Lesson 1 Flashcards
(20 cards)
According to Scholtle (2005), what is globalization?
It is going beyond territorial boundaries and also about changes in the temporal connection in people
Globalization is sometimes mistaken as a juggernaut ________ the world
Americanizing
Is there a consensus on exactly what processes constitute globalization?
No, there is no consensus
Is there a consensus on exactly what processes constitute globalization?
No, there is no consensus
Why is McDonald’s an example of globalization?
It had more than 40,000 fast food restaurants in 118 countries in 2022
Why is Ford Motor company an example of globalization?
The company works with about 1,400 tier 1 suppliers around the globe
Why is Amazon an example of globalization?
It has expanded in recent years and now has 10 million sellers globally
What are the socioeconomic changes of globalization?
Increased living standards,
Modernized and urbanization of countries
Trans and supra territorial connectivity
Capitalism focused production
Nationalism towards identifying pluralism and hybridity
What is the 1st negative effect of globalization?
Destabilization of local markets
What is the 1st negative effect of globalization?
Destabilization of local markets
What is the 2nd effect of globalization ?
Environmental Damage
What is the 3rd negative effect of globalization?
Damages cultural identities
What is the 3rd negative effect of globalization?
Damages cultural identities
What is the 4th negative effect of globalization?
Facilitates global recessions
What is the 4th negative effect of globalization?
Facilitates global recessions
What is the 5th negative effect of globalization?
Increased likelihoods of pandemics and communicative diseases
What is the 1st freedom of the EU?
The free movement of goods and products
What is the 2nd freedom of the EU?
The free movement of capital or investments
What is the 3rd freedom of the EU?
The free moment of persons
What is the 4th freedom of the EU?
The free movement of services
