Standard 5.4 (Globalization 1990-2011)

____________ is the growing trend towards expansion and integration of worldwide trading networks.

• Isolationism
• Protectionism
• Localization
• Globalization

Which of the following is an example of globalization?

• A country imposing tariffs on imports.
• An organization promoting cultural exchange programs.
• A company sourcing materials from different countries and selling products around the world.

• A local shop selling handmade goods.

In the 1990s, the European Common Market developed into the European ​ (a)   to provide ​ (b)   cooperation. They promoted (c)   , trade and the development of European ​ (d)   . The majority of members adopted a common currency called the ​ (e)   .

• Union
• political
• democracy
• economies
• Euro

In 1994, the North American Free Trade Agreement (a)   , attempted to increase (b)   by eliminating trade barriers in the ​ (c)   Hemisphere, specifically trade barriers between the US, ​ (d)   and Canada.

• (NAFTA)
• trade
• Western
• Mexico
• commerce
• Eastern
• Russia

Agreed upon in 2015, the _______________ is an international treaty to limit global warming. The goal is to move to renewable energy. Nations set emissions reduction goals and report on their progress.

• Kyoto Protocol
• Montreal Accord
• Paris Climate Agreement

• Rio Climate Declaration

As a result of global trade agreements such as ​ (a)   and the WTO, US industries are experiencing greater​ (b)   . Many companies began to ​ (c)   to (d)   where labor costs were cheaper. This caused a rise in (e)   for some American workers.

• NAFTA
• competition
• outsource jobs
• foreign markets
• unemployment

Progress Check Question:

Which of the following is the BEST description of the passage?

• a supporting argument for the Great Society

• a supporting argument of the Reagan tax cuts

• a criticism of the Bush administration's stimulus checks

• a criticism of the North American Free Trade Agreement

Satellite and (a)   communication promoted the outsourcing of some jobs to places such as (b)   ​. Globalization and mechanization caused a loss of ​ (c)   in the US and a continued shift to jobs in the (d)   .

• India
• internet
• manufacturing jobs
• service industry

The competition for jobs continues as an influx of​ (a)   are willing to work for lower​ (b)   . There is a decline in membership to (c)   because of the loss of jobs and increased competition from (d)   , immigrants and mechanization. There was a big population shift to the (e)   states.

• immigrants
• wages
• labor unions
• overseas
• "right to work"

Categorize how the economy changed during The Cold War to after The Cold War.

Groups:

(a) Cold War Era

,

(b) Post Cold-War Era

• manufacturing

• increased outsourcing factory jobs to other countries

• jobs like banker, computer programmer, teacher, nurse

• making things in factories with an assembly line

• jobs were done in the US

• service industry