How is globalization affecting economies and societies around the world?
Globalization is making economies and societies more connected. It has positive and negative impacts which vary from region to region.
Which countries benefit more from economic interdependence- developed or developing nations?
Developed nations benefit from low cost workers and imports. However, they are vulnerable to problems that arise in developing nations like excessive debt. Developing nations benefit from improvements in communication and technology, but they may suffer from exploitation of their labor and resources.
What were the objections of the Nafta passage in 1994?
objected to the use of low-cost labor in Mexico at the expense of American workers
Do you think that increases globalization is inevitable?
Yes because technology has created ties among nations. However, people may re-impose barriers.
What benefits do global trade have on people everyday?
Brings goods to consumers at low prices, improves technology and communication, and raises standards of living/ provides better services.
Why was IMF established?
promotes international monetary cooperation and encourage global economic growth
What affect can rediction of oil production in one country have on other countries around the world?
can lead to higher process around the world and higher manufacturing/ transportation costs worldwide.
"Globalization is not new"...explain.
For thousands of years countries have been trading goods with other countries. (Ex: Silk Road Middle East that connected China & Europe during the middle ages). Additionally, corporations and people have also invested in companies and goods for centuries.
What forces have contributed to growth of globalization?
Improved transportation, containerization, improved technology, growth of multinational companies, growth of global trading blocks, global media growth, global trade cycle
Identify and explain the Identify and explain the challenges and opportunities that globalization creates.
Opportunities = goods to consumers at low prices, improve technology and communication, raise standards of living, provide better services
Challenges = changes in institutional/ policy regimes at international and national levels which facilitate or promote flows.
What is outsourcing and why do companies engage in that practice?
wealthy countries depende on developing nations for low paid labor through outsourcing.
outsourcing = practice of sending work to the developing world to save money and increase efficiency.
What are the benefits and drawbacks of multinational corporations?
+ - good service to world, assessts to countries, sell goods
- - consumer expense, market dominance of multinational corporations, pushing local firms out of business, slave labor, harmful to environment
IS financial interdepended a positive or negative result of globalization?
Negative because of the issue with international debt that can cause a crisis in one nation or region = global impact
Why is OPEC a good illustration of the pros and cons of globalization?
PROS • forum for discussion and decisions; alleviates some potential for conflict • organized effort reduces stress from a chaotic competitive market • coordinates oil production policies, stabilizes the oil market • also ensures a stable supply of oil for consumers • provides news and information flow (OPEC Secretariat) • combined strength in the international market; "greater than the sum of its parts"
CONS • difficult to control members; lacks an accountability mechanism • may provide incentive for members to cheat • loss of competitive potential of members as individual producers • Saudi market share gives it the strongest position in the organization • limited actual control over prices; exerting influence detrimentally affects the oil market
How do regional blocs factor into globalization?
Blocs= form groups to promote trade and meet common needs of people. Work to decrease trade barriers in and among countries in their regions and promote free exchange of goods and services. Deal with political and economic questions.
What are the benefits of global trade?
Pro- Consumers get variety People exposed to new ideas New money Promote democracy
Poor countries go into debt Disrupts indigenous people lands and culture Encourages too- rapid of development
Why has an anti-globalization movement developed in recent years?
Targets world bank, world trade organization, and international monetary fund.
Oppose - changes that these organization require developing nations to make and accuse developed nations of exploiting poorer countries.
What are the causes of poverty?
overpopulation, political upheaval, poor planning, natural disaster
To what degree has the world made any progress on reducing poverty by raising the standard of living?
Organizations like the World Bank believe ending poverty is key to global peace. Encourage poor nations to limit their population growth and ask rich nations to forgive the debts of poor nations.
How does GDP help measure a nations wealth?
measures the goods and services in a year. Look for strong economy, productive, and small population.
In what specific ways could natural disasters, like a tsunami or an earthquake contribute to increasing a regions poverty? How has globalization helped in this area?
Natural disasters can increase a regions poverty- ruin buildings/ businesses, death, diseases from unsanitary conditions, ruins economy, ends businesses Globalization helped in natural disaster- giving money, rebuild, offer support
In talking about access to food, social scientists use the terms "food insecurity", "hunger", "famine" and "starvation". What are the differences between those terms? Do they apply to all regions of the world...developed and developing nations?
Food insecurity- is not knowing where your next meal is coming from and not being sure if you will have a next meal.
Hunger - is not eating at all like ever
Famine- when there is a shortage of food so people can't eat
Starvation- is starving because there is no food
apply to all world regions even developed nations
How do the problems of disease and poverty in developing nations affect developed nations?
Disease- epidemics can spread. Health experts in the world work together. Poverty- Interdependence causes one nation to fail financially after other nations financially fail.
Reasons for migration
disease, war, poverty, persecution, disease
What migrant different from a refugee?
Refugee- forced to move Migrant- move from place to place. goes for work.
why might some developed nations accept migrants?
They have new ideas, thoughts, and policies. Can help in job market.
What do you mean by human rights?
all rights that humans deserve and are basic rights.
In what ways do the following groups experience human rights violations:
a. Women - discriminated against because of gender. Do not get job positions and do not make as much money per year. b. Children - poor children must work in unsanitary and dangerous condition. Do not get an education and will be stuck in poverty.
Indigenous people- face discrimination and other abuses. Developers push into once-isolated areas. Un works to set standards to protect the rights of indigenous people.
Describe some specific actions that have been taken to alleviate the problems that the above groups experience.
Economic pressure. Un, United States, and human rights groups monitor and report on human rights violations. They even monitor human rights in nations that are a part of the developed world.
Why do you think education is so important in ending human rights violations?
Education will end the poverty cycle and continue to show human rights violations throughout the world
Explain the link between development and: a. Pollution b. Desertification c. Deforestation d. Climate change
Development can cause pollution, desertification, deforestation, and climate change because they must use objects that cause these forms of environmental changes.
What is the Kyoto Protocol? Why have some developing and developed nations refused to sign it?r
The Kyoto Protocol is an international treaty, which extends the 1992 United Nations Framework Convention on Climate Change (UNFCCC) that commits State Parties to reduce greenhouse gases emissions, based on the premise that (a) global warming exists and (b) man-made CO2 emissions have caused it.
Developed & developing refuse to sign it because they rely on global warming to keep prices cheap and keep the economy.