8Group+4

Globalization can be a complicated issue. Adding to the difficulty in understanding this multifaceted subject is that fact that it involves many economic terms and concepts.
 * __ II. How does Globalization impact individuals and the World? __**
 * A. ** Go to as a group, take this quiz [] on economic vocabulary terms that are associated with globalization. Once you are confident that you know what these terms mean, move onto part B.
 * B. ** Your group as been assigned the “Anti-Globalization” position. **Describe which** of the following are points/arguments for “**Anti- Globalization**”. Be sure to **explain** why each term belongs on your group's assigned side. Some terms can be on **both** sides of the Globalization debate.
 * Natural progression:
 * IMF and World Bank: International Monetary Fund and World Bank. Only gives short term support.
 * Weak environmental laws
 * Bubble economies : Quick flow of capital into a poor country, influx does not last long (like a bubble)
 * Sweatshops: A **sweatshop** is a working environment with conditions that are considered by many people of industrialised nations to be difficult or dangerous, usually where the workers have few opportunities to address their situation. Child labour laws may also be violated.
 * Export economies
 * Specializing in the marketplace
 * Economic convergence
 * “Wealth Gap” btw. the rich & poor: The wealth gap increased to $97.9 trillion, which is not
 * Instantaneous global economy
 * North American and European Transnational firms