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Lu, Zhiyao (Lucy), and Gary Clyde Hufbauer. Globalization has brought McDonalds to billions of consumers worldwide. US-China phase one tracker: Chinas purchases of US goods. When you reach out to him or her, you will need the page title, URL, and the date you accessed the resource. All the Above : Threats to Folk Culture By Katie Hurst and Eva Winsheimer Loss of Traditional Values Media is a Threat to Traditional Values Pop Culture is the type of culture is in large heterogeneous societies that share certain habits despite diff. A Prescription to Relieve Worker Anxiety. D) skyscrapers. This was not the case before the 1600s. Each multiple choice question has five possible answers. People can read information about foreign countries as easily as they read about their local news. Protectionism in the 2016 Election: Causes and Consequences, Truths and Fictions. How to Fix Economic Inequality? B) grooms gift. Globalization results in the expansion of international cultural, economic, and political activities. D) The spread of Wal-Mart from Arkansas to the rest of the United States. C) are available locally. Globalization puts pressure on nations to reduce tariffs, subsidies and other barriers to free trade. North American Free Trade Agreement (NAFTA), Yale University: Yale Center for the Study of Globalization. What process contributes to the existence and growth of ethnic enclaves in urban Which of the following is an example of stimulus diffusion? Now we look back at its history. B) Some ethnicities are comprised of people from several different races. Pew Research Center (August 7). C) influence of a culture stays the same the further one travels from the core. Tariffs are paid by domestic importers, not foreign governments or exporters. D) The Gulf Coast. E) the belief that ones own culture is superior to all others. Moran, Theodore H., and Lindsay Oldenski. If a media asset is downloadable, a download button appears in the corner of the media viewer. Travelers are exposed to new ideas about food, which may change what they buy at the store at home. Washington, DC 20036, Careers| B) Southern Florida. The real reason youre not getting a pay raise. C) Race and ethnicity are interchangeable concepts. A) the rapid and widespread diffusion of a characteristic throughout the population. Hierarchical diffusion is Another group stems from the rise of a transnational workforce. The global economy allows us to eat the foods we want all year round andbuyclothing and gadgets at lower prices. C. Improve women's access to education and literacy. Sustainability Policy| While these goals are simply stated and obviously will pose challenges to resolve, the stakes are high to rebuild trust in a global system that has helped secure prosperity and peace. PIIE Policy Brief 18-5. Which of the following concepts best describes particular forms of cultural domination, including media, educational, academic, intellectual, scientific, and linguistic, with othering as its core concept? The institutions established include: MORE GOODS AT LOWER PRICES Globalization has brought changes to Gogol's family that they are learning to like . 2. to higher education and health care, but Americans remain conflicted about the governments role in these social Furman, Jason. to another. The fiery chili pepper is native to the Western Hemisphere. Countries exposed to globalization have alleviated inequality to different degrees through tax and welfare systems. Newsroom| If you have questions about licensing content on this page, please contact ngimagecollection@natgeo.com for more information and to obtain a license. 2016. Under free trade agreements, countries agree to remove trade barriers. Before 2016, Republicans generally favored US trade deals and Democrats generally voted against them. Immigration is the process of moving to a new country or region with the intention of staying and living there. Group of answer choices. Payosova, Tetyana, Gary Clyde Hufbauer, and Jeffrey J. Schott. If a media asset is downloadable, a download button appears in the corner of the media viewer. B) The spread of drive-through windows from fast food restaurants to liquor stores. Concerns were show over the perceived impact of beliefs, values, and social practices coming from foreign cultural products. D) foods. C) a culture hearth. Free trade and the rule of law were mainstays of the system, helping to prevent most economic disputes from escalating into larger conflicts. B) The spread of English to the British Colonies. B) homogeneous population. Each year, millions of people move from one country to another in search of work. Which of the following is an example of hierarchical diffusion? Trade liberalization is the opposite of protectionismwhen countries allow people and businesses to buy and sell across borders with fewer restrictions. Bown, Chad P. 2021. Because of this,economic downturns in one country are repeated in other countries. A) New York and Chicago. See how trade helps both sides be more productive. Graphics by William Melancon 1In 2016, 19.9 million workers [pdf] were laid off or discharged (i.e., involuntary separations). 2. The protests turned violent. The way globalization allowed this situation to spread led to the nation of Iceland nearly goingbankrupt, for example.PoliticsCultural and economic globalization have caused countries to become more connected politically. This chart shows how FDI has grown steadily while the growth of portfolio holdings (foreign equity or foreign debt) and other assets (which are Which of the following statements best describes cultural hybridization? Consumers must be responsible to a triple bottom line of economic value, social progress, and environmental health. Please refer to the appropriate style manual or other sources if you have any questions. Accessed on October 4, 2018. Increased Trade: A Key to Improving Productivity. Sometimes, thesemigrantworkers travel a short distance, such as between the Mexican state of Sonora and the U.S. state of California. Thompson, Robert L. 2007. A) The suburbs are too bland and boring. 