Globalization and Its Impacts

The video lesson, led by Stewart, explores the topic of globalization, discussing its impact on the world. It covers the role of multinational corporations, consumerism, outsourcing, and the emergence of sweatshops. The lesson also addresses the concepts of the working poor, inequality, and the loss of cultural identity. It contrasts developed and developing economies and highlights the anti-globalization movement. The lesson encourages viewers to consider their stance on globalization and invites them to share their thoughts.

What is a key aspect of globalization discussed in the introduction?

• Global interconnectedness

• Local trade

• Nationalism

• Isolationism

What is the primary goal of multinational corporations in a globalized world?

• To limit their operations to one country

• To spread their products globally

• To focus on local markets

• To avoid international trade

Which of the following is an example of a multinational corporation?

• Local bakery

• Coca-Cola

• Neighborhood grocery store

• Family-owned restaurant

What phenomenon has consumerism led to in the context of globalization?

• Increased local production

• Nationalization of industries

• Outsourcing

• Decreased consumption

What is a sweatshop?

• A luxury clothing store

• A place where goods are produced under poor conditions

• A high-end technology store

• A local farmer's market

What term describes people working for low wages in developed countries due to globalization?

• The middle class

• The elite

• The working poor

• The affluent class

What was one of the original ideas of globalization that seems to be leading to more inequality?

• Equality

• Segregation

• Isolation

• Exclusivity

What is a common complaint about globalization related to cultural identity?

• Increased cultural diversity

• Loss of cultural identity

• Revival of ancient customs

• Strengthening of local traditions

What term is now more commonly used instead of 'first world' and 'third world'?

• Rich and poor countries

• Developed and developing economies

• North and South

• East and West

What can anti-globalization protests sometimes turn into?

• Riots

• Educational seminars

• Peaceful gatherings

• Cultural festivals