-Americans predominately live in Stimulus diffusion is D) folk cultures must use local materials when building. For chart sources, see Figure 3 in Policy Brief. A) The spread of baseball to Japan. Globalization is the movement and integration of goods and people among different countries. Keynes, Soumaya, and Chad P. Bown. Wage Insurance as a Policy Option in the United States. cultural globalization, phenomenon by which the experience of everyday life, as influenced by the diffusion of commodities and ideas, reflects a standardization of cultural expressions around the world. financial crisis and the global financial crisis of 200809, especially in other liabilities like bank loans. Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. 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. 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. All rights reserved. New York: Macmillan. A) Folk cultures perceive the environment as a hostile place. 1. The United States had an overall trade deficit of $447 billion in 2017, according to the US International Trade Commission, as a result of Americans spending more than they earn and financing the difference with foreign credit. d. What is the probability that a bat consumes at least one mosquito in a 30 -second interval? C) the spread of an idea from persons of power to other persons. Trade and Globalization. Have students use the provided websites to conduct their own research and to learn more about the issues in the debate over globalization. Named after the Swiss town that began hosting annual meetings of the World Economic Forum in 1971, these Davos insiders share common beliefs about individualism, democracy, and market economics. E) Japanese capitalism. 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. A) relocation diffusion. 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. 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. Sometimes, migrant workers travel many thousands of miles. Any interactives on this page can only be played while you are visiting our website. Globalization has brought changes to Gogol's family that they are learning to like . Graphics by William Melancon C) sports. 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. Globalization is influenced particularly through traditional political institutions, such as nation-states. C) Midwest. B) Acculturation. Peterson Institute for International Economics. E) all of the above. PIIE Working Paper 19-17. JOB CHURN D) urban areas in California. Many early European explorers were eager to bring theChristian religion to the regions they visited. (October 27). B) The spread of drive-through windows from fast food restaurants to liquor stores. These resources will help to teach middle school students more about the global economy and the central role trade plays. Sylvester Systems borrows $110,000 cash on May 15 by signing a 60-day. C) each major world religion can be directly linked to a cultural homeland. Not surprisingly, polls vary widely depending on how and when the question is posed. Trade and Investment Policy Watch (March 6). Washington: Peterson Institute for International Economics. C) Snowboarding. 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. Having students debate both sides of an issue builds their critical thinking and problem-solving skills. Which of the following statements best describes cultural hybridization? The real reason youre not getting a pay raise. Russia's war on Ukraine: A sanctions timeline. A. 4. The Trump administration pushed for more power to impose tariffs. Lawrence, Robert Z. Millions of people take vacations to foreign countries. Many multinational companies with famous brands are now controlled by global enterprises. Number of U.S. workers employed by foreign-owned companies is on the rise. Washington: Peterson Institute for International Economics. A) art. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. D. Globalization contributes to global political, economic, and military dominance of some countries over others. PIIE Charts (March 16). Misconceptions on the Campaign Trail: US Manufacturing. D) Kenya. This appears, however, to be an overstatement of the phenomenon. 2017. nonfarm, nongovernment employment. PIIE Policy Brief 01-2. because consumers are spending a smaller percent of their incomes on manufactured goods and more on services, which include housing, health care, dining out, travel, and legal services. A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. Chicago Fed Letter, No. 3. Global Value Chains and Development: Investment and Value Added Trade in the Global Economy. A) Cultural assimilation. While not as wealthy or privileged as their Davos counterparts, members of this international faculty club wield tremendous influence through their association with educational institutions worldwide and have been instrumental in promoting feminism, environmentalism, and human rights as global issues. C) Folk cultures seek to create a uniform landscape. C) the spread of an idea from persons of power to other persons. Anthropologist Arjun Appadurai described and studied five dimensions of global cultural flow. Consumers have better products and more choices as a result. Washington: Peterson Institute for International Economics. They also argue that free trade has lowered prices in wealthier countries and improved the economy of poorer countries. Which of the following is NOT considered a good strategy for developing intercultural communication? 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 reduces unique features of local culture and contributes to global cultural homogenization B. 2017. 2011. C) Traditional medicines. A. Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits. This was not the case before the 1600s. A) an area where cultures are divided. Washington: Peterson Institute for International Economics. Expanding on the concept of Davos culture, sociologist Peter L. Berger observed that the globalization of Euro-American academic agendas and lifestyles has created a worldwide faculty cluban international network of people who share similar values, attitudes, and research goals. Have students debate globalization. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. trade or other bigger factors. National and regionalcostumes have become rarer as globalization has increased. Which of the following concepts best describes a product which carry cultural values, and many products that are seen to represent a culture? US Trade Agenda Requires Greater Focus on Social Concerns. Explain to students that globalization, in its simplest form, means a more connected world. Washington: Peterson Institute for International Economics. Global inequality and international trade. Today, HSBC has its headquarters in London, England.Economic globalization has allowed many corporations based in the West to move factories and jobs to less economically developed countries, a process calledoutsourcing. 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. The U.S. Income Distribution:Trends and Issues [pdf]. B) homogeneous population. Ensure that every country provides its citizens fair political representation. The best ideas from market leaders spread more easily. The trade war with China illustrates how globalization has become so widely entrenched in the US and world economies that undoing its complicated web of activities risks other damaging consequences. The incident is sometimes called "the Battle in Seattle.". A culture keeps its own cultural ideas from other cultures. Global Trade in Services: Fear, Facts, and Offshoring. D) the spread of an idea or trait through the physical movement of people from one place While every effort has been made to follow citation style rules, there may be some discrepancies. D) globalization. How Offshoring and Global Supply Chains Enhance the US Economy. historically high levels, but fewer people are needed to achieve this success. Furman, Jason. The economy of the country of Saudi Arabia is almost entirely dependent onoilexports.To increase trade, many countries have created free trade agreements with other countries. 2016. D) the belief that one's own ethnic group is superior to others. 2020. Distribute copies of the worksheet Decision Matrix to each student. Globalization - a phenomenon that has defined the world's economy in recent decades - is under pressure. C) London, Paris, and Los Angeles. Globalization refers to the technological, political, economic, financial, and cultural exchanges between peoples and nations that have made and continue to make the world a more interconnected and interdependent place. Why, After 200 Years, Cant Economists Sell Free Trade? Q. Updates? British factories made fabric and other goods from the cotton. Total US liabilities to foreigners were $34 trillion in A Survey of Experts, Section 301: US investigates allegations of forced technology transfers to China, Will the Liberal Order Survive? Globalization results in the expansion of international cultural, economic, and political activities. How Not to Mobilize Against China. PIIE Briefing 18-1. Exports are goods and services that are sold to individuals or companies outside of their country of origin. Pushing aside legal roadblocks, workers have begun construction work on what is being called America's largest lithium mine, a project backed by the Biden administration but opposed by leftist . 2016. Globalization is the connection of different parts of the world. Material aspects of culture include Trump Tariffs Primarily Hit Multinational Supply Chains, Harm US Technology Competitiveness. 2017. 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