Today, HSBC has its headquarters in London, England.Economic globalization has allowed many corporations based in the West to move factories and jobs to less economically developed countries, a process calledoutsourcing. Trade and Investment Policy Watch (March 6). A) The Rocky Mountain Region. E) Detroit and Nashville. PIIE Charts. National Geographic Society is a 501 (c)(3) organization. Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.Countries have built economic partnerships to facilitate these movements over many centuries. Kirkegaard, Jacob Funk. B) Culture is learned behavior that is passed from one generation to the next. D) the belief that one's own ethnic group is superior to others. Group of answer choices. D) Cultural traits are a reflection of a groups values. Has Global Trade Fueled US Wage Inequality? What is globalization? Characteristics, causes, effects and examples Library of Congress C) the isolation of a culture from the rest of the world. Today, news and information zips instantly around the world on theinternet. Senator Orrin Hatch Argues Against Auto Tariffs. The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations. Globalization has led to both a growing interconnectedness and a rise in xenophobia. D) cultural landscape. Factories in the county of Lancashire, England, created madras cloth. A) Hawaii. Washington: Peterson Institute for International Economics. C) Race and ethnicity are interchangeable concepts. Many early European explorers were eager to bring theChristian religion to the regions they visited. For more information, see Increased Trade: A Key to Improving Productivity. There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. Washington: Peterson Institute for International Economics. A. B. 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.
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