Arguments in the Globalization Debate - supporting evidence

Which of the following quotes support the idea of globalization?

• "...once the borders of developing countries open, big corporations can move in and set up factories (sweatshops)..."

• "While globalization has led to benefits for some, it has not led to benefits for all."

• "People before profits! People before profits!)

• "Globalization, then, is growth-promoting. Growth, in turn, reduces poverty."

The economics student #2 mentions that industrial manufacturing climbed 93 percent between 1980 and 2003. She says we make plenty of things, just not the things we aren't competitive at. Which one of our economics terms is she referring to?

• trade

• embargoes

• comparative advantage

• scarcity

"...And when all the manufacturing and technical jobs are gone to Mexico and India, we'll be a nation of short-order cooks, store clerks, and waitresses...not exactly a strong industrial base..."

What term is this economics student referring to?

• opportunity cost

• natural resources

• capital resources

• outsourcing

Which of the following quotes is against the idea of globalization?

• "...I hear more than 2,500 U.S. companies have sent jobs overseas..."

• "...But WTO agreements also help producers of goods and services, including both producers and importers, operate their businesses more efficiently..."

• "...thousands of local employees had jobs, and earned wages many times the local rate..."

• "the WTO continues to allow the the U.S. and other wealthy nations, including Japan and the E.U. nations, to keep these unfair advantages..."

Read the following quote, which person would most likely say it?

"...what happens is that local cultures-their artwork, their language, their music-get pushed out by the big loud American culture..."

• IT employee

• Union representative

• Mr. Singh, WTO delegate

• Art Gallery Owner

Was the Art Gallery Owner FOR or Against globalization?

• Against

• For

Are you FOR or Against globalization?

• For

• Against

The retiree, who worked for a large U.S. corporation is defending the WTO and globalization. Which quote below offers the BEST support for his position?

• "...my former employer was able to build and buy factories in several Asian and Southeast Asian countries..."

• "...thousands of local employees had jobs, and earned wages many times the local rate."

Which of the following characters support globalization?

• Manager 1

• Union representative

• Economics student 1

• IT employee

According to the background essay, does globalization affect our everyday life?

• yes

• no