Globalization Lecture Notes

A set of vocabulary flashcards covering key concepts related to globalization from the lecture notes.

Globalization

The trend towards greater interconnectedness between people and countries.

Cultural Globalization

The gradual process of making people's way of life similar across the globe.

Economic Globalization

The integration of global economic systems usually through free trade.

Environmental Globalization

When countries share increasingly similar attitudes towards environmental priorities.

Political Globalization

The spread of governance systems and norms such as democracy and human rights across the globe.

Technological Globalization

The rapid spread of communications and computer technologies worldwide.

Free Trade

The movement of goods across borders without tariffs.

Outsourcing

The practice of relocating business processes to lower cost locations.

KOF Index

A measure of the extent to which countries are globalized economically, politically, and socially.

Global Village

The idea that the world is a single community linked by communications and transportation networks.

Neo Colonialism

The modern practice of using economics and cultural influences to control another country.

Bias

Favoring one perspective or point of view over others.

Lived Experience

The range of experiences and factors that shape individuals' perspectives.

Inequalities

Unfair differences in wealth, education, health, or opportunity between people or countries.

Austerity Measures

Unpopular cuts in government services required by organizations such as the IMF.

Climate Accords

Legally binding international agreements to commit to environmental goals.

Populism

A political approach that seeks to address the concerns of ordinary people feeling neglected by elites.

Transnational Corporations

Companies that operate across national borders and are often a focus of globalization discussions.

Cultural Imperialism

The dominance of one culture over another, often seen in globalization.