Globalization L4

_ is the process in which countries are increasingly linked to each other through culture and trade.

• Globalization

• Free trade

_refers to culture traits that are well known and widely accepted.

• Popular culture

• Culture

_ such as quotas, tariffs, and embargoes limit free trade between nations.

• Trade barriers

• World barriers

Trade barriers such as quotas, tariffs, and embargoes limit _ between nations.

• free trade

• interdependence

Tariffs, quotas, and embargoes are examples of _.

• interdependence

• trade barriers

_ occurs when countries depend on each other for resources, goods, or services.

• Telecommunications

• Interdependence

The _ provides loans to developing nations so they can build such things as power plants and roads.

• World Bank

• World Trade Organization

The process in which countries are linked to one another through culture and trade is called popular culture.

• False

• True

Culture traits such as food, music, movies, and sports are examples of globalization.

• False

• True

As a result of globalization, there is more interdependence among countries.

• True

• False