Globalization Close Reading

What is Globalization?
________ is a set of processes that are increasing interactions, deepening relationships, and
heightening interdependence without regard for ________ borders.
Globalization is ________ and often considered ________.
Globalization spreads through connected _______, not borders.
________ is the backbone of globalization.
The principle that ________ trade raises the well being of countries and ________ of trade
raises a countries long-term ________ rate is called the ____________.
A set of interconnected points without a center is called a ________.
Examples of networks that allow ________to occur are ________, financial, ________, and
Networks spread globalization ________ because some places are more connected than others.
This map of shipping lane networks show them mostly connected between ________.
Time-Space Compression
_______ means that certain places, such as ________ cities, are more interconnected than ever
through ________ and transportation networks, and that places in the ________ are more
distant than ever.
The UN divides countries into three groups of ________: high, ________, and low. This
according to the gross domestic product (GDP).
The pace of change in technology is ________ changing. In 1992, ________ countries had an
average of only 10 ____________ and only 2.5 ___________.
Time-Space compression has helped create a strong link between ________ cities.
Networks in Development
Nongovernmental organizations (NGOs) have created several ________ development networks
in response to ________ made by the World Bank and the ___________________ (IMF).
NGOs work toward __________________, the idea that locals should be included in the decision
making of the development of their countries.
Local Currencies
People establish ___________ when they want to shape local development. They do this is the
_____, periphery, and _________.
In the 1980’s people in _________________, Canada established a local exchange trading
system (LETS), when the two major employers of the area went __________. They then started
a local currency in which people traded _________ and goods. This was separated from the
_________ economy.
The number of local economies in the world right now is over _______, mostly used in ________
Media Networks
_______ of goods and ideas on a global scale depends on global ________ and retail _________.
Global media deals with a lot more than TV, ________, and print. They include _________ of
entertainment, like theatres, record labels, ___________ systems, movies, and ____________
Companies like Disney, _______________, and Viacom use ____________ integration. This is
when one corporation owns several other companies that are connected to it.
Vertical integration limits the number of __________, which are people or companies that
control access to _______________.
When you buy a product from a store, the money they make goes to the _________ company.
This is called ___________ integration.
Global Identity
_________ is defined as how we make sense of ourselves.
We have ______, national, regional, and __________ identities.
Even though the world is divided, _________ spreads quickly, and people feel ________ to
places or people in which they have never met or gone to.
When __________ happen all over the world, people who are near them feel the need to feel
sad and to help. This shows that we are a __________ world, and that globalization has helped
in the cause to help with these ________.
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