Globalization is the movement and integration of goods and people among different countries. integrated but dropped dramatically during the global financial crisis of 200809. 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. A) interstate highways. Introducing Intercultural Communication: Global Cultures and Contexts, upgrade your version of Internet Explorer. C) The spread of AIDS to the United States. Which of the following statements best describes the primary effect of globalization? D) television and other media. Step 1) Answer: The statement that best describe the trends in globalization of markets is option d. Unable to increase markets domestically, most of the companies look in expanding their markets in other places of the world. Washington: Peterson Institute for International Economics. In other words, the con of cultural globalization is that there may develop one world culture (an Americanized world) rather than cultural diversity. 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. 2018. Kirkegaard, Jacob Funk. B) The spread of laptop computers from the upper class to the middle class. They are exposed to new ideas, which may influence how they vote. Which example is not an ethnic region of North America? Washington: Peterson Institute for International Economics. 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. B) Anglo America. Oldenski, Lindsay, and Theodore H. Moran. Ortiz-Ospina, Esteban, Diana Beltekian. People can read information about foreign countries as easily as they read about their local news. Trade and Investment Policy Watch (December 2). E) none of the above. Today, foods in Korea and many parts of China are often spicy. National Geographic Society is a 501 (c)(3) organization. dominant culture so completely that the two cultures become indistinguishable. For most U.S. workers, real wages have barely budged in decades. 2020SAGE Publications SAGE Publications India Pvt. B) grooms gift. Foreign Affairs (March/April). Competition from abroad drives US firms to improve their products. A culture overcomes a threat to its own by strengthening its own cultural image. 2016. In 2009, representatives from 170 countries gathered at a conference in Copenhagen, Denmark, to discuss climate change. Globalization means the integration of the economy into the world's economy. Global supply chains are production networks that assemble products using parts from around the world (known asintermediate goods). A) Folk cultures perceive the environment as a hostile place. The globalization of Christianity spread from Europe toLatin Americathrough Christian missionaries working with the local populations.Globalization wasaccelerated in the nineteenth century with theIndustrial Revolution, as mechanicalmills and factories became more common. Globalization changes the types of jobs available but has little effect on the overall number of jobs in the ever-changing US labor market. . Studies show that globalization has also diminished US worker bargaining leverage to demand higher wages. A) a cultural environment. Public Comment on Trump Administration Report on Significant Trade Deficits. Washington: Peterson Institute of International Economics. A. Expanded trade spurs the spread of technology, innovation, and the communication of ideas. 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. Trade Talks Episode 57 (October 5). How Offshoring and Global Supply Chains Enhance the US Economy. The global market still has great potential for the US economy. For more information, see Increased Trade: A Key to Improving Productivity. D) The spread of Wal-Mart from Arkansas to the rest of the United States. 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. Buy American Is Bad for Taxpayers and Worse for Exports. Washington. C) Hierarchical diffusion. Many companies usedraw materials from distant lands. Washington: Peterson Institute for International Economics. 12%,$110,000 note. That being said, some workers have directly benefited from expanding global commerce, while others have not. A) New York and Chicago. The facilities of a Holiday Inn hotel, for instance, are very similar, whether the location is Bangor, Maine, or Bangkok, Thailand.Travel and tourism have made people more familiar with other cultures. Miles offiber-opticcable now connect the continents, allowing people around the world to communicate instantly through the borderless World Wide Web.CommunicationModerncommunicationhas played a large role in cultural 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. Make sure students understand that there are pros and cons to globalization, all of which have economic, social, political, and cultural impacts. When waves of cultural groups move into an area and modify the human imprint of 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. D) Nation. Here is a quick summary. Globalization is the movement and integration of goods and people among different countries. United States spends only a fifth of what other advanced economies spend on average to help people find new jobs A) Zimbabwe. C) Western Europe. D) bridal tithe. If American producers want to reach those consumers, the United States must let producers from overseas reach American consumers, as they have over the years for cars, appliances, smartphones, and other products Americans want. Clashing over Commerce. Washington: Peterson Institute for International Economics. 