What is Globalization?
9th Grade · Social Studies · 35 min· Ccss Ss.9-12.g.4.8
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Learning Objective
I can define globalization and describe its major characteristics.
- 1
Globalization is driven by international trade and investment, affecting the environment, culture, political systems, economic development, and human well-being.
- 2
The third phase of globalization, starting in 1945, was enabled by economic expansion after World War II and led to new financial institutions like the International Monetary Fund and the World Bank.
- 3
Challenges of globalization include job mobility from developed to developing countries, potential loss of cultural identity, and the dominance of Western values in international orders.
