5Group1

Globalization can be a complicated issue. Adding to the difficulty in understanding this multifaceted subject is that fact that it involves many economic terms and concepts.
 * II. How does Globalization impact individuals and the World? **
 * A. T **ake this quiz [] on economic vocabulary terms that are associated with globalization. Once you are confident that you know what these terms mean, move onto part B.
 * B. **Your group as been assigned the “Pro-Globalization” position. **Decide ** which of the following are points/arguments for “**Pro- Globalization **”. Be sure to **explain ** why each term belongs on your group's assigned side. Some terms can be on **both ** sides of the Globalization debate.
 * Trickle down theory
 * Natural progression
 * IMF and World Bank
 * Weak environmental laws
 * Bubble economies
 * Sweatshops
 * Export economies
 * Specializing in the marketplace
 * Economic convergence
 * Promoting efficiency
 * “Wealth Gap” btw. the rich & poor
 * Instantaneous global economy
 * North American and European Transnational firms
 * Diffusion of technology & ideas

The trickle down theory is a progression in pro-globalization because globalization will increase commerce and wealth, that will eventually trickle down to enrich even the poorest people in different regions. The World Bank is an advantage of globalization because it loans money to countries so that they can invest in infrastructure and modernization. Bubble economies help provide a quick flow of money into a poor country to try and improve that country's economy. It creates a total effect: once a country gets more money they can establish more job opportunities which is over all good for the economy.