Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
10 Cards in this Set
- Front
- Back
|
Globalization
|
Increasing interconnectedness of people and place through converging process of cultural, political and economic change
|
|
|
Arguments in favor of Globalization
|
Logical expression of capitalism: benefits everyone: spread of new technologies, ideas, increase trade and wealth; promotes regional specialization; inefficient local industries become more efficient
|
|
|
Arguments against Globalization
|
Not a "natural" process; promoted by free trade advocates- corporations, developed countries; Bubble economy; inequalitiy. richest 20% consume 86% of global resources; poorest 80% consume 14%
|
|
|
Bubble economy
|
instability due to rapid financial flows. as vast sums of money flow into a developing country, they may create a speculatively inflated - that cannot be sustained.
|
|
|
Homogenization (cultural dimension)
|
(sameness) of consumption
|
|
|
Hybridization (cultural dimension)
|
Melding American popular culture with local traditions
|
|
|
Two way (cultural dimension)
|
Internationalization of American food
|
|
|
Environmental dimensions
|
Native people are deprived of resources in the name of conservation for the good of all human kind; exportation of pollution to less developed countries; global cooperation to solve environmental problems.
|
|
|
Political Dimensions
|
evolving geopolitics-international relations; resistance to globalization
WWII step towards creating an international governmental structure in which all nations could find representation. After Cold War, former communist countries of eastern Europe and the SU were opened almost immediately to global trade and cultural exchange. |
|
|
Social Dimension
|
Demographic dimension- international migration; Criminal dimension- terrorism, drugs, pornography, prostitution
|