2018. A) marriage tax. After World War II in the mid-1940s, the United States led efforts to revive international trade and investment under negotiated ground rules, starting a second wave of globalization, which remains ongoing, though buffeted by periodic downturns and mounting political scrutiny. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. Since ancient times, humans have sought distant places to settle, produce, and exchange goods enabled by improvements in technology and transportation. E) marital gift. B) New York, London, and Paris. B) Nordic skiing . The real reason youre not getting a pay raise. Washington, DC 20036, Careers| It entered the World Trade Organization in 2001 and undertook many reforms, cutting tariffs and other trade barriers. D) Asian-Americans. C) Ghana. Posen, Adam S. 2018. B) Acculturation. The Truth about Trade Agreementsand Why We Need Them, US-China Trade War Tariffs: An Up-to-Date Chart, US-China phase one tracker: Chinas purchases of US goods, China bought none of the extra $200 billion of US exports in Trump's trade deal, Trumps Trade War Timeline: An Up-to-Date Guide, Preserving Manufacturing Jobs One Company at a Time, For most U.S. workers, real wages have barely budged in decades, Public Comment on Trump Administration Report on Significant Trade Deficits, Trade, Innovation, and Economic Growth [pdf], The real reason youre not getting a pay raise, Global inequality and international trade, US Trade Agenda Requires Greater Focus on Social Concerns, Ivory Tower Economists, Free Trade, and Workplace Woes, Buy American Is Bad for Taxpayers and Worse for Exports, Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule, It's Fun to Discuss the USMCAthe New NAFTA, US Government Is Worst at Reducing Inequality of All High-Income OECD Countries, The Brexit agreement: An economic guide for the perplexed, Has Global Trade Fueled US Wage Inequality? While these goals are simply stated and obviously will pose challenges to resolve, the stakes are high to rebuild trust in a global system that has helped secure prosperity and peace. 3. 2017. US-China Trade War Tariffs: An Up-to-Date Chart. E. Globalization increases global inequality. Rodrik, Dani. B) Fourth of July. Any interactives on this page can only be played while you are visiting our website. C) Midwest. Globalization as a new phase has been exaggerated because most economic and social activity is regional, rather than . Which of the following is an example of hierarchical diffusion? Irwin, Douglas A. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. Which of the following areas is not considered a cultural realm? 2016. through education, training, job search assistance, and other active labor market programs. improve their competitiveness, Leads to higher tariffs on US exports, which would dampen sales and hurt US businesses and workers, Jeopardizes role of the United States as a world leader in international cooperation, making it more difficult to Which of the following approaches would be most effective at reducing global inequality? Duringtimes of peace, it is beneficial in a global economy,to see othernationssucceed. A culture overcomes a threat to its own by strengthening its own cultural image. Advertisement Advertisement You cannot download interactives. to another. Transcribed image text: . E) Borderland region. Globalization involves interconnectivity amongst people and businesses across the world. A payment of money or goods from the family of a bride to the grooms father is PIIE Policy Brief 17-16. PIIE Charts (July 26). Factories in the county of Lancashire, England, created madras cloth. Petri, Peter A., Michael G. Plummer, Shujiro Urata, and Fan Zhai. PIIE Working Paper 17-10. 2016. PIIE Charts (March 16). 1996 - 2023 National Geographic Society. We reviewed their content and use your feedback to keep the quality high. Published online at OurWorldInData.org (accessed on October 24, 2022). The wide-ranging effects of globalization are complex and politically charged. D) The spread of Roman Catholicism to Latin America. E) all of the above. Washington: Peterson Institute for International Economics. 1In 2016, 19.9 million workers [pdf] were laid off or discharged (i.e., involuntary separations). Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. A) Amish communities in Pennsylvania A) religions are key to understanding the role of women in a culture. Other menu items are specific to that region. Sometimes, thesemigrantworkers travel a short distance, such as between the Mexican state of Sonora and the U.S. state of California. A) Montreal, QC. D) South Florida. Tariffs are paid by domestic importers, not foreign governments or exporters. PIIE Policy Brief 16-5. The Rights Holder for media is the person or group credited. Dueto globalization and other factors, it isimpossible for large industrialized nations toexit the global economy without devastating effects. Visit piie.com to learn more. OECD Publishing. Pew Research Center (August 7). B) the spread of culture traits from one group to another. By the beginning of the 21st century, institutions such as Cultural Survival were operating on a world scale, drawing attention to indigenous groups who are encouraged to perceive themselves as first peoplesa new global designation emphasizing common experiences of exploitation among indigenous inhabitants of all lands. Total US liabilities to foreigners were $34 trillion in C. Globalization improves cultural awareness by enabling the exchange of ideas and information. Realtime Economic Issues Watch (January 21). C) an area where one cultural boundary abruptly ends and another begins. E) All of the above. E) culture realm. Washington: Peterson Institute for International Economics. 