Globalization Crash Course

How does the United Nations define extreme or absolute poverty?

• Living on less than $5.00 a day

• Living on less than $2.50 a day

• Living on less than $1.25 a day

• Living on less than $0.75 a day

What is considered the greatest contributor to the reduction of extreme poverty?

• Better access to education

• Humanitarian aid

• Globalization and trade

• Policies of international organizations

According to economist Jeffrey Sachs, what is the "single most transformative technology" for the developing world?

• Internet access

• Mobile phones

• Renewable energy

• Advanced medical equipment

Why are jobs in developing countries often considered desirable by local workers, even if the pay is lower than in developed nations?

• They offer wages significantly above the global average.

• They are often the best available alternative for employment in those regions.

• They provide opportunities for workers to relocate to developed countries.

• They come with extensive benefits packages and strong labor protections.

What is a primary criticism leveled against the outsourcing of jobs to developing countries by opponents of globalization?

• It leads to a decrease in product quality.

• It is a form of economic colonialism, prioritizing profits over people.

• It causes a significant increase in global shipping costs.

• It results in a loss of cultural identity in developing nations.

What is considered the strongest argument against globalization, according to many experts?

• It leads to increased political instability worldwide.

• It promotes cultural homogenization.

• It lacks sustainability, as the planet cannot support a growing global economy indefinitely.

• It disproportionately benefits developed nations at the expense of developing ones.