Globalization and Cultural Identity

These flashcards cover key concepts discussed in the lecture about globalization, transnational corporations, and their impact on cultural identity and labor practices.

What is a key characteristic of Heathrow Airport regarding its shops and restaurants?

Heathrow Airport has over 70 shops and 30 restaurants, but lacks a sense of identity due to the presence of mostly TNCs (Transnational Corporations).

What does globalization refer to?

Globalization is the process that enables financial and investment markets to operate internationally, leading to the increasing integration of economies around the world and the movement of goods, services, and capital across borders.

What is a major disadvantage of globalization related to labor practices?

Evidence suggests that some international companies, such as Nike, are associated with sweatshops and may exploit workers through long shifts and child labor.

What impact do transnational corporations (TNCs) have on local cultures?

Transnational corporations often replace local shops with global brands, leading to a loss of cultural diversity and identity.

What do anti-globalization activists believe?

Anti-globalizationists argue that globalization negatively impacts cultural diversity and local economies.