Globalization

Globalization

·          Globalization
            describes a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade
·          Comparative Advantage
            The ability of an individual or group to carry out a particular economic activity (such as making a specific product) more efficiently than another activity
·          interdependence
            mutuality: a reciprocal relation between interdependent entities
·          National sovereignty

National sovereignty is the doctrine that sovereignty belongs to and derives from the nation, an abstract entity normally linked to a physical territory and its past, present, and future citizens. It is an ideological concept or doctrine derived from liberal political theory

·          Assimilation
            the social process of absorbing one cultural group into harmony with another
·          Cultural imperialism (westernization)
·          cultural diffusion
·          sweatshop (labor)
            labor in a working environment where conditions are dangerous/difficult and usually where workers have little opportunity…