C. Globalization improves cultural awareness by enabling the exchange of ideas and information. Our editors will review what youve submitted and determine whether to revise the article. Thompson, Robert L. 2007. 7. Globalization is the movement and integration of goods and people among different countries. Westernization, the adoption of the practices and culture of western Europe by societies and countries in other parts of the world, whether through compulsion or influence. One in five American manufacturing workers is now employed by a foreign-owned company operating in the United States. 2018. 5. Public Comment on Trump Administration Report on Significant Trade Deficits. 1. All rights reserved. 2015. Which statement best describes trends in globalization of markets? Structures of Globalization questions & answers for quizzes and Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. A) Traditional music. Internationaltradeis vital to the economies of most countries around the world. A) Memorial Day. schools which have a reputation for being bad. There are 8 types of Globalization: Social globalization Technological globalization Financial globalization Economic globalization Political globalization Cultural globalization Ecological globalization Sociological globalization Through these 8 aspects, we can see how our world is becoming more integrated on many different levels. With anyone in the world now a text, click, call, or plane flight away, 95 percent of potential customers for goods and services are outside the United States, ready to buy goods and services from other countries if US producers are barred from their markets. All rights reserved. devising communication strategies to accomplish communicative goals, constructing messages consistent with communicative strategies. The globalization of cultural subgroups is not limited to the upper classes. This resulted in 65 percent of respondents wanting more restrictions, the opposite of the sentiment expressed in the Pew poll. Meanwhile, American fast food chains have become common throughout the world.McDonald'shas more than 37,000 restaurants in over 100 countries.
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