Globalization Flashcards
What is globalization?
The trend towards greater interconnectedness in the world
Globalization encompasses economic, technological, cultural, and political dimensions.
What are the economic aspects of globalization?
Easier movement of goods, production, capital, labor, and resources
This includes stock markets and currencies.
What technological advancements are associated with globalization?
Rapid spread of communications and computer technologies, as well as equipment and machinery
This facilitates global interactions and operations.
How does globalization affect culture?
Harmonization of the world’s culture at the expense of local cultures
Countries adopt common attitudes and acceptable behaviors.
What political changes are linked to globalization?
Countries adopt more uniform policies and must protect the environment together
Events in one country can affect others.
What is meant by the term ‘global village’?
A world where every person is linked by communication systems and can participate in a global marketplace
This concept emphasizes interconnectedness.
What are the economic effects of globalization?
Bigger markets and new job opportunities
This can lead to economic growth in various regions.
What cultural effects does globalization have?
Cultural exchange
This involves sharing and blending of cultural practices and ideas.
How does globalization impact the environment?
Greater resource use and pollution, along with more environmental efforts
The interconnectedness can lead to collective environmental actions.
What technological impacts arise from globalization?
Rapid spread of technology
Innovations can be shared globally, enhancing development.
List some positives of globalization.
- Economic growth
- Cultural exchange
- Advances in technology
- Access to goods and services
- Improved communication
These factors contribute to a more interconnected world.
List some negatives of globalization.
- Economic inequality
- Local cultural erosion
- Environmental impact
- Job displacement
- Loss of sovereignty of countries
These challenges must be addressed to mitigate negative effects.
What is perspective?
An individual’s or group’s point of view
Perspectives can vary on how a person is affected by an event or interaction.
What is the difference between subjective and objective perspectives?
Subjective perspectives come from personal thoughts and opinions, while objective perspectives cannot be distorted by personal feelings or bias and are based on facts.
What factors contribute to life experiences?
Factors include:
* Ethnic background
* Age
* Gender
* Schooling
* Travel
* Residence
* Past experience
* Views on relevant social, economic, political, and environmental issues
Life experiences can significantly shape an individual’s perspective.
What are values?
Principles or morals central to a person’s behavior.
