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Flashcards in globalization Deck (8)
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1
Q

what is globalization?

A

the trend toward greater interconnectedness

2
Q

what is financial globalization?

A

the stock exchange

3
Q

what is economic globalization?

A

multinational corporations (MNG’s) that do business in more than one country

4
Q

which type of globalization is considered very controversial?

A

economic globalization

5
Q

what is technological globalization?

A

creation of a global village, mostly in wealthy countries

-cell networks over landlines in developing countries

6
Q

what is political globalization?

A

policies that cross national boundaries regarding trade, environmental protection and law

7
Q

what is cultural globalization?

A

harmonization of the world’s cultures

a fear of losing natural/local identities in favour of “westernization”

8
Q

what is ecological globalization?

A

one ecosystem, not separate (closed system)

led to the world coming together to solve environmental crisis