Globalization

Globalization.
Globalization can be defined as the stretching of economic , political ,and social relationships in space and time. A manufacturer asembling a product for a distant market , a country submitting to international law , and a language adopting a foreighn loanword are all examples of globalization.

Terms	Collocations
Income inequality Privatization Super rich Economy Plutocrat Capitalism Technology Taxes Unemployement	Income distribution Income re-distribution Global plutocracy Industrial revolution Medium class Multinational companies Crony capitalism Economic growth drivers Cultural diffusion Sweatshop Child labour
Global village - the idea that we become a single community due to affordable and effective transportation ,mass media , and electronic communication	People are affraid that the evalution of a global village will raise conflicts between cultures.
Global economy- refers to economy of the world comprising economies of different countries closely interrelated.	Thanks to global economy a shirt is now likely to cost roughly the same amount of money in New York as in New Delhi.
Global trade - the exchange of goods and services between countries.	Global trade not only results in increased efficiency but also allows countries to participate in global economy, encouraging the opportunity of foreighn investment.
Devoloping countries - countries with little industrial and economic activity where people generally have law income.	Developed countries - countries with a lot of industrial and economic activity where people generally have high incomes
Standarts of living- could be described as a quality of life or level of material prosperity avaialable to an individual or group of people.	World Trade Organization - global organization thet helps countries and producers trade fairly and effictevely
Words related to globalization
To immigrate To emigrate Antiglobalization movement Local/national/ domestic Integration Progress Protest Standartization National sovereighnty To accelerate Affluence To dominate Imbalance/ inequality Superpower Tariff	Trade barrier Interdepemdence Commerce Monopoly Exchange Human resources Fair trade Debate Demonstrate Loss of identity Capital flow

1. Is Globalization good for the world? Why ? Or why not? Give 2 reasons for your answer.

2. Is 'globalization ' another word for 'Americanization' ? Write your opinion about it and give 3 reasons for it.
3. Does economic globalization lifts all boats , or is it a modern form of empire? Give examples for this idea .
4. To what extent is global poverty a harm inflected by the global economy ? Give 3 reasons for this idea
5 . Do you think its possible to ignore glibalization ? Why or why not? Give explanations for your answer
6. Which chalanges bring to country globalization? Give 5 examples and explain them.
7. Main problem of globalization? What are they amd how to solve them ? Give 5 examples.