Globalization

What is globalization?

• a high degree of division of labor, where people depend on other people to produce most of the goods and services required to sustain life and living
  
• process of interaction and integration among the people, companies, and governments of different nations
• prevalent over a whole country or the world
• a large increase in crop production in developing countries achieved by the use of fertilizers, pesticides, and high-yield crop varieties

How do the IMF and World Bank influence the development of countries?

• Provide funds based on certain stipulations that encourage democracy and free enterprise
• Provide security forces to remove dictators and corrupt governments
• Aid in the diffusion of Western culture by mandating trade policies
• Utilize the Robin Hood method to take money from wealthy countries to be distributed to developing nations

Which of the following in NOT a medical advancement that has increased life span and improved the lives of people?

• Birth control
• Antibiotics
• Vaccines
• Acupuncture

How has globalization affected transportation?

• Communication can occur instantaneously due to the email, text messaging, and the internet
• Disease can spread more rapidly
• Container ships, airplanes, and railroads have allowed for faster transport of goods
• Most goods are shipped via trucks

How are McDonald's, Starbucks, Nike, and Adidas examples of globalization?

• They are multinational corporations that operate in dozens of countries around the world
• They all provide goods and services
• They are examples of interdependence, not globalization
• They represent the spread of eastern culture

Communication technology has changed the way people connect to each other . . . 

• Through planes, trains, and automobiles
• By decreasing the distance between countries
• Through email, skype, and text messaging
• By increasing the number of satellites orbiting Earth

Economic interdependence can best be demonstrated by . . . 

• Iraq invading Kuwait over oil
• The British government providing health care for the population
• North Korea producing everything they need for survival
• Clothing being manufactured in China and shipped to the US in return for airplane parts