D) Ethnicities are based on physical characteristics, race is based on culture. Kletzer, Lori G., and Robert E. Litan. D) Stimulus diffusion. Washington: Peterson Institute for International Economics. D) forces women to bear children. Although market borders are blurring, it is still easy to determine the nationality of companies. C. Globalization makes national identity irrelevant. B) Acculturation. Misconceptions on the Campaign Trail: US Manufacturing. Have students debate globalization. 2. They will best know the preferred format. C) sports. Americansoftwarecompanies, such as Microsoft, rely on international trade to make largeprofits. If a media asset is downloadable, a download button appears in the corner of the media viewer. 2017. to another. The History of an Idea. Duringtimes of peace, it is beneficial in a global economy,to see othernationssucceed. D) Calgary, AB. People are able to move and communicate easily in order to have smooth business internationally through globalization.. A culture overcomes a threat to its own by strengthening its own cultural image. This is the process by which a less dominant culture adopts the traits of a more PIIE Policy Brief 16-20. Nye Jr., Joseph S. 2017. A. Which of the following is not an example of expansion diffusion? D) landscape progression. C) the spread of an idea from persons of power to other persons. Washington: World Bank. The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. Some observers argue that a rudimentary version of world culture is taking shape among certain individuals who share similar values, aspirations, or lifestyles. Autor, David H., David Dorn, and Gordon H. Hanson. A) The spread of baseball to Japan. British factories made fabric and other goods from the cotton. This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. . A) It represents the marginal factor in decision-making.B) It represents a minor factor in decision-making integrated with analysis. the cultural landscape, this is known as As with major technological advances, globalization benefits society as a whole, while harming certain groups. 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. D) foods. Kirkegaard, Jacob Funk. E) none of the above. This concept makes production more efficient, promotes economic growth, and lowers prices of goods and services, making them more affordable especially for lower-income households. A Survey of Experts. Globalization has forced Gogol to reject Indian culture. D) Labor Day. C. Globalization improves cultural awareness by enabling the exchange of ideas and information. American Public Opinion on Foreign Trade. Any interactives on this page can only be played while you are visiting our website. Weisman, Steven R. 2016. 2017. 2018. D) South Florida. Videos by Daniel Housch Expanding on the concept of Davos culture, sociologist Peter L. Berger observed that the globalization of Euro-American academic agendas and lifestyles has created a worldwide faculty cluban international network of people who share similar values, attitudes, and research goals. The process. Interview given at the Peterson Institute for International Economics, May 25. E) none of the above. 1. A) the rapid and widespread diffusion of a characteristic throughout the population. While not as wealthy or privileged as their Davos counterparts, members of this international faculty club wield tremendous influence through their association with educational institutions worldwide and have been instrumental in promoting feminism, environmentalism, and human rights as global issues. Countries are growing less likely to trade with one another. E) None of the above. Section 301: US investigates allegations of forced technology transfers to China. Trade and Investment Policy Watch (March 6). Recent US Manufacturing Employment: The Exception that Proves the Rule. Bown, Chad P. 2022. Globalization puts pressure on nations to reduce tariffs, subsidies and other barriers to free trade. Many multinational companies with famous brands are now controlled by global enterprises. E) None of the above, Examples of non-material aspects of culture include all of the following except Irwin, Douglas A. D) Asian-Americans. Globalization results in the expansion of international cultural, economic, and political activities. Edited by Madona Devasahayam, Helen Hillebrand, and Steven R. Weisman Bown, Chad P. 2016. C) The Bible Belt. Which of the following cultural traits is important to Americans? 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 Desilver, Drew. For example, they may stop chargingtariffs, or taxes, on imports. Sometimes, migrant workers travel many thousands of miles. 2003-2023 Chegg Inc. All rights reserved. D) the study of human-environment relationships. 2018. Graphics by William Melancon B) New and Miami. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. This feature was first published on October 29, 2018 and last updated on August 24, 2021. A widely cited study [pdf] shows that between 1991 and 2007, lower-wage manufacturing workers within industries that faced import competition experienced large and lasting earnings losses, while higher-wage workers in these industries did not. 4. D) the spread of an idea or trait through the physical movement of people from one place UNCTAD (United Nations Conference on Trade and Development). 