236. D) Folk cultures have great reverence for their environment. or the WTO, mainly because technology has made it easier to produce goods. The United States had an overall trade deficit of $447 billion in 2017, according to the US International Trade Commission, as a result of Americans spending more than they earn and financing the difference with foreign credit. Written by Melina Kolb These practices discriminate against not only Americans but also US allies. For more information, see Increased Trade: A Key to Improving Productivity. Imports are goods or services purchased from outside the country. The result is a collection of elite groups whose unifying ideals transcend geographical limitations. Globalization increases global wealth and improves economic development. They get their spice from chili peppers. A. People in the United States enjoy listening to South African music and reading Japanese comic books. (October 27). Freund, Caroline. US Government Is Worst at Reducing Inequality of All High-Income OECD Countries. biological history? Washington: Peterson Institute for International Economics. As with major technological advances, globalization benefits society as a whole, while harming certain groups. A. E) Tokyo, Paris, and Los Angeles. E) sub-Saharan Africa. After World War II in the mid-1940s, the United States led efforts to revive international trade and investment under negotiated ground rules, starting a second wave of globalization, which remains ongoing, though buffeted by periodic downturns and mounting political scrutiny. E) cultural progression. Korea was hit in 200809 even though the epicenter of the crisis was in the United States and Europe. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. Hufbauer, Gary Clyde. D) globalization. The Peterson Institute for International Economics is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions. 2018. nonfarm, nongovernment employment. 2001. This appears, however, to be an overstatement of the phenomenon. A pop quiz consists of three truefalse questions and three multiple choice questions. This Pew Research poll finds more support than not for free trade agreements. A) Amish communities in Pennsylvania Federal Reserve Bank of Chicago. A culture keeps its own cultural ideas from other cultures. People and organizations invest in companies all over the globe. C) Midwest. Globalization has forced Gogol to reject Indian culture. and, Not a successful negotiating strategy for trade deals. Have students use the provided websites to conduct their own research and to learn more about the issues in the debate over globalization. Washington: Peterson Institute for International Economics. Globalization increases global . D) The spread of Roman Catholicism to Latin America. Washington: Peterson Institute for International Economics. In most parts of the world, professionals such as bankers wear suits, and jeans and T-shirts are common for young people.There has also been an increasing exchange of foods across the globe. . Preserving Manufacturing Jobs One Company at a Time. E) All of the above. Sometimes, migrant workers travel many thousands of miles. C) dowry. }. They work together to open their borders to allow the movement of money and people needed to keep economic globalization working.Because people, money, and computerized information move so easily around the globe, countries are increasingly working together to fightcrime. Lawrence, Robert Z. E) All of the above. A) American news organizations, such as CNN. A geographic assemblage of related culture regions is Duringtimes of peace, it is beneficial in a global economy,to see othernationssucceed. Furman, Jason. Any interactives on this page can only be played while you are visiting our website. Pew Research Center (September 26). 2016. Americans, Like Many in Other Advanced Economies, Not Convinced of Trades Benefits. 8. Washington: Peterson Institute for International Economics. Globalizationis the connection of different parts of the world. PIIE Charts. Jobs available through globalization have lifted many people out ofpoverty. Engaging in a trade war, with escalating tit-for-tat tariffs, Violating WTO rules or circumventing established processes, Imposing tariffs to save US manufacturing jobs at specific companies, Restricting imports from specific countries to try to reduce bilateral trade deficits, The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers, The China Shock: Learning from Labor-Market Adjustment to Large Changes in Trade [pdf], Number of U.S. workers employed by foreign-owned companies is on the rise. Five Reasons Why the Focus on Trade Deficits Is Misleading. E) any market area for a retail business. Evidence to date is that the cost of tariffs has been borne by importing companies, sometimes resulting in higher prices for consumers. United States spends only a fifth of what other advanced economies spend on average to help people find new jobs Ethnocentrism is C) cultural succession. The Brexit agreement: An economic guide for the perplexed. C) practices. It entered the World Trade Organization in 2001 and undertook many reforms, cutting tariffs and other trade barriers. China, India, and Brazil dropped their rates to enter the World Trade Organization (WTO). Hufbauer, Gary Clyde, and Zhiyao (Lucy) Lu. RealTime Economics (March 14). B) Hollywood movies. They also say that outsourcing has causedwealthycountries to lose too many jobs. financial crisis and the global financial crisis of 200809, especially in other liabilities like bank loans. Here are some of the crucial areas that economists have proposed the United States should focus on, as outlined in many studies at the Peterson Institute and other policy organizations. Bergsten, C. Fred. Consumers have better products and more choices as a result. trade or other bigger factors. Washington: Peterson Institute for International Economics. E) Borderland region. 