8Group2

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. T **ake 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. **Decide ** 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.
 * Trickle down theory greater gap btwn rich and poor, yet to be demonstrated, poor people increasing instead of theory of decreasing
 * Natural progression- globalization is not this, instead productb of economic policy. processes now more permanent than the past
 * IMF and World Bank
 * Weak environmental laws -pollution resorurce-use is increasing. forest, increasing cut for timer, not global needs, asically worsens country's environments
 * Bubble economies - quick flow money to poor countries, doesnt last, leads to poorer conditions 9millenium Project)
 * Sweatshops - may give people jobs, but horrible conditions with low wages
 * Export economies - at expense of local sustaniable activities. sell resources to other countries, but at expense of local use. leads to over ecploitation of local resources
 * Specializing in the marketplace
 * Economic convergence
 * Promoting efficiency
 * “Wealth Gap” btw. the rich & poor
 * Instantaneous global economy
 * North American and European Transnational firms
 * Diffusion of technology & ideas