5. d. What is the probability that a bat consumes at least one mosquito in a 30 -second interval? Payosova, Tetyana, Gary Clyde Hufbauer, and Jeffrey J. Schott. Answer to Solved 3. In this context, liberal refers to more free or open trade. For instance, Chinas government unfairly demands that US intellectual property be handed over in certain cases as the price of doing business there. More open trade could add another $540 billion to the US economy by 2025, equivalent to $1,600 a year in income per person. Globalization encourages each country to specialize in what it produces best using the least amount of resources, known as comparative advantage. National Geographic Headquarters 1145 17th Street NW Washington, DC 20036. Prospects for Economic Reform and Medium-Term Growth in the United States. Washington: Peterson Institute for International Economics. D) the area know as the "South". The U.S. Income Distribution:Trends and Issues [pdf]. Washington, DC 20036, Careers| Have students decide what they think about globalization. Culture is spread by The idea of maintaining international law has also grown. Ethnocentrism is Which of the following areas is not considered a cultural realm? B) Hispanics in the Southwest. D) Kenya. C) war and occupation. 74) Which statement best describes intuition? This allowed globalization of goods and services, as well as people and ideas, between these three countries.Most largecorporations operate in many countries around the world.HSBC, the worlds largest bank, has offices in 88 different countries. E) Native Americans. Speech given at the Brookings Institution, April 8. Prepare the entries to record (a) issuance of the note and (b) payment of the note at maturity. And people all across the world are eating more meat and sugary foods, like those sold in fast food restaurants.The worldwide expansion of McDonalds has become a symbol of globalization. In most parts of the world, professionals such as bankers wear suits, and jeans and T-shirts are common for young people.There has also been an increasing exchange of foods across the globe. US Tire Tariffs: Saving Few Jobs at High Cost. PIIE Policy Brief 18-12. Get a Britannica Premium subscription and gain access to exclusive content. Trade Balances and the NAFTA Renegotiation. And Beijing routinely subsidizes its industries. E) all of the above. A) folk culture populations are usually small. RealTime Economics (July 19). (Total US foreign assets in C) the spread of an idea from persons of power to other persons. The example of quinoa in this chapter was used to illustrate an aspect of the globalization paradox. Ask students to record the information they find on the worksheet. Hufbauer, Gary Clyde, and Euijin Jung. Another common concern was the impact of globalization on culture and identity. E) cultural progression. Which of the following is not an ethnic concentration in North America? Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. Many were injured in confrontations with police. Which statement best describes trends in globalization of markets? Join our community of educators and receive the latest information on National Geographic's resources for you and your students. A) the fear of outsiders. People in England eat Indiancurry, while people in Peru enjoy Japanesesushi. Bergsten, C. Fred. E) folk cultures eat mostly foods that locally available. Demand will likely increase for more highly-skilled manufacturing workers, in areas such as engineering, management, finance, computer and mathematical occupations, and sales. Globalization offers greater equality for developing countries but has also diminished cultural diversity. Another global subgroup comprises cosmopolitans who nurture an intellectual appreciation for local cultures. In large cities, people with the same culture often live in segregated areas called B) strip malls. b. Reuters/Daniel Acker, Russell Boyce, Marcos Brindicci, Larry Chan, Kevork Djansezian, Regis Duvignau, Gary Hershorn, Leah Millis, Charles Platiau, John Sommers II, and Piroschka van de Wouw US Government Is Worst at Reducing Inequality of All High-Income OECD Countries. Chicago: University of Chicago Press. A) popular culture items are often expensive to buy. Step 2) Explanation: Glo . Trade expert Gary Clyde Hufbauer points out that the national income gains Jensen, J. Bradford. B) homogeneous population. Federal Reserve Bank of Chicago. to another. US-China phase one tracker: Chinas purchases of US goods. b. While most Americans only began paying attention to globalization with the North American Free Trade Agreement (NAFTA) debates in 1993. For most U.S. workers, real wages have barely budged in decades. Globalization. A) the rapid and widespread diffusion of a characteristic throughout the population. After World War II, the United States helped build a global economic order governed by mutually accepted rules and overseen by multilateral institutions. National Geographic Society is a 501 (c)(3) organization. US-China Trade War Tariffs: An Up-to-Date Chart. Ivory Tower Economists, Free Trade, and Workplace Woes. Which of the following is an example of relocation diffusion? D) bridal tithe. 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. Explain to students that globalization, in its simplest form, means a more connected world. D) Many younger people who are childless arent concerned with the quality of public 2005. Calculate the average number of mosquitoes that a bat consumes in a 30 -second interval. A) Cultural diffusion. A) Culture is the traditions and beliefs of a group of people. 2017. A) Cultural assimilation. E) Borderland region. Distribute copies of the worksheet Decision Matrix to each student. E) Navajo hogans. D. Implement a program designed to increase economic development in impoverished countries. But trade negotiations can only go so far. C. Globalization improves cultural awareness by enabling the exchange of ideas and. Washington: Peterson Institute for International Economics. 