Exam 2 Review - UNIT 2 GLOBALIZATION STUDY GUIDE TERM...

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UNIT 2 GLOBALIZATION STUDY GUIDE TERM DEFINITION Globalization: Definition, positive and negative sides Definition     : A term used to describe  the acceleration and intensification of  economic interaction among the  people, companies, and governments  of different nations OR the erosion of  national boundaries for trade,  consumption, communication, culture,  politics, health, recreation, and  everything else Positive     : Proliferation of technology,  increased economic strength, more  jobs, increased communication, more  profit, etc. Negative     : Brain drain, currency  instability, human trafficking, slavery,  exploitation of semi-periphery and  periphery countries Indicators of global inequality Life expectancy Infant mortality Disease and medical care Nutrition Water and sanitation Education Technology Environment 1
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GNP Gross national product How much a country earns total/total  productivity GDP Gross domestic product How much the individual/household  earns on average in a country  Contemporary Global Trends The economy is becoming  increasingly connected and  consolidated Formal political structures are  becoming increasingly fragmented Global population expansion is  threatening the quality of life in many  regions Growing environmental awareness Life chances are becoming  increasingly polarized Ethnicity and multiculturism are  becoming even larger issues Bretton Woods Trio: IMF, World Bank, WTO  (GATT) Bretton Woods Trio: IMF, World Bank, WTO  (GATT) continued IMF     : International monetary fund.  Last resort guys only for emergencies World Bank     : Started after WWII, gave  loans to European countries to  redevelop but then extended to third- world countries WTO     : World Trade Organization,  eliminate barriers that hinder free  trade Bretton Woods is a place in New  2
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Hampshire where they had a big  important conference Debt Crisis, Debt Relief: Arguments For and Against Debt Crisis     : Countries in poverty owe  money to the World Bank or other  countries. The loans that they take out  come with conditions (Structural  Adjustment Programs) Debt Relief     : Jubilee is a charity  organization that pressures the  government of core countries to  relieve bad debt in periphery countries Arguments for Debt Relief     : Ease  burden of debt to poor countries,  decrease global inequality Arguments Against Debt Relief
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Exam 2 Review - UNIT 2 GLOBALIZATION STUDY GUIDE TERM...

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