2 See answers Advertisement C) culture hearth. Scholars in many disciplines challenged this notion of cultural . Trade and Investment Policy Watch (May 17). They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home. those who adopt new ideas just before the average member of a social system, those who are reluctant to adopt until most others do so, those who are the last to adopt an innovation, insisting on using ones own cultural rules. 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. A Survey of Experts, Section 301: US investigates allegations of forced technology transfers to China, Will the Liberal Order Survive? They fear that everyone will end up eating hamburgers and watching Hollywood movies. 7. Washington: Urban Institute. 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. People in England eat Indiancurry, while people in Peru enjoy Japanesesushi. E) any market area for a retail business. Globalization and the Benefits of Trade. Many early European explorers were eager to bring theChristian religion to the regions they visited. 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. Washington: Peterson Institute for International Economics.Bown, Chad P., and Jennifer A. Hillman. Aid agencies can respond more quickly to a natural disaster. Which of the following concept best illustrates the degree to which pairs of individuals who interact are similar in certain attributes, such as beliefs, education, and social status? Globalization offers greater equality for developing countries but has also diminished cultural diversity. What is the term for a group of people who identify with their cultural and Under free trade agreements, countries agree to remove trade barriers. More job training and education is needed to prepare workers for these jobs. C) influence of a culture stays the same the further one travels from the core. After World War II, the United States helped build a global economic order governed by mutually accepted rules and overseen by multilateral institutions. Christina Riska Simmons, adapted from National Geographics Illicit: The Dark Trade activity The Debate Over Globalization. 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. Trade liberalization is the opposite of protectionismwhen countries allow people and businesses to buy and sell across borders with fewer restrictions. C) war and occupation. E) ethnic agglomeration. The correct answer is 2: The world is becoming more globalized and connected. Solving these types of issues, which will inevitably arise and change over time, is best done through negotiation and coordination with trading partnersapplying due processin order to prevent costly trade wars, where more and more barriers end up hurting all sides. Three Ways to Reduce a Trade Deficit. A) A race often has a single homeland, an ethnicity is usually scattered across the world. Promote global environmental sustainability. D) the spread of an idea or trait through the physical movement of people from one Bown, Chad P. 2022. Any interactives on this page can only be played while you are visiting our website. If you have questions about licensing content on this page, please contact [email protected] for more information and to obtain a license. A. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Material aspects of culture include Has Globalization Gone Too Far? markets open and settle disputes, Causes more lost jobs than they create as other countries retaliate, With global supply chains dominating world trade, it is difficult to hit another country . Ghose, Ajit K. 2004. Let us know if you have suggestions to improve this article (requires login). A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. Hufbauer, Gary Clyde, and Sean Lowry. Which statement describes the globalization of culture More uniform consumption preferences enhanced communications increased unequal access to resources A hearth is defined as A region from which a phenomenon originates The patterns of cultural globalization is a way of spreading theories and ideas from one place to another. Which cultural phenomenon below is not an example of syncretism? B) the South and northern US Cities. C) Folk cultures seek to create a uniform landscape. E) none of the above. Washington: Peterson Institute for International Economics. 1. Washington: Peterson Institute for International Economics. Foreign-owned companies that do business in the United States have hired Americans at a faster rate than US private employers between 2007 and 2015. Trade, Innovation, and Economic Growth [pdf]. B) The spread of drive-through windows from fast food restaurants to liquor stores. Currently, there is government support through a program called Trade Adjustment D) Folk cultures have great reverence for their environment. C) Traditional medicines. Stimulus diffusion is The cultural globalization hypothesis argues that a global culture leads to the homogenization of the human experience. C) sports. D) Thai cuisine. Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule. C) urban population. The surplus in services suggests the competitive strength of US services in the global market. A) Latin America. In seconds, people are able to respond tonatural disasters that happen thousands of miles away.Many people access information through improved and new technology, such as cell phones. E) All of the above. 