Globalization

• World Bank


  The International Bank for Reconstruction and Development (IBRD), commonly referred to as the ___, an international financial institution with the purpose of assisting the development of its member nations, territories, promoting and supplementing private foreign investments, and promoting long-range balance growth in international trade.
• World Bank Group (WBG)


  ___ was established in July 1944 and aims to rebuild post-World War II Europe.
• International Monetary Fund (IMF)


  It fosters global growth and economic stability. It provides policy advice and financing to members in economic difficulties and also works with developing nations to help them achieve macroeconomic stability and reduce poverty.
• International Monetary Fund (IMF)


  The ___, a specialized agency under the United Nations, was first conceived in July 1944 and was formally created in 1945.
• International Labor Organization (ILO)


  Founded in 1919 in Geneva, Switzerland, the ___ takes care of the creation of international rulings on labor while the different countries monitor their implementation.
• World Trade Organization (WTO)


  Founded on January 1, 1995 in Geneva, Switzerland, ___ is an intergovernmental organization that regulates international trade.
• political


  The ___ dimension of globalization refers to minimal intervention of the state in economic activities.
• Cultural


  The interconnectedness of different people representing varied cultures encourages understanding and respect, no matter how "extreme" one culture may be. People coming from the West tend to be less conscious of the culture they are representing. Interactions result to the existence of a diverse culture, and later on a homogeneous one of people of different cultures which is slowly being understood by the citizens of the world
• cultural


  Included in the ___ dimension of globalization are its homogeneity and multiculturalism.
• International Labor Organization (ILO)


  Labor practices and environmental problems are the concerns of the ___. The ___ takes care of the creation of international rulings on labor while the different countries monitor its implementation.
• World Trade Organization (WTO)


  Those who oppose globalization argue that international organizations such as the ___ disregard labor issues and environmental problems since they do not concern themselves with the process of the production of goods and services.
• Economic


  One of the essential parts of globalization is the economic interaction of the world market which allows international trade and the free market economy. Multinational corporations, consumers, and workers anywhere in the world interact with each other and enter into economic agreements.
• Acculturation


  It is the process of cultural and psychological change that takes place as a result of contact between cultural groups and their individual members.
• Assimilation


  It refers to the process through which individuals and groups of differing heritages acquire, the basic habits, attitudes, and mode of life of an embracing culture
• Anti-globalization


  ___, also referred to as the political left argues that people are being deceived by making it appear that globalization benefits everyone.
• language patterns, pottery designs, and religious beliefs and practices


  Signs include:
• 3000 BCE


  The history of globalization can be traced back to as early as the start of migration of people from across the globe in ___.
• Globalization


  has a homogenizing effect as it leads to widespread economic interdependence which in turn encourages a normative system of interrelations.
• Globalization


  ___ is known as the interdependence of the global economy in which people have more liberty to trade and enjoy basic needs and wants under the comfort of frie trade.
• Globalization 3.0


  In this stage, the world economy will no longer be driven by the government of different countries but by individuals who will continue to "shrink" the world through the use of modern technology.
• Globalization 3.0


  By the year 2000, this globalization started where the world started to shrink from small to tiny.
• Henry Dunant


  These organizations include the Red Cross, founded in 1863 by social activist and businessman ___, and the International Olympic Committee, founded in 1894 by a French nobleman who intended to forge international Fond relations among competing nations. These organizations helped pave the way for a more globalized world.
• Globalization 2.0


  The second half of the nineteenth century saw the intense development of ies technologies, from the invention of the steam engine and telegraph to the development estic of the postal system. This was also the period when transnational organizations advocating for humanitarian ideals were formed.
• Globalization 2.0


  It was at this point that the global market was born.
• Globalization 2.0


  At this stage, the driving force of global integration were the multinational companies.
• Globalization 2.0


  Global or transnational integration describes the ___in which the internationalization of the transportation system, communication, commerce, tion and science revolutionized the way of life and eventually led to World War I that happened esign in 1914.
• British East India Company


  State-owned companies such as the ___ founded in the 1600 rippe are the period's version of multinational corporations. These brought products from Asia nly to Europe and vice-versa
• Globalization 2.0


  ___ lasted up to the year 2000 when the world continued to shrink from medium-sized to small. Communication, transportation, and production cost contributed to the shrinking of the world.
• Globalization 2.0


  It was the era that introduced us to multinational companies where it went from sizes medium to small.
• Christopher Columbus


  The exploration of the New World, as started by ___ excited the monarchs of Europe and encouraged be them to sponsor navigation, which led to the discovery of the treasures of the soon-to- be colonies of the Western empires.
• Globalization 1.0

  There was a great competition to monopolize trade particularly between the two leading countries of that time, Spain and Portugal.
• Globalization 1.0


  The first stage of globalization started with the European exploration of the world in 1492 up to 1800. In this stage, the explorers came to know the existence of the different continents starting with the Americas and later on, Asia.
• Globalization 1.0


  began around 1492, the world went from size large to medium.
• World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries.