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Grade 7 Geo

Chapter 32 Global Sneaker

QuestionAnswer
Countries that DEPEND on each other for resources, technology, trade and investment. Economic Interdependence
Development of a worldwide society in which people, money, information and goods flow freely acoss national borders. Globalization
A business that has operations all over the world. Multinational Corporation
Some United States companies have their products made in other countries to save money. This is an example of... outsourcing.
Globalization has led to an increase in... international trade.
If the United States placed a 20% tariff on all goods from Asia some manufacturing jobs would... come back to the U.S.
What country is a major center of sneaker DESIGN? United States
What is it called when one country ships goods to another country for sale without paying tariffs? Free Trade
What is the greatest factor in the growth of globalization? Free Trade
What country is a major center of sneaker MANUFACTURING? Vietnam
What is the main goal of the World Trade Organization? to expand free trade by eliminating tariffs
Asian companies are the perfect location for producing sneakers because... they have lots of low wage workers, factories and ports for importing and exporting goods.
What effect of globalization is NOT a benefit for the United States? outsourcing of jobs
Why are many people against globalization? It has increased pollution.
Besides free trade, what has helped contribute to the rapid growth of globalization? more efficient shipping
What is the greatest threat to international trade? tariffs
Globalization has lead to INCREASED... economic interdependence among nations.
Created by: psmsschool2
 

 



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