2011. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. 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. C) Many younger people like to be near cultural amenities in the city. See how trade helps both sides be more productive. The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. A) folk culture populations are usually small. D) Ethnicities are based on physical characteristics, race is based on culture. 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. Trade and Investment Policy Watch (November 6). Wage Insurance as a Policy Option in the United States. The problem is compounded because policymakers have done little to help workers and communities adjust at a time when the wealthiest Americans have gained the most in recent years. Graphics by William Melancon For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. PIIE Policy Brief 18-6. Chapter 2 [pdf] of The United States and the World Economy: Foreign Economic Policy for the NextDecade. New York: Macmillan. It is a process by which people, nations, and companies interact actively in the international stage. Imagine if countries were like chefs, with different specialties. 2015. D) landscape progression. If no button appears, you cannot download or save the media. Many big Chinese companies have close ties with the government, and certain practices have skewed the playing field in trade. American soap operas are popular in Israel.India, for instance, has a thriving film industry, nicknamed Bollywood. Bollywood movies are popular both in India and with the huge population of Indians living abroad. If no button appears, you cannot download or save the media. Which of the following statements best describes the dialectics of globalization? D) Kenya. C) Ottawa, ON. A) the idea that your own culture is superior to others. The idea was to create a better world with countries seeking to cooperate with one another to promote prosperity and peace. Washington: Peterson Institute for International Economics. Globalizationis the connection of different parts of the world. The U.S. Income Distribution:Trends and Issues [pdf]. PIIE Policy Brief 18-12. All of the following are characteristics of folk cultures except 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) the spread of culture traits from one group to another. 2021. B) an area of great cultural diversity. Free trade and the rule of law were mainstays of the system, helping to prevent most economic disputes from escalating into larger conflicts. Not enough has been done to help those who have lost out from trade competition. In reality, it has been very difficult for many of these workers to transition, with lasting effects on D) Scandinavians in the upper Midwest. How Not to Mobilize Against China. 2019. B) cultural homeland. 2001. b. In this way, globalization encourages countries around the world to provide typical Western services. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. The process. Studying religions is important to understanding a culture because D) Cultural traits are a reflection of a groups values. Due to modern means of communication and transportation, the world is unified. 3. E) an area where two cultures merge into a single culture. Globalization has resulted in fewer connections among countries. B) Some ethnicities are comprised of people from several different races. PIIE Working Paper 16-5. Washington: Peterson Institute for International Economics. height: 60px; All rights reserved. B) the spread of an underlying principle or idea. Based on their research, tell students to select the arguments that they believe are most valid. 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. Donors do not influence the conclusions or policy implications drawn from Institute research. The Dispute Settlement Crisis in the World Trade Organization: Causes and Cures. Misconceptions on the Campaign Trail: US Manufacturing. Senate of Berlin Bown, Chad P. 2016. A) the rapid and widespread diffusion of a characteristic throughout the population. 2017. Lets Talk Development (February 2). biological history? C) dowry. D) Many younger people who are childless arent concerned with the quality of public How do Americans feel about globalization? Which of the following statements best describes the primary effect of globalization? }. Get a Britannica Premium subscription and gain access to exclusive content. Others point out that people tend to adopt some aspects of other cultures without giving up their own. Globalization - a phenomenon that has defined the world's economy in recent decades - is under pressure. Washington: Peterson Institute for International Economics. These practices discriminate against not only Americans but also US allies. E) none of the above. their jobs to import competition. to higher education and health care, but Americans remain conflicted about the governments role in these social American industrial production is at skills. A trade surplus is the opposite, when earnings from exports top spending on imports. Answer to Solved 3. Ethnocentrism is a. A farmer in Nigeria can easily talk to his cousin who moved to New York, New York. As with major technological advances, globalization benefits society as a whole, while harming certain groups. Which of the following cultural traits is important to Americans? Gallup (April 1). A) Hawaii. Which statement about race and ethnicity is true?