2016. A culture learns or adopts a new idea or practice from another culture or cultures. individuals and their communities. Globalization is growing less important as time passes. Updates? Assistance (TAA), though it only helps workers directly impacted by trade and the amounts paid are limited. Employment Projections. If a media asset is downloadable, a download button appears in the corner of the media viewer. C) Folk cultures seek to create a uniform landscape. A trade deficit occurs when spending on imports exceeds what is earned from selling exports. The globalization of cultural subgroups is not limited to the upper classes. Global Trade in Services: Fear, Facts, and Offshoring. Steel and Aluminum Tariffs. All of the following reflect a popular cultural landscape except Note: Trade expansion refers to the effects caused by additional manufactured imports and exports. 2016. Which of the following describes globalization of pop culture? C) each major world religion can be directly linked to a cultural homeland. Globalization increases global wealth and improves economic development. C) a culture hearth. C) New York and Los Angeles. It gives rich countries access to lower cost resources and labor and poorer countries access to jobs and the investment funds they need for development. D) Folk cultures have great reverence for their environment. By late 2019, tariffs had increased to around 20 percent and new duties covered over half of exports from each country. 2018. Instead of sacrificing trade gains, many economists recommend domestic policies like wage insurance, expanded Reserves are international assets held by the US called a These practices discriminate against not only Americans but also US allies. to higher education and health care, but Americans remain conflicted about the governments role in these social The Institute discloses all sources of funding, which comes through donations and grants from corporations, individuals, private foundations, and public institutions, as well as income on the Institutes capital fund and from publishing revenues. Nearly All US Trade Deals Were Negotiated, Signed, and Implemented by Republicans. Anthropologist Arjun Appadurai described and studied five dimensions of global cultural flow. Each year, millions of people move from one country to another in search of work. B) migrants. Irwin, Douglas A. Has Globalization Gone Too Far? Promotes free trade. Today, HSBC has its headquarters in London, England.Economic globalization has allowed many corporations based in the West to move factories and jobs to less economically developed countries, a process calledoutsourcing. E) All of the above. Goods are physical, produced items traded between countries, like corn, machinery parts, or chemicals. D) the innovation of a cultural trait. PIIE Working Paper 19-17. 2017. D) the spread of an idea or trait through the physical movement of people from one C) American TV shows. E) Tanzania. Hufbauer, Gary Clyde. Negotiated under President Obama, the Trans-Pacific Partnership (TPP) agreement was intended to entice China to improve its practices by allowing the country in on the lucrative deal only if it agreed to new rules, but President Trump withdrew from the deal. Globalization has led to increases in standards of living around the world, but not all of its effects are positive for everyone. and, Not a successful negotiating strategy for trade deals. As a major world trading partner and manufacturing hub, China has become one of the most dominant forces in the global economy. In nearly all societies, women By sharpening such identities, these NGOs have globalized the movement to preserve indigenous world cultures. 2018. Bown, Chad P. 2021. Originally published October 29, 2018Last updated October 24, 2022. 1996 - 2023 National Geographic Society. D) skyscrapers. B) French Quebec. INNOVATION Number of U.S. workers employed by foreign-owned companies is on the rise. A culture overcomes a threat to its own by strengthening its own cultural image. of the cause. Originally, HSBC stood for Hong Kong Shanghai Banking Corporation, which was founded in 1865 to promote trade between China and the United Kingdom. A) A race often has a single homeland, an ethnicity is usually scattered across the world. E) none of the above. 2003-2023 Chegg Inc. All rights reserved. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. Geneva: World Trade Organization. But a 2016 Bloomberg poll asked, Do you think US trade policy should have more restrictions on imported foreign goods to protect American jobs, or have fewer restrictions to enable American consumers to have the most choices and the lowest prices?" How do Americans feel about globalization? D) Scandinavians in the upper Midwest. Consumers have better products and more choices as a result. Which of the following statements best describes cultural hybridization? Globalization is driven by international trade and aided by information technology. C) Many younger people like to be near cultural amenities in the city. PIIE Policy Brief 16-15.Washington: Peterson Institute for International Economics. Hendrix, Cullen S. 2016. 2020. Many early European explorers were eager to bring theChristian religion to the regions they visited. globalization on culture and identity 68. Technology firms have taken special advantage of their innovations this way. Globalization is an elimination of barriers to trade, communication, and cultural exchange. This availability of resources is facilitated through trade. 2016, or 185 percent of GDP.). Washington: Peterson Institute for International Economics. Countries frequently cooperate to enact trade agreements. C) Hispanics. Pew Research Center (December 14). from both cultures. 