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Globalization Final
| Question | Answer |
|---|---|
| how does friedman define globalization? | the inexorable integration of markets, nation states and technologies to a degree nver witnessed before -- in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster and deeper. |
| what is the driving force behind globalization | Free market capitalism |
| what are the three balances that globalization is based around? | balance between nation to nationbalance between nations and global marketsbalance between nations and individuals |
| What are the six lenses? | financial markets. politics, culture, nationaly security, technology and enviornment. |
| what does the lexus tree represent? | the drive for sustenance, improvment, prosperity and modernization. it represents all the burgeoning global markets, financial institutions, and computer technology with which we pursue higher living standerds today. |
| what does the olive tree represent? | everything that roots us, anchors us, identifies us and locates us in the world. weather it be belonging to a family, a community, a tribe, a nation, a religion, or most of all, a place called home. |
| what are our current three "bombs"? | the nuclear threat, global warming, and americas increasing debt. |
| World Bank | *Provide long term loans to help developing countries *Physical Therapist |
| IMF | *International Monetary Fund *Promote international cooperation *Provides short term loans to failing states *The ambulance. |
| WTO | *World Trade Organization *Oversees world trade and settles disputes *Deals with tarrifs anti-dumping policies, etc. |
| Globalization | *The trend of increased global integration *effects political, social economical and environmental. |
| Contagion | *When lots of money comes into a country and then suddenly goes away. *Bubble economy |
| Ben Bernanke | Head of the Federal Reserve |
| Privatization | Transforming businesses formerly owned by the government over to the private sector. |
| Protectionism | *When government puts in trade barriers, tarrifs, quotas etc. |
| Outsourcing | When jobs go overseas because they can be done faster, better and cheaper there. |
| Offshoring | Sending my whole factory overseas. |
| Open sourcing | Collaberating online to create a new product. |
| Insourcing | Having another company come in and perform certain tasks in my company. |
| Supply chaining | When a product comes off the shelf it immediately sends a new one from the back. |
| Informing | Having unlimited amounts of knowledge at your finger tips with just a click of a button. |
Created by:
emmacard1
Popular AP Comparative Gov. sets