Flashcard in questo mazzo (8)

• What is a positive effect of globalization on economic growth?

  • Increased world GDP (GWP)
  • High growth rates in emerging economies
  • Greater choice of products and services
  • Specialization in production
  • Increased investment flows
  economics globalization growth
• What are the negative effects of globalization on economic development?

  • Widening income/wealth gap
  • Job losses in sunset industries
  • 'Brain drain' due to labor mobility
  • Increased inequality within countries
  economics inequality development
• What environmental issues arise from globalization?

  • Increased production demand
  • Climate change
  • Biodiversity threats
  • Pollution and resource depletion
  environment globalization issues
• How does globalization affect the international business cycle?

  • Economic growth influenced by other economies
  • Booms in one country affect others
  • Problems in one economy can spread
  economics business globalization
• What are the benefits of international cooperation on environmental issues?

  • Collaboration on sustainability solutions
  • International agreements like the Paris Agreement
  • Pressure on non-contributors to sustainability
  environment cooperation globalization
• What effect does globalization have on job markets?

  • Job losses in sunset industries
  • Movement of jobs overseas
  • Automation and tech advances lead to job displacement
  economics jobs globalization
• What is a positive impact of globalization on quality of life?

  • Increased employment opportunities
  • Higher income
  • Improved living standards
  • Better healthcare and education
  quality_of_life globalization development
• What is a negative effect of globalization on financial markets?

  • Greater financial market instability
  • Speculations leading to volatility
  economics financial_markets globalization