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. B) Step migration. C) the belief that ones own religion is superior to others. C) do not earn the same pay as a man does. D. Globalization Increases interactions and interdependence between places., What type of precipitation is associated . E) All of the above. There are abuses within the system and rules need to be updated. Study with Quizlet and memorize flashcards containing terms like Which statement about globalization is true? New York: Macmillan. This meeting was protested by thousands of people opposed to globalization. 7. C) Nationality. Geography, Human Geography, Social Studies, Economics, This lists the logos of programs or partners of NG Education which have provided or contributed the content on this page. trade or other bigger factors. Today, news and information zips instantly around the world on theinternet. Efforts to confront problems such as globalclimate changemust involve many different countries. C) they want to preserve their traditional cultures. 1. A) cultural environment. Hufbauer, Gary Clyde, and Euijin Jung. Any interactives on this page can only be played while you are visiting our website. E) any market area for a retail business. Washington: Peterson Institute for International Economics. 2020SAGE Publications SAGE Publications India Pvt. A) African-Americans. 2. 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. from both cultures. B) the belief that Westerners are superior to African and Asian cultures. 2018. Sylvester Systems borrows $110,000 cash on May 15 by signing a 60-day. For information on user permissions, please read our Terms of Service. 2018. A trade surplus is the opposite, when earnings from exports top spending on imports. RealTime Economics (March 14). Why, After 200 Years, Cant Economists Sell Free Trade? Globalization has forced changes on Gogol's family that he accepts , but thathis parents resist . C) the isolation of a culture from the rest of the world. B) the spread of an underlying principle or idea. Privacy Notice| Imports are goods or services purchased from outside the country. 2013. E) traditions. View the full answer. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. Laws protecting the environment and workers safety are less widespread in developing countries, which also lowers costs for the corporation. B) religions do not have any impact on the built landscape. The correct answer is 2: The world is becoming more globalized and connected. Many companies usedraw materials from distant lands. Christopher Columbus first brought chilies to Europe in 1493, and from there they spread across Asia. D) Salt Box homes in New England. EconomyThe internationaleconomyhas also become more globalized in recentdecades. D) globalization. In this way, globalization influences trade, taste, and culture.Popular CulturePopular culture has also become more globalized. A pop quiz consists of three truefalse questions and three multiple choice questions. Please refer to the appropriate style manual or other sources if you have any questions. Washington: Peterson Institute for International Economics. B) folk cultures are spread hierarchically. D) television and other media. E. Encourage governments to make innovative uses of local resources. Beijing retaliated with its own tariffs on US goods, escalating into a trade war. Immigration is the process of moving to a new country or region with the intention of staying and living there. For more updates from the Peterson Institute, subscribe to the newsletter. 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. The cultural globalization hypothesis argues that a global culture leads to the homogenization of the human experience. Our editors will review what youve submitted and determine whether to revise the article. Trumps Trade War Timeline: An Up-to-Date Guide. 2019. D) Poland. Meanwhile, American fast food chains have become common throughout the world.McDonald'shas more than 37,000 restaurants in over 100 countries. Source:Gary Clyde Hufbauer and Zhiyao (Lucy) Lu,The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers. A culture keeps its own cultural ideas from other cultures. A) Cultural assimilation. dominant culture so completely that the two cultures become indistinguishable. Donors do not influence the conclusions or policy implications drawn from Institute research. What is globalization? D) Folk cultures have great reverence for their environment. Concerns were show over the perceived impact of beliefs, values, and social practices coming from foreign cultural products. Contagious diffusion is Which of the following describes globalization of. a. E) all of the above. They are exposed to ideas about goods and services, which may increase demand for a specific product that may not be available at home. Chart data collected by Christopher G. Collins and Soyoung Han . D) influence of a culture decreases as one travels in and around. WTO/Jay Louvion, Studio Casagrande. government. 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. Globalization moves jobs and capital to places that need these resources. B) the South and northern US Cities. schools which have a reputation for being bad. Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. Trade and Investment Policy Watch (September 5). D) values. C) It should be coupled with analysis in decision-making. E) marital gift. China, India, and Brazil dropped their rates to enter the World Trade Organization (WTO). Which of the following is an example of stimulus diffusion? In Canada, the greatest concentration of Asians lives in which city? It does not significantly change the total number of positions in the economy, as job numbers are primarily driven by business cycles and Federal Reserve and fiscal policies. The process of immigrating to the United States can be complicated and is often driven by a few key principles including uniting families, boosting the economy with skilled professionals, promoting diversity, and helping refugees.