8Group+1

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.
 * __ b- bII. 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, m ove onto 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- there are tax cuts and other payments that are reduced for businessmen and other rich people. then they believe that the surplus money will "trickle down" to the poorer people. this is proglobalization because it helps the impoverished people.
 * Natural progression
 * IMF and World Bank-poor countries can catch up to richer ones in terms of $
 * Weak environmental laws
 * Sweatshops- they are the start of large buisnesses and give people jobs
 * Specializing in the marketplace- more specialized products can be available
 * Economic convergence - poorest countries catch up with the richest countries becuase of the flow of captial from wealthy nations to developing nations
 * Promoting efficiency-innovates materials and materials are made better
 * Instantaneous global economy
 * North American and European Transnational firms
 * Diffusion of technology & ideas