6.5 Globalization and Its Effects

• Globalization refers to the process of increased interconnectedness and interdependence between countries and people
• Policies like free trade agreements have reduced trade barriers
• Match the factor driving globalization with its effect:

  Technological advancements ↔️ Faster and cheaper global connectivity

  Reduced trade barriers ↔️ Increased flow of goods and capital

  Global communication ↔️ Rapid exchange of ideas worldwide

  Multinational corporations ↔️ Integration of production globally
• What cultural benefit does globalization provide?

  Cultural diversity
• Cultural homogenization refers to the loss of unique cultural identities
• Cultural dominance occurs when stronger cultures overshadow weaker ones.


  True
• Cultural globalization can lead to the spread of dominant cultures and the loss of local cultures
• Cultural blending involves combining different cultural elements
• Economic globalization involves increased global trade and flow of capital
• Reduced trade barriers, like free trade agreements, have facilitated the flow of goods across borders
• Increased economic growth from globalization has created more jobs and investment opportunities
• What is a negative effect of globalization on economies?

  Widening economic inequality
• What are the dual outcomes of cultural globalization?

  Spread of dominant cultures and loss of local cultures
• Global memes and social media trends are examples of new cultural forms created by globalization.


  True
• The spread of democracy through globalization is an example of the dissemination of political ideologies.


  True
• Match the economic aspect of globalization with its impact:

  Increased Trade ↔️ Expands markets, lowers prices

  Foreign Investment ↔️ Boosts capital and technology

  Job Creation ↔️ Generates employment

  Economic Growth ↔️ Fuels overall prosperity
• Fair trade practices ensure ethical labor standards and equitable distribution of benefits across the global supply chain.

  True
• Match the aspect of globalization with its description:

  Economic ↔️ Increased global trade and investment

  Political ↔️ Greater cooperation between governments

  Social ↔️ Increased migration and cultural exchange

  Cultural ↔️ Diffusion of cultural practices worldwide
• Globalization has led to increased economic growth and job opportunities.

  True
• Arrange the negative effects of globalization in order of significance:

  1️⃣ Economic inequality

  2️⃣ Environmental degradation

  3️⃣ Cultural homogenization
• Cultural blending results in the creation of new cultural forms
• Cultural dominance occurs when stronger cultures overshadow weaker ones.

  True
• What is an example of a new cultural form created by cultural globalization?

  Global memes
• Match the aspect of globalization with its description:

  Political ↔️ Greater cooperation between governments

  Social ↔️ Increased migration and cultural exchange

  Cultural ↔️ Diffusion of cultural practices

  Economic ↔️ Increased global trade and investment
• The internet has enabled rapid global communication and information sharing.


  True
• What positive effect of globalization improves living standards worldwide?

  Improved access to information
• Environmental degradation due to globalization includes increased CO2 emissions and deforestation
• Order the effects of cultural globalization

  1️⃣ Cultural dominance

  2️⃣ Loss of local cultures

  3️⃣ Cultural blending

  4️⃣ Creation of new cultural forms
• What is globalization primarily concerned with?

  Interconnectedness and interdependence
• What does globalization create for societies?

  Opportunities and challenges
• What role does the internet play in globalization?

  Facilitates information sharing
• Globalization has improved access to goods, services, and information
• Globalization has worsened environmental degradation due to increased industrial growth.


  True
• What is the primary focus of cultural globalization?

  Spread of cultural elements
• What is cultural globalization?

  Spread of cultural elements
• Order the effects of cultural globalization

  1️⃣ Spread of dominant cultures

  2️⃣ Loss of local cultures

  3️⃣ Cultural blending

  4️⃣ Creation of new cultural forms
• What is an example of the loss of local cultures due to globalization?

  Replacement of indigenous languages
• Globalization refers to increased interconnectedness between countries and people worldwide.

  True
• What technological advancements have driven globalization?

  Faster communication and transportation
• How have multinational corporations influenced globalization?

  Integrated global supply chains