9.13 Globalization

• What is the primary driver of globalization according to the study material?

  Advances in technology
• Globalization is driven by advances in technology, trade, and investment
• Match the key aspect of globalization with its description:

  Economic ↔️ Increased trade and investment

  Cultural ↔️ Exchange of ideas and values

  Social ↔️ Movement of people and communities
• What is an example of the economic aspect of globalization?

  Multinational corporations
• The spread of global media and entertainment is an example of the cultural aspect of globalization.
• Migration and diaspora communities illustrate the social aspect of globalization
• Which two international brands illustrate the economic and cultural aspects of globalization?

  McDonald's and Apple
• Match the driver of globalization in post-war Europe with its example:

  Technological Advancements ↔️ Internet, Jet travel

  Trade Liberalization ↔️ European Union Customs Union

  Economic Integration ↔️ Eurozone

  Cultural Exchange ↔️ Erasmus Programme
• Order the economic impacts of globalization on Europe from positive to negative:

  1️⃣ Increased trade and investment

  2️⃣ Lower consumer prices

  3️⃣ Access to larger markets

  4️⃣ Job displacement in some sectors

  5️⃣ Rising income inequality

  6️⃣ Exploitation of labor in developing countries
• What structural economic challenges did the Eurozone create for some member states?

  Facilitated easier trade
• The internet and jet travel are examples of technological advancements that drive globalization.
• The European Union Customs Union is an example of trade liberalization.
• What is an example of cultural homogenization resulting from globalization?

  Spread of fast-food chains
• What is cultural exchange in the context of globalization?

  Increased sharing of ideas
• Homogenization in globalization refers to the gradual blending of cultures
• What does migration contribute to in cities?

  Increased diversity
• Cultural preservation aims to protect local heritage and traditions.
• The influx of diverse communities has enriched European cities while also leading to cultural preservation initiatives
• What are some key social and cultural impacts of globalization in Europe?

  Cultural exchange, homogenization, migration, cultural preservation
• Globalization has significant political implications affecting how nations interact and govern
• Match the political implication with its description:

  Shift in National Sovereignty ↔️ Nations cede control to international organizations

  International Cooperation ↔️ Increased collaboration on global issues

  Rise of Global Governance ↔️ Emergence of international norms and standards

  Political Backlash ↔️ Resistance to globalization
• What is an example of international cooperation in the political context of globalization?

  Paris Climate Agreement
• The World Trade Organization (WTO) is an example of global governance in action.
• Resistance to globalization can lead to nationalist movements
• How do European Union regulatory policies illustrate the political implications of globalization?

  Shift in national sovereignty
• Globalization refers to the process by which the world's economies, societies, and cultures become increasingly interconnected
• Match the aspect of globalization with its example:

  Economic ↔️ Increased trade and investment

  Cultural ↔️ Exchange of ideas and values

  Social ↔️ Movement of people across borders
• What are two examples of international brands that illustrate globalization?

  McDonald's and Apple
• Technological advancements, trade liberalization, economic integration, and cultural exchange are key drivers of globalization in post-war Europe.
• Technological advancements, such as the internet and jet travel, have increased communication and transportation speeds
• What is an example of trade liberalization in post-war Europe?

  European Union Customs Union
• Arrange the following drivers of globalization in post-war Europe based on their primary focus:

  1️⃣ Technological Advancements

  2️⃣ Trade Liberalization

  3️⃣ Economic Integration

  4️⃣ Cultural Exchange
• What are two primary economic impacts of globalization in Europe?

  Benefits and drawbacks
• Match the economic benefit of globalization with its corresponding drawback:

  Increased trade and investment ↔️ Job displacement

  Lower consumer prices ↔️ Rising income inequality

  Access to larger markets ↔️ Exploitation of labor
• The growth of the Eurozone facilitated easier trade but also created structural economic challenges for certain member states.
• Globalization can lead to job displacement in some sectors
• What are the two main categories of economic impacts of globalization on Europe?

  Benefits and drawbacks
• One benefit of globalization is increased trade and investment across borders
• Lower consumer prices are a benefit of globalization.
• What is one drawback of globalization in terms of labor practices?

  Exploitation of labor