Fill in the Blanks Globalization (D)Online version Globalization by Hai Ha Vu 1 Globalization as both an and a 1 . What is globalization ? Globalization = Economic , ecological , social , problems are not restricted to the national level , but more . 2 . What causes globalization ? ? Modern communication and mass media ( allowing the of information worldwide for affordable prices ) ? Lower cost of ? Liberalization of international ( i . e . , Open markets which removes import tariffs , import quotas , and import worldwide ) 3 ) 03 Aspects of globalization : 3 . 1 . - Main catalyst for globalization and the most areas - Increasing and direct investment , the rise of multinational corporations ( seeking new , cheap productions ) 3 . 2 . POLITICS - Global issues ( e . g . climate change , financial , terrorism ) cannot be solved by a single state , but a group of countries ( eg . EU , - 20 , and UNO ) - The rise of non - organizations , not belonging to a particular state create pressure to affect the 3 . 3 . CULTURE - McWorld : Western culture ( e . g . music , news , products & English language ) becomes and destroy local culture and global - Backlash : people return to local and regional cultural Winners and losers in globalization - Winners : New industrialized countries & rapidly countries ( due to lower wages - - > cheap - - > global success ( e . g . China ) ) - Losers : African countries ( not prepared for international and failing to attracting direct ) - Both winning and losing : countries ( new markets vs . new competitions from other countries )
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