8Group+5

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 on to part B.
 * B. ** Your group as been assigned the “Pro-Globalization” position. Describe which of the following are points/arguments for “**Pro- 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.


 * Trickle down theory- This is pro-globalization because it states that not only will globization help out the wealthier economies, it will also help the pooer economies. The money will eventually assist every country in the world.
 * Natural progression-
 * IMF and World Bank- This is pro-globalization because the wealthier countries assist the poorer countires and therefore help to improve all economies.
 * Weak environmental laws-
 * Bubble economies - This is pro-globalization because it is the mixing of culture and money between a poor country and a rich country. The wealthier country is providing the weaker one with support financially and politically.
 * Sweatshops
 * Export economies
 * Specializing in the marketplace
 * Economic convergence - This is pro-globalization because the different countries are connecting through economic change.
 * Promoting efficiency - Pro-globablization because the countries are attempting to advance in their ways of organization, living, and communicating.
 * “Wealth Gap” btw. the rich & poor
 * Instantaneous global economy
 * North American and European Transnational firms - This is pro-globalization because separate countries are working together in order to enhance their economys.
 * Diffusion of technology & ideas