This video lesson covers essential vocabulary related to globalization, including terms like developing and developed countries, global village, and global trade. It discusses the advantages of globalization, such as increased prosperity and consumerism, as well as its disadvantages, including environmental pollution and cultural identity loss. The lesson also touches on outsourcing and sweatshops, providing a comprehensive overview of globalization's impact on the world.

What is a key characteristic of developing countries?

• High industrial activity

• Advanced technology

• Low economic activity

• High income levels

What is an emerging market economy?

• An economy moving towards development

• An economy with no industrial activity

• An economy with declining growth

• A fully developed economy

What does the term 'global village' refer to?

• The interconnectedness of the world through communication

• A village that trades globally

• A small community in a developed country

• A local economy with global influence

What is the impact of global trade?

• Decreased efficiency

• Higher costs for goods

• Isolation from the global economy

• Increased efficiency and participation in the global economy

What is a sweatshop?

• A luxurious workplace

• A place for outsourcing services

• A factory with high wages

• A workplace with poor conditions and low pay

How does globalization contribute to prosperity?

• By decreasing employment opportunities

• By enhancing economic success

• By limiting trade

• By reducing consumerism

What is cultural convergence?

• The preservation of cultural identity

• The dominance of one culture over others

• The blending of different cultures

• The separation of different cultures

What is a major environmental concern associated with globalization?

• Decreased industrial activity

• Increased environmental pollution

• Reduction in transportation

• Lower fossil fuel consumption

How has globalization affected people's lifestyles?

• Made them more active

• Increased leisure time

• Made them less healthy

• Decreased competitiveness

What is a potential cultural impact of globalization?

• Strengthened historical studies

• Loss of cultural identity

• Increased cultural identity

• Greater cultural divergence