Exploring Globalization's Impacts
11th Grade · Social Studies · 45 min
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Learning Objective
I can analyze the economic, social, and political impacts of globalization.
- 1
Globalization is a cultural phenomenon reflected in artwork, population migration, and linguistic changes, but is often focused on trade.
- 2
Contemporary global trade is anarchic and unregulated, due to academic economists arguing that governmental regulation diminishes prosperity by limiting growth.
- 3
Moving manufacturing jobs from high wage to lower wage countries allows a greater number of people to live better than they did when the First and Second Worlds monopolized manufacturing.
