Globalization

A negative side effect of globalization such as the spread of Covid-19 is caused by

• Improved sanitation resulting in resistant strains of viruses

• Accelerated transmission of viruses due to increased travel

• Health problems caused by decreased government funding

• Cultural movements that limit vaccinations for children

The interconnection of the world today is often referred to as

• Nationalism

• Communism

• Globalization

• Isolationism

A business with facilities in more than one country

• IMF

• World bank

• multinational corporation

• international corporation

an official ban on trade or other commercial activity with a particular country.

• stop

• embargo

• barr

• tariff

The exchange of goods and services by sale or barter driven by the need for resources.

• Fair Trade

• Globalization

• Trade

• Standard of Living

Sending goods to another country to sell.

• import

• export

Bringing goods in from another country to sell.

• import

• export

A policy in which a nation does not try to limit imports or exports by enacting tariffs (taxes on imports) or subsidies (taxes on exports).

• Free Trade

• Trade

• Goods

• Supply and Demand

Globalization has brought economic growth to many developing countries.  This has meant jobs for millions of people.  It has also increased “_________ ___________” among countries.

• imports & exports
• multinational corporations
• economic interdependence

Which are a positive effects of globalization?

• opening of new markets

• increased pollution

• loss of job in the US

• cheaper consumer goods

• higher standards of living in developing countries