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Created by
Crystal Divine AbrogueƱa
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Cards (85)
What does globalization describe?
Changes
in societies and world economy
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In an economic context, what does globalization refer to?
Effects of trade, particularly
trade liberalization
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What is another term for trade liberalization?
Free trade
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How does globalization impact daily life?
It makes
products
like phones and gadgets available
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What role does globalization play in international peace and justice?
It helps in bringing international peace and justice
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What are social tools that promote globalization?
Facebook
Mobile phones
Laptops
Computers
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What does the term "global village" refer to in globalization?
Closer contact
and
mutual understanding
among people
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What is economic globalization?
Free trade
and relations among industries globally
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What is a sign of globalization related to international trade?
Increase in international trade faster than
world economy
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What does the international flow of capital include?
Foreign direct investment
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How has technology contributed to globalization?
By enabling greater
transborder
data flow
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How has terrorism been affected by globalization?
Terrorism has become more widespread
globally
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What are some effects of multiculturalism due to globalization?
Better access to cultural diversity and
assimilation
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What is one consequence of international agreements in globalization?
Erosion of national
sovereignty
and borders
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What has globalization led to in terms of travel?
Greater
international
travel and tourism
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What has globalization increased in terms of immigration?
Greater immigration, including
illegal
immigration
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What has globalization developed in terms of telecommunications?
Global telecommunications
infrastructure
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What has globalization led to in terms of multinational corporations?
Increased
share
of the
world economy
controlled
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What role do international organizations play in globalization?
They deal with international
transactions
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What do anti-globalization activists believe?
Globalization promotes a
corporatist
agenda
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What economic issue do anti-globalization activists associate with globalization?
Credit-based economics
leading to
debt crises
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What do supporters of free trade argue?
It leads to
efficient resource allocation
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What are the claimed benefits of free trade?
Lower prices, more
employment
, better resource allocation
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When did the Philippines sign agreements with the WTO?
In
1995
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How has globalization affected the economy of the Philippines?
It has led to more
labor
and companies emerging
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What can globalization potentially do for the Philippines?
Make the economy more
advanced
through trade
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What is a critical factor for improvement in the Philippines?
Education
is the most effective factor
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How does globalization promote peaceful relations among countries?
By fostering
trade relations
and cooperation
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What employment advantage does globalization provide?
Generation
of numerous
employment opportunities
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How has product quality been affected by globalization?
Product quality has been enhanced to retain
customers
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What educational advantage does globalization offer?
Access to numerous educational
institutions
globally
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How has communication changed due to globalization?
Information is easily
accessible
worldwide
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What economic impact has globalization had on prices?
It has led to cheaper prices due to
competition
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What does GDP stand for?
Gross Domestic Product
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What does GDP measure?
Money value of
final goods
and services produced
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How has transportation improved due to globalization?
Connectivity
to various parts of the world has improved
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What is the impact of free trade?
No taxes or duties on
imports
/
exports
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How has globalization affected travel and tourism?
It has promoted tourism to great
heights
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What health issues have arisen due to globalization?
Increased
health risks
and new
epidemic
threats
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What is a significant social issue related to globalization?
Rich getting
richer
while poor get
poorer
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