All Flashcards
What is the IMF?
International Monetary Fund, an organization that provides loans to countries but is often criticized for its conditions.
What is the World Bank?
An international financial institution that provides loans and grants to governments of low- and middle-income countries for the purpose of pursuing capital projects.
What are the causes and effects of increased shipping due to globalization?
Cause: Increased global trade. Effect: Higher greenhouse gas emissions and environmental impact.
What are the causes and effects of deforestation for cattle farming?
Cause: Demand for beef and land for grazing. Effect: Loss of biodiversity, habitat destruction, and increased carbon emissions.
What are the causes and effects of social media's global reach?
Cause: Technological advancements and internet access. Effect: Spread of pop culture, increased awareness, and potential for misinformation.
What are the causes and effects of supporting small businesses?
Cause: Resistance to corporate power and desire for local economic growth. Effect: Strengthened local economies and preservation of unique cultures.
What are the causes and effects of prioritizing profits over worker safety?
Cause: Corporate focus on maximizing profits. Effect: Unsafe working conditions, exploitation, and tragedies like the Rana Plaza collapse.
What are the causes and effects of unequal distribution of resources?
Cause: Historical inequalities, trade imbalances, and corporate power. Effect: Increased global inequality, poverty, and social unrest.
What are the causes and effects of globalization on folk culture?
Cause: Spread of pop culture and global media. Effect: Potential erosion of traditional practices but also increased awareness and preservation efforts.
What are the causes and effects of globalization on the environment?
Cause: Increased production, consumption, and transportation. Effect: Deforestation, pollution, climate change, and resource depletion.
What is Globalization?
Increased interconnectedness of the world through trade, culture, and technology.
Define Pop Culture.
Constantly changing culture driven by trends, social media, and celebrities.
Define Folk Culture.
Culture passed down through generations, rooted in tradition, and less influenced by modern trends.
What is Fair Trade?
Ensuring producers in developing countries receive a reasonable payment for their goods.
Define Sustainable Development.
Operating businesses and developing resources without harming future generations.
What is Debt Relief?
Reducing or canceling debt owed by countries to avoid economic collapse.
What is meant by 'unequal distribution of resources'?
The imbalanced allocation of resources globally, where some nations/groups benefit disproportionately.
What is 'labor exploitation'?
The mistreatment of workers, often involving unsafe conditions and low wages, to maximize profits.
Define 'cultural homogeneity'.
The reduction in cultural diversity through the popularization and diffusion of a single culture.
What are greenhouse gas emissions?
Gases released into the atmosphere, primarily from burning fossil fuels, that trap heat and contribute to climate change.