Globalization Flashcard

Front

What is the definition of globalization as described in the text?

Back

The increasing interconnectedness of the world's economies, cultures, and populations

Front

Which historical development significantly accelerated globalization?

Back

The Industrial Revolution

Front

How can globalization potentially exacerbate scarcity? Options: By increasing local production, By intensifying global competition for resources, By reducing trade barriers, By promoting cultural diversity

Back

By intensifying global competition for resources

Front

What is one major environmental challenge associated with globalization?

Back

Deforestation

Front

How does globalization influence labor markets?

Back

Increases job opportunities for skilled workers in global markets

Front

What is a potential negative effect of globalization on labor rights?

Back

Exploitation in global supply chains

Front

How might globalization affect child labor practices?

Back

It can increase demand for cheap labor in global supply chains

Front

How has globalization impacted renewable energy?

Back

Increased access to technology and innovation

Front

What is a challenge for global renewable energy adoption?

Back

Uneven distribution of renewable resources

Front

How has globalization affected income inequality?

Back

It has caused a rise in inequality between and within countries.