2013. C) Syncretism. Imagine if countries were like chefs, with different specialties. improve their competitiveness, Leads to higher tariffs on US exports, which would dampen sales and hurt US businesses and workers, Jeopardizes role of the United States as a world leader in international cooperation, making it more difficult to Have students write about globalization. E) none of the above. Millions of people take vacations to foreign countries. They are generally held by or owed to firms, banks and other financial institutions, or governments. C) an area where one cultural boundary abruptly ends and another begins. The largest minority group in the United States is Which statement concerning the globalization of Western culture is true? They are said to follow a recognizable lifestyle, are instantly identifiable anywhere in the world, and feel more comfortable in each others presence than they do among their less-sophisticated compatriots. Today,80 percent of world tradeis driven by supply chains run by multinational corporations. Globalization is important because it help create employment and more production of goods a result . Terms of Service| Washington: Peterson Institute for International Economics. Today, HSBC has its headquarters in London, England.Economic globalization has allowed many corporations based in the West to move factories and jobs to less economically developed countries, a process calledoutsourcing. The Truth about Trade Agreementsand Why We Need Them, US-China Trade War Tariffs: An Up-to-Date Chart, US-China phase one tracker: Chinas purchases of US goods, China bought none of the extra $200 billion of US exports in Trump's trade deal, Trumps Trade War Timeline: An Up-to-Date Guide, Preserving Manufacturing Jobs One Company at a Time, For most U.S. workers, real wages have barely budged in decades, Public Comment on Trump Administration Report on Significant Trade Deficits, Trade, Innovation, and Economic Growth [pdf], The real reason youre not getting a pay raise, Global inequality and international trade, US Trade Agenda Requires Greater Focus on Social Concerns, Ivory Tower Economists, Free Trade, and Workplace Woes, Buy American Is Bad for Taxpayers and Worse for Exports, Navarro Asks Congress to Give Trump Absolute Authority over the US Tariff Schedule, It's Fun to Discuss the USMCAthe New NAFTA, US Government Is Worst at Reducing Inequality of All High-Income OECD Countries, The Brexit agreement: An economic guide for the perplexed, Has Global Trade Fueled US Wage Inequality? Oldenski, Lindsay, and Theodore H. Moran. of the cause. BETTER QUALITY AND VARIETY Not enough has been done to help those who have lost out from trade competition. Peddling Protectionism. Washington: Peterson Institute for International Economics. Which statement about race and ethnicity is true? 10. People in England eat Indiancurry, while people in Peru enjoy Japanesesushi. E) uniform landscapes. A) The spread of English language to British colonies. Transcribed image text: . The cultural globalization hypothesis argues that a global culture leads to the homogenization of the human experience. Although globalization has affected us economically and politically, it has also affected us socially on a wider scale. Other international issues includeterrorism,drug trafficking, andimmigration.The process of globalization is verycontroversial. Students research, analyze, and debate the pros and cons of globalization. B) favors males over females There are abuses within the system and rules need to be updated. PIIE Policy Brief 17-16. D) the study of human-environment relationships. Apartheid, a policy of racial segregation from 1948-1990, was the official policy of E) Tanzania. What is the probability that a bat consumes four mosquitoes in a 30 -second interval? Newport, Frank. Trade and Investment Policy Watch (June 14). Bown, Chad P., and Melina Kolb. They also argue that free trade has lowered prices in wealthier countries and improved the economy of poorer countries. Which of the following concepts is part of the mindfulness dimension of intercultural communication competence? C) do not earn the same pay as a man does. D) forces women to bear children. What is the term for a group of people who identify with their cultural and integrated but dropped dramatically during the global financial crisis of 200809. connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. They circulate in a social world that has multiple home bases, and they have gained access to a unique network of individuals and opportunities. A leading explanation for rising US inequality [pdf] is that technology is reducing demand for certain low- and middle-wage workers and increasing demand for high-skilled, higher-paid workers. American industrial production is at 2020SAGE Publications SAGE Publications India Pvt. Cultural diffusion is B) The spread of laptop computers from the upper class to the middle class. A consensus of scholarly work holds that globalization has contributed marginally to rising US wage inequality, putting this factor at 10 to 20 percent. Has Global Trade Fueled US Wage Inequality? 2021. Globalization means the integration of the economy into the world's economy. The area of origin of a culture is called If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. C) Cultural integration. But not until the 19th century did global integration take off. C) each major world religion can be directly linked to a cultural homeland. Through globalization, people may become aware of incidents very quickly. A culture overcomes a threat to its own by strengthening its own cultural image. A) the rapid and widespread diffusion of a characteristic throughout the population. B) the spread of an underlying principle or idea. Globalization in History Globalization has a long history, for example, Ancient Greek . Material aspects of culture include The lower-wage workers may have lacked the skills and mobility to transition to other lines of work, whereas higher-wage workers relocated to companies outside manufacturing.