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What are multi-national corporations?
These are companies with headquarters all over the world
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What is globalization?
This is the increasing interconnectedness of people and places through the converging processes of economic, political, and cultural change
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What is Hybridization (or syncretism)?
Occurs when forms of American popular culture spreads abroad and melds into other local cultures.
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What is the Geopolitical Component of globalization?
- UN's providing of representation to all countries
- International agreements that promote global trade and cultural exchange
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What are some environmental concerns of globalization?
- Transnational corporations create environmental problems that disrupt ecosystems
- Native peoples may lose resource base
- Globalization aggravates world environmental problems (climate change, pollution of air & water, deforestation)
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What may help environmental concerns of globalization?
International treaties between countries.
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State the social dimensions of globalization and their downfalls
- Increased international migration
- The bad:
- Terrorism
- Drugs
- Pornography
- Gambling
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What are some advantages of globalization?
- logical expression of capitalism
- removes trade barriers, increasing efficiency
- spreads new technology and ideas
- free flow of capital increases global economic wealth
- world's poorer countries will catch up
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What are disadvantages of globalization used by critics?
- today's developed countries did not use free-market economics to foster their development
- Globalization creates greater inequalities
- promotes free-market, export-oriented economies, at expense of local indigenous economies
- spreads undesirable things (disease, crime, harmful plants and animals)
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How do they measure the amount of inequality within a country?
Use GINI index (GINI coefficients)
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What is the middle position of globalization?
- globalization is unavoidable
- even anti-globalization people use internet (which is globalized) to oppose globalization
- strong governments, groups, and organizations can help manage globalization
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